October 2019

VivoPower announces sale of Australian solar portfolio and additional solar contract wins

News Solar VivoPower

VivoPower announces sale of Australian solar portfolio and additional solar contract wins

Kevin Chin

We are delighted to announce that the VivoPower has sold its remaining Sun Connect portfolio of operating solar projects for A$1.6 million. Over the life of VivoPower’s investment, the sale represents a 2.0x multiple of invested capital and an unlevered IRR of 20.1% before tax.

VivoPower has also announced that its Australian critical power services business, J.A. Martin Electrical Pty Ltd, has been awarded two additional contracts for solar farm construction worth A$4.4 million.

To review a copy the announcement which VivoPower has released, please follow the link below.

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