Investor Presentaiton

Maximize Deployment of Lower Cost RE ⚫ DOE in consultation with NREB had calibrated the 3 year "installation targets" to maximize the deployment of more cost competitive alternatives - hydro & biomass Technology Proposed (MW) NREB Approved (MW) Increase /Decrease) Solar 235 50 (78%) Wind 710 200 (72%) Hydro 131 250 90% Biomass 357 250 (30%) Ocean 10 10 TOTAL 1,443 MW 760 MW (47%) •Beyond this, a diverse mix of technologies is critical to the power system's reliability (e.g. Mindanao's energy mix is highly dependent on hydro; sustainability of biomass for fuel over 20 years). 25

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