Sky Solar Holdings (SKYS) Enters LOI for Potential Sale of Certain Japan Assets
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Sky Solar Holdings, Ltd. Announces Potential Sale of Certain Assets Held by Sky Solar Japan
August 17, 2016 8:30 AM EDTSky Solar signs Letter of Intent to sell its interests in 152 MW of operating, under-construction, and shovel-ready solar projects in Japan, with expected consideration of JPY17 billion, subject to closing adjustmentsProceeds to be reinvested in additional solar projects in Japan, as well as other key target markets that meet Sky Solars investment return criteria.Close of transaction is subject to completion of satisfactory due diligence and approval by Solar Partnerships investment committee and execution of definitive documents.
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