Scandinavian House Development SA (“SHSA” or the “Company”) has entered into a pre-purchase agreement under Spanish law to buy a majority stake in a project company developing 5 different wind farms in the North of Spain. The projected total installed capacity amounts to 186 MW and total project value is estimated to over 200 Million EUR. Time for construction is planed to commence 2018. The wind farms will sell its electricity on market price and without any governmental subsidiaries. The project data are based on over 10 years of measurements showing an economically promising production outlook with a project IRR over 11 % (based on current assumptions on electricity and project prices)
This pre-purchase agreement is considered to be the first step of a number of collaborations and investments from Scandinavian House Development SA in renewable energy production. Negotiations are already in effect for related renewable energy production sources.
SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
Exchange: NYSE Euronext Paris
Market: Marché Libre
Symbol : MLSHD
Disclaimer; Forward-Looking Statements:
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