Brief: Raen Says Unit's Development Agreement Terminated

Grupa Virtus SA

17/07/2025 06:05

July 17 (Reuters) - Raen SA RAE.WA:

SAID ON WEDNESDAY THAT ITS SUBSIDIARY RAEN SP. Z O.O. RECEIVED A TERMINATION NOTICE FOR A DEVELOPMENT SERVICES AGREEMENT FROM SOLAR POLSKA NEW ENERGY

THE AGREEMENT WAS FOR A PHOTOVOLTAIC POWER PLANT PROJECT WITH ENERGY STORAGE, WITH A PLANNED CAPACITY OF OVER 150 MWP

THE PROJECT WAS DEEMED "UNSUCCESSFUL" UNDER THE TERMS OF THE AGREEMENT, ALLOWING FOR UNILATERAL TERMINATION

RAEN SAYS IT REMAINS THE OWNER OF A 20% STAKE IN SOLAR POLSKA NEW ENERGY

SAYS IT WILL ANALYZE FURTHER ACTIONS REGARDING ITS SHARES AND CONTRACTS RELATED TO THE PROJECT

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 (Gdansk Newsroom)

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