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Subject: Agro-PV (Solar Energy + Agricultural Production) Investment in Italy
At the Board of Directors meeting held on July 22, 2025, our company resolved to invest in a Solar Power Plant (SPP) with an installed capacity of 12 MWp, to be constructed on a 192-decare plot of land to be acquired in the Ferrara region of Italy, as part of our renewable energy investment strategy.
The planned investment will be in the form of an Agro-PV (Agriculture + Photovoltaic) model. This investment model allows for simultaneous energy generation and agricultural activities, contributing to environmental sustainability, land productivity, and the energy transition. In the planned system, the solar panels will be installed at a minimum height of 2.1 meters above the ground, thereby ensuring uninterrupted agricultural production and maintenance activities. Additionally, the system will be equipped with a sun-tracking mechanism to maximize energy efficiency.
Key highlights of the investment are as follows:
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Project Location: Ferrara, Emilia-Romagna / Italy
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Project Type: Agro-PV integrated with agricultural activities and sun-tracking system
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Installed Capacity: 12 MWp
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Estimated Annual Electricity Generation: Approximately 21,336 MWh
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Total Investment Amount: Approximately EUR 11,500,000
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Project Completion Period: 18 months
This investment represents one of our company's first Agro-PV applications in Europe within the scope of our international growth strategy and will contribute to both sustainable energy production and the effective use of agricultural lands.
Respectfully announced to the public and our investors.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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