Alternus Energy Group Plc (OSE: ALT) ("AEG") together with Solis Bond Company DAC ("Solis"), an indirect wholly owned subsidiary of Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a majority owned subsidiary of AEG, announces that the publication of the annual accounts of Solis for the financial year 2023 have been delayed as the audit of the accounts by its auditors has not yet been concluded. The delay is caused by the requirement to prepare US GAAP based audits for Alternus related to its listing on the Nasdaq. Those audited financials were published in Alternus’ Annual Report on Form 10-K filed with the US Securities and Exchange Commission (SEC) on April 15, 2024 which is available at www.sec.gov.
Given the extensive amount of work already completed as part of the Alternus audit under the higher PCAOB standards and the subsequent translation of these into IFRS standards for AEG’s Oslo Bors listing requirements, there is a delay in filing the Solis IFRS audited results for financial year 2023. Solis expects publication of the Solis audit on or before June 30, 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