EGCO Group's investment in APEX represents a strategic move to expand its renewable energy portfolio in the US market. APEX, a private utility scale renewable development company, offers a hybrid business model of developing and operating renewable energy projects, which resonates with EGCO Group's mission to increase its renewable energy capacity to 30% by 2030. APEX's portfolio consists of 211 renewable energy projects, including wind farms, solar farms, hydrogen projects, and standalone battery storage projects, with significant capacity and growth potential. The partnership aims to complete the construction of seven renewable power plants in 2024, adding approximately 200 MW of total equity capacity to EGCO Group's portfolio. This includes wind farms, solar farms, and standalone battery storage projects that will sell electricity through power purchase agreements. EGCO Group's confidence in APEX's expertise and the US energy market's opportunities solidify their commitment to achieving energy transition goals and fostering a low carbon society.