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Brief: Onde And Partner Sell Renewable Energy Projects To Orlen Unit For About 62 Mln Zlotys

BRIEF-Onde And Partner Sell Renewable Energy Projects To Orlen Unit For About 62 Mln Zlotys

- Onde SA ONDP.WA:

  • ALONGSIDE NEO ENERGY GROUP SIGNS DEAL TO SELL 100% OF SHARES IN SOLAR KAZIMIERZ BISKUPI AND KWE TO ORLEN NEW POWER FOR ABOUT 62.1 MILLION ZLOTYS

  • ESTIMATES ITS 50% SHARE OF BASE TRANSACTION PRICE AT ABOUT 38.6 MILLION ZLOTYS

  • AS PART OF TRANSACTION SIGNED CONSTRUCTION CONTRACTS FOR BOTH FARMS WORTH A TOTAL OF 437.2 MILLION ZLOTYS NET, NOW IN FORCE

  • CONSTRUCTION CONTRACTS INCLUDE BOP AGREEMENT WITH KWE FOR WIND FARM AND EPC AGREEMENT WITH SOLAR KAZIMIERZ BISKUPI FOR SOLAR FARM

  • ALSO SIGNED TWO-YEAR MAINTENANCE CONTRACT FOR SOLAR AND WIND FARMS, EXCLUDING TURBINE MAINTENANCE, WORTH A TOTAL OF 5.6 MILLION ZLOTYS NET

Source text

Further company coverage: ONDP.WA


(Reporting by Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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