NSE completes takeover of German solar farms

NSE completes takeover of German solar farms

Dutch renewable energy firm New Sources Energy (AMS:NSE), or NSE said Tuesday it had completed the purchase of three solar farms in Germany.

The transactions, whose financial terms remained undisclosed, were approved by NSE's shareholders already in 2015 and involve solar parks Kleinschwabhausen, Breitenbach and Niepars. The facilities have an installed capacity of 1,015 kWp, 1,330 kWp and 955 kWp, respectively.

NSE expects that the new assets will immediately contribute to a positive operating result.

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