Aega ASA (Aega) has, through a wholly owned subsidiary, signed the final transaction agreement to purchase Solar S.r.l. and Terrasol Società Agricola S.r.l. The two parks have a combined installed power of 2 MWp. Aega announced on 16 March 2022 that it had entered into a mutually binding offer to acquire two solar parks in Italy. After tonights signing and according to the transaction agreement, Aega formally take ownership of the two solar parks from 1. January 2021.

Aega's funding of the purchase will be through existing cash. EUR 2,862,475 is the total purchase price. Outstanding combined debt at the same date is equal to EUR 2,334,500.

One of the parks is located on Sardinia, very close to Aega's existing parks. Through the acquisition, Aega has completed the plan of establishing a cluster of four solar parks on Sardinia. With the Sicilian solar park Aega enters a new region very well suited for solar power production.

After the execution of this transaction Aega owns 9 solar parks in Italy with an aggregated capacity of 8.4 MWp.