SPI Energy to pay EUR 45M in settlement agreement with SINSIN
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 10 2025
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Settlement Agreement Details: SPI Energy has reached a settlement with SINSIN Europe Solar Asset Limited Partnership, agreeing to pay EUR 45 million in three installments to resolve disputes from a 2014 share sale and purchase agreement. This includes releasing funds from the company's Greek SPVs and dismissing all related legal proceedings.
Impact on Renewable Energy Portfolio: Upon full payment of the settlement, SPI Energy will reintegrate eight solar projects previously deconsolidated in 2017, significantly enhancing its renewable energy capacity from 17.51 MW to over 44 MW and generating expected annual revenue of EUR 8-10 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
