Enersense is selling its wind and solar project development business to the Finnish energy company Fortum. The transaction price consists of fixed cash price of EUR 9.25m and a variable price of up to EUR 74m, which is based on the progress of development projects and investment decisions made by Fortum. Enersense estimates a probability-weighted variable price of EUR 33m. We have estimated that the total probability-weighted value range is EUR 31-66m for the whole pipeline.

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