Within the scope of the Share Purchase Agreement (|||Agreement|||) executed on April 8, 2025, with the Sellers for the purpose of acquiring the shares of two companies incorporated in Italy, namely Montescaglioso 1 S.r.l. (Palmori Project) and Ferrandina 14 S.r.l. (Troia Project), the conditions and closing requirements stipulated in the Agreement have been fulfilled. Accordingly, the share transfer transactions have been completed through Solevento Investments S.R.L., an Italian subsidiary of our wholly owned affiliate, Galata Wind Energy Global BV.
The acquired companies hold ready-to-build PV solar power plant (SPP) projects located in the Puglia region of Italy, with a total installed capacity of 9 MW (3 MW and 6 MW, respectively).
These projects are expected to make a significant contribution to our strategic goal of becoming a global player and are aligned with our international investment vision to commission 300 MW capacity abroad between 2025 and 2027. With the completion of the acquisitions mentioned in this disclosure, our total targeted capacity in Europe is projected to reach 92 MW, consisting of 52 MW of PV SPP and 40 MW of BESS (battery energy storage systems).
This statement has been translated into English for informational purposes. In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the Turkish version shall prevail.
