Greentech sells its 50% stake of Wormlage and Tiefenthal wind plants to Nordenergie A/S.
Copenhagen, 18 June 2015
Company Announcement No. 8/2015
In the context of the continuous improvement of its activities, Greentech has decided to sell its interest in the German joint-ventures to the current co-shareholder Nordenergie A/S, a subsidiary of Brancor Capital Partners ApS.
The closing of the transaction took place today for Wormlage and should take place during July 2015 for Tiefenthal.
The two wind farms combined consist of 9 turbines with a total capacity of 13.5 MW.
The total price of the transaction for the 50% stake of the two plants is EUR 4,379,401.
Greentech’s chairman Peter Høstgaard-Jensen comments: “The ownership of 50% of the Wormlage and the Tiefenthal wind plants does not give us the opportunity to consolidate and to create additional value to our assets. This is the reason why we have decided to sell it to our excellent partner Nordenergie A/S, in order to focus efforts and resources on different opportunities”.
The Board of Directors
| For further information, please contact: Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel: +45 40 10 88 71 Alessandro Reitelli, CEO, Tel: +45 33 36 42 02 |