Reference is made to the updates issued by Alternus Energy Group Plc (OSE: ALT)
("AEG") and Solis Bond Company DAC ("Solis"), an indirect wholly owned
subsidiary of Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a
majority owned subsidiary of AEG, on 9 March 2023, 21 March 2023, 27 March 2023,
18 April 2023, 24 April 2023, 16 May 2023, 19 September 2023, 16 October 2023,
18 December 2023, 3 January 2024 ,26 February 2024, 12 March 2024, 25 June 2024
and 23 July 2024
regarding the waivers of the financial covenants and
extension of the maturity date sought from the bondholders in Solis' FRN senior
secured EUR 200,000,000 green bonds 2021/2024 (ISIN NO0010914914) (the "Bonds").
AEG and Solis announce that the Bond Trustee has granted a technical extension
of the Maturity Date until 30 September 2024. As was previously disclosed on 26
February 2024, the Bond Trustee, with approval from a majority of the
Bondholders, may further extend the Bonds on a month to month basis to 29
November 2024.
About Alternus Energy Group:
The Company is a transatlantic clean energy independent power producer (IPP). We
currently develop, install, own and operate utility scale solar parks in America
and Europe. Our highly motivated and dynamic team at Alternus have achieved
rapid growth in recent years. Building on this, our goal is to reach 3GW of
operating projects within 5 years through continued organic development
activities and targeted strategic opportunities. Our vision is to become a
leading provider of 24/7 clean energy delivering a sustainable future of
renewable power with people and planet in harmony.
AEG operates primarily through Alternus Clean Energy, Inc. (Nasdaq: ALCE). AEG
is listed on the Euronext Growth Oslo exchange and headquartered in Ireland,
while Alternus Clean Energy, Inc. is listed on Nasdaq and headquartered in the
US. They remain as two separate legal entities.