Europe and Colombia Onshore Renewables Overview slide image

Europe and Colombia Onshore Renewables Overview

Northland Growth Drivers - Market Selection Multiple Tailwinds Support Our Business Increased government support · US Inflation Reduction Act • • Canada - Proposed investment tax credits for renewables EU - European Green Deal, REPower EU and Green Deal Industrial Plan EU - Carbon Border Adjustment Mechanism (CBAM) Energy security in Europe and northeast Asia Corporate Net Zero targets and rise of corporate renewables power procurements Higher power prices Hydrogen and Storage policies Top Offshore Wind Markets 0 NORTHLAND POWER High Growth Onshore Renewables Markets Mature Emerging Previously Current Emerging • • Netherlands Germany UK (Scotland) Poland Taiwan South Korea Ontario Quebec New York Alberta Spain Colombia Poland Battery Storage Hydrogen Export ENERGY 2 STORAGE D2 Current Markets • Ontario New York Canada & Europe feasibility assessments 4
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