SALE OF TWO WIND POWER PLANTS FOR A TOTAL INSTALLED CAPACITY OF 20 MW (AcT)

Aix-en-Provence (France), August 2, 2016. Global EcoPower (Alternext - FR0011289198 - ALGEP), reports the sale of two wind farms for a total installed capacity of 20MW to the German investment group LHI.

According to its development strategy, GEP Group has carried out the turnkey sale of two wind farms to the same client, the German group LHI based in Munich:

• A wind farm of 10 MW in the municipalities of Nozay, Vay and Marsac-sur-Don in the department of Loire-Atlantique (44). On June 10, 2016, Investeole SA (owned 99.98% by GEP) sold 100% of the shares of the SPV company Parc Eolien de La Vallée du Don to the German group LHI. As a reminder, the plant consists of five Gamesa G90 turbines with a hub height of 100 meters and a unit capacity of 2 MW. The grid connection of the plant took place on December 1, 2015.

• A wind farm of 10 MW in the municipalities of Seuil and Mont-Laurent in the department of Ardennes (08). On July 28, 2016, Global EcoPower sold its 60% stake in the SPV company Parc Eolien de Seuil Mont-Laurent to the same client.

As a reminder, the plant consists of five Vestas V90 turbines with a hub height of 78 meters and a unit capacity of 2 MW. The grid connection of the plant took place on May 25, 2016.

GEP will continue to operate the two plants on behalf of its client LHI in the framework of a contract with recurring revenues over 15 years.

For the record, GEP had acquired the rights of both projects from its own equity and organized the establishment of the bank financing for each SPV. GEP then proceeded to the turnkey construction of both plants and supervised their grid connection and commissioning.

The cash generated by these two sales will enable the Group to position itself on new acquisition opportunities. The debt associated with the SPVs will disappear from the Group's consolidated financial statements along with the sale of the SPVs shares.

Global EcoPower is an Aix-en-Provence based company and a “turnkey” constructor of power plants using renewable energies, wind and solar power.

GEP is listed on the NYSE Alternext Paris Market of NYSE

Euronext

(ISIN code: FR0011289198 - mnemo: ALGEP).

GEP is eligible for PEA-PME.

ACTUS finance & communication
Vivien FERRAN - Press Relations - Tél. : 01 53 67 36 34 - vferran@actus.fr

Source : Actusnews