Development Deal For Over EUR 68 Mln

Altea Green Power SpA

21/03/2024 06:59

March 21 (Reuters) - Altea Green Power SpA  AGP.MI :
    * SIGNS CO-DEVELOPMENT DEAL FOR OVER EUR 68 MILLION
    * DEAL TO DEVELOP ELECTRICAL ENERGY STORAGE SYSTEMS WITH
TOTAL
POWER OF OVER 1.1 GW
    * REVENUE FROM DEAL FOR 2024 AROUND EUR 15 MILLION, OF WHICH
AROUND EUR 5.5 MILLION PAID AT CLOSING
    * SUCCESS FEE OF EUR 15 MILLION TO BE ADDED TO DEAL VALUE,
DEPENDING ON REACHING PERFORMANCE TARGETS

Further company coverage:  AGP.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))