Brief: Edisun Power Europe Says Edisun Power Focuses On Large-Scale Solar Plants

Edisun Power Europe AG

27/12/2023 22:21

Dec 27 (Reuters) - Edisun Power Europe AG  ESUN.S :
    * EDISUN POWER FOCUSES ON LARGE-SCALE SOLAR PLANTS
    * SAYS ACQUIRES 941 MWP OF LARGE-SCALE SOLAR PLANTS, WHICH
WILL BE
READY FOR CONSTRUCTION IN 2024
    * SAYS REDUCES REMAINING PROJECT PORTFOLIO OF SMALLER PLANTS
BY
706 MWP AND REALIZES ONE-OFF CAPITAL GAIN OF 18.7 MCHF
    * SAYS TRANSACTIONS THANKS TO STRATEGIC PARTNERSHIP WITH
SMARTENERGY GROUP AG
    * WILL SIMULTANEOUSLY STRENGTHEN ITS BALANCE SHEET STRUCTURE
AND
SUBSTANTIALLY REDUCE ITS DEBT BY OVER CHF 50 MILLION
    * RESTRUCTURING SHOULD BE COMPLETED BY MID 2025

Source text for Eikon:  ID:nEQV3HFha 
Further company coverage:  ESUN.S 

 ((Reuters.Briefs@thomsonreuters.com;))