Alternus completes €9m funding led by impact investor

In:

Manufacturing, Renewable energy, Traditional energy

Region:

Europe

Independent power producer Alternus Energy Group has announced the issuance of €9 million of convertible notes led by AVG Group Sarl, a Luxembourg-based asset manager focused on Nordic ESG and impact investing. AVG provided €8 million of the total investment with the remainder being provided by private individuals.

AVG joins other Nordic investors in Alternus and plans further funding to supply Nordic based capital to Alternus over time with a particular focus on eastern European countries. In addition to funding, AVG and its team will help supply innovative solutions to the structure of the solar parks with some hybrid opportunities and help supply Alternus with the latest technologies coming from Norway and the Nordics.

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