Ocean Sun AS is pleased to announce its participation in the Isla Bonita
project, an initiative under the Horizon Europe Mission "Restore our Ocean and
Waters". The project aims to accelerate the transition towards sustainable,
climate-resilient island communities by deploying and scaling innovative ocean-
and water-related solutions. With an overall EU contribution of approximately
EUR13.5 million, the Isla Bonita project is coordinated by Plocan and brings
together a broad consortium of research institutions, industry partners and
public authorities to implement demonstration projects across several island
regions in Europe. 

Ocean Sun will lead the La Palma demonstrator, a flagship initiative located at
the port of Tazacorte in the Canary Islands. The demonstrator builds on the
technical and operational learning from the BOOST project and represents the
next step in Ocean Sun's work to adapt floating solar technology for exposed
coastal and island environments. The system will combine renewable energy from
an Ocean Sun FPV installation with desalination technologies in an integrated
solution.

Located in the rough seas of La Palma, the 310 kWp FPV demonstrator will provide
a relevant test site for further research, validation and operational
improvement in exposed conditions. The integration with a desalination unit will
also demonstrate a replicable model for island and coastal regions facing high
electricity costs and water scarcity.

Ocean Sun will be responsible for design and deployment of the floating solar
system, implementation of an automated cleaning solution, and integration of a
rainwater collection system for operational use. Ocean Sun's allocated
contribution is EUR 190 thousand and excludes CAPEX related to the demonstrator.

The EU support enables Ocean Sun and its partners to continue advancing floating
solar in demanding marine environments, building on prior experience while
further improving a solution already commercially available for island and
resort markets seeking alternatives to expensive and volatile fossil fuels.

About Isla Bonita
Isla Bonita is a Horizon Europe project focused on restoring ocean and water
systems while supporting sustainable blue economies in island regions. The
project will establish multiple demonstration sites across Europe and develop
scalable solutions to improve environmental resilience, energy independence, and
water security.


About Ocean Sun
By combining 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 be the world's leading technology
provider of floating solar.

For more information, please contact: 
Kristian Tørvold, CEO of Ocean Sun, +47 97088847 
Karl Lawenius, CFO of Ocean Sun, +47 45633881
Ocean Sun\, +47 97088847 \
Karl Lawenius\, CFO of Ocean Sun\, +47 45633881\