THE FINANCING NEGOTIATIONS RELATING TO THE DELIVERY OF VALOE CORPORATION’S FIRST SOLAR MODULE MANUFACTURING PLANT ABROAD HAVE MADE PROGRESS, BUT HAVE NOT YET BEEN CLOSED


Valoe Corporation                     Stock Exchange Release 30 September 2015 at 19.30 Finnish time

 

THE FINANCING NEGOTIATIONS RELATING TO THE DELIVERY OF VALOE CORPORATION’S FIRST SOLAR MODULE MANUFACTURING PLANT ABROAD HAVE MADE PROGRESS, BUT HAVE NOT YET BEEN CLOSED

On 29 June 2015 Valoe Corporation announced that it had concluded the business negotiations for the first manufacturing partnership agreement with a foreign customer, but that the sale of a module manufacturing plant is subject to local financing. The financing negotiations for the delivery of a module manufacturing plant have made progress but have not yet been closed. According to Valoe’s estimation the negotiations for local financing will be closed by the end of October 2015. The company will disclose a separate release on a possible order relating to the manufacturing partnership agreement only after project financing will be secured.

Attainment of financing for the first solar module manufacturing plant abroad involves risks. It is not certain that local financing for building a solar module plant in accordance with the manufacturing partnership agreement will be secured. Should negotiations for local financing fail, the manufacturing partnership agreement and a possible order relating to it will not materialize.

 

In Mikkeli, 30 September 2015

Valoe Oyj
Board of Directors

 

For more information please contact:
Iikka Savisalo, President and CEO, Valoe Corporation
tel. +358 40 521 6082
Email: iikka.savisalo@valoe.com

 

Distribution:
NASDAQ OMX, Helsinki
Main media
www.valoe.com

 

Valoe Corporation specializes in the clean energy, especially in photovoltaic solutions. Valoe provides automated production technology for solar modules based on the company’s own technology; production lines for modules; solar modules and special components for solar modules. Valoe's head office is located in Mikkeli, Finland.