Galata Wind Enerji Says Galata Wind Energy Global BV's Subsidiary SunSpark GmbH Signs Agreement To Buy 2 Solar Power Plant Projects In Germany

About this update from Galata Wind Enerji A.s.

GALATA WIND ENERJİ BIST:GWIND:SAID ON WEDNESDAY SUNSPARK GMBH, A 100% SUBSIDIARY OF GALATA WIND ENERGY GLOBAL BV, WHICH WAS ESTABLISHED TO COORDINATE RENEWABLE ENERGY INVESTMENTS IN EUROPE; EXECUTES AGREEMENT WITH SELLER TO ACQUIRE OF TWO SOLAR POWER PLANT PROJECTS WITH INSTALLED CAPACITIES OF 9 MW AND 12 MW, RESPECTIVELY, IN GERMANYINTENDS TO ACQUIRE PROJECTS FOR A PURCHASE PRICE SUBJECT TO CERTAIN ADJUSTMENTS AS DEFINED IN AGREEMENT, AND TO COMPLETE TRANSFER OF PROJECTS AND ASSOCIATED CLOSING TRANSACTIONS ACCORDINGLYPROJECTS, TO COMMENCE CONSTRUCTION FOLLOWING COMPLETION OF PERMITTING PROCESSES, ARE LOCATED IN SOUTHERN GERMANY AND WILL INCLUDE DEVELOPMENT OF AGRI-PV (AGRICULTURAL SOLAR POWER) SYSTEMS AND BATTERY STORAGE UNITSWITH THE COMPLETION OF THESE ACQUISITIONS, TOTAL CAPACITY WE AIM TO REACH IN GERMANY WILL INCREASE TO 83 MW, INCLUDING 43 MW AGRI-PV AND 40 MW BESS Source text for Workspace: Further company coverage:

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