Free Market Performance and Investment Plans

A growing RES deployment on attractive assets return ... 2022-24 Gross capex Maintenance BESS 1.3 1.3 2021-24 Capacity evolution (GW) +23 GW enel 77 ~4 - 54 17 0.2 18.6 €bn 15.9 RES growth¹ 53.4 IRR-WACC 200 bps 1. It excludes stewardship capex for around 0.5 €bn. 2021 Ownership Stewardship 2024 BESS RES 52 62

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