March 18, 2024, ST. PETERSBURG, FL – Water Tower Research ( has published an Initiation of Coverage Report on Alternus Clean Energy, Inc. (NASDAQ: ALCE) titled, “Going Vertical with Alternus: A Clean Energy IPP Focused on Transatlantic Smaller Utility-Scale Projects”. The report can be accessed here.

Alternus differentiates itself by focusing on small utility-scale and community solar projects with a fully vertically integrated execution strategy ranging from project development through to long-term asset management. This model creates capex efficiencies throughout the solar development cycle, retains more control over project economics, and creates valuable clarity through a controlled pipeline of projects. The business model is designed to deliver visible, long-term, recurring cash flow through organic development and strategic acquisitions, with approximately 70% of its revenue under long-term contracts with rated corporate counterparties.

The total available market (TAM) for Alternus is substantial and growing in the EU and the US, with industry-wide installed capacity expected to grow from 2019-2026 at a CAGR of 13% in the EU and 28% in the US. Importantly, small utility-scale is the fastest-growing section within the solar sector versus residential, C&I, and community.

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