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Published: 2017-03-02 17:08:51 CET
European Energy A/S
Inside information

European Energy A/S: Term sheet signed for the conditional sale of a wind farm in Italy with a capacity of 20 MW

Company announcement 3/2017

The European Energy Group today signed a term sheet with a German investor for the negotiation of a binding agreement for the sale of a wind park in Italy with a total nameplate capacity of 20 MW.

The European Energy Group owns in total 50 % of the wind farm to be sold, which has been in operation since the beginning of 2017. The wind farm consists of a total of 10 Vestas V110-2MW turbines.
 
The term sheet sets out the main conditions for the sales agreement, which is expected to be exclusively negotiated and signed in Q2 2017. Closing of the sales agreement will be subject to a number of customary conditions precedent, including long-term project financing of the project being in place.
 
Completion of the envisaged sale will contribute positively to European Energy A/S's financial position.
 
Contact information:
European Energy A/S
Jens-Peter Zink, chairman of the board
jpz@europeanenergy.dk
ph. + 45 2047 8220

This announcement has been made in accordance with the market abuse regulation (regulation (EU) no. 596/2014 on market abuse).