S.A.G. Solarstrom AG has successfully concluded the sales process of the North Italian 48 MWp project. The Solarpark has been sold to a company of the BNP Paribas Clean Energy Partners pursuant to a sales agreement signed on December 31, 2011.
The purchase value, in the three-digit million Euro range, has been paid today, while at the same time the transfer of the project company’s shares to the company of the BNP Paribas Clean Energy Partners has been certified by notary.
After the settlement of payables and repayment of the project bridging loan granted by the Deutsche Bank Group in the amount of approximately €80 million, S.A.G. Solarstrom AG will today receive liquid funds of over €50 million.