Brief: Eam Solar: Subsidy Payment For Electricity Delivered Reinstated

Eam Solar AS

14/10/2024 07:50

Oct 14 (Reuters) - Eam Solar AS  EAM.OL :
    * SUBSIDY PAYMENT FOR ELECTRICITY DELIVERED FOR POWER PLANT
ENFO25
IS REINSTATED
    * ON FRIDAY 11 OCTOBER, COMPANY GOT FORMAL APPROVAL OF
RESTORATION
OF SUBSIDIES FOR ENFO 25
    * EXPECTS A NET BACK PAYMENT FOR DELIVERED ELECTRICITY OF
APPROXIMATELY EUR 700,000
    * ANNUAL GROSS INCOME FOR THE POWER PLANT ENFO 25 WILL
INCREASE BY
APPROXIMATELY NOK 2.8 MILLION UNTIL 2031
    * EXPECTS RESTORATION AND BACK PAYMENT OF THE SUBSIDY TO BE
COMPLETED IN Q4 OF 2024

Source text for Eikon:  ID:nObixRvxya 
Further company coverage:  EAM.OL 

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