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    ESUN   CH0024736404

EDISUN POWER EUROPE AG

(ESUN)
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Edisun Power Europe AG: Start of construction of the 49 MW large-scale PV plant Mogadouro

12/09/2019 | 01:05am EDT

EQS Group-Ad-hoc: Edisun Power Europe AG / Key word(s): Miscellaneous
Edisun Power Europe AG: Start of construction of the 49 MW large-scale PV plant Mogadouro

09-Dec-2019 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Ad hoc press release
Zurich, December 9, 2019

Start of construction of the 49 MW large-scale PV plant Mogadouro

The 49 MW photovoltaic project in north-east Portugal bought in June 2019 received a building permit from the relevant authorities at the end of November 2019. Construction work started on December 6. Connection to the grid is planned for the second half of 2020.

The 49 MW PV facility now under construction will generate power without government subsidies or feed-in tariffs. The electricity will be sold on the market; production costs are very attractive compared to current electricity prices. A power purchase agreement (PPA) with fixed-price purchase commitments has been signed to guarantee income for the first years of operation.

The plant occupies a site of around 65 hectares in the Mogadouro region of north-east Portugal and will generate 80 million kilowatt hours of electricity annually, sufficient to supply the needs of a city of about 20'000 people for a year.

Edisun Power also expects construction work on the adjacent, second PV project with an output of 23 MW to start in the next few weeks.

For further information
Rainer Isenrich, CEO, +41 44 266 61 21, info@edisunpower.com
Reto Simmen, CFO, +41 44 266 61 29, info@edisunpower.com

Edisun Power Group
A listed European solar energy producer, the Edisun Power Group finances and operates solar power installations in a number of European countries. Edisun Power began its involvement in this sector as far back as 1997. The company has been listed on the Swiss Stock Exchange since September 2008. Edisun Power has amassed extensive experience in the realization and acquisition of both national and international projects. Currently, the company owns a total of 37 solar energy installations in Switzerland, Germany, Spain, France and Italy.



End of ad hoc announcement
Language: English
Company: Edisun Power Europe AG
Universitätsstrasse 51
8006 Zürich
Switzerland
Phone: +41 44 266 61 20
Fax: +41 44 266 61 22
E-mail: info@edisunpower.com
Internet: www.edisunpower.com
ISIN: CH0024736404
Valor: A0KFH3
Listed: SIX Swiss Exchange
EQS News ID: 930833

 
End of Announcement EQS Group News Service

930833  09-Dec-2019 CET/CEST

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Financials
Sales 2020 11,7 M 13,1 M 13,1 M
Net income 2020 3,29 M 3,67 M 3,67 M
Net Debt 2020 81,7 M 91,0 M 91,0 M
P/E ratio 2020 36,5x
Yield 2020 0,95%
Capitalization 119 M 132 M 133 M
EV / Sales 2019 14,3x
EV / Sales 2020 17,2x
Nbr of Employees 13
Free-Float 42,3%
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Managers and Directors
NameTitle
Rainer Isenrich Chairman & Chief Executive Officer
Reto Simmen Chief Financial Officer & Secretary
Fulvio Micheletti Vice Chairman
Reto Klotz Director
JosÚ Luis Chorro Lˇpez Non-Executive Director
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