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A Share Purchase and Sale Agreement ("Agreement") dated 14.08.2024 was signed between Galata Wind Energy Global B.V., the foreign subsidiary of our Company, and Emirhan Nacar ("Seller"), the sole shareholder of Nova Grup Enerji Yatırımları A.S. ("Nova") and Avrupa Grup Enerji Yatırımları A.S. ("Avrupa"), for the acquisition of all registered shares representing 100,00% of the capital of Nova and Avrupa by Galata Wind Energy Global. In the Agreement, the realization of the share transfer is subject to the completion of the closing conditions, including obtaining the necessary permits and approvals, as of the closing date, and it was seen that the closing conditions were completed as of the signature date, and the signature of the agreement and the closing transactions were realized simultaneously.
Nova and Avrupa have pre-licenses granted by the Energy Market Regulatory Authority for a solar power plant with storage in Ankara province with a total installed capacity of 60 MWm / 60 MWe. These projects will make a significant contribution to our Company's goal of reaching 1000 MW installed capacity by 2030, and the estimated start date of the projects is expected to be after 2026.
Developments on the issue will be shared with the public.
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.
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