Company announcement 5/2016
Five subsidiaries of European Energy A/S have been awarded a tariff in the German cross-border solar PV auction. The subsidiaries each submitted a bid for 10MW of installed capacity and the total amount of the capacity won by the European Energy Group represents the entire capacity of the tender.
It is a condition for the tariff that the solar PV plants are constructed and connected to the grid within 18 months.
The projects are expected to contribute positively to European Energy A/S' financial position, however the exact contribution cannot be determined before the projects have been constructed and connected to the grid.
With this addition to the pipeline, European Energy A/S now has more than 70MW of solar PV projects in Denmark with a secured tariff.
Contact information: European Energy A/S Knud-Erik Andersen, CEO kea@europeanenergy.dk ph. + 45 4030 8463
This announcement has been made in accordance with the market abuse regulation (regulation (EU) no. 596/2014 on market abuse).