Zorlu Enerji Completes Sale of Its Energy Investments in Israel

Zorlu Enerji completed the sale of its minority stake in natural gas power plants in Israel, ending all electricity generation and sales operations in the region.

Zorlu Enerji, one of Turkey's leading renewable energy companies, took an important step in line with its strategy to focus on sustainable energy. In this process, Zorlu Enerji first transferred its stakes in the Ashdod and Ramat Negev Natural Gas Power Plants last year, and then completed the sale process of its 25% stake in Dorad Energy Ltd., which began in March 2025. Thus, Zorlu Enerji concluded its exit process from all energy investments in Israel.

Zorlu Enerji Chief Executive Officer Elif Yener made the following statement regarding this important decision by the company: "We have completely exited our energy investments in Israel. This step is also a strong indication of our commitment to ending our fossil fuel-based investments. With the vision of becoming the energy company of the future, we aim to lead the transformation in the sector. We will continue to focus all our resources and energy on growth in renewable energy, research and development activities, and future energy technologies. As Zorlu Enerji, we operate with an integrated structure that includes electricity generation, sales, trading and distribution, solar panel trading, electric vehicle charging station installation and operation. Reducing our carbon footprint, producing environmentally friendly solutions and increasing our resource diversity are among our most fundamental priorities. For this reason, we source 100% of our electricity generation in Turkey from renewable sources, and within our integrated structure, we invest only in renewable energy and solutions."

Zorlu Enerji's Public Disclosure Platform announcement:
"Within the scope of our special situation announcements dated 06.03.2025, 17.04.2025 and 14.07.2025 regarding the sale of all of our company's stakes in Dorad Energy Ltd. ("Dorad"), which correspond to 25% of Dorad's capital;

The sale of all of our final 15% stake, corresponding to a total of 1,596 shares each with a nominal value of 1 New Israeli Shekel (NIS), which is subject to the pre-emption rights of Dorad's current partners, was completed due to Edelcom Ltd.'s failure to complete the necessary legal approvals within the required period. Under the signed share purchase agreement, for 10% of our stakes in Dorad, the sale to the Phoenix Group was made, and for the same stake value, the sale to Ellomay Luzon Energy Infrastructures Ltd. was completed at a price of NIS 424,412,664.
The final sale price for the transaction will be finalized following any tax-related adjustments.
With the sale of all our stakes in Dorad, all of our activities related to electricity generation and sales in Israel have ended.

Respectfully announced to the public."