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100 percent takeover of MaxSolar GmbH

We announce that on 28 February an agreement was reached to sell 65 percent of the company's shares to Nature Infrastructure Capital and 35 percent to GREENVOLT. GREENVOLT holds additional rights to increase its stake in the future. The 100 percent acquisition is being carried out jointly with Nature Infrastructure Capital, GREENVOLT and the company's management team. The divestment process was accompanied by Alexa Capital, London (UK), as financial advisor.

Christoph Strasser, CEO of MaxSolar said at the signing ceremony: "The MaxSolar team is very pleased to welcome Nature Infrastructure Capital and GreenVolt, two leading companies in the renewable energy sector, as shareholders and to invest together with them further in the development of the company. We believe that the company is in a very good position to grow further and contribute to the decarbonisation of energy production in Germany. Especially in this day and age, local, independent and 100 per cent renewable energy generation is crucial. Our specialists work every day to achieve this goal."

Germany is now one of the world's most important markets for renewable energy, both in terms of installed capacity (approximately 60 GW of installed solar capacity in 2021) and in terms of the upcoming transformation of the renewable energy generation sector, including technology, suppliers, producers and consumers towards transport and heat. In addition, supportive policy targets to increase installed solar capacity to 200 GW by 2030 provide significant tailwinds for the market. Battery storage solutions are also expected to play an increasingly important role on the path to net zero emissions.

Nature Infrastructure Capital is a global private equity firm that invests in all market sectors of the global renewable energy transition, including distributed generation platforms as well as energy storage. The firm has a long-term investment mandate and seeks to invest in partnerships with leading companies in its core sectors, taking a long-term investment approach that creates value for stakeholders, citizens and communities.

Jérôme Turcotte Routhier, Managing Partner at Nature Infrastructure Capital, said: "We are proud to have the opportunity to work with the team at MaxSolar to provide clean and decentralised energy generation capacity to different regions in Germany and provide solutions to surrounding countries."

Zach Mecelis, founder of Nature Infrastructure Capital and investor, added: "Nature Infrastructure Capital is excited about the opportunity to invest alongside GreenVolt in one of the most important renewable energy markets in Europe. MaxSolar is an outstanding company. We are proud to support them in accelerating the energy transition in Germany."

GreenVolt - Energias Renováveis, SA ("GreenVolt"), a company owned by Grupo ALTRI, SGPS, SA ("ALTRI"), is active in the renewable energy sector and is a leader in Portugal in the field of electricity generation from forest biomass. With an experience of around 20 years in this segment, GreenVolt has extensive and proven technical expertise in the design, engineering, operation and maintenance of biomass power plants.

Commenting on the transaction, João Manso Neto, CEO of GreenVolt, said: "This acquisition is a very important step for GreenVolt in one of the most important renewable energy markets in the world. GreenVolt's entry into Germany through MaxSolar makes the company an important player in this market."

The completion of the company sale is subject to the approval of the German Federal Cartel Office.


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