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.
European Energy A/S
Jens-Peter Zink, chairman of the board
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