Investor Presentaiton

Spain A Leading Onshore Renewables Portfolio • • • • • Acquired a portfolio of 551 MW (net) of onshore renewables with a regulated tariff ~80% of the portfolio consists of onshore wind assets, with the balance comprising solar PV and Concentrated Solar Power (CSP) Positions Northland as top 10 owner of operating onshore renewables in Spain and provides better access to growth opportunities locally and elsewhere in Europe Assets are supported with a regulated tariff with more than 13 years remaining of regulatory life Immediate cash flow contribution to further support offshore development strategy/initiatives Portfolio benefits from a diversified mix of equipment suppliers and OEM providers, mitigating exposure to any single manufacturer or service provider Onshore Wind Solar PV Concentrated Solar Power Net Capacity Project(s) 435 MW 66 MW 50 MW 14 18 1 Average Asset Age 11 Years 10 Years 10 Years Fully Regulated Yes Yes Yes 26 ☀ ☀ ☀ ★Madrid Operating portfolio supplies over 270,000 of households with energy Wind -☀- PV Concentrated Solar Power NORTHLAND POWER

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