BayWa will provide monitoring, maintenance and inspections for Alternus’ solar energy operations
() shares are shining after the company announced early Thursday it was teaming up with fellow renewable energy provider BayWa r.e.on its European solar projects.
The companies signed a Master Operations and Maintenance agreement, under which BayWa will provide monitoring, maintenance and inspections for Alternus’ solar energy operations in Germany, Italy, Romania and the Netherlands.
The company's stock rose 11% to $0.34.
“We are excited to work with BayWa. Partnering with a global firm like BayWa provides added protection and assurance that our solar parks are running at optimum output and well maintained for the future,” CFO Joseph Duey said.
Alternus Energy operates Utility Scale Solar parks internationally and sells clean energy on government contracts to European power grids.
Contact Andrew Kessel at [email protected]
Follow him on @andrew_kessel
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Alternus Energy Inc. named herein, including the promotion by the Company of Alternus Energy Inc. in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE