EMSOLT INVESTMENTS

We are pleased to announce a strategic partnership between our subsidiary, DEFIC Globe Enerji A.Ş. (Defic Globe), in which Emsolt Group holds a 49% stake, and Shanghai Electric Power Co. Ltd. (SEP). Following the approval by the Romanian Competition Authority, SEP—a leading Chinese energy investment company—has acquired a 75% share in two project companies with a combined installed capacity of 129 MWp. Defic Globe retains a 25% stake, with the option to increase it to 30%. Originally developed by Emsolt, the two solar power projects in Romania, with a total capacity of 129 MWp, will now advance under the joint leadership of SEP and Defic Globe. The shareholder agreement, signed on October 18, 2024, brings SEP’s considerable expertise—supported by its energy production capacity of 22,400 MWh as of 2024—into the Romanian market. This partnership highlights Romania’s emerging role as a hub for green energy investments and supports the country’s broader goals of sustainable development and energy diversification. Turnkey services, including engineering, high-voltage substation installation, and the construction of power transmission lines, will be executed by Defic Globe, leveraging Emsolt’s proven track record in delivering complex renewable energy projects. The total value of these services is EUR 65.8 million. Our commitment to quality and efficiency ensures that construction will begin shortly and proceed to the highest standards. This agreement marks a significant milestone in Defic Globe’s strategic plan to achieve 1 GW of renewable energy capacity by 2030. It further solidifies our reputation for leading ambitious infrastructure initiatives and strengthens our position in the global renewable energy market. By combining Emsolt’s project development expertise with SEP’s extensive resources, this partnership accelerates our growth trajectory while contributing to Romania’s renewable energy landscape. #solarenergy #renewableenergyromania #renewableenergychina #solarenergyromania #solarenergychina #Emsolt #DeficGlobe #ShangaiElectric #YEO

Our subsidiary, Defic Globe Enerji A.Ş., in which Emsolt holds a 49% stake, has entered into a partnership agreement with Shanghai Electric Power Co. Ltd. (SEP), one of China’s leading energy investment groups, with an installed capacity of 22,400 MW. The agreement focuses on the construction of two solar power plants in Romania, with a combined capacity of 129 MWp, and has the potential to significantly impact the global renewable energy landscape. Under the terms of the agreement, 75% of Defic Globe's shares will be transferred to SEP, with the remaining 25% retained by Defic. Additionally, Defic has the option to increase its stake from 25% to 30%. The scope of the partnership also includes engineering services, the development of high-voltage transformer stations, and the construction of transmission lines, all of which will be managed on a turnkey basis by our Group companies. With a target of reaching 1 GW of capacity by 2030, Defic Globe is making significant strides towards becoming a global player with a diverse geographical presence and operational capacity, while contributing to the expansion of turnkey services in the renewable energy sector.

Thank you DHB Bank! We are grateful for your contribution to our latest solar project of 7.4MWp in Bressena, Italy. #Sustainability #RenewableEnergy #SolarEnergy #GreenEnergy #CleanEnergy #SustainableFinance #EnergyTransition #ClimateAction #Innovation #FutureOfEnergy #DHBBank #Emsolt #Defic

We are delighted to announce a significant milestone for Emsolt and our valued partner, YEO. Under the DEFIC Globe initiative, we have successfully installed a 7.4MW solar energy project in Bressana, Italy. The construction is now fully completed and will be connected to the grid in August 2024. This project exemplifies our dedication to advancing renewable energy solutions and fostering environmental sustainability. Our partnership with YEO ensures that we bring the best expertise and innovation to this project, reinforcing our shared vision of a greener future. We are also grateful for the support of DHB Bank, one of our key partners, whose backing has been instrumental in bringing this ambitious project to fruition. This initiative represents more than just an investment; it highlights the power of collaboration and a collective vision for sustainable progress. Together, we are lighting up the future with clean, renewable energy and making significant strides toward a sustainable world. #Sustainability #RenewableEnergy #SolarEnergy #GreenEnergy #CleanEnergy #SustainableFinance #EnergyTransition #ClimateAction #Innovation #FutureOfEnergy #DHBBank #Defic #DeficGlobe #Emsolt #Yeo #YEOTK #EmsoltInvestmentsBV