PNE (PNE3) Investor presentation summary

Business model and operations

• Over 30 years of experience in renewable energy project development, active in 13 countries across 4 continents, with more than 11.7 GW of projects realized and a 21.7 GW pipeline as of March 2026.

• Operates across three segments: project development (wind, PV, hybrid), power generation (466 MW IPP portfolio), and services (3.2 GW under management).

• Business model covers the full value chain from site acquisition to operations, with a resilient approach and premium project development.

• Strong track record in both onshore and offshore wind, with major transactions and over 6.4 GW sold internationally.

• Services segment delivers high-margin, recurring returns through O&M, technical inspections, and energy consulting.

Strategy and growth

• Transitioned from a pure developer to a balanced developer & IPP model, maximizing value and ensuring stable, recurring revenues.

• Strategic focus on profitability, healthy capital structure, and robust financing capabilities.

• Implementation tools include portfolio management (focus on core markets, BESS integration), cost management (operational excellence, overhead reduction), and capital allocation based on returns.

• Streamlining pipeline and consolidating IPP expansion in 2026, with a lean, agile organization targeting sustainable growth.

Market development

• Renewable energy market expected to see strong medium- and long-term growth, driven by global electricity demand and national targets.

• Positioned to leverage market dynamics, focusing on onshore wind, PV, and storage solutions amid grid constraints and evolving regulatory environments.

• Long-term strategy includes integrating battery storage (BESS) to optimize project revenues and flexibility.

• Significant opportunity in German repowering market, with over 21 GW of onshore wind capacity older than 16 years and a strong pipeline of repowering projects.