Brief: Eolus Vind Gets Substantial Milestone Payment For US Solar, Battery Project

Eolus AB (publ)

06/11/2024 12:03

Nov 6 (Reuters) - Eolus Vind AB (publ)  EOLUb.ST :
    * EOLUS HAS RECEIVED SUBSTANTIAL MILESTONE PAYMENT FOR US
SOLAR
AND BATTERY PROJECT
    * MILESTONE PAYMENT IS ESTIMATED TO HAVE A POSITIVE EFFECT
ON
EOLUS'S OPERATING PROFIT OF USD 51 MILLION IN Q4
    * HAS RECEIVED A PAYMENT OF USD 64.7 MILLION
    * TOTAL REVENUES FROM THE PROJECT IS EXPECTED TO BE USD
116.9
MILLION, OF WHICH EOLUS NOW HAS COLLECTED USD 110.0 MILLION

Source text:  ID:nMFN6Crrv 
Further company coverage:  EOLUb.ST 

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