Edition:
India

Edisun Power Acquires 23 Mw Photovoltaic Project In Portugal


Monday, 8 Jul 2019 

July 8 (Reuters) - Edisun Power Europe AG ::SAID ON FRIDAY THAT THEY AQUIRED 23 MW PHOTOVOLTAIC CONSTRUCTION PROJECT IN PORTUGAL.THE PROJECT ALREADY IN POSSESSION OF PRODUCTION LICENSE, CONSTRUCTION EXPECTED TO BEGIN IN FOURTH QUARTER OF 2019.THE PLANT EXPECTED TO BE COMMISSIONED IN COURSE OF 2020.PLANT TO BE BUILT ON AN AREA OF 54 HECTARES BY MEANS OF UNIAXIAL OF TRACKING MODULES, AROUND 46 MILLION KWH HOURS OF ELECTRICITY ARE GENERATED ANNUALLY.PROJECT IS EXPECTED TO ACHIEVE A NET RESULT OF AROUND CHF 0.6 MLN ANNUALY.INVESTMENT TO BE FINANCED FROM EXISTING FUNDS, WITH A PROJECT FINANCING OF CHF 1.2 MILLION AS WELL AS A CAPITAL INCREASE BY MEANS OF A CONTRIBUTION IN KIND. 

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