Sustainable Energy Solutions

SENS announces today that a new land lease agreement has been successfully signed near Katrineholm, Sörmland. This marks the second agreement within a short period in the region. The project, which includes a combination of a solar farm and a battery facility, is designed to streamline the production and storage of energy, with a total capacity of 50MW and 15MW respectively.

In an era where the emphasis on renewable energy is of utmost importance, SENS is at the forefront with solutions that combine electricity production with storage. This integrated strategy promotes a stable and reliable energy supply, reduces dependence on fossil fuels and contributes to building a robust and future-proof energy infrastructure. SENS's strategic positioning and resources allow the Company to effectively navigate and lead the way towards future energy challenges, thus playing a decisive role in the transition to sustainable energy solutions.

The project's market value, with a 'Ready-to-build' status, can vary between SEK 250-500 thousand/MW. Assuming this valuation range, it implies a potential value of SEK 16.3-32.5 million, provided that all project rights are successfully secured. It is important to note that this lease does not generate immediate revenue for SENS. The revenue is expected to be realized through future sales or development agreements with long-term partners or investors. SENS's portfolio today of projects with secured land leases exceeds potential 330 MW battery park and 75 MW solar park.

Henrik Boman, CEO of SENS, comments:

"We are enthusiastic about taking further steps towards a sustainable energy future by signing a new lease agreement in Sörmland. This project, which integrates a solar farm with a battery facility, demonstrates our capacity and strategic positioning to successfully navigate the energy challenges of the future and contribute to building a robust and sustainable energy infrastructure.”