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Investor Presentation

Investment Thesis Rapidly scaling renewable IPP • · Full life cycle approach; origination through asset management Geographically diversified portfolio with 12%+ unlevered after-tax IRRs¹ Reliable recurring revenue generation from growing operating portfolio Project experience · • • Team of ~70 with specialties across all stages of project lifecycle 750+ projects executed 500+ Megawatts (MW) of project experience Significant portfolio with massive IRA2 tailwind • · • • 343MW under active development; 3GW pipeline Portfolio distributed across 12 states; 4MW average project size Includes community solar, PPAs, and energy storage projects 1 Also diversified by placement (ground mount or rooftop) and by business model including PPAs and Community Solar. 2 Inflation Reduction Act, passed Aug. 16, 2022 expanded and extended Investment Tax Credit for solar and other clean technologies. UGE TSXV: UGE | OTCQB: UGEIF G 3
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