1H 2023 Update & Highlights slide image

1H 2023 Update & Highlights

DEVELOPMENT PIPELINE 39 GW of development pipeline comprising over 200 projects across business units Breakdown Breakdown by Business Units: Development Stages 16% 33% Early-stage Identified Most advanced Assessed Technically Feasible Commercially Feasible Ready-to-Contract/Bid 39GW As of 1H 23 c. 23GW c. 12GW Stages determined by five key development milestones covering: 1) Site Control 2) Offtake/Revenue Streams 3) Permitting 4) Interconnection Offshore Storage1 5) Technical and engineering assessment c. 4GW ✓ Land exclusivity secured / awarded at tender ✓ Offtake negotiations advanced ✓ Pre-construction development permits received ✓ Grid rights secured / awarded at tender Engineering design & technical due diligence completed 51% Onshore Breakdown by Regions: 3% 20% 33% 39GW As of 1H 23 Japan Southeast Asia 44% North Asia & Australia ■India 1H 2023 Development Updates ■ ~1GW additions to Ready-to-Contract/ Bid pipeline driven by the progression of onshore development projects in South-East Asia ■ ~1GW additions to Technically and Commercially Feasible pipeline including onshore projects in South-East Asia, Japan, and India and energy storage projects in Japan ■ ~1GW progressed from Assessed pipeline, predominantly across North Asia and Australia VENA ENERGY Notes: (1) Storage includes battery energy storage system and green hydrogen 6
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