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.

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