LETTER FROM THE CEO

“2022 has proven to be yet another challenging year for businesses and populations across the globe. We faced unrelenting geopolitical and macroeconomic disruptions this year including the reemergence of large-scale armed conflict in Europe and a costof-living crisis compounded by highly volatile energy prices and supply chain disturbances. In parallel, we continue to bear witness to increasingly frequent extreme weather events across the globe as scientists continue to issue dire warnings on the ‘unequivocal’ warming of the planet as a result of human activity.

In such a challenging environment, it is important to note that the energy sector has a key role to play. From introducing market reforms to ensure the security and diversification of supply, to further decarbonisation of the sector through faster deployment of renewable energy technologies, the energy sector has huge potential to address some of the above adversities during this decade.

As one of the largest renewable energy players in Europe, with a strong presence in other key global OECD markets, we have sought to embrace this potential by fast-tracking our growth and focusing on hybridisation.