Investor Presentaiton

FLOATING PV IS ACCELERATING QUICKLY FPV is 15+ years behind ground-mount PV 700 600 500 400 Installed Solar PV capacity (GW) 300 200 100 0 Floating PV is catching up fast 3.0 586 GW Installed Solar PV capacity (GW) 2.5 2.0 1.5 1.0 .5 15-16 years 2.4 GW .0 1997 1999 2001 2003 Total PV - Cumulative¹ 2.8 GW 2005 2007 2009 2011 2013 2015 2017 2019 Floating PV - Cumulative² Ocean Sun Ground-mount PV reached the current installed floating PV capacity in 2003-04 Hence, floating PV is 15+ years behind regular ground-mount PV in terms of capacity installed 8 1 2 3 4 5 6 7 9 10 11 12 13 Years since 100 MW of capacity was installed Total PV (1992-2004) -Floating PV (2016-2019)² But floating PV capacity is catching up quickly, taking off faster than land-based PV in its initial years Floating PV benefits from development in regular PV and starts off with a much more competitive LCOE baseline than PV initially did 20+ years ago Sources: 1) BP Statistical Review of World Energy 2020, BNEF, IRENA, IHS (2000-2019), IEA PVPS (1992-1999). 2) TERI, SERIS. The Company 20 20

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