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Energiekontor AG: Successful go-ahead for the realisation of the largest solar park project in the Company's history

Press Release July 11, 2023

Bremen, 11 July 2023 - SDAX-listed Energiekontor AG (ISIN DE0005313506), one of Germany's leading project developers and operators of wind and solar parks, has successfully reached financial close on the Letschin solar park project, marking the go-ahead for the realisation of the park, which will be the largest solar park project in the Company's history to date.

The Letschin solar park with a planned total generation capacity of around 60 MWp will be built in the district of Märkisch-Oderland in the federal state of Brandenburg. With a total area of around 55 hectares, the Letschin solar park is roughly the size of sixty-five football pitches. From the first full year of operation, the solar park will generate around 68 GWh of green electricity annually. This is enough to cover the average annual electricity demand of around 22,000 households and thus contributes to saving more than 50,000 tonnes of CO2 per year. Energiekontor is thus actively driving forward the energy transition in Germany and making an essential contribution to a climate-friendly, independent and affordable energy supply for tomorrow. The Letschin solar park has a long-term private power purchase agreement (PPA) with a well-known German industrial company. Construction of the solar park is scheduled to begin during the third quarter of 2024, with commissioning currently scheduled for the first quarter of 2025. Current planning is to transfer the solarpark into the company’s own portfolio after successful commissioning.

"With the successful go-ahead for the Letschin solarpark project, we are consistently implementing our strategic goal of expanding the solar segment," says Peter Szabo, CEO of Energiekontor AG. "Our project pipeline in the solar segment is well filled. In Germany alone, we currently have the option to further develop solarparks with a total generation capacity of around 170 and to bring them into the construction phase by the end of this year. Also in France, we have already submitted the first applications for the approval of three solarpark projects with a total generation capacity of over 55 MWp. With the consistent transfer of operational solarparks into our own portfolio, we are not only pursuing what we have promised, namely the further expansion of the Group’s own wind- and solarpark portfolio, but also contribute to the future stabilisation of income from the power generation segment. Currently, income in this segment still is largely determined by the wind levels in the respective financial year," Szabo continues.

About Energiekontor AG:
A solid business policy and a lot of experience in renewable energies: This is what Energiekontor has been committed to for more than 30 years. Founded in Bremerhaven in 1990, the Company is one of the pioneers in the industry and is now one of Germany's leading project developers. Its core business ranges from the planning and construction to the operational management of wind and solar parks in Germany and abroad. In addition, Energiekontor operates wind and solar parks with a nominal output of over 380 megawatts in its own portfolio. Energiekontor AG also aims to play a pioneering role in economic terms and to realise the first wind and solar parks in all target markets at market prices as quickly as possible, independently of state subsidies.

In addition to its headquarters in Bremen, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Augsburg, Bernau bei Berlin, Potsdam, Berlin-Spandau and Hildesheim. The Company also has offices in England (Leeds), Scotland (Edinburgh, Glasgow), Portugal (Lisbon), USA (Houston/Texas and Rapid City/South Dakota) and France (Toulouse, Rouen).

The proud record of accomplishment since the Company was founded: Over 150 realised wind and solar park projects with a total generation capacity of more than 1.3 gigawatts. This corresponds to an investment volume of over 1.8 billion euros.

Energiekontor AG (WKN 531350/ISIN DE0005313506/General Standard) is listed on the SDAX of the German Stock Exchange in Frankfurt and can be traded on all German stock exchanges.

Energiekontor AG

Till Gießmann
Head of Investor & Public Relations
Phone: +49 (0)421 3304-126
E-mail: till.giessmann@energiekontor.com