Brief: Edisun Power Buys 49 MW Photovoltaic Construction Project In North-Eastern Portugal

Edisun Power Europe AG

04/02/2019 17:18

Feb 4 (Reuters) - Edisun Power Europe AG  ESUN.S :
    * EQS-ADHOC: THE NEXT MILESTONE IN EDISUN POWER'S GROWTH STRATEGY
    * SIGNS CONTRACT TO ACQUIRE A 49 MW PHOTOVOLTAIC CONSTRUCTION PROJECT IN NORTH-EASTERN
PORTUGAL
    * PROJECT IS BEING SOLD BY SWISS COMPANY SMARTENERGY INVEST AG
    * CLOSING OF SALE SHOULD BE COMPLETED IN Q2 OF 2019 AT LATEST
    * CONSTRUCTION OF PLANT TO BEGIN THIS YEAR, FACILITY SHOULD BE CONNECTED TO GRID IN H1 OF
2020
    * FROM 2020 ONWARDS, PROJECT WILL REALIZE A NET RESULT OF AROUND CHF 1 MILLION ON AN
ANNUALIZED
BASIS

Source text for Eikon:  ID:nEQ16dQD9a 
Further company coverage:  ESUN.S 

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