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Through a letter of intent, Solar Partnership Capital Ltd has expressed its interest in buying out various assets from Sky Solar Holdings Ltd (ADR)(NASDAQ:SKYS). The global developer, owner, and operator of solar parks is seeking to obtain interests that it currently does not own in the 152 MW of solar Japanese projects from Sky Solar. The purchase which will cost JPY17 billion will have an attachment of certain specified liabilities that are associated with whatever project and which Solar Partnership must also respect.

With enthusiasm, Chief Investment Officer of Sky Solar, Mr. Sanjay Shrestha said that the arrangement between the two was for the best and also outlined the company’s commitment to developing the remaining projects in Japan. There are 74 MW completed solar projects and another 78 MW of solar projects are yet to be complete. Shrestha says that the company is working on a strategy of having the project’s value unlocked.

 Completion of satisfactory due diligence and execution of the agreement

On the independent basis, the duo has shown commitment towards satisfying the conditions that will put the agreement to rest. Its exaction is expected to take place on 31 August when the Letter of Intent terminates even though there is a provision of extension so long the two parties are in agreement. The Solar Partnership’s investment committee also has a big contribution towards the determination of whether or not to close the transaction.

Proceeds from the sale will be plowed back into investment but in selected opportunities within Japan’s key markets. Some of it will go into repayment of certain existing loans.

The role of Sky Solar in the development of downstream solar market

For the longest time, possible Sky Solar has been focusing on the development of projects in the larger part of Asia, South America, Europe, North America and Africa. It has a broad global reach. Some of its fundamental pillars that it holds dear towards the delivery of its work include power pricing, land availability, regulatory environments, financial access and above all the power market trends. It has already developed 276 solar parks that has an aggregate capacity of 259.1 MW.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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