TransAlta Development and Strategic Accomplishments

North Carolina Solar Portfolio Highlights Contracted 100% Location North Carolina Size 122 MW Customer Duke Energy Technology Solar PV Term 12 years Acquisition November 5, 2021 EBITDA US$9 million COD dates ranging from Nov. 2019 to May 2021 Acquisition cost of US$99 million Expected production of approximately 195,000 MWh per year Long term contracted cashflows with investment grade counterparties 20 operating facilities across North Carolina ranging in size from 3.2 MW to 6.7 MW 23 23 Our 2nd solar portfolio in the US FACILITY SOLAR TransAlta

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