European Energy A/S has together with a partner signed a conditional agreement concerning the sale of solar PV plants with a total capacity of 50.4MW to a fund managed by Allianz Global Investors GmbH. European Energy A/S owns 50 % of the solar PV plants sold.
The agreement is conditioned upon satisfaction of a number of customary conditions precedent, including the buyer's satisfactory due diligence and the Danish Transmission Authority deciding on the feed-in-tariff applicable for the plants. The purchase price will be determined on the basis of a number of factors, including the financing terms, that are not final yet why the possible impact on European Energy A/S' results should the transaction be brought to completion cannot be determined at this time.
Contact information: European Energy A/S Knud-Erik Andersen, CEO kea@europeanenergy.dk ph. + 45 40308463
HUG#1975679
