Greentech sells its 50% stake of the Wojciechowo project to PGE Energia.
1/24/2013 11:12 AM EST
Greentech Energy Systems A/S
Company Announcement
Greentech sells its 50% stake of the Wojciechowo project to PGE Energia.
Copenhagen, 24 January 2013
Company Announcement No 2/2013
Today Greentech sold its 50% stake of the Wojciechowo project in Poland to PGE
Energia Odnawlalna S.A., the most important company in the Polish energy
sector. The wind project, which has been developed by Eolica Wojciechowo Sp. z
o.o , will consist of 14 turbines with a total capacity of 28 MW. Following the
sale, PGE Energia Odnawlalna S.A. holds 100% ownership of the project.
The transaction price paid to Greentech for the 50% stake is EUR 3,665,372 of
which:
a) EUR 3,050,000 as share sale price;
b) EUR 615,372 as shareholder loan repayment.
Greentech’s chairman Peter Høstgaard-Jensen comments: “We will continue
investing in Poland, a country full of important opportunities in the renewable
sector in which we strongly believe and where we still have a pipeline of more
than 260 MW. The ownership of 50% of the Wojciechowo project would not have
given us the opportunity to consolidate and to run the project. This is the
reason why we have decided to sell it to our excellent partner PGE Energia
Odnawlalna S.A. in order to focus efforts and resources on industrial
investments rather than on financial”.
For further information, please contact:
Sigieri Diaz della Vittoria Pallavicini, CEO, tel: +45 33 36 42 02
Peter Høstgaard-Jensen, Chairman of the Board of Directors, tel: +45 40 10 88 71