VivoPower International PLC Announces Completion of Electrical Works for 89 MWdc Goonumbla Solar Project

LONDON, June 03, 2020 (GLOBE NEWSWIRE) — VivoPower International PLC (Nasdaq: VVPR) (“VivoPower”), a global solar power company, is pleased to announce that its wholly-owned subsidiary in Australia, J.A. Martin Electrical Pty Limited (“J.A. Martin”) has recently completed all electrical works for the 89 MWdc Goonumbla Solar Farm near the town of Parkes in New South Wales, the city made famous for broadcasting images of the Apollo 11 moon landing. The project was completed in partnership with lead contractor Grupo Gransolar (“GRS”).

Energised earlier this month, the Goonumbla project will generate approximately 195,000 MWh of clean energy per year, enough to power 45,000 homes and avoid 140,000 tonnes of carbon dioxide emissions. Electricity produced by the project will be sold under a power purchase agreement with Australian Federal government-owned generator and retailer Snowy Hydro Limited.

Phil Lowbridge, General Manager of J.A. Martin, said, “Goonumbla represents the largest solar project that we have completed works on to date. We’re very excited to achieve this milestone and look forward to continuing to grow both our relationship with GRS and our position as a leading solar solutions provider in Australia.”

About VivoPower

VivoPower is an international solar and critical power services company, providing critical energy infrastructure generation and distribution solutions to a diverse range of commercial and industrial customers, including the development, construction, and sale of photovoltaic solar projects.

About J.A. Martin

J.A. Martin is a wholly-owned subsidiary of VivoPower in Australia. Founded in 1968, J.A. Martin specialises in delivering industrial electrical engineering and power services, including solar engineering design, procurement and construction (EPC).

About GRS

GRS is a company specialized in the construction of photovoltaic plants and their connection to the grid, with a great international projection and operating in the five continents. With more than 14 years of experience and 97 plants operating worldwide, our services and solutions guarantee the viability of any installation. Recently, we have reached 2GW of installed power with projects as relevant as one of the largest photovoltaic plants in the world, built in the Middle East and North Africa region; two of the largest solar plants in South Africa; the largest solar park in Panama in operation; or one of the largest plants built in Australia. Our business strategy, which consists of developing, building and operating small and large-scale projects, adapting ourselves to the needs, has allowed us to reach an optimum level of excellence to continue growing as one of the leading EPC contractors at an international level.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

Contact

Investor Relations

shareholders@vivopower.com

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