VivoPower announces sale of Australian solar portfolio and contract wins

Solar panels

VivoPower is pleased to announce that it 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.

The company is equally gratified 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 of the VivoPower announcement, please click here.

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