Investor Presentaiton

Projects Pipeline ■ South Evoia (Karifeas) ■ Evritania Taratsa ■ Peloponnese Waste Management Project *TERNA ENERGY GE K TERNA GROUP Current CAPEX Pipeline Capacity Total Project Cost¹ Project Finance Debt Equity / Cash 7% 16% 429M W 77% UNDER CONSTRUCTION/READY TO BUILD Peloponnese Waste Management South Evoia (Kafireas) Taratsa Evritania TOTAL 15% 4% 10% €804m 71% 4%7% 11% €581m 78% 11% 5% 11% €157m 73% Capacity Total Project Type Cost¹ Cash Grant/Tax Equity Expected Project Finance Debt Equity / Cash commercial operation €m €m €m €m Waste 2.4 MW 123 66 40 17 2021 Wind 330.0 MW 569 455 114 2022 Wind 30.0 MW 31 23 8 2021 Wind 67.0 MW 81 63 18 2022 429.4 MW 804 66 581 157 1. Total project cost = Cash grant/Tax equity + Project finance Debt + Equity 10

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