GREEK RENEWABLE ENERGY MARKET OUTLOOK – INDUSTRY PLAYER’S PERSPECTIVE GREEK ENERGY INVESTMENT SEMINAR London, November 22, 2018 Zisimos Mantas Chief Business Development Officer

01 02 03 04 Agenda EUNICE ENERGY GROUP (EEG) Who we are / Sharing our vision 02 Renewable Energy Sector in Greece Present and future perspectives 03 Business Development & Investments Projects, Services and Energy solutions 04 Agenda Innovative Business opportunities Hybrid Power Stations / TILOS Project

EUNICE ENERGY GROUP (EEG) EUNICE is named after the Greek mythical Nereid Εὐνίκη - Euníkē, a word which means good victory! EUNICE Energy Group (referred to as “EEG”) is one of the leading renewable energy companies in Greece. Since 2001, it has executed renewable energy investments and delivered smart energy solutions together with it’s technology and investment partners. Today, the group is a versatile energy house that will operate along the entire value chain of the renewable energy sector - from green-tech manufacturing, through renewable energy generation, to sustainable energy supply and smart solutions to the end customers. The group’s proven capacity to sense, make commercial sense and deliver innovative and solid solutions provides a solid platform in the changing renewable energy market in Greece.

Business activities in a nutshell (1/2) Wind Projects EEG owns and operates three (3) Wind Farms in Greece, total capacity 61.0MW 21.0MW of wind projects under construction Pipeline of approx. 650.00MW wind projects under development: 580.0MW project on 23 uninhabited islands of the Aegean Sea, Dodecanese region 67.0MW project in Lakonia region, Peloponnese PV Projects PV portfolio of 1.2MW in operation Development of 5.0MW projects in aggregate

Business activities in a nutshell (2/2) Manufacturing of a Small Wind Turbine Nominal capacity: 50kW Rotor diameter: 16m Wind Class: II-A Energy Trader & Energy Supplier Trading license: 300MW Supply License: 300MW Retail Electricity provider Wind Measuring Services Certified under ISO 17025. Measuring wind Speed & wind direction (acc. IEC 61400-12)

Before introduction of FiTs ( -1998) Market trends and cumulative installations Before introduction of FiTs ( -1998) Before Law 2773/1999, only communities & the Public sector installed wind turbines Research purposes FiTs introduced (1999 – 2006) Law 2773/1999 with FiTs Environmental & administrational issues arisen New EU targets set (2006 – 2010) Trend continues

Future market prospects / opportunities Auctions for new installations (Wind/PV/combined)  RAE Prev. auction Ref. Price range for wind: ~72 – 68€/MWh 2nd auction scheduled early December 2018  PV projects might prevail Large wind projects including separate interconnections to mainland Projects in Andros, Cyclades, Crete, Ikaria, Chios Lesvos, etc. including submarine cable interconnection to mainland Project in uninhabited islets  onshore installations with challenging offshore conditions! Private PPAs  option under the target model Holistic energy approach for locally consuming/producing energy Retail electricity trading Net-metering and energy storage  Energy communities Small wind turbines and PV systems combined with batteries Blockchain technology and decentralized renewable energy production Energy exchange schemes Active management of energy and local billing Hybrid Power Plants (Non-Interconnected islands, mainland) Provide guaranteed amounts of energy to the Grid Render renewables as dispatchable units Ancillary services & Active frequency regulation

AEGEAN Project 580.0MW on 23 uninhabited islets of the South East Aegean Sea Production licenses issued by RAE Land rights secured Project under environmental licensing Project included in ENTSOE’s Ten Year Network Development Plan (TYNDP) 2014 and 2016 Approved for the TYNDP 2018

Electricity trading / retail services Innovative Services Energy audits & data analytics (Consumption Data, history charts, Monitoring, etc.) Weather forecasting models Demand response Remote meter reading Digital/Mobile Applications Pro-sumer Data Analytics Value Added Services Technology Energy Business Model Data Acquisition Solution-driven processes Integration of technology solutions and innovations Energy Trading and Contracting Performance Contracting options (ESCO) Turn-key, Hire Purchase, financing, leasing Contracting Options for Implementation of Technology Solutions Net Metering Energy Community (Development – Implementation – O&M) Smart grid technology (meters, controllers, etc.) Small wind & PV combined with battery Smart energy management & energy saving Combination of geothermal energy for heating/cooling

TILOS Project: Winner in #EUSEW17 EU Sustainable Energy Awards (#EUSEW) for 2017 has nominated TILOS Project among the 12 finalists. Voting period for almost 6 weeks. On June 20, 2017, in a special ceremony, TILOS Project has been awarded as: Winner in the ENERGY ISLANDS category. Winner in the CITIZENS’ AWARD category.

Project configuration Wind Turbine Variable speed, pitch controlled Full-scale converter Fault Ride-Through (FRT) Energy Management System (EMS) Consider forecasting (solar, wind, load) Integrate DSM (load shedding, emergencies, etc.) Operation: Compliance to the Grid Code of Non-Interconnected Islands (NIIs) Dispatchable unit  replaces diesel units Day-ahead scheduling market Supplements RE penetration through batteries Provides ancillary services active frequency control  P(f) active voltage control  V(Q) PV Station PV panels Controllable inverters Batteries Flexible characteristics High charging rates Long life-time Power inverters P-Q/operation U-f/island mode Grid-forming capability Forecasting Solar power Wind power Local load demand

Q&A SESSION Thank you By all means, energy to the people… Main Office: 29, Vas. Sofias Ave. 106 74 Athens, Greece +30 2103242020 info@eunice-group.com Factory: Thesi Patima, 196 00 Mandra Attikis, Greece www.eunice-group.com SESSION