Greencells GmbH: successful completion of three solar projects in the Netherlands with a total capacity of around 152 MWp

Greencells GmbH: successful completion of three solar projects in the Netherlands with a total capacity of around 152 MWp
- More than 70 MWp for 2021 in the EPC pipeline in the Netherlands

Saarbrücken, 1 December 2020 - Greencells GmbH, a globally active EPC and O&M service provider for utility-scale solar power plants, continues its success story in the Netherlands. On behalf of its long-standing customer Chint Solar, three solar projects with a total capacity of around 152 MWp were successfully completed as part of EPC cooperations with different partners such as Goldbeck Solar GmbH. This also includes the country's second largest solar power plant in Stadskanaal with 101 MWp, where in future green electricity will be produced on an area of 83 hectares for around 31,000 households. In addition, 45 MWp were successfully installed in Buinerveen and 5.7 MWp in Ommelanderwijk.

Greencells GmbH is successfully active in the Netherlands since 2018. The local solar market is characterized by attractive subsidies, which are regulated by the governmental "SDE++" program since September 2020. Greencells entered the market by participating in the construction of the country's largest solar power plant in Midden-Groningen with an installed capacity of 103 MWp. So far, the company has already realized around 332 MWp in the Netherlands, either independently or in cooperation.

Andreas Hoffmann, CEO of Greencells GmbH: "The three successful project completions are a further milestone in our success story in the Netherlands. Our comprehensive know-how and proven competence in this highly attractive market is highly appreciated and in great demand, as demonstrated in particular by our current EPC pipeline. For 2021 alone, we already have contractually secured orders for a total capacity of more than 70 MWp in the Netherlands."

Patrick Clemens, COO of Greencells GmbH, adds: "Completing the three projects on time and in full in this year's difficult COVID-19 context is an outstanding achievement by our teams and illustrates the robustness and resilience of our company as major player in the European EPC market."

To accelerate the successful growth, Greencells GmbH is offering a secured 6.5% Green Bond 2020/2025 (ISIN: DE000A289YQ5) for subscription until 7 December 2020 (12:00 CET). Interested private investors in Germany, Austria and Luxembourg can submit their subscription offer through their custodian bank via the subscription functionality "DirectPlace" of the Frankfurt Stock Exchange in the XETRA trading system. Qualified investors can subscribe directly via ICF BANK AG in its function as bookrunner.

Important note:
This publication is neither an offer to sell nor a solicitation of an offer to buy securities. The securities which are the subject of this publication are offered by the issuer exclusively in the Federal Republic of Germany, the Republic of Austria and the Grand Duchy of Luxembourg by way of a public offer. Outside the Federal Republic of Germany, the Republic of Austria and the Grand Duchy of Luxembourg, no public offer is being made.

The securities will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act.

This publication does not constitute a prospectus. Any investment decision by interested investors with respect to the securities referred to in this publication should be made solely on the basis of the securities prospectus and terms and conditions of the bonds prepared by the Issuer in connection with the public offering of these securities, which are available on the Issuer's website at www.greencells.com/ir.

About Greencells GmbH:
Greencells GmbH is a global provider of EPC and O&M services specialized in utility-scale solar power plants. Together with its sister company Greencells Group Holdings Ltd. (together "Greencells Group"), which is active worldwide as a solar project developer, the company has the know-how in all project phases to optimally plan, finance, implement and operate solar projects. Greencells GmbH, founded in 2009 and headquartered in Saarbrücken, has around 70 employees as well as several hundred skilled workers at the active construction sites. As one of the largest European providers of solar power plants, Greencells Group has already been successfully involved in the construction or planning of over 2.1 GWp capacity in more than 25 countries.

Greencells contact:
Alexandra Roger-Machart | Head of Communications and PR
ir@greencells.com | Mobile: +49 172 397 0957

Greencells GmbH
Bahnhofstr. 28
66111 Saarbrücken
Germany
www.greencells.com

Financial press contact:
Frank Ostermair, Linh Chung
frank.ostermair@better-orange.de | Phone: +49 89 88 96906 25

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