Main activity in the second quarter was the finalization of the negotiations and due diligence of the P31 portfolio. The final agreements for the purchase were signed on the 26th of June.
Q2 power production was 3,28 GWh, 7% above seasonal average, bringing first half year production to 4,8 GWh equivalent to 2% above normal for the period (excluding P31 power plants).
Reported EBITDA in the quarter was EUR 607k, adjusted for P31 acquisition costs, EBITDA was EUR 868k. Slightly higher cost of operations in the quarter is related to maintenance.
See enclosed short summary report for further details.
EAM will issue a full Q2'2014 report in the coming days.
For information, please contact:
Viktor E Jakobsen, Executive Director, phone +47 9161 1006, viktor@eamsolar.no
Audun W. Iversen, CEO, phone +47 916 16 250, audun@eamsolar.no
