HIGHLIGHTS Q1 2017:
Power production in the 1st quarter was 2.6 GWh.
EBITDA in the 1st quarter came in at EUR 42k, adjusted for legal costs EBITDA from the SPVs in normal operations was EUR 423k in the quarter.
6 power plants produced electricity in the 1st quarter.
The Criminal Court proceedings in Milan continued on 30 March 2017 where the Court once more confirmed the positions of the three companies, Enovos, Avelar and Aveleos, as financially liable parties for the economic damages arising from the criminal offence of contractual fraud charged against the defendants Marco Giorgi and Igor Akhmerov.
Writ delivered in the arbitration proceedings
Aveleos standstill Agreement ruling in Luxembourg
For information, please contact:
Viktor E Jakobsen, CEO, phone +47 9161 1009, viktor@eam.no
About EAM Solar: EAM Solar is a utility company that acquires and operates solar power plants. The Company currently owns solar PV power plants in Italy. The plants are operating under long-term sales contracts.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
