Project development portfolio It is through the project development portfolio that OX2 builds long-term value and ensures that new projects are continuously developed and can be offered to the market. By year-end 2018, the project pipeline was approximately 2.2 GW and by year-end 2020, it was 12.7 GW, corresponding to a CAGR of approximately 142%. The size of OX2’s project development portfolio gives the Company a diversified portfolio of projects in different phases, technologies and geographies. This also contributes to a good understanding of the entire value chain from the initial phase to the handover of the projects. It is important for OX2 to be proactive and work to maintain a high inflow of new projects to ensure that it can cater to market demand. Market OX2 operates in the European renewable energy market and specializes in the development of on- and offshore wind and solar power, grid connections, energy storage and management of self-developed projects. The Company’s addressable market of renewable energy development is driven by demand for electricity from renewable energy sources in the geographical markets in which the Company operates. OX2’s current core markets are Sweden, Finland, and Poland, where the Company has a strong market position. The Company also has an increasing presence in Southern and Eastern Europe, including markets such as France, Spain, Italy and Romania. The global and European market for renewable energy systems is driven by a variety of principal trends, primarily factors such as reduced technology costs, increased pressure on national governments to commit to more ambitious goals and targets in the shift towards renewable energy, and an increased investor interest in renewable energy production. The development of the renewable energy market in the Company’s principal national markets in Sweden, Finland, and Poland, is further driven by additional factors such as the phasing out of old capacity, as well as an increase in electrification of industries, vehicles, and residential energy usage. Group 8 Created with Sketch. Offices Sverige (HQ) Lilla Nygatan 1, Box 2299 103 17 Stockholm Finland Lapinlahdenkatu 1 C FI-00180 Helsinki Frankrike 102 boulevard de Sébastopol 75003 Paris +33 9 84 15 21 94 Italy Via Pola 11 20124 Milano Litauen Tilžės g. 60-214 Klaipėda 91108 Polen ul. Grzybowska 2/29 00-131 Warszawa Romania 15-17 Ion Mihalache Bvd., 1st Floor 011171 Bucharest Spain Paseo de Recoletos, 5 28004 Madrid Contact Phone +46 8 559 310 00 Email info@ox2.com LinkedIn Integrity Policy Corporate identity number: 556675–7497 © 2020 OX2