Botala Energy's strategic partnership with AAAS Energy

Botala Energy Ltd (ASX: $BTE) has signed a binding Heads of Agreement with Amsterdam based AAAS Energy BV to develop 200 - 250MW of Solar PV capacity at Botala's Leupane Energy Hub and Industrial Park. AAAS will farm-into 50% of the Project for A$1,000,000 and be responsible for all initial development capital. The Bankable feasibility study outcomes are expected by the end of CY2024, with the decision to proceed subject to review by Botala.

Executive Commentary on the Strategic Partnership

Kris Martinick, CEO of Botala, expressed excitement about attracting significant partners into their projects and advancing the opportunity at Leupane Energy Hub without incurring initial project development costs. The strategic partnership with AAAS provides an attractive way to leverage their extensive experience in solar project development.

Summary of the Landmark Heads of Agreement

Botala Energy's partnership with AAAS Energy marks a significant step towards developing renewable energy projects complementary to gas. The agreement focuses on developing up to 250MW of Solar PV capacity at Botala's Leupane Energy Hub and Industrial Park. The Bankable Feasibility Study is expected to determine the project cost, ownership, and funding structures for a Final Investment Decision. This strategic partnership not only enhances Botala Energy's project portfolio and market positioning but also aligns with its vision to contribute to Botswana's sustainable energy future, presenting significant growth prospects.