Bremen, July 8, 2025 - Energiekontor AG ("Energiekontor"; $EKT (+0.73%) ), one of Germany's leading project developers and operators of wind and solar parks based in Bremen, has been awarded contracts for four further wind projects with a total generation capacity of around 125 megawatts in the Federal Network Agency's May tender. The projects are expected to reach financial close in the next step.

Four Energiekontor wind projects in Lower Saxony and North Rhine-Westphalia with a total nominal

with a total nominal capacity of around 125 megawatts have been awarded contracts in this year's second tendering procedure for onshore wind by the Federal Network Agency. The Federal Network Agency awarded a total of 372 bids with a total volume of around 3.4 gigawatts. The average volume-weighted award value amounted to 6.83 cents per kilowatt hour.

"We were awarded contracts for eight wind projects as early as March 2025. This means that twelve of our wind projects with around 317 megawatts have already been awarded by the Federal Network Agency in the first two tender rounds of this year. This is an excellent basis for the further implementation of our mature German projects in the pipeline. In the next step, all projects are to be brought to financial close so that the realization of the projects can begin," says Peter Szabo, CEO of Energiekontor AG

Bremen, July 3, 2025 - The Management Board of Energiekontor AG ($EKT (+0.73%) ) resolved today, with the approval of the company's Supervisory Board, to buy back shares again. In detail, the following resolutions have been passed:

• 1. the share buyback carried out on the basis of the resolutions of the Management Board and Supervisory Board of 30 May 2024, which took place from 14 June 2024 to 4 April 2025, has been terminated with reference to the underlying authorization of the Annual General Meeting of Energiekontor AG of 20 May 2020 to acquire treasury shares, which was valid until 19 May 2025.
• 2. on the basis of the new authorization of the Annual General Meeting of 2 July 2025, the company acquires up to 80,000 treasury shares in the period from 3 July 2025 to 30 June 2026 at the latest, whereby the buyback is limited to such a number of shares or to a total purchase price of a maximum of EUR 9,000,000. The shares will be purchased via the stock exchange.
• 3. the buyback is to be carried out by Quirin Privatbank AG in accordance with the safe harbor provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014 in conjunction with the provisions of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016. It is intended that Quirin Privatbank AG will make the decisions on the timing of the acquisition of the shares independently and uninfluenced by the company.
• 4. the consideration paid per share (excluding incidental acquisition costs) may not be more than 10% higher or lower than the average closing price for shares of the same class determined on the Frankfurt Stock Exchange during the last three trading days prior to the acquisition of the shares.
• 5. the acquired shares shall be used for all legally permissible purposes.
• 6. all transactions shall be announced weekly on the company's website after they have been executed.

Today, the Annual General Meeting of $EKT (+0.73%) took place as an in-person event and as it is a stone's throw away from me, I made my way into the pleasantly air-conditioned event hall in this heat and listened to the Board of Directors.

The event was marred by the poor result for 2024 and the cut in the dividend by over 50%, although this had been known for some time beforehand. The insights and outlook were interesting. The delayed sales, which led to a significantly lower result than expected for 2024, were largely realized this year. The delay was mainly due to regulatory and other approval-related circumstances. The outlook for 2025 looks much better and is back on target. The pipeline is convincing and I remain positive about $EKT (+0.73%) I remain invested and will probably increase my stake when the time is right.

Despite the small number of participants, at least I was able to make out some familiar faces from the financial scene. A nice chat with Jonathan Neuscheler from abilitato.de, who was there to my surprise, and a brief exchange with Matthias Schmitt from finanzgeschichten.com rounded off the event.

Fun fact on the side... just as the Management Board announced that Energiekontor had withdrawn from the wind project in Dakota due to the political conditions in the USA, the news ticked through the media that the subsidy cuts in the USA were milder than expected for the time being and the share price rose by up to 5% at its peak until the end of the Annual General Meeting. 😇😂

All in all, a solidly operating company with a concept that I find convincing. Unfortunately, the share still flies too much under the radar and is reduced too much to wind energy and the solar park share in various countries is ignored. For me, it remains an exciting stock apart from my dividend strategy.

