Nordic Financials ASA — Environmental & Social Information 2023

Jul 13, 2023

Aega secures exclusivity for 1 MW New Build Project in Lazio

Aega secures exclusivity for 1 MW New Build Project in Lazio

13 July 2023

Aega ASA (Aega) has through a fully owned subsidiary, secured exclusivity to purchase a ready to build greenfield project in Lazio. Along with the authorisation, Aega will purchase the entire plot: 52,000 square meters of which ca. 16,500 will be dedicated to the new PV park, while the rest of the land may represent an opening for future opportunities. All necessary authorisations are expected to be in place within the end of October 2023.

“This transaction will represent another milestone for Aega as we are entering projects with a potential infinite life span, without subsidies, a condition made possible by the drastic cost decrease of PV technology and the parallel increase of energy demand in Italy. Our existing and long-standing O&M partner PS&M, represented by its founder Mr. Giulio Proietti Paoloni, will oversee the entire building process to secure a thorough execution at state-of-the-art standards.” Says Nils P. Skaset, CEO of Aega.

The park will be located in Montalto di Castro (Lazio), a municipality with the highest concentration of large-scale PV plants in Italy, due to its favorable microclimate and a constructive approach historically shown by its local authorities.

“With this project we will be able to increase our installed capacity and further diversify our portfolio, both when it comes to assets and production lifetime. It will be our tenth park in our current portfolio. I am very satisfied that this opportunity is cultivated, and pleased to see that our team is able to operate efficiently both in the secondary market and now in the market for new builds.” Skaset concludes.

Aega will revert with additional information about price, costs, and timeline at a later stage, when ready to build status is achieved.

For further information please contact

Nils Petter Skaset

CEO of Aega ASA

tel: +47 951 88 154

e-mail: ceo@aega.no

About AEGA

Aega ASA is a Norwegian listed energy company. Aega focuses on acquisitions of smaller existing solar parks in Italy. In addition to being an industrial player in Italy, Aega also considers financial investments within the renewable energy sector.