Twenty-year, fixed-price power supply agreements underpin double-digit target returns for SunScout, with a pipeline of more than 230 additional megawatts under discussion

Palmerston North, New Zealand, Aug. 14, 2026 (GLOBE NEWSWIRE) -- SunScout Holding Limited (NYSE American/NYSE Texas: SNSC) ("SunScout" or the "Company"), a clean-technology company developing and commercializing autonomous, solar-powered robotic mowers and related solar energy solutions, today announced a memorandum of understanding ("MOU") with Alta Renewables, Inc. ("Alta Renewables") to build, own, and operate a portfolio of four shovel-ready solar-plus-storage projects totaling 87.5 megawatts-peak ("MWp") across the Philippines. The MOU anticipates that SunScout will fund construction of each plant, take on long-term ownership, and operate them across 20-year, fixed-price power supply agreements — while Alta Renewables remains involved as co-development and operations partner. The MOU is SunScout's first project cooperation since completing its listing on the NYSE American and NYSE Texas exchanges on August 13, 2026.