Investor Presentaiton

☐ H NEW FRONTIERS ENERGY FUND INTRODUCTION / GOLDEN VISA / A GOLDEN OPPORTUNITY / COMPANY INTRODUCTION INITIAL TARGET - "ACORDO LIST" The Portuguese government's General Directorate of Energy and Geology's (DGEG) has set an ambitious target of 8.1 GW to 9.9 GW in installed solar capacity by 2030. At the end of 2020, solar power installed capacity totalled 1.03 GW and represented only 3.6% of total power generation in 2020. This target is likely to be revised upwards therefore there is significant political impetus to fast-track solar projects throughout the country. The Portuguese government created the "Acordo" scheme in 2019. The scheme was created to facilitate further production of solar projects and to meet the DGEG's goals. Once a permit is granted under the Acordo scheme, it solely allows solar producers the opportunity to sell capacity into the grid. An Acordo license does not however provide an automatic DIA/ environmental study license, nor does it provide a construction license, municipality sign off or central grid connections. 9.9GW The Portuguese government's target for total installed capacity by 2030 CORPORATE PRESENTATION NEWFRONTIERSENERGY.COM / 09

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