Bremen, June 27, 2025 - Energiekontor AG ("Energiekontor"; $EKT (+0.73%) ), one of the leading German project developers and operators of wind and solar parks based in Bremen, has reached financial close with the Nartum wind farm project in the district of Rotenburg in Lower Saxony and successfully brought the project to construction maturity. The wind farm is to be transferred to the company's own portfolio once it is commissioned. Energiekontor will thus expand its own wind farm portfolio to around 650 megawatts in the coming years.

After Energiekontor received planning permission for the project in August 2024 and successfully participated in the German Federal Network Agency's EEG tender in February 2025, the project has now reached financial close. Four Nordex wind turbines with a rated output of 5.7 megawatts each are to be erected at the site. The hub height of the N149 turbines is 164 meters and the rotor diameter is 149 meters. The average expected annual yield of the wind farm from the first full year of operation is around 66 gigawatt hours - enough to supply more than 20,000 average households with renewable electricity and save more than 50,000 tons of CO2 per year.

According to the current planning status, the wind farm is scheduled to go into operation in 2027. Construction work is scheduled to start at the beginning of 2026. The background to this is a still outstanding exchange of support masts, which is required to connect the wind farm to the high-voltage grid via a transformer station. With the commissioning of the new wind turbines, Energiekontor plans to transfer the wind farm to its own wind farm portfolio and expand the total generation capacity of the Group's own portfolio by around 23 megawatts.

"In recent months, we have been able to expand our own wind farm portfolio with high-performance new wind farms and further diversify it technologically. We are resolutely driving forward the expansion of our own power generation portfolio in order to continue growing in this segment alongside our project development business and to make a sustainable contribution to achieving climate targets as an independent power producer. Including this project, a total of eight wind and solar parks in Germany and France with a generation capacity of just over 200 megawatts are currently under construction or in preparation for our own portfolio. This will increase the capacity of our own portfolio to around 650 megawatts over the next few years," says Peter Szabo, CEO of Energiekontor AG.

Bremen, June 24, 2025 - Energiekontor AG ("Energiekontor"; $EKT (+0.73%)), one of Germany's leading project developers and operators of wind and solar parks based in Bremen, has sold a German wind farm project to several private investors.

The onshore wind farm project sold is the Drensteinfurt-Rieth project in the district of Warendorf in North Rhine-Westphalia. The buyers of the turnkey project are several private investors. The wind farm will have a total generation capacity of around 11 megawatts. Two Enercon E-160 EP5 wind turbines are planned for the site. The individual turbines each have a hub height of around 120 meters and a rotor diameter of 160 meters. The average annual yield of the wind farm is expected to be around 24 gigawatt hours from the first full year of operation - enough to supply more than 7,000 average households with renewable electricity and save more than 18,000 tons of CO2 per year. The project has been awarded an EEG surcharge by the Federal Network Agency as part of last year's August tender. From commissioning, the wind farm will benefit from Energiekontor's many years of operational management experience and optimization support.

"This transaction is now the second project sale this year, which is very pleasing. At the beginning of June 2025, we already sold a very attractive Scottish ready-to-build project, which will make an important contribution to earnings for the current 2025 financial year. Two additional transactions are also currently in the final stages. In addition, further sales negotiations are underway for various projects in Germany and abroad, which should be successfully concluded in the coming weeks and months," says Peter Szabo, CEO of Energiekontor AG. "Apart from that, we are working consistently on the expansion of our Group-owned park portfolio, our second important pillar for regularly recurring income from our own renewable electricity generation."

The Eco-Management and Audit Scheme (EMAS) is an instrument developed by the European Union to systematically record and improve the environmental performance of companies and other organizations. It covers all the requirements of the internationally recognized environmental management standard ISO 14001 and goes beyond this in its specifications. The successful recertification underlines $EKT (+0.73%) once again underlines the fact that sustainable management is not just an aspiration, but an integral part of the company's values.

Energiekontor was certified according to EMAS for the first time in 2022. In the course of this, Energiekontor set itself various environmental targets as part of an environmental statement, which have now been almost fully achieved. The recertification is also accompanied by the publication of an updated environmental statement for the Bremen site, which can now be viewed at www.energiekontor.de/investor-relations/nachhaltigkeit-esg can be viewed with immediate effect. This provides information on the progress made to date and the next measures for further optimization of environmental performance.

