Investor Presentation
Our Sector
... and is further reinforced by the need for endogenous, affordable and
reliable energy
Shifting global dynamics...
Decrease in gas flows
~50% reduction of Russian gas flows to Europe, driven by ongoing conflict¹
Increase in energy prices
~7X increase in wholesale prices in Europe³, ~3x in the US2,3
... further emphasize the need for
(Clean) Energy
independence
edp
Renewables
Rising inflation and interest rates
7-8 pp increase in inflation rate in Europe and the US from 2020 to 2022
+250-300 bps bond yields in the Eurozone and the US, respectively³
Пол
Affordable energy
Supply chain challenges
97% of global solar wafers coming from China (evaluating a tech export ban)
Increasing CAPEX costs
20-30% CAPEX/MW increase estimated for 2023-26 vs. 2020-214
Reliable supply chains
1. vs. 2021 |2. Data for Indiana Hub RT Peak (MISO price hub) | 3. vs. 2020 | 4. Europe and US, considering Solar Utility Scale and Wind Onshore
Source: EURACTIVE, Ember, IEA, Eurostat, US Federal Reserve Bank of St. Louis, WoodMackenzie, Press search
LO
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