Investor Presentaiton

Potential of +60 GW offshore wind by 2035 in Europe with new accelerated societal value-approach Operational capacity¹ GW Accelerated build-out Current build-out targets Operational 30 170 230 30 +35% additional capacity 25 75 70 Operational 2020 Current policy Indicative net- targets by zero scenario 2030 2035 by 2035 Accelerated (on-top) build out until 2030 Accelerated 2035 (on-top) build- accelerated scenario out until 2030-2035 Increased offshore wind ambitions 30 GW by 2030 (up from 20 GW) Up to 50 GW by 2030 (up from 40 GW) 21 GW by 2030 (up from 11 GW) Minister of Energy called to raise OSW target to 8 GW by 2030 (up from 5.7 GW) Proposal of additional 1-4 GW OSW by 2030 (On top of 7.2 GW) 4 1. Current European 2030-targets of 60 GW (EU27) and 40 GW for UK. Projected build-out from 2030-2035 of 70 GW based on Ørsted analysis of nine European markets and Wind Europe 'Our Energy - Our future' (2019). Orsted

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