TransAlta Development and Strategic Accomplishments

The Global Race to Decarbonize is On Global efforts to decarbonize are accelerating at a rapid pace Strong political support gaining momentum with explicit net zero goals Technology cost of renewables and energy storage declining rapidly and competing with fossil fuel generation SIGNIFICANT INVESTMENT REQUIRED TO MEET THE CHALLENGE $0.8 trillion - $1.8 trillion per year 2.5x to 6x higher than today 505 GW OF NEW WIND PER YEAR Corporations are delivering leadership by committing to net zero goals Investors are ramping up clean investments towards net zero push + 11 Source: Bloomberg NEF New Energy Outlook 2021 455 GW OF NEW SOLAR PER YEAR 245 GW OF NEW STORAGE PER YEAR TransAlta

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