Wind power

“The main reasons for the setback were lower utilisation and our activities in the renewable energy market (and especially offshore wind) experienced significant headwinds and we were too slow to adjust capacity (with the benefit of hindsight).”

Annual report 2024A · The company itself

“The renewable energy sector, particularly offshore wind, experienced a challenging year in 2024, marked by high capital costs, supply chain bottlenecks, and project delays.”

Annual report 2024A · The company itself

“Despite these near-term challenges, we believe the market has bottomed out, and long-term fundamentals remain strong.”

Annual report 2024A · The company itself

“Our main challenges going forward will be to maintain our sustainability goals and increase in renewables and energy transition services when market investment in renewables has slowed down and capital investors are more cautious, and decreasing investment from significant projects, such as offshore wind in the US.”

Annual report 2024A · The company itself

“On the other hand, we still believe in the long-term trajectory of renewables. The difficult task of management is to recognise and adjust to cyclical swings but to make sure we do not lose the long-term perspective and our key competence.”

Annual report 2024A · The company itself

““By harnessing our significant in-house expertise in renewable energy, wells and subsurface, marine, engineering and design – we continue to successfully diversify from our legacy in offshore wind and traditional renewable energy, to become a leading light in critical and emerging technology development. A recognised partner in international and high-profile research and development (R&D) projects, we increasingly forge a reputation as a trusted technical expert in innovative initiatives,” Energy Transition / PROJECT SPOTLIGHT ABL Group joins AquaVentus – North Sea Hydrogen Innovation Initiative ABL Group joined the pioneering green energy initiative AquaVentus – a project aimed at turbocharging innovation for the development of 10 GW of green hydrogen capacity from North Sea offshore wind by 2035.”

Annual report 2024A · The company itself

“Our main strategy to support growth of our renewables business is to invest internally from other parts of the business, recruit experts in key renewables disciplines, build renewable revenue targets into budgets, and appoint lead engineers in key energy transition disciplines.”

Annual report 2024A · The company itself

“Longitude is a key provider of niche design services, especially in the marine structures and transport and installation sectors and would like to expand its market presence as a multi-disciplinary engineering design consultancy globally in renewables. Longitude also has key knowledge of alternative fuels and can leverage this more in the maritime industry to support our sustainability goals.”

Annual report 2024A · The company itself

“ABL leverages our already existing Group track record and clients to expand into renewables markets outside MWS. ABL’s asset integrity management (AIM) arm is agnostic of industry and is growing due to innovation and track record of large and difficult projects with the hope to grow its services in renewables and energy transition.”

Annual report 2024A · The company itself

“We will continue to grow our renewables and energy transition services with a focus on driving efficiencies and growing revenue.”

Annual report 2024A · The company itself

“Specialised engineering, technical advisory and consultant for the commercial development of offshore and onshore renewable energy.”

Annual report 2024A · The company itself

“Our business Renewables Renewables ABL Group offers expert technical and engineering consultancy across all renewable energy markets, offshore and onshore, providing tailored support to clients across the lifecycle of a project, from concept through to construction and operations. Our track-record covers wind energy (onshore, fixed and floating), floating and ground-mount solar PV, battery energy storage systems (BESS), and wave and tidal.”

Annual report 2024A · The company itself

“ABL Group Renewable brands Delivering expert skills resourcing solutions to North Sea offshore wind markets, as well as expertise in marine operations and survey management via acquired company Ross Offshore – with a geotechnical survey vessel M/V Ross Eagle and geophysical survey vessel M/V Sunny Lady Renewables in Numbers +300 Wind Energy Projects +50 Floating Wind Projects +100 Solar PV Projects +80 Battery Energy Storage Systems (BESS) Projects +350 gw of Capacity RENEWABLES / Our Markets Offshore Wind Although in a more mature stage of development compared to other renewable energy technologies - offshore wind continues to bring new risks that investors, developers, insurers and EPCI companies must understand and contend with.”

Annual report 2024A · The company itself

“From emerging markets to new technologies, increasing dimensions, a supply chain in demand and cost pressures - across the Group, we have the services and experience to support your wind energy project from concept to life extension and decommissioning.”

