Via the sales, Solar Millennium receives the invested equity plus an additional profit, where the selling price reached millions. Following the sale of the Andasol 3 share about two weeks ago, Böhm has succeeded in increasing the prospects for Solar Millennium creditors.
The 50 MW solar plant Arenales is currently under construction near the town of Morón de la Frontera (Province of Seville/Andalusia). It was a good move to have kept work going on the project, despite the insolvency proceedings. This has laid the foundation for the now completed sale. Böhm stressed after signing the purchase contract that the sale to STEAG has enabled an ideal partnership which would ensure the continuation of the project.
The purchase agreement was signed today by a notary and is now with the banks and the responsible authorities. The completion of the licensing procedures is expected in September.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.