CONCLUSION OF TURBINE SUPPLY AGREEMENT AND MAINTENANCE AGREEMENT FOR KOSTOMŁOTY WIND FARM PROJECT

In reference to current report No. 22/2020 of 30 September 2020, the Management Board of Polenergia S.A. (“Issuer”) hereby reports that Polenergia Farma Wiatrowa Dębice/ Kostomłoty Spółka z ograniczoną odpowiedzialnością (“Wind Farm”) concluded, on 6 October 2020, with Vestas Poland Sp. z o.o.:

1.    an agreement on supply, installation and commissioning of 9 V136-3.0MW wind turbines with the total capacity of 27 MW. Performance of the agreement is scheduled for the period between the 1st quarter of 2021 and the 3rd quarter of 2022.

2.    an agreement on maintenance and availability of wind turbines (“AOM”) for the Wind Farm. The AOM refers to the provision of maintenance services for the above-mentioned wind turbines for a period of 30 years from the start-up date, including performance of planned inspections, repairs, delivery of means of support and spare parts, remote supervision and other associated activities. Vestas Poland Sp. z o.o. also guarantees a proper level of availability of turbines as part of the maintenance agreement and in case of failure to meet these requirements, Vestas will be required to pay compensation to the Wind Farm.

Legal basis: Art. 17(1) of Regulation of the European Parliament and Council (EU) No. 596/2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Journal of Laws of the European Union L of 2014, No. 173, p. 1 as amended).