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Norsk Solar AS – Q4 2022 Financial Report

Stavanger, 22 March 2023: The Board of Directors of Norsk Solar AS ("Norsk Solar", OSEBX ticker: NSOL) has approved the accounts for the fourth quarter of 2022, and the Q4 Financial Report has been published.In the fourth quarter, Norsk Solar’s consolidated EBITDA was NOK -10.8 million, compared to NOK –14.0 million in the same period last year. EBITDA ended at a negative NOK 43.3 million year to date compared to negative NOK 28.1 million for the same period last year. This is mainly due to (1) credit loss provision related to Ukraine accumulated to NOK 12.8 million, (2) increased operating

Norsk Solar secures green bond to finance 18 MW solar project in Brazil

Stavanger, Norway / Minas Gerais, Brazil, 30 January 2023: Norsk Solar AS (“Norsk Solar”, OSEBX ticker: NSOL), an independent solar power producer focused on commercial and industrial (C&I) projects in high-growth markets, has been granted a “Certificado de Recebíveis Imobiliários” (CRI) from the Brazilian asset manager Valora Investimentos. The green bond will provide over 50,000,000 BRL (ca. 10,000,000 USD) in financing in the form of non-recourse project debt for Norsk Solar’s 18 MW solar plant in Brazil. Construction on six sites included in the project are underway.When complete, the

Notice of share issue to employees and primary insiders

- Stavanger: The Board of Directors of Norsk Solar AS (the "Company", OSEBX ticker NSOL) has resolved to issue a total of 429,375 new shares to certain primary insiders as part of its employee incentive program. Once the share capital increase related to this share issue has been registered with the Norwegian Register of Business Enterprises, the Company's share capital will be NOK 758,252.67, divided into 75,825,262 shares, each with a par value of NOK 0.01. The Company refers to the attached forms for details on the primary insider subscriptions.This information is subject to the

Notice of share issue to employees and primary insiders

– Stavanger: The Board of Directors of Norsk Solar AS (the "Company", OSEBX ticker NSOL) has resolved to issue a total of 625,500 new shares as part of its employee incentive program. Once the share capital increase related to this share issue has been registered with the Norwegian Register of Business Enterprises, the Company's share capital will be NOK 753,958.87, divided into 75,395,887 shares, each with a par value of NOK 0.01.       Among the subscribers are certain primary insiders of the Company, and the Company refers to the attached forms for details on the primary insider

Norsk Solar AS – Q3 2022 Financial Report

Stavanger, 30 November 2022: The Board of Directors of Norsk Solar AS ("Norsk Solar", OSEBX ticker: NSOL) has approved the accounts for the third quarter of 2022, and the Q3 Financial Report has been published.      In the third quarter, Norsk Solar’s consolidated EBITDA was NOK –21.8 million, compared to NOK –3.8 million in the same period last year. The decrease was mainly due to a recognized credit loss provision related to trade and other receivables in Ukraine of NOK 14.8 million. Adjusted for the credit loss provision this quarter, EBITDA ended on negative NOK 7.0 million.

Norsk Solar experiences continued growth in key markets and secures 1.8 MW rooftop solar project in Vietnam

Stavanger, Norway/Ho Chi Minh City, Vietnam, 23 September 2022: Norsk Solar AS (“Norsk Solar”, OSEBX ticker: NSOL), an independent solar power producer focused on commercial and industrial (C&I) projects in emerging markets, has entered into a long-term power purchase agreement (“PPA”) with Lineage Logistics, one of the world’s leading and most innovative temperature-controlled industrial REIT and logistics solutions providers. The PPA is signed by Norsk Solar Vietnam, which is owned by Nordic Impact Cooperation, a joint investment platform established by Norsk Solar, Norfund, and Finnfund.

