1.6 Key pillars for future returns

Novenergia aims to consolidate internationally its platform to deliver sustained growth whilst providing attractive dividend yields to its investors

 Guaranteed or contracted revenues under stable regulation

 Consistent production levels

 Platform effect to benefit from operating efficiencies and larger footprint

 Integration of Generg’s structure to result in operating efficiencies

 Refinancing of existing debt to lower costs and free up cash

 No licensing or resource risk; perpetual licenses to supply the grid in defined locations and installed capacities

 Continued access to the grid

 Increase in energy efficiencies from new turbines (i.e. increased load factors)

 Repowering resulting in lower investment and higher certainty (e.g. climatic conditions; wind and solar resources) than new projects

 Installed MW remain unchanged

Overpowering

 New installed capacity in adjacent areas to existing projects

 Higher certainty (e.g. climatic conditions; wind and solar resources) than new projects

 Benefiting from more efficient turbines and technologies

 Consolidation of the European platform through disciplined investments in new projects

New projects

 Potential approach to Latin American markets

Novenergia’s business plan allows for attractive distributions in the form of regular dividends, as well as value creation through well-identified and disciplined investments to ensure robust value of the platform at the end of the investment period

Wind