Clean energy products company Acta S.p.A. (ACTA.L) Monday announced the completion of conditional sales of two photovoltaic project consents, located in Toscana and developed between 2010 and 2011, totalling 1.5 Mega Watt to its joint venture partner for its previous photovoltaic sector initiatives Fedi Impianti S.r.l for an equity interest in the range of €130,000 to €160,000.
The projects, which are financed by Fedi's existing banking facilities are expected to be installed by Fedi during the first quarter of 2012 and sold during summer of 2012.
The photovoltaic project represents a continuation of Acta's strategy, announced in September 2011, to dispose of its remaining interests in the photovoltaic sector without further commitment of capital to these activities.
Friday, the stock closed at 8.12 pence on the London Stock Exchange.
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