EAM Solar ASA (DE:EA2) has released an update.
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EAM Solar ASA has received formal approval for the reinstatement of subsidies for its ENFO 25 solar power plant, with a reduction in the original subsidy rate leading to a back payment of approximately EUR 700,000. The annual gross income for ENFO 25 is projected to increase by around NOK 2.8 million until 2031, following a statutory amnesty regulation for solar plants in Italy. The financial adjustments are expected to be completed in the fourth quarter of 2024.
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