MARGÜN ENERJİ ÜRETİM SANAYİ VE TİCARET A.Ş.

A production license was granted to Soleil Yenilenebilir Enerji A.Ş., a 100% subsidiary of Margün Enerji Üretim Sanayi ve Ticaret A.Ş., under the decision of the Energy Market Regulatory Authority (EMRA) dated 30.07.2020 and numbered 9476-15. Issued in accordance with the Electricity Market Law No. 6446 and related legislation, the license allows the Özmen-1 Solar Power Plant (SPP) project in Muğla Province to operate for a period of 49 years starting from 30.07.2020. In accordance with Laws No. 5346 and 6094, under this license, the electricity produced has been sold under a government purchase guarantee at a price of 13.3 USD cents/kWh for 10 years, starting from the temporary acceptance date of 23.10.2020.

According to the "Regulation on Storage Activities in the Electricity Market" published on 19.11.2022, a provision has been added stating that legal entities holding a production license can establish integrated storage units for licensed production facilities. Within the scope of the relevant provision, an application was submitted to the Energy Market Regulatory Authority (EMRA) as of 08.11.2023 to establish a 2.064 MWh integrated storage unit for the Özmen-1 Solar Power Plant (SPP) project, which has an installed capacity of 20.17 MWh.

For the establishment of the integrated storage unit, an opinion was requested from the Ministry within the scope of the Environmental Impact Assessment (EIA) Regulation. The Muğla Provincial Directorate of Environment, Urbanization, and Climate Change informed our company that the Özmen-1 Solar Power Plant (SPP) project is exempt from the provisions of the EIA Regulation regarding the establishment of the Electricity Storage Facility.

Our application for the amendment of the Production License to establish a 2.064 MWh capacity integrated storage unit for the Özmen-1 Solar Power Plant (SPP) project was approved. This decision was notified to our company under the Energy Market Regulatory Authority's decision dated 28/03/2024 and numbered 12531-25 and the Electricity Market Department's decision dated 11/07/2024 and numbered 933621.

After the approval of the amendment to the production license, the installation of the "production-integrated storage unit" with a capacity of 2,064 MWh, powered primarily by solar energy and to be implemented for the first time in Turkey, has been completed. Following this approval, another milestone has been achieved in both sustainable energy production and solar energy.

Following the installation of the integrated electricity storage unit at the production facility, it is expected that imbalance costs will be minimized. Additionally, by storing electricity produced above the available capacity and feeding it into the system, the facility is expected to achieve an additional revenue  through approximately 860,000 kWh/year of surplus production. Upon the completion of the approval process, related developments will be shared with the public.

It is 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.