All 23MW will be bought in full equity by A.W. Aktina for €39.7 million. Source: Flickr/EEPail
Global independent power producer Sky Solar Holdings will sell 23MW of Grecian solar projects.
The company entered into a share purchase agreement with Cyprus’ A.W. Aktina Wind to purchase all equity in the 23MW of solar from Sky Solar’s subsidiaries in Greece for €39.7 million (US$43 million).
“We are very pleased to announce this transaction, which represents our ongoing efforts to monetize certain solar project assets to deploy in Sky Solar’s core growth areas,” said Weili Su, company CEO. “We remain committed to expanding our presence in selected markets including Japan and the US that offer the most attractive investment returns. We look forward to cultivating more successful project opportunities in the year ahead.”
The closing of the deal is subject to the usual formalities, but is anticipated to close shortly.
Feb 03 - Feb 04, 2021
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.