Sky Solar Holdings, Ltd. (SKYS) Announces Letter of Intent to Sell Assets Held by Japanese Subsidiary
In a recent news release, Sky Solar Holdings, Ltd. (NASDAQ: SKYS), a leading global developer and operator of solar parks, announced its entry into a letter of intent with Solar Partnership Capital Ltd. (“SPC”) through which the latter intends to acquire interests in 152 MW of solar projects from Sky Solar Japan K.K. (“SSJ”). All related projects are classified as operating stage, under-construction, or ‘shovel-ready’. According to the terms of the agreement, SPC has agreed to assume a collection of specified liabilities associated with the SSJ solar projects in exchange for a total purchase price of roughly $165 million. Proceeds…