Solar Foods Proceeds With Factory 02 With Partners, Specifies Financing Needs

About this update from Solar Foods Oyj Class K

Solar Foods Oyj OMXHEX:SFOODS:SAID ON TUESDAY DECIDED TO PROCEED WITH FACTORY 02 FACILITY WITH NETWORK OF STRATEGIC PARTNERSCONSTRUCTION TO BE CARRIED OUT IN THREE PHASESCAPACITY OF FIRST PHASE IS 3.2 KILOTONS PER YEAR, TOTAL INVESTMENT EUR 134 MLN, INCLUDING PARTNERSSECOND PHASE CAPACITY 6.4 ANNUAL KILOTONS, TOTAL INVESTMENT OF EUR 182 MLN, INCLUDING PARTNERSPOTENTIAL THIRD PHASE TO INCREASE CAPACITY TO 12.8 KILOTONS PER YEARCOMPANY’S EQUITY REQUIREMENT WOULD BE ABOUT EUR 25–35 MILLIONOF EUR 110 MILLION NOTIFIED IPCEI GRANT, EUR 44 MLN HAS BEEN GRANTED, EUR 21 MLN RECEIVED, AND ABOUT EUR 23 MLN REMAINS UNPAIDEUR 66 MLN IS STILL UNGRANTEDIS EXPLORING IMPLEMENTATION OPTIONS WITH GOVERNMENT FOR UTILISING REMAINING GRANT NOTIFICATION FOR PROJECT ESTIMATES FOR COMPANY'S INCOME STATEMENT BY 2030: REVENUE EUR 97–119 MLNESTIMATES FOR COMPANY'S INCOME STATEMENT BY 2030: EBITDA EUR 34–42 MLN, EBIT EUR 31–37 MLN Source text for Workspace: Further company coverage:

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