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Half-year figures and project updates - Hydrogen JV with CIP enters 2nd phase

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AustriaEnergy International GmbH (AEI), a leading site developer and technology integrator in the field of renewable energy projects in Chile and issuer of the collateralised and non-subordinated Green Bond (2023/28; WKN: A3LE0J), recently published its first half-year figures and provided an update on its projects. The number of projects increased further in 2023, including the start of the development of a green hydrogen/green ammonia project with wind measurements in Q4. A 90% share of ASC7 is to be utilised in the near future, with revenues of USD 9 million expected in 2024. An HNH project (phase 1) will lead to cash flows of around USD 29 million in 2025 - based on this, a JV was concluded with the partner CIP for phase 2 of the HNH project, in which AEI has a 24.5% stake. We expect this project to generate revenues of over USD 40 million, with the first payment expected in 2027.