Annual report 2024A · The company itself

“Onshore Win d Onshore wind power is widely established around the world, with substantial growth from 2009 to 2020, when global capacity reached more than 600 GW. The Group provides a wide range of independent engineering and consultancy services to support onshore wind from planning, construction through to operations and maintenance.”

Annual report 2024A · The company itself

“Despite turbulence in the offshore wind market, it was also the busiest year yet for offshore wind auctions. OWC played a key role, delivering proven success across multiple processes in the Americas, Europe and Asia Pacific.”

Annual report 2024A · The company itself

“Together ABL Group combines recognised practical experience across our markets with cutting-edge engineering and technical expertise, to provide turn-key and fit-for-purpose technical solutions to decarbonise our sectors. We bring a technical authority across the renewable energy landscape, covering wind energy, energy storage, solar PV and hydrogen among others, as well as an understanding of the challenges facing different segments of energy and oceans in transitioning to net-zero.”

Annual report 2024A · The company itself

“OWC is our renewables arm of ABL Group and is well positioned in the offshore wind and onshore renewables markets. In offshore wind, OWC has many repeat clients and a good reputation, especially as an Owner’s Engineering firm, and is known for being first in new markets and leveraging our experience in Europe into new regions.”

Annual report 2024A · The company itself

“ABL Group serves three main industries oil and gas, along with renewables and maritime - industries which experience volatile business cycles.”

Annual report 2024A · The company itself

“ABL Group is an early adopter in developing services for the energy transition (balancing the decline in the oil and gas industry), adding new service lines with high future demands due to climate risks (e.g. coastal dynamics modelling) and growing the renewables sector of the company.”

Annual report 2024A · The company itself

“Turnover The revenues (based mainly on externally invoiced data) related to “environmentally sustainable economic activities towards climate change mitigation” was deduced to be $3.6m . The projects that constituted this include: Research and evaluation challenges for carbon dioxide flow in pipelines when compared to Oil & Gas Numerous research and development projects in our renewables segment, that were performed, funded by national. international and multinational research funding bodies towards mitigation.”

Annual report 2024A · The company itself

“Supporting renewable energy insurers and operators in de-risking and driving sustainable solutions across the construction and operational stages of a project, with marine consultancy, marine assurance & risk, marine warranty survey, asset integrity and management services, and expert witness.”

Annual report 2024A · The company itself

“Dedicated renewable energy consultancy, providing technical advisory, engineering and consulting for the commercial-scale development of wind energy, solar PV, energy storage, wave and tidal energy technologies, onshore and offshore.”

Annual report 2024A · The company itself

“The four coastal power plants comprising AES Southland are in areas that are critical for local reliability and play an important role in integrating the increasing amounts of renewable generation resources in California.”

Annual report 2025A · The company itself

“The wholesale prices offered for electricity have been volatile in the markets in which we operate due to a variety of factors, including the increased penetration of renewable generation and energy storage resources, low-priced natural gas, demand side management, new regulations, and market rules.”

Annual report 2025A · The company itself

“The levelized cost of electricity from new solar and wind generation sources has decreased substantially over the past decade as solar panel costs and wind turbine costs have declined, while wind and solar capacity factors have increased. These renewable resources have no fuel costs and very low operational costs, while only operating during certain periods of time (daylight) or weather conditions (higher winds).”

Annual report 2025A · The company itself

“The evolution of competitive electricity markets and the development of highly efficient gas-fired power plants and renewables such as wind and solar have also caused, and could continue to cause, price pressure in certain power markets where we sell or intend to sell power.”

Annual report 2025A · The company itself

“For example, the level of wind resource affects the revenue produced by wind generation facilities. Because the levels of wind and solar resources are variable and difficult to predict, our results of operations for individual wind and solar facilities specifically, and our results of operations generally, may vary significantly from period to period, depending on the level of available resources.”

