Reference is made to the press release issued by Alternus Energy Group Plc (OSE:
ALT) ("AEG" or the "Company") on 21 November 2023 and the Euronext notices
issued on 28 December 2023 and 16 January 2024, regarding the planned sale of
its operating solar projects in the Netherlands.  

The Company is pleased to announce that Solis Bond Company DAC, an indirect
wholly owned subsidiary of Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE" or
"Alternus"), a majority owned subsidiary of the Company, has closed the sale of
100% of the share capital in Zonnepark Rilland B.V. ("Rilland") to Theia. The
total remuneration consisting of the purchase price and the repayment of
shareholder's loans granted to Rilland is in line with what the Company
previously announced on 21 November 2023 and will be used to pay down the Solis
Bond.

EY acted as the sole Financial Advisor to the Company in this transaction.

About Alternus Energy Group (AEG): 
AEG is a transatlantic clean energy independent power producer (IPP). We
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 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.


For More Information:

Alternus Energy Group
ir@alternusenergy.com
+1 (913) 815-1557

or

The Blueshirt Group
alternus@blueshirtgroup.com
+1 (323) 240-5796