DWK Deutsche Wasserkraft AG Signs Framework and Service Agreement for Development of Hydropower Plants with Total Annual Output of 95 GWh

First Phase to Include up to 15 Plants

Hamburg, September 15, 2025 – DWK Deutsche Wasserkraft AG (“DWK”) (ISIN: DE000A2AAB74 / WKN: A2AAB7 / Ticker: T7RA) has signed a framework and service agreement with Norway-based OdelEnergy AS (“OdelEnergy”) to jointly develop and construct small hydropower plants with a planned annual generation of approximately 95 gigawatt hours (GWh). The first phase foresees up to 15 plants.

The agreement builds on the Memorandum of Understanding signed in February 2025 and underlines DWK’s strategic focus on expanding its hydropower portfolio, particularly in small run-of-river plants (“Small Hydro”).

Under the partnership, DWK secures a right of first refusal on defined project rights in Southern Norway. OdelEnergy will handle design, development, and construction, while DWK will provide project financing and oversight.

The initial investment volume until commissioning is expected to total around EUR 50 million, to be financed in cooperation with partner banks through a mix of instruments. Both companies also plan to extend their cooperation to future projects in Norway.

About DWK Deutsche Wasserkraft AG

DWK Deutsche Wasserkraft AG is a German-Norwegian energy company focused on hydropower. The company develops, acquires, and operates small run-of-river hydropower plants (“Small Hydro”) in Europe, with a strong emphasis on Norway.

As Germany’s first publicly listed independent hydropower producer, DWK combines strong environmental sustainability with high efficiency and reliable energy output, supported by a management team with long-standing industry expertise. DWK’s goal is the steady expansion of its proprietary portfolio of small hydropower plants.

Company Contact:

DWK Deutsche Wasserkraft AG

Schopenstehl 22

20095 Hamburg

Telefon: +49 40 85 41 68 68

E-Mail: info@deutschewasserkraft.com