Annual report 2025A · The company itself

“Additionally, the market rules in the wholesale electric markets in which we operate continue to evolve in response to, among other things, increasing penetration by renewable energy resources and energy storage systems. For example, some wholesale electric market regions have either implemented or are considering changes to how resource adequacy or capacity attributes are allocated to intermittent generating resources.”

Annual report 2025A · The company itself

“AES Andes' Green Blend strategy aims to reduce carbon intensity and to incorporate renewable energy to extend our previous conventional PPAs by de-linking our PPAs from legacy fossil resources while growing our renewable energy portfolio. This strategy delivers a competitive and reliable energy solution for customers, AES Chile has committed to advance the development of new renewables projects, including the implementation of BESS and other technological innovations that will provide greater flexibility and reliability to the system.”

Annual report 2025A · The company itself

“Resulting from this IRP, AES Indiana also added three renewables projects to its generation portfolio: Pike County BESS, Hoosier Wind, and Crossvine.”

Annual report 2025A · The company itself

“In 2025, we signed long-term contracts for 4.0 GW of renewables, bringing our backlog of projects — those with signed contracts, but which are not yet in operation — to 12.0 GW. Our backlog serves as one of the core components of our future growth.”

Annual report 2025A · The company itself

“Overview Generation We currently own and/or operate a generation portfolio of 34,740 MW, including generation from our integrated utility, AES Indiana. Our generation fleet is diversified by technologies and fuel type.”

Annual report 2025A · The company itself

“54% of the capacity of our generation plants is fueled by renewables, including solar, hydro, wind, energy storage, and landfill gas, which do not have significant fuel costs.”

Annual report 2025A · The company itself

“The first is a 195 MW solar project ("Hardy Hills Solar"). The second is a 106 MW wind facility ("Hoosier Wind"). The third is a 200 MW (800 MWh) battery energy storage project ("Pike County BESS"). The fourth is a 250 MW solar and 45 MW (180 MWh) energy storage facility ("Petersburg Energy Center").”

Annual report 2025A · The company itself

“This framework fostered AES Argentina's construction of Vientos Bonaerenses and Vientos Neuquinos power plants, which are fully contracted with public and private customers in the long term.”

Annual report 2025A · The company itself

“At the end of 2023, AES Colombia obtained the environmental license, issued by the ANLA, for the 500 kV line to connect the Guajira pipeline projects. Currently, AES Colombia has obtained environmental licenses for 406 MW of wind projects in Guajira.”

Annual report 2025A · The company itself

“Under 2024 har drivkrafterna i den gröna omställningen varit starka och de stora industriella investeringarna i ren energi har varit på en hög nivå.”

Annual report 2024A · The company itself

“Kundprojekt AFRY designar pumpkraftverk när Australien ställer om till hållbar energi Under året vann AFRY, tillsammans med det australiensiska bolaget Aurecon, ett designkontrakt för pumpkraftsprojektet Borumba i Queensland i östra Australien. Australien driver just nu en stor energiomställning där man fasar ut fossila energikällor som kolkraft och olja, och ersätter med förnybar energi.”

Annual report 2024A · The company itself

“Marknadsposition Under året genomförde vi ett par mindre, strategiska förvärv inom Energy som bidrar till kapacitet och stärker AFRYs globala affär. Ett av dem var Carelin Oy, ett marknadsledande finskt bolag inom projektledning för förnybar energi.”

Annual report 2024A · The company itself

“Accelerera hållbarhetsomställningen AFRYs hållbarhetspolicy framhåller att vi aktivt ska söka transformativa och innovativa uppdrag för att accelerera hållbarhetsomställningen samt att vi ska sträva efter att vara föregångare för en mer hållbar framtid genom att omvandla vårt erbjudande i linje med de globala utmaningarna och bästa tillgängliga teknik.”

Annual report 2024A · The company itself

“AFRY har en stark position på energiområdet, och ENR rankar AFRY som nummer sju bland internationella ingenjörs- och designföretag i sektorn.”