"Sustainability and environmental awareness have been firmly anchored in our corporate philosophy since Energiekontor was founded. The renewed EMAS certification is both a confirmation and an incentive for us - it shows that we are consistently pursuing our environmental goals and constantly expanding our systematic commitment to environmental protection. Thanks to EMAS, we can present our measures and progress in a transparent and measurable way and thus make an effective contribution to a sustainable future," says Günter Eschen, member of the Management Board of Energiekontor AG.

Bremen, June 10, 2025 - Energiekontor AG ("Energiekontor"), listed in the General Standard $EKT (+0.73%) Energiekontor AG ("Energiekontor"), one of the leading German project developers and operators of wind and solar parks based in Bremen, has sold a Scottish wind farm project to the global energy supplier Uniper.

The onshore wind farm project sold is a project in the south-west of Scotland. The buyer of the project is Uniper UK, a subsidiary of the Düsseldorf-based global energy company Uniper. The wind farm will have a total generation capacity of around 46 megawatts. A total of seven Nordex N163 wind turbines are planned for the site. The individual turbines each have a maximum total height of 200 meters and a rotor diameter of 163 meters. The average expected annual yield of the wind farm from the first full year of operation is around 158 gigawatt hours - enough to supply more than 66,000 average households with renewable electricity. From commissioning, it will benefit from Energiekontor's many years of operational management experience and optimization support.

In October 2023, Energiekontor had already successfully participated with the project in the fifth tender round of the British Department for Energy Security and Net Zero (DESNZ) for the allocation of a Contract for Difference (CFD) and was awarded an inflation-indexed feed-in tariff, from which the wind farm will benefit from commissioning.

"We are delighted to have successfully brought this first joint project with Uniper to this important milestone. This project makes a further important contribution to the expansion of renewable energy in the UK. With the sale of the project, we can now enter the realization phase with Uniper," said Peter Szabo, CEO of Energiekontor

AG.

I have been intensively involved in the real estate sector and have discovered some supposedly exciting companies such as

$SPG (-0.41%)
$GLPI (-0.1%)
$CUBE (-0.97%) and $BRX (-0.45%) discovered.

But there are special features to the valuation of REITs. 🧐

Traditional key figures such as high returns on capital or margins are often misleading, as REITs are legally obliged to distribute at least 90% of their taxable income 🤑 and are also highly leveraged.

In order to better assess REITs, I have read up on the subject and adjusted my valuation standards. Instead of adjusted earnings, I now focus more on funds from operations (FFO) and adjusted funds from operations (AFFO), which more realistically reflect operating profitability.

Here are some of the companies that I find particularly interesting:

• Public Storage $PSA (-1.15%) Leading provider in the self storage segment with an FFO yield of approx. 5.9%

• Prologis $PLD (-0.57%) Global leader in logistics real estate with strong growth

• Equinix $EQIX (+0.15%) Data center operator with a scalable business model

• Agree Realty $ADC (-0.1%) Focus on retail properties with long-term rental agreements and an FFO yield of approx. 5.7 %.

I also see Energiekontor $EKT (+0.73%) as an alternative real estate investment 🤓. Energiekontor currently operates 39 of its own wind and solar parks, which generate electricity revenues instead of rental income.

Which companies do you see as particularly promising for a long-term investment?

The search for quality stocks in the energy sector is more challenging than in many other sectors. The high cyclicality, strong dependence on commodity prices and capital cost-intensive business models often lead to fluctuating margins, low returns on capital and balance sheet weaknesses.

Despite these challenges, there are companies that stand out positively thanks to their solid financial position, strategic focus or innovative business model. Here I present a selection that I find interesting despite certain compromises:

Energiekontor $EKT (+0.73%) (growth value, cash flow oriented)

Texas Pacific Land $TPL (+1.08%) (extremely profitable)

Hess $HES (+5.4%)(cooperates with $XOM) (-1.28%)

EOG Resources $EOG (+0.65%) (high ROIC)

Which companies do you see as particularly promising for a long-term investment?

Position increased after I placed a first tranche last week. Depending on the market trend, I will continue to add to the position piece by piece.