30 November 2023
Aega ASA had revenues of EUR 1,136 thousand in the third quarter of 2023 (Q3
2022 EUR 755 thousand).
EBITDA was positive with EUR 771 thousand (Q3 2022 EUR 219 thousand).
"In Q3 we reached a new milestone with the highest quarterly production ever
recorded for Aega. This is of course satisfying as the team has done a great job
keeping all solar parks up and running with minimal downtime, in the most
important quarter of the year when it comes to solar irradiation. High
production and lifting of the imposed price cap resulted in record levels also
for our revenues. I am very plaesed to see that our strong focus on operations
and cost-control through the somewhat challenging period with price-capping pays
off", says CEO Nils P. Skaset.
Strong macro environment for solar in Italy:
"The Italian market for Solar PV parks is very strong and in constant growth and
development, much due to the important effect that it is now feasible to run a
new built Italian solar PV plant on sustainable business terms without
subsidies. Therefore, we have recently expanded our know-how to development and
construction of new plants, while acquisitions, ongoing operations, maintenance,
and management support is at our core competence both historically and today. We
have increased our pipeline of smaller power plants considerably, for a greener
and more sustainable electricity production, and have expanded our footprint,
experience, ambitions, and reputation in Italy", Skaset adds.
Attached is the company's third quarter report.
For more information please contact
Nils P. Skaset, CEO
+47 951 88 154
ceo@aega.no
About Agea:
Aega ASA is an energy company listed on Euronext Expand in Oslo. Aega's main
focus is the solar power market in Italy. The company develops, acquires and
operates smaller existing Italian solar power plants. In addition to being an
industrial energy producer we also consider investments in the solar and
renewable energy sector. The company's head offices are in Oslo (NO) and Trento
(IT). For more information, see www.aega.no