Having got the restructuring plan behind it, Theolia will now concentrate its efforts on developing and building projects, the company says. It has decided to revert to its former policy of retaining some operating plant rather than selling all operating assets to raise cash for new development.
This will provide a more predictable and regular income flow, the company says. In some cases, it might also sell a minority stake in a project to outside investors.
As of May 31, the group had 264MW installed capacity on its own account and 518MW under management.
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