Ocean Sun has successfully completed the construction of a 250 kWp floating
solar demonstrator for ACCIONA Energía, a global leader in sustainable
infrastructure and renewable energy, in Spain.

The project is located in the Sierra Brava reservoir in the region of Zorita
(Spain) and will be part of ACCIONA Energía's testbed for floating solar. At
site, ACCIONA Energía will test the solution in a real environment and acquire
the necessary knowledge in construction, operation and maintenance, and
environmental monitoring to scale up to commercial application. As such, this
project has been an excellent platform to deepen our relationship to a top tier
customer.

"We are thrilled to learn more about Ocean Sun's proprietary membrane-based
system by having it as part of our testbed. The technology is radically
different from the other solutions we are testing, and we look forward to
acquiring firsthand experience of the system to evaluate future commercial
projects," said Javier Abajo, Project Manager at ACCIONA Energía.

The system features a single ring design and is as such a demonstration of Ocean
Sun's most cost competitive product, suitable for more benign waters. The
project is delivered on a turn-key basis, with Ocean Sun supplying material and
being responsible for the installation of the floater.

"We are very proud and excited about this project with ACCIONA Energía. They are
a world leading renewables company and a pioneer within floating solar and as
such an excellent customer for Ocean Sun going forward. Furthermore, I'm very
pleased with the team at Ocean Sun, successfully delivering an impressive
single-ring floater on a turnkey basis for the very first time," said Kristian
Tørvold, CEO at Ocean Sun.
  

About ACCIONA Energía:

ACCIONA Energía is the largest 100% renewable energy company with no fossil
legacy in the world. It has 13.5GW of renewable energy and presence in 25
countries. With 30 years of experience, ACCIONA Energía offers a complete
portfolio of tailor-made energy solutions for its corporate and institutional
clients to meet their decarbonization goals. ACCIONA Energía is committed to the
highest environmental, social and corporate governance (ESG) standards. ACCIONA
S.A., a leading global company in the provision of regenerative solutions for a
decarbonized economy, is the reference shareholder of ACCIONA Energía. 


About Ocean Sun:

By combining the Norwegian maritime expertise and knowledge within
photovoltaics, Ocean Sun has developed an innovation that offers a bold solution
to our global energy needs. The patented technology is based on solar modules
mounted on hydro-elastic membranes and offers cost and performance benefits not
seen in any other floating PV system today. With offices in Oslo, Singapore and
Shanghai, Ocean Sun is embarking on its vision to become the world's leading
technology provider of floating solar.
 

For further details, please contact:
 
Kristian Tørvold, CEO of Ocean Sun, +47 97088847
Karl Lawenius, CFO of Ocean Sun, +47 45633881