Brief: Rubis Photosol Expands Activities In Europe

Rubis SCA

06/07/2023 06:36

July 6 (Reuters) - Rubis Sca  RUBF.PA :
    * RUBIS PHOTOSOL EXPANDS ITS ACTIVITIES IN EUROPE
    * RUBIS PHOTOSOL IS ALSO EXPANDING IN SPAIN AND POLAND WITH
SIGNING OF TWO CO-DEVELOPMENT PARTNERSHIPS
    * RUBIS PHOTOSOL ANNOUNCES ITS FIRST INVESTMENT IN ITALY
WITH A
PORTFOLIO OF 10 PHOTOVOLTAIC AND AGRIVOLTAIC PROJECTS TOTALING
CLOSE TO 100 MWP
    * ACQUISITION OF EACH OF THESE PROJECTS IS CONDITIONAL ON
SELLER
IB VOGT GMBH, ONE OF LEADING UTILITY-SCALE SOLAR DEVELOPMENT
PLATFORMS, OBTAINING RTB STATUS
    * INVESTMENTS FOR THE REALISATION OF THIS PORTFOLIO ARE
ESTIMATED
AT A MAXIMUM OF 100 MILLION EUROS (INCLUDING LAND ACQUISITION)
    * DEAL IS A FIRM COMMITMENT BY RUBIS PHOTOSOL TO PURCHASE 10
IDENTIFIED PROJECTS OVER NEXT 12 TO 18 MONTHS AS SOON AS THEY
REACH RTB STAGE
    * CONSTRUCTION WILL START AT END OF 2023. ALL PROJECTS IN
PORTFOLIO WILL BE COMMISSIONED IN 2025 AND 2026.
    * TAKEN AS A WHOLE, THIS PORTFOLIO OF 10 PROJECTS WILL
GENERATE
AROUND 150 GWH OF GREEN ELECTRICITY ANNUALLY
    * TAKEN AS A WHOLE, THIS PORTFOLIO OF 10 PROJECTS WILL
GENERATE
AROUND 150 GWH OF GREEN ELECTRICITY ANNUALLY
    * ALL PROJECTS IN THE PORTFOLIO WILL BE COMMISSIONED IN 2025
AND
2026

Source text for Eikon:  ID:nGNE4mTtpL 
Further company coverage:  RUBF.PA 

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