SunScout New Zealand Secures Landowner Agreement for US$ 1.49 Million Solar and Battery Project

• SunScout's wholly owned subsidiary SunScout New Zealand agreed with landowners to advance the Te Akau solar and battery storage project.
• The proposed NZD 2.64 million (USD 1.49 million) project combines 1.5 MWp solar generation with 2 MWh battery storage.
• Ownership would be split equally with landowners; financing targets 70% project debt, with SunScout New Zealand providing the remaining 30% equity.
• The subsidiary would receive 60% of distributable cash until recovering its equity contribution, then share distributions equally with landowners.
• Development remains subject to satisfactory feasibility results, regulatory and grid-connection approvals, financing and definitive agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunscout Holding Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610200900PRIMZONEFULLFEED9848700) on October 20, 2026, and is solely responsible for the information contained therein.