European Energy A/S: The feed-in-tariff for the solar PV plants with a total capacity of 50.4MW constructed at Vandel, Denmark, has been determined

The Danish Transmission Authority has made its decision regarding the eligible tariff for the solar PV plants with a total capacity of 50.4 MW that were constructed and grid connected in 2015 at Vandel, Denmark, by a company owned and operated by European Energy A/S and a partner.

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All plants were connected to the grid by the end of 2015 and the Danish Transmission Authority has now decided that the plants are covered by the specific tariff scheme entitling the plants to a tariff of DKK 1,02 per kWh for the first 10 years following grid connection. The decisions are expected to contribute positively to European Energy A/S' financial position.