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October 17, 2022

Alternus Energy Group to Combine with Clean Earth Acquisitions Corp.

King & Spalding advised JonesTrading Institutional Services who served as the financial advisor to Clean Earth Acquisition Corp. (NASDAQ: CLIN) in its business combination agreement with Alternus Energy Group Plc (OSE: ALT). Clean Earth is a climate technology and energy transition-focused special purpose acquisition company. Alternus Energy Group is an international independent power producer that develops, installs, owns, and operates midsized utility scale solar parks. The combined company is expected to have initial equity value of approximately $863 million, assuming no redemptions by Clean Earth shareholders.

A press release announcing the transaction can be found here.

The King & Spalding deal team included Adam Hankiss and Kevin Manz.