European Energy A/S: Agreement signed with PFA Pension for the conditional sale of a portfolio of solar PV plants in the UK

Udgivet den 13-07-2016  |  kl. 19:00  |  

Company announcement 4/2016

European Solar Farms A/S, a subsidiary of European Energy A/S, has signed a conditional agreement concerning the sale of 3 solar PV plants located in the United Kingdom to PFA Infrastruktur Holding ApS, a subsidiary of PFA Pension, Forsikringsaktieselskab. European Energy A/S owns approximately 79% of the shares in European Solar Farms A/S.

The 3 solar PV plants have a combined installed capacity of 14.75 MW. The agreement includes an option for an additional 3 solar PV plants which, if exercised, will bring the size of the transaction to a total of 29.36MW installed capacity.

The agreement is conditional upon the satisfaction of a number of customary conditions precedent, including the solar PV plants receiving formal confirmation of the applicable feed-in-tariff. Completion of the sale will contribute positively to European Energy A/S' financial position.

 

Contact information: 
European Energy A/S 
Jens-Peter Zink, Chairman of the board 
jpz@europeanenergy.dk 
ph. + 45 2047 8220



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Source: European Energy A/S via Globenewswire

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Udgivet af: NPinvestordk