OUR STORY; PROJECTS COMPLETED, CREDENTIALS, EXPERTISE.

• New Frontiers boast Shannon Energy and our local partners in Portugal, which form a formidable force to deliver attractive returns for investors.

• Our group has successfully developed 1GW of projects from greenfield site to RTB since 2015, in Portugal and internationally.

• Our local partners include some of the most experienced and successful developers of solar projects in Portugal.

• The team has worked together on the following major projects –

Solara 4 (8yrs)

Solara 4 commenced site assembly in late 2013, with leases agreed in 2014 and also planning and design undertaken in 2014/2015.

After environmental studies were undertaken, sale of the site was agreed to a multinational in late 2016. The new owners commenced construction in 2019 and completed and energised the plant in 2021, when it became fully operational.

Pereiro Plant (6yrs+)

Land leases agreed in 2017, planning application also applied for in 2017/early 2018. Environmental studies applied for in 2019 and the project was acquired by another multinational in 2020. They are now starting construction of lines to the substation.

Santa Marta

Land leases agreed in 2019, the site was submitted to planning in late 2019. The plant is connecting to the grid via lines under construction for the Pereiro plant. Plant has all of its environmental permits/exemptions and is now awaiting confirmation of thegrid connection date. Anticipated this will be around the same time as Periero connects, which is June 2024, as both plants will use the same transmission lines to the substation.

• Between them, our management team and local partners have an unrivalled knowledge of the Portuguese renewable energy market, encompassing all elements through legal, technical and commercial. They understand the processes necessary to develop a successful project, from working with landowners for sourcing suitable land, to gaining all the necessary permits from local and national authorities, to liaising with the Portuguese Government and national grid for connection rights.

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