The Helios Group presents it's 2019 yearly statement containing information about the activity of the group in the renewable sector in Ukraine.

1. 20
1 9
ANNUAL REPORT
Helios Group

2. TABLE OF CONTENTS
Company Profile
03
Operating Environment
08 Consolidated Statement of Financial Position
10 Consolidated Income Statement
11 Overview of our Solar Power Plants
05

3. 01 Company
Profile
PAGE 03
Total capacity in 2019
20.5
MWp
Net profit in 2019
€ 2.1
millon
Helios Group is a Ukrainian group governing special project
vehicles in the field of renewable energy. Its mission consists in
searching for and developing new investment opportunities for
the partners. Since 2013 the members of the group participated
in construction and put into operation six solar power plants
around the country. Today, while investing its own capital, the
group also seeks to attract international finance for renewable
energy projects in various regions of Ukraine.
Solar power stations
6
Revenue Growth in 2019
68%
Capacity of projects under
development
25 MWp

4. Each of the projects is oriented on
long term efficiency which
guarantees maximum payoff of the
investments made. Members
strongly believe that contributions
into renewable energy is not only
secured capital investments but
also a path to energy
independence.
Power plants managed by the group
have the most advanced equipment
manufactured by world leaders
(Huawei, Fronius, TrinaSolar,
Chaori Solar, Sungrow, Siemens)
and only high-profile
contractors are engaged into the
process of construction,
maintenance and service.
One of them is Solartec – longtime
EPC-partner which has almost thirty
years of international experience in
renewable energy market.
SPPs supply the produced
electricity exclusively to
SC"Guaranteed Buyer" under Feed-
In Tariff set by Ukrainian
government under a contract valid
until 01.01.2030.
PAGE 04
Capacity
Growth
since 2013

5. The world of energy is witnessing
rapid and far-reaching changes.
Cost reductions, innovation and
policy frameworks are driving an
unprecedented growth of renewable
energy across the globe. The
imperative to tackle climate change
and to advance sustainable
development are further
strengthening the momentum of this
energy transition. As a result, many
countries are raising their level of
ambition to accelerate renewables
deployment.
The IEA’s 2019 market analysis
report forecasts that the world's
total renewable-based power
capacity will grow by 50%
between 2019 and 2024. The
hkhkh
global solar power market size was
680 GW in 2019 and is projected to
reach 4767 GW by 2026.
The share of renewables within the
total energy mix of Ukraine is still
very small, but is growing fast,
especially with the steep increase in
gas price and the adoption of
green-tariff price incentives for
electricity from renewable energy
sources in 2009.
The government set a feed-in tariff
for power produced from renewable
sources which was one of the
highest in the world - UAH 5.0509
(EUR 0.46) per kWh and two times
higher than the wholesale price
for power produced from
traditional sources. The
introduction of the green tariff has
boosted activity in the sector. Total
installed capacity of solar energy
installations more than doubled
in 2018 and as of 2019 stands at
4925 MW.
Other preferences include duty-free
imports and exemptions from value-
added taxes. Ukraine’s energy
hjbhb
Operating
Environment
PAGE 05
02
Solar panel pricing trends

6. strategy targets a level of 25% of
clean energy production by 2030.
Furthermore, Ukraine has the
higher solar irradiation potential
than Germany - the country with the
highest density of the solar
generated power in the world. The
average amount of solar energy
received annually in Ukraine is
about 1,200 kWh/m2.
In 2019 Ukraine has reaffirmed its
ambition to raise the share of
renewables in its energy mix at The
Ukrainian Renewables Forum on
June 24 and promoted new
legislation which comes into force in
2020.
Ukraine is now switching from the
green tariff to a new auction-based
hghjg
quota system. According to the
State Agency on Energy Efficiency
of Ukraine, such a system will
provide a fair market price for
“green” electricity, transparent
competition in the market, stable
development of “clean” energy and
guarantees to investors and
financial institutions regarding
project implementation.
Yearly average sun radiation
in Ukraine
1200
kWh/m2
per kWh
PAGE 06
Solar energy installed capacity
in Ukraine as of 2019
4925 MWp
Green tariff according to the
year of contract signature
Evolution of solar energy capacity
in Ukraine since 2009

7. Photovoltaic Power
Potential in Ukraine
PAGE 07

8. Consolidated
statement of
financial position
03
PAGE 08
In €, as at december 31 of each year

9. PAGE 09

10. PAGE 10
Equity contribution
trend in €
2 144 578814 262789 59776 2 144 578

11. 04
Consolidated
Income Statement
PAGE 11
In €, as at december 31 of each year
Revenue
Growth
since 2015

12. 05
CO2 emissions reduced
26.4 kt
Solar Power
Plants Overview
PAGE 12
Helios Energy
Commissioning date
July 2013
Location
Traktorna street, Radcha Ivano-
Frankivs'ka oblast
Station power
3993 kWp
Green tariff applied
€ 0.3392
Site area
8.7944 ha
Income in 2019
€ 2 011 224
Lifetime energy
26.5 GWh

13. PAGE 13
Commissioning date
May 2017
Station power
4047.08 kWp
Green tariff applied
€ 0.16
Traktorna street, Radcha,
Ivano-Frankivs'ka oblast
Location
Site area
79.128 ha
Solar Energy
CO2 emissions reduced
11.644 kt
Site area
7.9128 ha
Lifetime energy
11.679 GWh
HELIOS PROJECT
Location
Obyizna street, Cherniiv,
Ivano-Frankivs'ka oblast Green tariff applied
€ 0.15025
Cherniiv 1 Cherniiv 2 Cherniiv 3 Cherniiv 4
Income in 2019
€ 1 267 958

14. Cherniiv
1
Cherniiv
2
Cherniiv
3
Cherniiv
4Commissioning date
December 2019
Commissioning date
October 2018
Station power
4016.4
kWp
4039.2
kWp
CO2 emissions reduced
5.0314 kt
Site area
8.4571 ha
Lifetime energy
5.0465 GWh
May 2019
Commissioning date
Site area
8.448 ha
Lifetime energy
3.0394 GWh
CO2 emissions reduced
3.0303 kt
CO2 emissions reduced
0.023 kt
Site area
3.35 ha
Lifetime energy
0.023 GWh
Site area
4.745 ha
Lifetime energy
0.024 GWh
CO2 emissions reduced
0.024 kt
Station power
1742.4 kWp
Station power
2662 kWp
PAGE 14
Income in 2019
€ 1 739 879
Income in 2019
€ 1 314 176
Income in 2019
€ 138 568
Income in 2019
€ 190 327

15. JANUARY 2020