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Investor Presentation

Commercial Solar Solar Alliance targets commercial and small utility solar projects to generate near term revenue. The commercial solar market consists of on-site solar installations for businesses, non-profits and governments. Annual Installed Capacity (MWdc) Commercial Solar PV Installations & Penetration Growth 1,800 1,600 1,400 1,200 1,000 800- 600- 1.1% 1% 0.9% 0.8% 0.7% L 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0% 30 2020 2021 With a little more than 1% of commercial electricity demand served by on-site solar, there remains significant opportunities for growth. Solar Alliance has been rapidly scaling in this segment in recent quarters and expects continued double digit organic growth moving forward. 400 200- 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 Estimated Share of Total Commercial Electricity Sales Annual Commercial Solar Installations Source: SELA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight Q3 2022 TSX-V: SOLR Share of Total Commercial Electricity Sales Solar Alliance | 8
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