Brief: Ignitis Grupe To Acquire Solar Projects In Development In Latvia

Ignitis Grupe AB

29/12/2022 09:08

Dec 29 (Reuters) - Ignitis Grupe AB  IGN1L.VL :
    * ON THE SIGNED AGREEMENT TO ACQUIRE SOLAR PROJECTS IN
DEVELOPMENT
IN LATVIA
    * SIGNS CONDITIONAL AGREEMENT TO ACQUIRE 100% SHARES OF A
LATVIAN
COMPANY WHICH IS DEVELOPING SOLAR PROJECTS IN LATVIA
    * TARGETED TOTAL CAPACITY OF THE PROJECTS UNDER DEVELOPMENT
WILL
REACH UP TO 300 MWP
    * PROJECTS ARE IN DEVELOPMENT WITH ESTIMATED START OF
CONSTRUCTION
IN 2024 AND COMMERCIAL OPERATION DATE IN 2025
    * TOTAL PRELIMINARY INVESTMENTS AMOUNT UP TO EUR 213 MILLION
WHICH
INCLUDES THE PROJECT ACQUISITION PRICE AND OTHER CAPEX
    * EXPECTED RETURN IS IN LINE WITH TARGET RETURN RANGE I.E.
HIGH
SINGLE-DIGIT TO LOW DOUBLE-DIGIT ON A LEVERED EQUITY BASIS

Source text:  ID:nGNELMZX6 
Further company coverage:  IGN1L.VL 
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