Tiza acquisition

29 June 2022

Aquila European Renewables Income Fund plc

Aquila European Renewables Income Fund plc completes the acquisition of a 100% interest in the Spanish solar asset, Tiza

Aquila European Renewables Income Fund plc ("AERIF" or "the Company"), the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbH, is pleased to announce that further to the RNS released on 16 May 2022, its wholly owned subsidiary, Tesseract Holdings Limited has closed the acquisition of a 100% interest in Tiza, a 30 MWp operating solar PV asset located in the south of Spain.

Tiza benefits from a recently signed, 6.5 year fixed price Power Purchase Agreement with Axpo Iberia, a subsidiary of Axpo Solutions, which covers 70% of P50 production.

LEI: 213800UKH1TZIC9ZRP41

Ends

For further details contact:

Media Contacts

Edelman Smithfield

Ged Brumby 07540 412301

Kanayo Agwunobi 07581 010560

Sponsor, Broker and Placing Agent

Numis Securities 020 7260 1000

Tod Davis

David Benda

Vicki Paine

European Broker

Kempen & Co +31 20 348 8000

Maarten de Zeeuw

Kathrin Erfurth

Robin van Wijk

NOTES

Aquila European Renewables Income Fund plc is a London-listed renewable energy infrastructure investment company with the aim to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of hydropower, onshore wind and solar PV investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of these asset types complete each other to balance the cash flow, while the geographic diversification serves to reduce exposure to one single energy market.

www.aquila-european-renewables-income-fund.com