Wednesday, February 23, 2011

Solargenix Energy Sells Its 45% Ownership Stake in Acciona Solar Power, Inc to ACCIONA Energy

SANFORD, N.C.--(BUSINESS WIRE)--Solargenix Energy and ACCIONA Energy announce that effective February 18, 2011, Solargenix has sold its 45% ownership stake in Acciona Solar Power, Inc. to ACCIONA Energy. With this transaction, ACCIONA Energy becomes the 100% owner of Acciona Solar Power, Inc. Terms of the sale were not made public. Both Solargenix and ACCIONA Energy announce that they each intend to pursue the concentrating solar power (CSP) business independently in the future.
Contacts

Solargenix Energy
Thomas Brennan, 919-774-4000

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