Alternus Energy SPAC Presentation Deck

REINVESTMENT OF IN-HOUSE INSTALLATION (EPC) MARGINS FURTHER SUPPORTS "SELF-FUNDED" GROWTH Illustrative Alternus solar park CapEx components and funding sources Alternus' EPC margin Modules Inverters Balance of System + Grid Project Rights c. 10% Notes (1) LTC - Loan to cost c. 40% c. 10% c. 25% c. 15% Total project capex c. 80% Senior debt financing LTC¹ c. 20% Required project funding -c. 10% Reinvestment of EPC margin Cash available for reinvestment c. 10% Alternus project equity contribution Operating Model Overview 26 Alternus typically achieves a gross margin of circa 10% on its EPC activities ▪ Reinvestment of this margin in the projects reduces need for new project equity Senior debt remains below 75% LTV which is within normal banking parameters Organically developed assets will require a lower Projects Rights% of the total costs as Alternus will develop projects in-house. This has the potential to reduce the project equity contribution

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