Sampension to acquire a 50% stake Saldus project in Latvia of European Energy.

Sampension, an insurance company, agreed to acquire a 50% stake Saldus project in Latvia of European Energy, a company specializing in renewable energy solutions. Financial terms are not disclosed. “This divestment is a clear example of our ability to take large-scale renewable energy projects from development through construction and into the hands of long-term institutional investors. The capital recycled from projects like Saldus enables us to expand our pipeline of wind, solar, and hybrid projects across Europe,” Jens-Peter Zink, European Energy Deputy CEO.