ELPE: Acquisition of RES projects 37.2 mw for € 85 million.

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ELPE announced, in the context of the implementation of its strategy for development in the RES sector, the signing of binding contracts for the acquisition by the fully subsidiary of ELPE RENEWABLE SA, “ELPE RENEWABLE WIND PARKS EVON SA. , of the companies “WIND ENERGY OF EVIA SA.” and “WIND ENERGY PEARS SA”.

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According to the relevant announcement, the wind farms, with a total capacity of 37.2 MW and an operating rate of over 40%, are located in South Evia and are already in operation from October 2018 and December 2019 respectively. The total price for 100% of the shares of the two companies amounts to € 85 million.

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PricewaterhouseCoopers Business Solutions SA (PwC) acted as the exclusive financial advisor of ELPE RENEWABLES SA, while the law firm Karatzas & Associates acted as legal advisor.

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Source From: Capital

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