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How attractive is Wind Energy for the Investor?

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Who We Are A Perfect Symbiosis

High Level Team of Experts

• Successful management of €3.000 million investments for a portfolio of topinvestors • Most recently developed and constructed Belwind and Northwind in time and budget (€1,5 billion) with less than 4 % contingencies (97% availability).

• Nobelwind and Northwester 2 – under development • 776 MW capacity and 3 TWh electricity production “We

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safeguard the interests of our investors and give them peace of mind knowing that all risks during development, engineering, financing and construction are totally InControl”

Our Credentials InControl - Parkwind Offshore wind farms

Onshore wind farms

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Horns Rev I (DK) North Hoyle (UK) Scroby Sands (UK) Barrow (UK) Princess Amalia (NL) Belwind 1 (BE) Blyth Harbour (UK) Northwind (BE ) Alstom Demo WTG (BE)

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Nobelwind (BE ongoing) Northwester 2 (BE – ongoing)

Anerget (Ireland) Largan Hill (Ireland) Igreja Nova (Portugal) Gondomar(Portugal) Bo01 (Sweden) Mehuken (Norway) Deucheran Hill (Scotland) Power Port Zeebrugge (BE) InControl France SA (7 projects)

Wind Energy Projects In Belgium

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What Has Been Constructed Belgium Offshore C-Power phase (325 MW) : 2007 - 2013

Belwind phase 1 (165 MW) : 2009 - 2010 Alstom Pilot (6 MW) : 2014

Northwind (216 MW) : 2013 – 2014

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What’s in the Pipeline?

Belgium Offshore Developed/Permits Acquired : Belwind phase 2 (165 MW) Norther (310 MW) Rentel (288 MW) Permits Requested : Seastar (246 MW) Northwester 2 (224 MW) Permit Process Started : Mermaid (266 MW) 6

New capacity: 1.499 MW Total capacity installed tomorrow: 2 211 MW (2,211

What Investors know

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Some Specifics for Belgium Analysis Wind Energy Market

Legislation

Wind power in Belgium depends partially on the regional governments (Brussels Capital, Flemish Region and Walloon Region) and partially on the Belgian Federal Government.

Energy Strategy

The Belgian State committed to generate 13% of its energy (electricity, transport and heating) from sustainable sources by 2020.

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In its binding Energy Strategy 2020, the EU has set 20% targets for renewable energy, greenhouse gas reduction, and energy efficiency for 2020

Wind Energy

SWOT

Wind turbines are mainly installed offshore and in the Flemish and Walloon Regions.

Brussels-Capital Region is an urban area which is not particularly suited for large wind turbines.

Economic Impact

Economic impact wind energy sector 2020: 10.000 jobs; GDP € 335,3m → 69% increase between 2007-2011* (*Towards 100% Renewable Energy in Belgium by 2050”, issued in December 2012 by the Federal Planning Bureau,.

Why investing in Renewable Energy is key

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An integrated approach ?

How to create Growth and Prosperity

Consumers interests protected Avoid interruptions, fluctuating prices, shortages

Balanced portfolio is key

Belgium highly reliable system?

Mixed portfolio and production capacity

Performant infrastructure Meeting needs of industry and households

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3 nuclear power stations out of order

Belgia n Market

A ‘free’ market model?

Market is split up and divided – Strategic framework is absent

Renewable Energy Perspectives for Azerbaijan Solar, wind, hydro, geothermal and biomass: all promising

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New legislation needed to promote renewable developments

Increasing energy demand

Azerbaijan-EU

Close cooperation Strategic partner to the West Loans and grants

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Lower cost Environmental 250 d/year 2.4 kWh annually

Search for renewable, sustainable energy sources

Abundant resources

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Regulatory framework

Time for discussion ‌..

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