Eolus Sells Mid-Stage Solar and BESS Project in the United States for up to USD 6.5 Million
Eolus has signed an agreement to sell a mid-stage solar PV and battery energy storage project in the United States to an undisclosed American renewable energy developer and operator. Total expected revenues are up to USD 6.5 million, with USD 2.0 million received at signing and up to USD 4.5 million payable on project milestones.
Transaction date: · Source: eolus.com
Key facts
- Transaction date
- Technology
- Solar PV, Battery Storage (BESS)
- Transaction price
- 5.9 million (currency as reported in the source)
- Seller
- Eolus
- Country
- United States
- Continent
- North America
- Development status
- Under Development
- PPA
- n.a.
Technology details
Mid-stage solar PV and battery energy storage project. Buyer acquires all project rights. Capacity and location not disclosed.
Additional information
Total expected revenues of up to USD 6.5 million (approx. EUR 5.9 million): USD 2.0 million received at signing, with remaining up to USD 4.5 million payable upon achievement of project milestones. Payment received expected to have a positive impact on EBIT and cash flow in Q3 2026. Buyer is an undisclosed American renewable energy developer and operator.
Source
Original announcement: https://www.eolus.com/en/blog/mfn_news/eolus-sells-mid-stage-u-s-solar-and-battery-project/