European Energy A/S: Agreement signed for the sale of a wind farm in Denmark with a gross capacity of 25.05 MW

Company announcement 5/2017

European Energy A/S today signed an agreement for the sale of a wind farm in Denmark to a fund managed by Aquila Capital. 

The wind farm has a gross capacity of 25.05MW and consists of 6 Vestas V117, 3.6MW turbines and 1 Vestas V126, 3.45MW turbine. The wind farm is located at Kappel in the municipality of Lolland.

The sale is conditioned upon a number of customary conditions precedent including issuance of take over certificates for the turbines and closing of non-recourse project financing.

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

This announcement has been made in accordance with the market abuse regulation (regulation (EU) no. 596/2014 on market abuse).

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Source: European Energy A/S via Globenewswire

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