Nala Renewables further expands into Central and Eastern Europe

London, 29 July 2024 – Nala Renewables (Nala), a global power and renewable energy investment and development platform, announces that it has acquired a 34MWp operational solar photovoltaic (PV) portfolio from renewable energy group Green Genius. In addition, Nala has signed an agreement with Green Genius to acquire a further 45MWp of PV projects in the near-term that are expected to increase the total size of the portfolio to 79MWp. All projects are located in Lithuania, extending Nala’s presence in OECD markets.

The solar PV portfolio is already in operation and will support Nala's contribution to the  UN Sustainable Development Goals by generating around 96,000MWh of clean energy per year from the full 79MWp portfolio, representing the energy use of around 9,500 households, as well as saving approximately 20,000 tonnes of CO2 equivalent emissions per year.* The portfolio benefits from offtake agreements that provide revenue security over the medium-term. Terms of these agreements are not disclosed.

“We’re delighted to have expanded into Lithuania via the acquisition of this operational PV portfolio from Green Genius, a well-established counterparty,” said Will Herlinger, Director at Nala Renewables. “We see Central and Eastern Europe as a strategic region for our business and plan to continue to grow our presence there.”

“We are excited that Nala Renewables has chosen projects developed and built by Green Genius as their entry point to Lithuania, acknowledging the quality of renewable energy projects that our team delivers,” said Rokas Bancevičius, CFO of Green Genius.

ENDS

* Calculated using UNFCCC IFI Default Grid Factors.

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For further information please contact:

Nala Renewables Press Office

Tel: +44 (0) 7353 969 045

Email: media@nalarenewables.com

About Nala Renewables:

Nala Renewables is a global power and renewable energy platform and an independent power producer focused on solar, wind and battery storage projects. Nala is a joint venture between Trafigura, one of the world’s leading independent commodity trading companies, and funds managed by IFM Investors.

Founded in 2020, Nala Renewables has grown its operational,i n-construction and development portfolio of renewable energy projects to around3GW of cumulative capacity. The vision is to continue to create shareholder value by involvement across the value-chain in developing, building, operating and investing in high quality solar, onshore wind and battery storage projects across core markets.

Visit: Nala Renewables

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of June 2025,Sungrow has installed 870 GW of power electronic converters worldwide. The company is recognised as the world's most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we're committed to bridging to a sustainable future through cutting-edge technology and unparalleled service.

Visit: www.sungrowpower.com.

About KSBR (Keski-Suomen Betonirakenne Oy):

KSBR is a trusted expert in delivering the most demanding energy, infrastructure, and industrial projects in the Nordic countries. With a strong focus on safety, quality, and humanity to ensure that a sustainable future becomes a reality. Our main goal is that the results of our work speak for themselves in terms of quality.

Visit: https://ksbr.fi/en/

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