Annual report 2024A · The company itself

“AFRYs lösningar bidrar med värden som exempelvis ökad energieffektivitet, ökad användning av förnybar energi, resurseffektivitet, säkra arbetsplatser, förbättrad hälsa och säkerhet, effektiviserade produktionsprocesser, cirkulära resursflöden, ökad tillgänglighet, ökad säkerhet i trafiken, säkra och inkluderande samhällen samt förbättrad luft- och vattenkvalitet.”

Annual report 2024A · The company itself

“The use of energy produced with renewable natural resources and the development of energy efficiency have reduced the carbon footprint of Apetit Group’s Scope 1&2 emissions by 80 per cent from 2019. In 2025, of all the energy used at Apetit’s production plants, 81 per cent were from renewable sources.”

Annual report 2025A · The company itself

“The climate impacts of operations Apetit has reduced the Group’s Scope 1&2 emissions by 80 per cent from 2019. The emissions reductions has been achieved by investing in renewable energy.”

Annual report 2025A · The company itself

“Firenor Inter - national har haft ett genombrottsår och vunnit ramavtal inom havsbaserad vindkraft till ett initialt värde av 500 MSEK.”

Annual report 2024A · The company itself

“ACAF Systems hade ett svagt år på grund av projektförseningar men har nu fått en stark start på 2025 med ett flertal order till bland annat havsbaserad vindkraft.”

Annual report 2024A · The company itself

“Firenor och Petrofac har vidare tecknat två ramavtal där Firenor garanterar kapacitet att leverera brandsäkerhetssystem till totalt sex plattformar som Petro - fac tillsammans med Hitachi Energy ska leverera till den europeiska stamnätsoperatören TenneTs 2GW-program utanför Nederländerna och Tyskland. Ramavtalen är värda cirka 500 MSEK för Firenor International.”

Annual report 2024A · The company itself

“Under 2024 hade Firenor ett avgörande genombrott när bolaget tecknade ramavtal om att leverera brandsäkerhets system till HVDC–plattformar för havsbaserad vindkraft värda cirka 500 MSEK.”

Annual report 2024A · The company itself

“ACAF har skiftat fokus från utveckling till global marknadsföring och försäljning, och har förändrat affärsmodellen så att bolaget kombinerar egna systemleveranser med leverans av nyckelkomponenter till andra systemleverantörer som bygger CAF-system enligt ACAF:s design. Ett exemepel på detta är Firenor International som använder ACAF:s system till sina lösningar för skydd av havsbaserade transformatorstationer.”

Annual report 2024A · The company itself

“Kunder Firenor International riktar sitt erbjudande till företag verksamma inom energisektorn och har kunder inom olje- och gasindustrin, inklusive offshoreindustrin, samt övrig energi- och kraftindustrin.”

Annual report 2024A · The company itself

“Förnyelsebar energi, såsom havsbaserad vindkraft, är ett växande marknads - segment.”

Annual report 2024A · The company itself

“ACAF marknadsför sitt erbjudande framför allt till kun - der inom energiindustrin, olje- och gasindustrin, flygindustrin, gruvnäringen och till petrokemiska anläggningar. Havsbaserad vindkraft är ett växande applikationsområde där efterfrågan är stor.”

Annual report 2024A · The company itself

“81 procent av nyinstallerade förnybara energianläggningar under 2023 uppnådde lägre LCoE än fossila motsvarigheter (IRENA).”

Annual report 2024A · The company itself

“I EU stod förnybar energi för hela 47 procent av elproduktionen under 2024 (Ember 2025). Både vindkraft och solenergi ser ut att fortsätta stärka sin konkurrenskraft gentemot fossil energi och kärnkraft genom teknologisk utveckling och ökade skalfördelar under de kommande åren.”

Annual report 2024A · The company itself

“Sammantaget råder en situation med ökad osäkerhet om timing och lönsamhet för ny elproduktion på vissa marknader och inom vissa teknologier, särskilt havsbaserad vind som kräver större kapitalinvesteringar.”

Annual report 2024A · The company itself

“2024 var det första året vindkraften produ cerade över 40 TWh el, en ökning med 18 procent från 2023. Då vindkraft kan bidra med mer storskalig elproduktion långt innan ny kärnkraft kan vara i drift bedömer vi att det finns en stor potential för utbyggnad av vindkraft både på land och till havs.”

