International renewable independent power producer (IPP) Alternus Energy agreed to a definitive agreement to acquire up to 228 MW solar projects in Spain. Alternus has executed a binding purchase agreement to acquire the projects at ready-to-build (RTB) status. The projects are in mid-stage development and are anticipated to reach RTB status by Q2 and Q3 of 2023, subject to permitting and suitable grid connection conditions. The developer will be responsible for all activities and costs to achieve these milestones prior to closing. The projects are estimated to achieve a commercial operation date (COD) in 2024.