The total price of the sale is €39.7 million (US$43 million). Aktina Wind will pay €37.8 million up front and take on specified liabilities associated with the projects worth €1.9 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, says Weili Su, Sky Solar CEO. “We remain committed to expanding our presence in selected markets including Japan and the U.S that offer the most attractive investment returns. We look forward to cultivating more successful project opportunities in the year ahead.”
Sky Solar has been active in Greece’s PV market since 2012, and last year announced plans for further investment in Japan.