Annual report 2024A · The company itself

“Enligt Wind Europes prognoser kan drygt 640 MW havsbaserad vindkraft komma att installeras i Baltikum till 2030. För landbaserad vind är prognosen en ökning till 7 GW installerad effekt år 2030, vilket skulle innebära en mycket snabb tillväxt.”

Annual report 2024A · The company itself

“Energy Information Administration (EIA) prognos från 2023 förväntas sol- och vindkraft öka i samtliga delstater och totalt stå för nästan 50 procent av elproduktionen år 2050.”

Annual report 2024A · The company itself

“Vi skiftar från expansion till prioritering av de marknader och projekt som har bäst förutsättningar för värdetillväxt under perioden. Vi stärker vårt fokus på kärnteknologin landbaserad vind och söker möjligheter att integrera sol och lagring i hybridlösningar med landbaserad vind.”

Annual report 2024A · The company itself

“Eolus prioritering för 2024 har varit att addera greenfield-projekt i egen regi inom landbaserad vind, vilket också är huvudfokus på marknaden i affärsplanen 2025–2027.”

Annual report 2024A · The company itself

“Eolus affärsidé är att skapa värde i varje steg av utveckling, byggnation och drift av förnybara energilösningar och därmed möjliggöra hållbara investeringar för både lokala och internationella partners.”

Annual report 2024A · The company itself

“Utveckling av förnybar energi Eolus investerar i utveckling av projekt inom förnybar energi med fokus på land- och havsbaserad vindkraft, solenergi och energilagring. De projekt som utvecklas av Eolus bidrar när de realiseras till att öka kapaciteten för förnybar elproduktion.”

Annual report 2024A · The company itself

“Risken motverkas genom att Eolus i affärsplaneringen fokuserar på behovet av en mångsidig projektportfölj.”

Annual report 2024A · The company itself

“Eolus affärsidé är att skapa värde i varje steg av utveckling, byggnation och drift av anläggningar för förnybar energi och möjliggöra hållbara investeringar för både lokala och internationella partners.”

Annual report 2024A · The company itself

“Vi utvecklar både egna projekt från grunden och förvärvar projekt i olika utvecklingsfaser. Vi väljer teknik utifrån plats och aktuella marknadsförutsättningar, ser till att utreda och säkra alla nödvändiga tillstånd och upphandlar utrustning och byggtjänster.”

Annual report 2024A · The company itself

“Landbaserad vindkraft Eolus utvecklar landbaserad vindkraft på alla våra marknader och har idag en projektportfölj på cirka 8,0 GW, varav ungefär 44 procent är i Sverige.”

Annual report 2024A · The company itself

“Havsbaserad vindkraft Eolus har projekt inom havsbaserad vindkraft om 8,8 GW, varav cirka två tredjedelar i Sverige och en tredjedel i Finland.”

Annual report 2024A · The company itself

“Till havs kan man bygga större vindkraftverk och parker än på land. Havsvindarna är också kraftigare, jämnare och lättare att prognostisera. Sammantaget gör detta att kapacitetsfaktorn är cirka 50 procent till havs jämfört med upp till 40 procent på land.”

Annual report 2024A · The company itself

“Vi har idag mer än 25 GW projekt under utveckling.”

Annual report 2024A · The company itself

“Vi har projekt inom vindkraft på land och till havs, solkraft, batterilagring och hybridprojekt.”

Annual report 2024A · The company itself

“Parken består av 42 vindkraftverk med en total effekt om 260 MW och väntas producera 800 GWh förnybar el årligen. Elen från parken köps av Hydro Energi genom ett mångårigt elhandelsavtal.”

Annual report 2024A · The company itself

“Projektet, vars miljötillstånd vann laga kraft 2022, består av 11 turbiner med en totalhöjd på 200 meter och en förväntad elproduktion på 205 GWh årligen. Samtidigt som byggnation av vindkraftsparken påbörjats undersöker vi möjligheten att anlägga en solcellspark i anslutning till vindkraftverken.”

