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Investor Presentaiton

STRONG GROWTH FORECAST AND SIGNIFICANT POTENTIAL Ocean Annual FPV installations1 (MWp) | Forecast 2 781 I I 2 198 57 359 101 786 1 374 1 086 1 738 Capacity vs. market potential (GWp) 7 600 2015 2016 2017 2018 2019 2020E 2021E 2022E 2023E 1 10.5 2023E FPV Capacity Forecast Sources: 1) Wood Mackenzie, Research and Markets. 2) NREL. 3) International Energy Agency. 4) SERIS. The Company NREL Market potential² Sun • NREL has identified 7.6 Terawatts of FPV market potential, or equivalent to ~50% of the worldwide electricity demand in 20183 Reservoirs represent a significant opportunity, given significant synergies with hydropower . • • • Minimal surface area required to equal hydropower output (<5%)4 Existing power grid infrastructure on-site Less water evaporation Smoother power production profile (day vs. night, sunshine vs. rain) 21
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