PETRO MATAD LIMITED - Renewable Energy joint venture investor Presentation

Petro Matad's Sunstep JV targets $20-30m in Mongolian renewable development fees by 2027, but remains pre-revenue while PetroChina still won't sell its stored oil.

• Four exclusive projects, 570MW: Mandalgobi and Arvaikheer (each 135MW solar + 100MW/400MWh battery) target financial close and first revenue from 2027, alongside Khonuu City (100MW) and a hybrid wind/solar project.
• $20-30m development fee target: Sunstep's capital-light model aims to earn roughly $20-30 million in development premiums from its four exclusive projects over three years, plus option to retain up to 30% equity.

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