S&B USA (previously Shikun and Binui America) has signed a definitive agreement to acquire 100% of
Brazoria West Solar Project with 260 megawatts (MWdc) (200 MWac) of planned solar energy productivity
from Savion, part of Macquarie’s Green Investment Group.

“Shikun and Binui continues to expand its operations and asset base in the U.S.,” stated Allon Raveh,
CEO of S&B Concession. “With the continuous penetration of renewable energy in the U.S. market, we
are excited to continue to grow our U.S. renewable energy portfolio and believe it will become an
increasingly important portion of our entire U.S. activity.”

“Savion is pleased to partner with S&B USA to complete the financing and construction of Brazoria West
Solar Project. The S&B USA team is deeply committed to the project, and we thank them for their
dedicated work with our staff,” said Nick Lincon, Savion president. “We are also grateful to the
residents, landowners, and local officials of the Brazoria County community for their support of the
project.”

The construction at Brazoria West Solar Project, located in Brazoria County, 40 miles southwest of
Houston, Texas, will start in Q2 2021; the Commercial Operation Date (COD) is expected to be in Q2 2022.
The project is expected to have the total output capacity of producing 200 MWac of clean, renewable
solar energy—the equivalent to power approximately 37,100 Texas homes.

“It’s exciting to get into the mid‐stage of solar energy development and see it through construction and
operations,” said Kevin Yaich, Head of S&B USA Energy and former Director of Mergers & Acquisitions at
NextEra Energy Resources. “We will continue to build upon our renewable energy portfolio and are
actively pursuing other assets at this time.” This is the second acquisition and will be the third renewable
asset for S&B USA Energy, after acquiring Beacon II and Beacon V in late December 2020.

Brazoria West Solar Project will supply power to the Houston area and has already secured one
commercial and industrial Power Purchase Agreement (PPA) and another PPA with an energy trading
company.

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