Airtificial Intelligence Structures, S.A. (BME:AI) has confirmed that it is holding talks to sell a photovoltaic plant in El Salvador for an approximate amount of EUR 6 million, as a commitment to the viability plan that supports the financial aid of EUR 34 million that the company received from the Company. State of Industrial Holdings (SEPI). As confirmed by Airtificial this May 4, 2022 in a statement sent to the National Securities Market Commission (CNMV), the shares representing the capital of Ecoenergy, a company that owns the 6.3 megawatt (MW) plant, “are cataloged on the balance sheet as an asset held for sale.

The operation is part of SEPI's rescue of the company last November, when the state holding company granted the company a participating loan of EUR 17.34 million and an ordinary loan of EUR 16.66. Airitificial has indicated that the operation must have a waiver from SEPI, which has already been requested. The amount obtained by the group from the disposal of the photovoltaic plant will be obligatorily used for the early amortization of the refinanced debt.

The percentage will be 25% if the sale takes place in 2022, 40% in 2023, 60% in 2024 and 75% in 2025.