The transaction will contribute positively to earnings in 2015 by approx. SEK 4.4 to 8.0 million (US$533,000 to $970,000) depending on the outcome of the additional consideration and strengthen Arise’s cash position by at least approx. SEK 43 million(US$5.2 million) including the release of project financing reserve accounts. Furthermore, approx. SEK 72 million (US$8.7 million) of project financing debt, including the cancellation of an interest rate swap, has been repaid as part of the transaction.
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.