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Company Response

Aquila Capital responded

...As a responsible investor and signatory to the PRI, we are committed to contributing to the European energy transition through the financing of sustainable investments and by providing investment solutions that reduce carbon emissions. Aquila Group employs a fully integrated investment and asset management approach and incorporates ESG criteria throughout the entire investment process...

Øyfjellet Wind Park has been through an extensive licensing process with approval from local and national Norwegian authorities...

[T]he Sami people had the right to be consulted, and Jillen-Njaarke district has been actively involved in the licensing process. The district´s priorities have been given considerable weight in the assessment by the NVE and the Ministry. As the district appealed the decision of NVE, the Ministry was required to make a final decision based on a thorough independent judicial assessment. The judicial report specifically addressed Sami rights, and concluded that the establishment of the Øyfjellet Wind Park is not in conflict with the UN convention on civil and political rights art. 27.

In conclusion, we would like to point out that as a responsible investor it is of paramount importance to us to recognise the heritage as well as the cultural and economic significance associated with Sami reindeer husbandry for the Sami district. We continue to work with all relevant parties to secure a mutually beneficial future.

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