Solon revealed that it had recently sold two of its power plants to Norwegian investment company EAM Solar. The projects hold a combined 4.6MW capacity, with the 1.5MW plant and the 3.1MW plant located in close proximity to one another. Together the installations are forecasted to generate 7,070MWh of electricity per year. Financial details surrounding the sale of the solar plants were not disclosed.
Both power plants feature dual-axis tracking systems and Solon modules with each plant already connected to the grid. The systems are eligible for subsidies under the Conto Energie II scheme and were sold to EAM Solar with a 5-year service and maintenance contract for Solon.
“We are satisfied with this opportunity to acquire high quality, high efficiency power plants, which are representative of the type of assets that EAM Solar is investing in. We look forward to working with Solon in the years forward,” says Viktor Jakobsen, chairman of EAM Solar.