[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

In line with our goals stated in our Strategy Report published on the Public Disclosure Platform on 05.09.2023;

Regarding the investments and collaborations required for the solar panel production facility, cell production facility and SPP projects planned to be built in Europe; The Council of Ministers of the Republic of Bulgaria has approved a Memorandum of Understanding with Smart Solar Technologies AD, a 100% subsidiary of our Company established in Bulgaria, for the implementation of the priority investment project "Solar panel and solar cell production factory". With this document, our mentioned subsidiary has been designated as a "priority investor" in Bulgaria and the European Union.

When the investments that will start within 3 years such as solar panel production facility, solar cell production facility, Solar Energy Power Plant, etc. worth 240.000.000 Bulgarian Lev (approximately 122,000,000 Euro) in the Stara Zagora region The Bulgarian authorities will allocate to our subsidiary 160,000 m2 of land, central treatment, main road connections in the first stage and in addition; between 2026 and 2029, a total of approximately 66,000,000 Bulgarian Lev (approximately 34,000,000 Euro) will be given as a cash contribution to investment in the form of a grant. As the investments are implemented, additional incentives may be received after applying to the Bulgarian authorities and the European Union for additional incentives and will be shared with the public.