Sustainable Energy Solutions Sweden Holding AB announced that the Company has entered into a lease agreement with a landowner outside Eskilstuna. The agreement enables the construction of a battery storage facility with a planned capacity of 40 MW. SENS's project portfolio of solar and battery parks now amounts to 550 MW.

In 2023, SENS expanded its market shares through strategic agreements and partnerships. With a project portfolio exceeding 550 MW in solar and battery parks, SENS emphasizes its growing significance and the confidence the market has in its ability to deliver attractive energy solutions. Looking ahead to 2024, SENS aims to continue the Company's positive trend by focusing on high-quality land areas with committed landowners in expansive regions.

SENS announces that the Company has signed its second agreement in the Swedish market for 2024, which is a lease agreement for a new battery storage facility outside Eskilstuna. This facility is planned to have a target capacity of 40 MW. Additionally, SENS is currently in discussions about a potential solar park near the battery facility, a step that would further strengthen the Company's presence and capacity in the region.

SENS has a well-defined sourcing strategy to ensure the realization of all energy projects in the Company's portfolio. In the initial phase, the so-called acquisition process, SENS is responsible for identifying attractive land leases suitable for establishing solar and battery parks. These areas should also be located close to power cables that are part of the Swedish power grid.

After a land lease has been signed, SENS begins the process of applying for necessary permits and identifying a suitable financier to realize the project. Once SENS has secured all project rights and contracted a financier, a 'Ready-to-build' status is achieved. Thereafter, the project is ready to start.

The total timeframe for this process is estimated at approximately 10-12 months from the signing of the lease agreement to the start of construction, and when the project is completed and operational.