Investor Presentaiton

4 02. Key investment highlights Compelling growth targets and future pipeline, backed by strong development track record ...on the back of strong in-house development and M&A track-record as well as long-lasting relationship with energy regulators M&A construction In-house development & Operational facts (COD) Corporate facts 2007 + Albanella (9MW) + Agrigento (34MW) Dismissal of investments other than renewables Disposed some solar PV plants (19MW) Repayment of the existing Issuance of a €200m green bond Issuance of a €300m green bonds Disposed remaining solar PV plants (4MW) to focus on wind onshore Fri-El acquires control of Ale- rion through a tender offer, reaching 84% stake bond and issuance of a €150m retail bond 2008 2009 2010 2011-2012 2013-2016 2017 2018 2019 2020 2021/2022 + Lacedonia (15MW) + Ordona (34MW) + San Martino in + San Marco in Pensilis (58MW) Lamis (44MW) +Callari (36MW) + Castel di Lucio (23MW) + Licodia (22MW) San Marco in Lamis and Racale (3MW) Brindisi, Acquaviva and Pontenueve (6MW) Castellaneta (14MW) + Ciorlano (20MW) + Krupen - Bulgaria (12MW) + Villacidro (31MW) + Albareto (20MW) + Morcone- Pontelandolfo (52MW) + Fri-El Campidano (70MW)' + Anzi (16MW)' + Grottole (54MW)' + Nulvi-Tergu (30MW)' + Ricigliano (36MW)' + San Basilio. (25W)' + Ururi (26MW)' 11 solar PV plants Romania (80MW) +2 onshore wind plants Italy (62 MW) + Comiolica - Spain (36MW) + Regalbulto (50MW) Gross installed 43 117 179 273 311 307 306 337 564 751 capacity (MW) 893 ALERIONCLEANPOWER Notes 1 Plant developed and constructed at Fri-El level + Wind onshore Solar PV 15

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