Investor Presentaiton

Forecasted renewable capacity build-out Global renewable energy capacity by technology¹ GW installed CAGR 2% Biomass Global offshore wind capacity excl. mainland China GW installed Americas Asia Pacific +26 GW/year North American renewable capacity by technology2 GW installed Biomass Batteries 32% Batteries +11 %/year 20% Offshore wind 4,542 13 % Small-scale PV 183 11% Utility-scale PV 176 9% Onshore wind 230 823 +8 %/year Offshore wind Europe 290 Small-scale PV 547 Large-scale PV 16 53 28 Onshore wind 53 303 420 94 +20 GW/year 13 65 66 161 152 1,559 303 242 120 1,641 +7 GW/year 16 2 33 33 143 11 36 236 +3 GW/year 171 132 40 57 59 536 12 227 199 1,571 10 97 24 134 679 11 43 86 24 2020 2030 2015 2020 2025 2030 2035 2015 2020 2025 2030 (Post-COVID-19) 14 1. Excludes solar thermal, geothermal, marine, tidal, and others which combined account for less than 1% of capacity, 2. North America includes the United States and Canada. Excludes solar thermal, geothermal, marine, and tidal which combined account for less than 1% of capacity, 3. Considering 30 GW offshore wind capacity target announced by US administration Source: BNEF New Energy Outlook 2021 for capacity of all technologies except offshore wind. Offshore wind figures from BNEF Offshore Wind Market Outlook H2 2021 Orsted

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