Annual report 2024A · The company itself

“Projektet består av 22 turbiner med en totalhöjd om maximalt 250 meter och en beräknad elproduktion om 570 GWh årligen.”

Annual report 2024A · The company itself

“Den huvudsakliga verksamheten är att projektera anläggningar för förnybar energi samt att realisera dem genom försäljning av projekträttigheterna för tillståndsgivna projekt och projekt under utveckling till ett brett spektrum av kunder. I de flesta fall kompletteras försäljningen med ett uppdragsavtal där Eolus leder och utför byggnationen på uppdrag av ägaren.”

Annual report 2024A · The company itself

“Eolus erbjuder också drift- och förvaltningstjänster åt ägare av energianläggningar för ett bekymmersfritt ägande där intäkter och produktion maximeras.”

Annual report 2024A · The company itself

“Eolus är en av Nordens ledande projektörer inom förnybar energi och bolaget är aktivt i hela värdekedjan från tidig projektutveckling till uppförande och drift av anläggningar för förnybar energi. Sedan starten 1990 har Eolus medverkat vid uppförandet av 757 vindkraftverk med en effekt om 1 939 MW samt 120 MW batterilager.”

Annual report 2024A · The company itself

“Renewable Portfolio Standards Each of the states in which we do business has Renewable Portfolio Standards (RPS) requirements, which generally require fixed percentages of our energy supply to come from renewable energy sources such as solar, wind, hydropower, landfill gas, fuel cells and other similar sources.”

Annual report 2025A · The company itself

“Connecticut's RPS statute requires increasing percentages of the electricity sold to retail customers to have direct ties to renewable sources. In 2025, the total RPS obligation was 39.0 percent and will be 37.0 percent in 2030.”

Annual report 2025A · The company itself

“Massachusetts' RPS program requires electricity suppliers to meet renewable energy standards. For 2025, the RPS and Clean Energy Standard (CES) requirements were 63.1 percent, and will ultimately reach 69.3 percent in 2026.”

Annual report 2025A · The company itself

“New Hampshire's RPS provision requires increasing percentages of the electricity sold to retail customers to have direct ties to renewable sources. In 2025, the total RPS obligation was 22.2 percent and it will ultimately reach 25.2 percent in 2026.”

Annual report 2025A · The company itself

“The purchase price included the sales value related to a 40 percent level of federal ITCs, 10 percent of which is the energy community ITC adder included in the Inflation Reduction Act related to Revolution Wind. If the project does not meet the qualifications under federal tax law for the full value of the ITC or there are changes to tax law, it could have a material adverse effect on our financial position, results of operations, and cash flows.”

Annual report 2025A · The company itself

“On October 31, 2023, offshore wind developer, Orsted, announced plans to cease development of two offshore wind projects in New Jersey—Ocean Wind 1 and 2—having a combined planned capacity of 2,248 MWs. On January 30, 2025, and February 25, 2025, Shell New Energies US LLC and EDF Renewables North America respectively announced that each was exiting its Atlantic Shores partnership to construct wind energy off the shore of New Jersey.”

Annual report 2025A · The company itself

“On September 17, 2021, in connection with Mid-Atlantic Offshore Development, LLC, a transmission company jointly owned by Shell New Energies US LLC and EDF Renewables North America, JCP&L submitted a proposal to the NJBPU and PJM to build transmission infrastructure connecting offshore wind-generated electricity to the New Jersey power grid. On October 26, 2022, the JCP&L proposal was accepted, in part, in an order issued by NJBPU.”

Annual report 2025A · The company itself

“Att verksamheter som tillverkar produkter för eldistribution spelar en viktig roll i omställningen är något som särskilt lyfts fram i EU:s Taxonomi. Detta för uppgradering av befintlig eldistribution, användning och nyetablering, vilka alltmer försörjs av sol- och vindkraft. Eldistribution som i sin tur möjliggör laddning av elfordon och omställning till 100% elektrifierade fastigheter och samhällen.”

Annual report 2024A · The company itself

“Även för Harsh Environment är marknaden stark med god efterfrågan inom framför allt energisektorn.”

