EDPR at a Glance

Our Sector Many reactions came with unprecedent strategic commitments to accelerate the energy transition Change is already happening... Inflation Reduction Act > $400bn in climate spending to reduce emissions >40% by 2030 Expansion and extension of PTCs and ITCs with 10+ years of full- value credits visibility, adjusted for inflation New tax credits implemented for clean hydrogen (up to $3/kg tax credit) and storage (eligible for ITCs for the first time) REPowerEU + >€200bn in grants by 2027 to achieve 45% RES generation and x2.5 RES capacity (vs. 2021) by 2030 Green Deal Industrial Plan & Market Design reflection Predictable and simplified regulatory environment (access to funding, skills, and open trade for resilient supply chains) The Wind Power Action Plan Improve & simplification of auction's design, digitalization commitments, action plan on grids & ensure fair market standards ... with existing challenges being addressed Long-term, predictable policy frameworks Simplified, effective administrative procedures > United edp Renewables Nations Net Zero by 2050 Unprecedented and structural tailwinds for the energy transition APAC Net Zero Path Increasing commitments, with RES generation targets scaling up Larger scale grid interconnections Source: IRA, European Commission, Press search CO 6

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