THEOLIA sold a wind portfolio in France with a capacity of 47 megawatts (MW) to Boralex, a Canadian company.
The portfolio consists of:a wind farm in operation since December 2006, located in the department of Côtes d'Armor with a capacity of 7 MW, a wind project located in the department of Seine-Maritime with a capacity of 30 MW, a wind project located in the department of l'Eure-et-Loir with a capacity of 10 MW.
For both wind projects, the construction will be managed by THEOLIA France; their commissioning is expected by mid-2010.
Both parties have agreed not to disclose the amount of the transaction.
Marc van't Noordende, CEO of THEOLIA, said: "Thanks to this sale, THEOLIA exceeds its target announced at the beginning of this year to sell 200 MW of wind projects and assets in 2009".
THEOLIA is an independent international developer and operator of wind energy projects. THEOLIA is active primarily in France, Germany and Italy, and also in India, Brazil and Morocco. THEOLIA trades on the compartment B of Euronext Paris, regulated market of NYSE Euronext, under the symbol TEO. The THEOLIA stock is part of in the CAC Small 90 index.
For more information
Edward F. McDonnell
Director of Investor Relations
Tel: +33 (0)4 42 906 594
French Société Anonyme (public limited company with Board of Directors) with share capital of €39,895,207
Registered office: 75 rue Denis Papin BP 80199 - 13795 Aix-en-Provence cedex 3 - France Tel: +33 (0)4 42 904 904 - Fax: +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on the compartment B of Euronext Paris, code: TEO
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