Madrid, 13th June 2022. The portfolio comprises 27 Solar PV plants mainly located in the South ofSpain. The plants are organized into clusters, which are in different development stages: operating,under construction, and in advanced development. This transaction is CTG Spains first acquisitionof greenfield assets. With this deal, the company continues to deliver on its industrial commitmentwith the Spanish policy framework for energy transition and decarbonization.

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China Three Gorges Spain (CTGS) has reached an agreement to acquire 619MW of solar PV assets from Nexwell Power and its strategic partner, Ibox Energy, both units of the NexwellGroup, a purpose-driven investment group focused on scaling long-term sustainable andimpactful decarbonization initiatives. The assets acquired by CTGS are located in the South ofSpain, in regions including Andalucía, Castilla-La Mancha, Comunidad Valenciana andExtremadura.Under its agreement with Nexwell Power, CTGS will acquire two operational solar PV assets(totaling c.153MW) and one under-construction asset (c.52MW), while its agreement with IboxEnergy is for three late-stage development assets totaling c.414MW, that are expected tobecome operational over the next few years. The transaction, which is being led and managedby the Nexwell Group, also provides for Nexwell Power to deliver the construction of roughlyhalf of the assets under development.

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Mr. Ignacio Herrero, CEO of CTG Europe said: We view Spain as one of the most attractiveand well-regulated solar markets in Europe and we believe the Nexwell and Ibox projects areamong the highest quality assets in the market. Todays 619MW acquisition will betransformational for CTGS, bringing our total solar PV presence in Spain to just over 1GW forthe coming years, a strong complement to CTGs global wind and hydro portfolio. We look forward to working with such a professional team and organization to deliver on this transactionand tackle new challenges and opportunities in the energy transition.

Pablo Pulido, Chairman of Nexwell Group, commented, When we started Nexwell and formedIbox with our partner Cox Energy, we sought to develop, build and operate a high-qualityportfolio of assets on the same level as Sonnedix, a company we co-founded in 2009. Now,only 3 years since its inception, we have the great privilege of making our first asset rotation toCTG, the worlds foremost renewables owner. We continue our commitment to decarbonize theplanet and support our local communities through the delivery and construction of these assetsfor the long-term, together with our technical, financial and construction partners. This landmarktransaction with CTG Spain is the beginning of a long-term relationship which has tremendouspotential for the future.

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The Nexwell Group is an investment group that focuses its human and financial capital onlong-term sustainable initiatives that have a measurable impact on decarbonizing the planet.Nexwell understands that healthy investments are a result of nurturing ones community, the environment, and the bottom line. The Groups mission is to accelerate climate changesolutions.

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