Europe and Colombia Onshore Renewables Overview slide image

Europe and Colombia Onshore Renewables Overview

Realigning our business operations Northland has evolved to a technology-focused business unit (BU) operating model to support scalability globally. BUs are organized by our generating technologies vital to our business from an operating cash flow and growth perspective: Offshore Wind Onshore Renewables (includes onshore wind, ground mount and rooftop solar, and storage) Natural Gas & Utilities Hydrogen/Renewable Fuels Northland is driving business continuity for the organization by implementing our BU operating model in phases. 1. Includes Hai Long and Baltic Power 2. Includes Ball Hill, Bluestone, Jurassic and Alberta portfolio • Offshore Wind 0 Onshore Renewables NORTHLAND POWER TOP 10 Incumbent in Global Offshore Wind • Growth in near-term cash flow • M&A will continue to play a role to • • • Fastest Growing Renewables Technology Significant driver of value and growth over next decade 1.2 GW in operations and 2.2 GW1 of projects which will achieve financial close in 2023 • grow presence in select markets Focus will be on key markets including the US Northeast, Canada, Southern and Eastern Europe • 1.2 GW in operations and over 2 GW2 of projects across construction and identified growth pipeline Natural Gas & Utilities . Legacy assets provide stable free • cash flow to support growth initiatives . . Explore optimization and expansion opportunities to enhance value Grow EBSA's distribution business to provide additional growth • Hydrogen New growth area focus for Northland Exploring opportunities in energy storage and green hydrogen Maiden energy battery storage project in Ontario, largest in Canada and one of the largest on the continent
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