METLEN Sells 119 MW UK Solar to Nala Renewables

PRESS RELEASE

METLEN Agrees 119 MW UK Solar Portfolio Sale to Nala Renewables

KEY HIGHLIGHTS

 METLEN signs agreements to sell four UK solar parks with a combined capacity of approximately 119 MW to Nala Renewables.

 Phased delivery scheduled for 2027–2028, with the portfolio set to provide clean power to the equivalent of over 50,000 homes per year once completed.

 METLEN has been active in the UK for over a decade, with more than 90 renewable energy and storage projects delivered or progressing.

Athens, Greece / London, United Kingdom – 10 November 2026 – METLEN has signed Sale and Purchase Agreements (SPAs) with Nala Renewables for the sale of a UK solar photovoltaic (PV) portfolio with a combined capacity of approximately 119 MW.

The portfolio comprises four utility-scale solar parks in Norfolk, Somerset and East Sussex, currently at Ready-to-Build (RtB) and Under Construction stages. Scheduled to be constructed and delivered in phases between 2027 and 2028, the projects will provide clean power to the equivalent of 52,320 homes per year once completed.

Following delivery of the projects, Nala’s revenue will come from a combination of contracted arrangements, including a corporate Power Purchase Agreement (PPA) and Contracts for Difference (CfDs). Delivery of each project will be complete upon issuance of the respective Provisional Acceptance Certificate (PAC).

The agreements mark Nala Renewables' expansion into the UK renewables market and establish the basis for a long-term strategic partnership between the two companies, that can support the deployment of additional renewable energy and energy storage projects across Europe.

The transaction advances METLEN's asset rotation strategy, through which the Company develops, constructs and monetises renewable energy projects, while reinvesting capital into its growing international development pipeline.

Nikos Papapetrou, Chief Executive Director of M Energy Transition Platform, said:

"This sale reflects the continued strength of METLEN's development platform and our ability to originate, mature and deliver high-quality renewable energy assets for long-term investors. The UK is a strategically important market for METLEN, where our established project footprint, for over a decade now, provides a strong foundation for our continued contribution to the country's energy transition. As an integrated developer, METLEN has delivered more than 70 renewable energy and storage projects in the UK to date, on time and within budget, while more than 20 additional projects are currently progressing, comprising both third-party projects and its own assets.”

The scale of these projects spans solar parks representing approximately 2.5 GW of installed capacity, battery energy storage systems (BESS) with approximately 1.5 GWh of total energy storage capacity, and hybrid solar/BESS projects totalling 137 MW/391 MWh, demonstrating METLEN’s strong execution capabilities in the UK market.

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About METLEN:

METLEN Energy & Metals Plc (METLEN) is an international industrial and energy Company, holding a leading position in the metals and energy sectors, focused on sustainable growth and the circular economy. METLEN has established itself as a benchmark in competitive “green” metallurgy at both European and global level, operating the only fully integrated bauxite, alumina and primary aluminium production unit in the European Union, with privately owned port facilities. In the Energy Sector, METLEN provides integrated energy solutions through the implementation of thermal and renewable power generation projects, electricity distribution and trading, as well as investments in network infrastructure, battery storage and other green technologies. METLEN operates across five continents and in more than 40 countries, employing over 8,500 people worldwide and implementing a fully synergistic model across its Sectors.

METLEN Financial Highlights

METLEN has its primary listing on the London Stock Exchange and secondary listing on the Athens Stock Exchange and is a constituent of the FTSE 100 Index. In 2025, METLEN reported consolidated revenue of €7.11 billion and EBITDA of €753 million with net profit of €314 million. Adjusted net debt stood at €2.10 billion, with a Net Debt/EBITDA ratio of 3.1x, reflecting strong financial resilience. METLEN is rated by leading international sustainability and ESG agencies, holding the unique Greek position in the Dow Jones Best-in-Class Emerging Market Index, and distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis, Bloomberg and IdealRatings.

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