Investor Presentaiton

Offshore market development - US Massachusetts Connecticut Target of 5.6 GW offshore wind by 2027 of which 3.2 GW has already been awarded Next OSW procurement for up to 3.6 GW released, with bid submission by January 2024 Target of up to 2.3 GW of offshore wind capacity by 2030, of which 1.2 GW remains available •CT targeting OSW procurement for up to 1.2 GW in 2023, potentially in coordination with Massachusetts Round 4 New York • Target 9 GW offshore wind by 2035. 4.3 GW awarded in total New Jersey Ongoing NY-3 RFP for 2.0-4.6 GW with estimated timeline for award in Q2 2023 21 September 2022, Governor Murphy announced an increase in the state's offshore wind goal to 11 GW by 2040 Third solicitation of between 1.2 GW and 4 GW with bids due in Q2 2023 and anticipated decision by the end of 2023 Maryland ⚫ Legislation setting 8.5 GW goal passed in April 2023 Rhode Island • California 20 20 Other Executive order signed to power the state with 100% renewable energy by 2030 Current OSW procurement for 0.6 - 1.0 GW with award expected in Q2 2023. Revolution Wind 2 is only bidder ⚫ In 2022 BOEM completed a sale of five seabed leases located in deep waters off California's central and northern coasts Preliminary planning target updated to 25 GW by 2045 ⚫ Louisiana's first ever Climate Action Plan outlined a 5 GW by 2035 offshore wind goal BOEM lease auctions expected in Gulf of Mexico, Central Atlantic, Oregon, and Gulf of Maine between 2023 and 2024 All auction and tender timelines and capacities based on current expectations and subject to change Orsted

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