August 1, 2019 / 10:18 AM / 4 months ago

BRIEF-Photon Energy Sells Its 25% Stake In Australian Suntop 1 Project

August 1 (Reuters) - Photon Energy NV:

* SAID ON WEDNESDAY that it HAS SOLD ITS 25% STAKE IN SPV SUNTOP SOLAR FARM TO CANADIAN SOLAR INC.

* SAID SUNTOP SOLAR FARM HOLDS ALL PROJECT RIGHTS AND HAS OBTAINED DEVELOPMENT APPROVAL FOR THE 189 MWP PV POWER PLANT PROJECT IN SUNTOP, AUSTRALIA

* SAID THE TRANSACTION IS EXPECTED TO BE CLOSED AT THE END OF Q3 2019

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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