|THEOLIA closes sale of 100 MW wind farm portfolio to RheinEnergie (2009/08/11 6:10 PM)|
THEOLIA closed the sale today of 100.6 MW of operating assets and wind farm projects to RheinEnergie (Cologne, Germany). The signing of the deal was announced on June 29, 2009 and had been pending authorization from the German Federal Merger Office (Bundeskartellamt).
The portfolio consists of 19 wind farms in Germany with approximately 80 MW in operation and the balance expected to be commissioned by the end of the year. THEOLIA's German subsidiary will provide full operational management for the life of the individual farms.
The parties agreed not to disclose the price of the transaction.
THEOLIA will publish its first half 2009 results after the close of market on August 31, 2009.
THEOLIA is an international developer and operator of wind energy projects. THEOLIA is active in France, Germany, Italy, India, Brazil and Morocco. THEOLIA trades on the compartment B of Euronext Paris, regulated market of NYSE Euronext, under the symbol TEO. The stock is in the CAC MID100 index.
For more information
French Société Anonyme (public limited company with Board of Directors) with share capital of €39,895,207
Registered office: 75 rue Denis Papin BP 80199 - 13795 Aix-en-Provence cedex 3 - France
Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on the compartment B of Euronext Paris, code: TEO
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