Stavanger, Norway. Norsk Solar AS ("Norsk Solar", OSEBX ticker: NSOL) reports no
physical or technical damage to the 9 MW solar PV power plant located in
Semypolky, Ukraine, approximately 60 km north of Kyiv. Norsk Solar has 45%
ownership in the plant.
Remote monitoring is ongoing, and local operations partners are on site. The
plant is currently not producing power, based on instruction issued by the
Ukrainian National Power company Ukrenergo.
The company has mobilized its emergency response protocol and is maintaining
close contact with the one employee working for Norsk Solar in Ukraine, as well
as our partners, contractors and authorities.
"We are shaken by the tragedy unfolding in Ukraine, and our greatest concern is
the safety and wellbeing of our Ukrainian colleague, his family, and our
partners. We will do whatever we can to provide our support," said Øyvind L.
Vesterdal, CEO in Norsk Solar.
Norsk Solar continues to monitor the situation as closely as possible, together
with our operational partners in Ukraine. We continue to follow the instructions
from Ukrenergo and will provide necessary updates.
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
CFO, Norsk Solar
+47 907 35 246
Christine Corkery Steinsholt
Head of Communications, Norsk Solar
+47 950 95 481
About Norsk Solar
Norsk Solar delivers the power to build a better world. We provide clean,
renewable solar solutions to corporate and industrial (C&I) entities in emerging
markets. Our high-quality solar PV solutions produce cost-efficient and reliable
electricity, helping companies meet their sustainability targets by cutting
Norsk Solar has over 100 MW in operation or under development in emerging
markets and is a fast-growing independent solar power producer, targeting 2 GW
under management in 2025.
The company was established in 2017 in Stavanger, Norway, and today has more
than 30 employees representing 15 nationalities. Norsk Solar has a presence in
Norway, South Africa, Brazil, and Vietnam. Read more at www.norsksolar.com.