News Column

Alter Energy Group AG - Focus on US and European Investments

June 10, 2014



"Alter Energy Group AG to focus on US and European Investments" Zurich Switzerland - June 10, 2014 ALTER ENERGY GROUP AG ("AEG") (GXG Ticker Symbol: AEGC) announces today that it has put its finance and development activities in Ukraine on hold indefinitely and will focus on acquisitions in the US and EU markets. Edward J. Klaeger IV, CEO of AEG explained, "Due to economic and geo-political conditions in Ukraine as well as uncertain Green Tariff Feed-in-Tariff (FiT) schemes for Solar PV, where AEG is prepared to acquire more than 20MWp operating assets, we have elected to put a temporary hold on our investment activities in Ukraine. We still believe that the Ukraine renewable energy market holds great promise and is the most attractive growth market in Europe. Our projects in Ukraine are under contract and we have agreed with the Sellers to re-engage in Ukraine once the situation stabilizes and proposed changes to the Green Tariff Law, including the FiT and Local Content Requirement (LCR) are clearly established in Parliament and signed into Law by President Poroshenko. This will open the market for FDI and allow AEG to execute on completing those acquisitions. For now we are focusing our efforts on acquisitions we have been developing in the US and EU renewable energy markets in support of our planned US listing later this year." About AEG: AEG is a Zurich Switzerland based publicly traded company with current activities in Europe and the US. AEG develops, acquires, and invests in renewable energy projects and companies. For more information on AEG please visit: www.alterenergygroup.com Contact Investor Relations: info@alterenergygroup.com Forward-Looking Statements Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the Company's current and future capital needs, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, and other risks. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.




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Source: PR Newswire (UK Disclosure)


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