Our Subsidiary in Bolivia

LAGORIO ENERGIA SOLAR SRL.

Lagorio Energy Solar, SRL, a Bolivian corporation and a subsidiary of Panoply Energy, Inc., was formed to become a key private development and investment resource and ally of the Plurinational State of Bolivia in meeting its clean and renewable energy goals and objectives. Bolivia offers a unique combination of strong leadership, progressive policies, and vast natural resources to emerge as a major force and in the generation and supply of renewable energy in South America. We continue to work diligently with our multidisciplinary team to identify and evaluate solar and other renewable energy projects that greatly benefit the electrical system, the people and the government of Bolivia. Our projects are aligned with the same purposes and guidelines of the Plurinational State of Bolivia regarding the reduction of carbon dioxide emissions through the displacement of generation from thermoelectric plants and reduction of gas consumption. The same purposes and guidelines reflected in Bolivia’s Economic and Social Development Plan 2021 - 2025 and within the Electricity Plan of the Plurinational State of Bolivia 2025 - and the incentive of alternative electricity generation projects with as approved by the Ministry of Hydrocarbons and Energy in “Procedure for the Presentation, Evaluation and Approval of Electricity Generation Projects with Alternative Energies for Subjection to the Remuneration and Collection Mechanism,” through Ministerial Resolution No. 133-2022.