Jade Power Announces Proposed Sale of Its Renewable Energy Asset Portfolio

TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Jade Power Trust (“Jade Power” or the “Trust”) (TSXV: JPWR.UN) is pleased to announce that its administrator, Jade Power Administrator Inc., (the “Administrator”) has, on behalf of the Trust, entered into (together with certain subsidiaries of the Trust) a binding share sale agreement (the “Purchase Agreement”) dated September 1, 2022 with Enery Power Holding GmbH (“Enery”), an Austrian-based renewable energy company with operations throughout the Czech Republic, Slovakia and Bulgaria, and an affiliate thereof (the “Purchaser”), to sell all of its renewable energy operating assets (the “Sale Transaction”) pursuant to the terms and conditions set out in the Purchase Agreement. The parties to the Purchase Agreement act at arm’s length.

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