Investor Presentation

3-CAPITAL MARKETS & FINANCING Grenergy has succesful track record securing capital needs in Capital Markets LE Capex Finance c.200M€ 350-400M€ 300-350M€ Equity: Share Capital Increase 2021 Deal size: 105M€ Completed on 22nd March 21. The book had c.50 investors with strong international demand. Long-only accounts represented the majority of the allocations, with the top 10 allocations taking over 60% of the book. • Largest equity offering by a Spanish IPP player in 2021. Fixed Income Programme registered 16th September 21. Programme: 100M€ First Company to Issue Green Commercial Paper Programme in Spain. • • Outstanding Balance. • Average interest cost 0.73%. Programme registred March 2022. • 2021 2022 This deal raise 52.5M€ with an interest rate of 4%. 2023 Programme: 100M€ Grenergy renovables was upgraded to investment grade BBB- by Ethifinance Structured Finance 2015-2021 2022 Capex Investment - 1000 M€ Sound financial structure • Project debt (85/15 structure) • Strong cash position (65.2 M€, March 2022) • Funds from Operation from: • ⚫ Service and Energy div. recurrent cash in • Build and Sale secure income 25 pv projects US$ 400 M US$ 50 M 72 MW Colombia 608 MW LatAM Up to date US$ 400 M total secured financing 2022 2022 US$ 308 M 600 MW Spain > US$ 500 M under negotiation US$ 150 M 240 MW Gran Teno Grenergy renovables 24

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