Nordic ESG & Impact Fund Takes 7.76M Share Stake in Alternus Clean Energy

TL;DR

**Nordic ESG & Impact Fund just disclosed a massive 7.76M share stake in Alternus Clean Energy.**

AI Summary

Nordic ESG & Impact Fund SCSp, a Luxembourg-based entity, reported beneficial ownership of 7,765,000 shares of Alternus Clean Energy, Inc. (NASDAQ: ALCE) common stock as of January 11, 2024. This filing, an SC 13G, indicates that Nordic ESG & Impact Fund SCSp holds significant shared voting power over these shares. This matters to investors because a large institutional holding can signal confidence in the company's future, potentially influencing stock stability and future strategic decisions.

Why It Matters

This significant stake by Nordic ESG & Impact Fund SCSp could be seen as a vote of confidence in Alternus Clean Energy, potentially attracting other institutional investors and stabilizing the stock price.

Risk Assessment

Risk Level: low — This filing generally indicates a passive investment, which typically carries a lower risk for existing shareholders compared to activist stakes.

Analyst Insight

A smart investor would view this significant institutional stake as a positive signal, potentially indicating long-term confidence in Alternus Clean Energy, and might consider further research into the company's fundamentals.

Key Numbers

• 7,765,000 — Shares Beneficially Owned (The total number of shares of Alternus Clean Energy, Inc. common stock held by Nordic ESG & Impact Fund SCSp with shared voting power.)
• $0.0001 — Par Value per Share (The stated par value of Alternus Clean Energy, Inc. common stock.)
• January 11, 2024 — Date of Event (The date on which the event requiring this Schedule 13G filing occurred.)

Key Players & Entities

• Nordic ESG & Impact Fund SCSp (company) — the reporting person acquiring shares
• Alternus Clean Energy, Inc. (company) — the issuer whose shares were acquired
• Luxembourg (person) — place of organization for Nordic ESG & Impact Fund SCSp
• AVG GROUP S.A.R.L. (company) — a group member
• KARL ANDERSEN (person) — a group member

Forward-Looking Statements

• Alternus Clean Energy's stock price will experience increased stability due to institutional backing. (Alternus Clean Energy, Inc.) — medium confidence, target: Q2 2024
• Other ESG-focused funds may consider investing in Alternus Clean Energy following Nordic ESG & Impact Fund's lead. (Alternus Clean Energy, Inc.) — low confidence, target: Q3 2024

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• ea192387-13gnordic_alternus.htm (SC 13G) — 68KB
• ea192387ex99-1_alternus.htm (EX-99.1) — 7KB
• 0001213900-24-007402.txt ( ) — 77KB

If this statement is filed pursuant

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); 5 (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

Ownership

Item 4. Ownership (a) Amount beneficially owned : (i) Reporting Persons beneficially own 7,765,000 shares of Common Stock. (b) Percent of class : (i) As of January 19, 2024, each of the Reporting Persons may be deemed the beneficial owner of approximately 9.7% of Shares outstanding. This percentage is based on a total of 79,670,363 Shares outstanding, based on information in the Form S-1 filed by the Company on January 19, 2024. (c) Number of shares as to which the person has : (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 7,765,000 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 7,765,000

Ownership of 5 Percent or

Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ]. 6

Ownership of More than 5 Percent on

Item 6. Ownership of More than 5 Percent on Behalf of Another Person. This Item 6 is not applicable.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. See disclosure in Item 2 hereof.

Identification and Classification

Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certifications

Item 10. Certifications By signing below the undersigned certifies that, to the best of his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 7 EXHIBIT INDEX Exhibit Exhibit Description Exhibit 1 Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended 8

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 29, 2024 AVG Group S.a.r.l. By: /s/ Karl Andersen Name: Karl Andersen Its: Managing Director Nordic ESG and Impact SCSp By: AVG Group S.a.r.L., its general partner By: /s/ Karl Andersen Name: Karl Andersen Its: Managing Director Karl Andersen By: /s/ Karl Andersen Name: Karl Andersen 9

View Full Filing

View this SC 13G filing on SEC EDGAR