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Title: O&L GROUP ANNOUNCES MAJOR INVESTMENT IN GERMANY'S LARGEST FLOATING PV PROJECT

WINDHOEK, NAMIBIA / BAD SCHÖNBORN, GERMANY 26 MARCH 2024 - The Ohlthaver & List (O&L) Group, a longstanding Namibian conglomerate with a wide-ranging portfolio across multiple sectors, is pleased to share the official groundbreaking of the Philippsee floating photovoltaic (PV) project in Bad Schönborn, Germany. The investment in this project, made through O&L Europe SE, the German Holding company of OLFITRA, marks a significant advancement in sustainable energy development in Europe and highlights O&L's dedication to environmental responsibility, social inclusion, and economic prosperity. With a workforce of over 5,500 employees and a history dating back to 1919, O&L has been a pioneer in various industries, prioritizing sustainable practices and making meaningful contributions to society and the environment.O&L Executive Chairman, Sven Thieme in a video message said: “This is a remarkable milestone in our collective journey. With immense pride, we join hands with our partners and co-investors, O&L Europe SE and Phillip & Co KG to celebrate the groundbreaking of what will soon stand as Germany's grandest floating solar park. Nestled in the picturesque landscapes of Bad Schönborn, this project epitomizes our resolute commitment to innovation and sustainability. We are truly proud of our century- old legacy, built on the O&L foundation of authenticity, care, and passion, and we remain committed to responsible stewardship, ensuring minimal impact on the environment through meticulous monitoring programs. As we set forth on this groundbreaking journey, we do so with a shared vision of a brighter, greener future.”"Our mission resonates with the global call for sustainable and ethically responsible development. Through investments in pro...

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