Investment decision approved for Norsk Solar 18 MW solar PV project in Brazil

– Stavanger/São Paulo: Norsk Solar (“Norsk Solar”, OSEBX ticker: NSOL) announced today that the Board of Directors of Nordic Impact Cooperation AS (“NIC”), an investment company jointly owned by Norsk Solar, Norfund and Finnfund, has made a positive investment decision for the construction of six solar PV plants with a capacity of 18 MW in Brazil.The plants are part of the previously announced 37 MW development agreement signed with corporate offtaker Órigo Energia, a renewable energy pioneer in Brazil whose shareholders include TPG ART, Mitsui and the Brazilian impact investment fund

Norfund joins Norsk Solar and Finnfund as partner in Nordic Impact Cooperation AS, an investment platform for C&I solar projects in high-growth markets

– Stavanger and Oslo: Norsk Solar (“Norsk Solar”, OSEBX ticker: NSOL) announced today that Norfund, the Norwegian Investment Fund for Developing Countries (“Norfund”) will join Norsk Solar and Finnfund as an equity partner in Nordic Impact Cooperation AS (“NIC”). NIC is an investment platform that provides equity financing in Norsk Solar projects for corporate and industrial energy buyers in select high-growth markets.Norfund’s investment in NIC represents an ownership share of 33.04%, and increases the amount of investment capital available to 19 million EUR. The NIC platform was

Norsk Solar AS - Q1 2022 Financial Report

Stavanger, 14 June 2022: The Board of Directors of Norsk Solar AS ("Norsk Solar", OSEBX ticker: NSOL) has approved the annual accounts for the first quarter of 2022, and the Q1 2022 Financial Report has been published.In the first quarter of 2022, Norsk Solar’s consolidated EBITDA was NOK -8.0 million (-4.1), mainly due to an almost doubling of the number of employees compared to the same period in 2021. This is in line with the company’s growth plan, to accommodate new projects under development and expansion in key markets.     Revenue in Q1 ended at NOK 1.8 million. The total

Norsk Solar secures project financing from responsAbility for 11 MW solar project in Vietnam

Stavanger, Norway / Zurich, 24 May 2022 – Norsk Solar Vietnam Ltd has secured non-recourse project financing of up to USD 12 million from responsAbility Investments (“responsAbility”). Norsk Solar Vietnam Ltd is owned by Nordic Impact Cooperation AS, an investment platform owned by Norsk Solar AS (“Norsk Solar”) and Finnfund, as well as Norfund.Approximately USD 6 million is committed to finance part of the recently completed 11 MW Central Retail project in Vietnam, with the uncommitted remainder available for drawdown for further projects in Vietnam. “This agreement with responsAbility

Norsk Solar AS - 2H 2021 financial report

Stavanger, 23 March 2022: The Board of Directors of Norsk Solar AS (“Norsk Solar”, OSEBX ticker: NSOL) has approved the annual accounts for the second half of 2021, and the 2H 2021 Financial Report has today been published.During the period, consolidated revenues ended at NOK 6.8 million (9.2). Norsk Solar's 2H consolidated EBIT was NOK -23.2 million (-9.6), driven by increased costs for project development activity, combined with an almost doubling of the number of employees, in line with the company’s growth plan. The consolidated net loss for 2H 2021 ended at NOK -20.6 million (-23.4) in

Norsk Solar and Órigo Energia sign power purchase agreement and begin second phase of 37 MW solar project in Brazil

Stavanger/São Paulo: Norsk Solar AS (“Norsk Solar”, OSEBX ticker: NSOL), an independent solar power producer focused on commercial and industrial (C&I) projects in emerging markets, is signing today a Power Purchase Agreement (“PPA”) with Órigo Energia to build 6 solar PV power plants producing 18 MW of clean electricity. The PPA represents the second phase in fulfilment of a 37 MW development agreement previously signed by Norsk Solar and Órigo Energia. The PPA for the first 6 MW power plant was signed in Q4 2021.“This project is key to reaching our goal of producing 100 MW of clean solar

Norfund to partner with Norsk Solar to meet growing corporate demand for renewable power in Vietnam.

– Stavanger and Oslo. Norfund, the Norwegian Investment Fund for Developing Countries (“Norfund”) is joining Norsk Solar AS (“Norsk Solar”, OSEBX ticker: NSOL) and Nordic Impact Cooperation AS (“NIC”) as investors in the 11 MW solar plant portfolio recently constructed by Norsk Solar in Vietnam. NIC is a joint venture between Norsk Solar and Finnfund, a development financier and impact investor majority-owned by the Finnish state.The investment establishes a new partnership between Norfund, Norsk Solar and Finnfund and gives Norfund a 35 percent ownership stake in one of the largest single-

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