|THEOLIA closes sale of a 9.2 MW wind project in France (2009/10/08 6:00 PM)|
THEOLIA sold a wind project with a capacity of 9.2 megawatts (MW) to Boralex, an important international player in the field of renewable energy.
The project, located in the department of the Somme (France), will be equipped with four Enercon wind turbines each with a capacity of 2.3 MW. The construction permit is free of any third party claims. The commissioning of the site is expected during the second quarter of 2010.
Both parties have agreed not to disclose the amount of the transaction.
This disposal represents another achievement in the continuation of THEOLIA's program announced in January 2009 to sell approximately 200 MW of wind farms and projects.
THEOLIA is an independent international developer and operator of wind energy projects. THEOLIA is active primarily in France, Germany and Italy, and also in India, Brazil and Morocco. THEOLIA trades on the compartment B of Euronext Paris, regulated market of NYSE Euronext, under the symbol TEO. The THEOLIA stock is part of the CAC MID100 index.
For more information
Edward F. McDonnell
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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