“AKTOR HOLDING COMPANY FOR PARTICIPATIONS, TECHNICAL AND ENERGY PROJECTS S.A.” (hereinafter the “Company”) informs the investment community, in accordance with Regulation (EU) 596/2014 of the European Parliament and of the Council and the Athens Stock Exchange Regulation, of the following:
“AKTOR RENEWABLES SINGLE-MEMBER SOCIETE ANONYME”, a 100% subsidiary of the Company (the “Purchaser”), signed today a binding memorandum of understanding (“Memorandum of Understanding”) with DEPA COMMERCIAL Single-Member Societe Anonyme (“DEPA” and jointly the Purchaser and DEPA as the “Parties”) regarding the intended acquisition by the Purchaser of a 51% stake in a portfolio of projects which are being developed through the companies holding them and which include (“Portfolio”):
- (a) hybrid renewable energy projects, combining photovoltaic power generation stations with a total installed capacity of 221.1 MW with battery electricity storage systems, with a maximum injection capacity of 221.1 MW, for which Environmental Terms Approval Decisions have been obtained and applications have been submitted for the granting of Final Connection Offers with respect to the photovoltaic power generation stations (“Group A” of the Portfolio), and
- (b) standalone battery electricity storage projects, with a total maximum injection capacity of 250 MW in Greece, for which Environmental Terms Approval Decisions/Standard Environmental Commitments have been obtained (“Group B” of the Portfolio), while the remaining 49% of the Portfolio will be retained by DEPA, with the aim of the joint development of the Portfolio by the Parties.
The signing of the definitive transfer agreements for the above percentage of the companies developing the Portfolio projects and the subsequent completion of the Transaction are subject to the usual conditions precedent for transactions of this kind, including any approvals and consents of third parties and Authorities, and is expected to be completed within the fourth quarter of 2026, while the further development and implementation of the Portfolio projects depends on securing the required connection terms and the completion of the prescribed licensing procedures.
Provided that connection terms are secured for all the Portfolio projects, upon their full development and construction the total amount of the investment for 100% of the Portfolio is estimated overall at approximately €370 million, which is expected to be covered by a combination of equity and financing. The implementation period of the investment is estimated at around 18-24 months after securing the connection terms.
The above Transaction falls within the framework of implementing the Company’s development planning in the energy sector as has been disclosed to the investment community, and is expected to contribute to the achievement of the national targets for the energy transition.
The Company will keep the investment community informed of any development that creates a disclosure obligation in accordance with Article 17 of Regulation (EU) 596/2014, the decisions of the Board of Directors of the Hellenic Capital Market Commission and the Athens Stock Exchange Regulation.