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Eurowind Energy – ESG report 2022 Our business model “ We identify opportunities. Then we seize them. “ We choose the proper location,Then we implement. “ We prepare infrastructure, Then we deliver. 1. Opportunities Identifying opportunities is essential for creating business. Identification and screening of opportunities are done through: our own offices, our partnerships, joint ventures and external parties. We have in-depth knowledge of screening opportunities and only execute on the best. Once the sites have been identified, a thorough resource assessment and analysis will be performed, including wind measurements, negotiation of land leases, access to the area with landowners and grid connection, as well as assessment of environmental impacts. 2. Development When an area is assessed as suitable, we carry out the necessary steps in cooperation with the authorities, both national and local, e.g. concerning permits. Our close relationship with landowners and developers ensures that we have a clear view of the risks involved in the development of the projects. 3. Local involvement Involving local residents and stakeholders is essential as early as possible in the process. It is important to understand and address any concerns that they may have. At Eurowind Energy, the importance of broad involvement is vital. Typically, local involvement includes close contact with but is not limited to, close neighbours of sites, landowners, local residents and municipalities. 10
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Eurowind Energy – ESG report 2022 “ We build energy projects, Then we produce power. “ We manage your investment, Then we make it grow. 4. Construction Before construction, we secure that all necessary permits are available, including legal due diligence of the project’s permits as well as financial due diligence. We have a strong track record for delivering projects and infrastructure on time and on budget. The construction takes place in cooperation with all involved parties in the project and in compliance with applicable health and safety regulations. After a successful turn-key construction, the wind turbines or solar plants are prepared for grid connection and commissioning. 5. Power purchase agreement As more and more markets are moving away from subsidies, corporate power purchase agreements (PPA) have begun to fill the need for long-term and secure power sales. PPAs are long-term contracts with a business to deliver renewable power at an agreed price. PPAs are typically made before the construction phase, but can also occur at a later project stage. 6. Operation As part of our strategy of being an independent power producer, we aim to keep our ownership of the projects and assets. After construction, the management of the parks is handed over to our asset management department to optimise the parks, which includes the technical, commercial and financial aspects. 11
