24th May 2016 07:36
LONDON (Alliance News) - Renewable energy generator and supplier Good Energy PLC said Tuesday it has sold one of its solar sites in Kent for a profit to a member of the Trina Solar group.
Good Energy said the 4.65 megawatt solar site at Wrotham near Maidstone, which is not yet operational, has been sold for a net profit of between GBP430,000 to GBP480,000, which the company said was in line with its profit expectations.
Trina Solar, a Chinese company located in the province of Jiangsu, with numerous branches in the US, Europe and Asia, was successful in its bid for the solar asset under a tender process.
"The proceeds of the transaction will be used for the ongoing development of our generation portfolio. Good Energy continued to invest in and develop generation assets in 2015, successfully gaining consent for three sites and building four solar farms, increasing generation capacity of the group to 48.0 megawatts," said Juliet Davenport, the founder and chief executive of Good Energy.
"The outlook for the full year financial performance remains in line with current market expectations for 2016," she added.
Good Energy shares were untraded Tuesday morning, last trading at 218.50 pence per share.
By Joshua Warner; [email protected]; @JoshAlliance
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