The company said that the move was a “consistent realisation” of its business model and that the sale had been postponed from last year. The sales, which have provided Solar Millennium with an additional earnings effect of €12 m in the current fiscal year, provide a “further improvement of the liquidity situation (that) expands leeway for future business development and the realisation of upcoming solar power plant projects,” the company said
Spanish construction and energy group ACS/Cobra had already acquired the rest of the shares in the two 50 MW projects, which were developed by Solar Millennium using parabolic trough technology.
Solar