Annual report 2024A · The company itself

“Solpanelsprojektet är ett sätt för fabriken att minska växthusgasutsläppen, som ett komplement till den förnyelsebara el som redan används från källor som vattenkraft och vindkraft.”

Annual report 2024A · The company itself

“In 2024, over 45 GW of offshore wind capacity was auctioned across key markets, including the Netherlands, France, Germany, and the U.S. Auction interest varied, with mainly strong interest in the UK and Germany. Record auctions for offshore wind volumes are projected for 2025, both in terms of number of sites and installed capacity.”

Annual report 2024A · The company itself

“Despite a demanding market for companies operating in the fabrication and outfitting in the OEM supply chain, we performed satisfactorily because we entered the year with a strong order backlog. In the second half of 2024, we maintained a similar focus on building backlog for 2025, a year in which we foresee some industry challenges mainly related to delays at some of the significant offshore wind developments. IWS Services is not immune to these complexities, and its contract backlog for 2025 includes new market segments, such as electrical and mechanical works on offshore substations, where execution and margin risks are higher.”

Annual report 2024A · The company itself

“Owners and developers of offshore wind farms have become more disciplined when terms are not sufficiently attractive. This impacts the demand for related services in the short term.”

Annual report 2024A · The company itself

“This will be the year we will have our entire fleet delivered and further develop our other businesses. IWS will generate significant revenue and earnings growth for the current year.”

Annual report 2024A · The company itself

“The IWS group of companies is wellpositioned to participate in this growth. IWS Fleet will continue to ramp up activity, with additional vessels entering operation in 2025.”

Annual report 2024A · The company itself

“IWS aims to pursue a portfolio strategy that combines short-to-medium-term contracts in the commissioning phase, thereby achieving earnings visibility while securing higher rates.”

Annual report 2024A · The company itself

“IWS aims to integrate purpose-built walk-to-work vessels with complementary engineering and manpower services in the construction and operations phase of offshore wind farms. By diversifying its offerings, the Group aims to position itself as a broad service provider within the offshore wind industry, driving long-term growth and value by enhancing the earnings potential through the bundling of services. The Group is therefore actively developing a comprehensive service offering alongside its vessel operations, IWS operates through two primary business areas, IWS Fleet and IWS Services, as well as an associated company, PEAK Wind.”

Annual report 2024A · The company itself

“Commissioning Service Operation Vessels (CSOVs) specifically designed for offshore wind farms.”

Annual report 2024A · The company itself

“IWS Services specialises in electrical and technical solutions for the global wind industry and offshore wind consulting, which enables IWS Services to deliver a comprehensive range of solutions to meet client needs.”

Annual report 2024A · The company itself

“IWS owns 49% of PEAK Wind, having increased its ownership stake from 30% in 2024. PEAK Wind is a renewable energy specialist offering advisory, intelligence, operations, and asset management services.”

Annual report 2024A · The company itself

“FRAME AGREEMENT WITH SIEMENS GAMESA – AN INDUSTRY-FIRST Securing a frame-term charter agreement with Siemens Gamesa Renewable Energy was another significant milestone for IWS Fleet in 2024. Over the next three years, this partnership will see our Skywalker-class CSOVs supporting offshore turbine commissioning across multiple European projects, mainly in the northern part.”

Annual report 2024A · The company itself

“IWS Services has continued to strengthen its presence in key offshore wind markets across Europe, including the Benelux region, the UK, and Poland, and has entered new market segments, such as electrical- and mechanical works on offshore substations, which involved higher execution and margin risk, but where the long-term prospects are strong.”

Annual report 2024A · The company itself

“Dette kan være teknologi knyttet til overvåkning av klimaendringer, teknologi som tåler ekstreme værforhold, ny teknologi som havvind, digitalisering og løsninger som bruker alternative drivstoff med mer. Dette kan føre til økte inntekter fra eksisterende teknologiløsninger, men også økte inntekter fra nye teknologiløsninger og produkter.”

Annual report 2024A · The company itself

“Natur1 Leverandører Energi 100 % av årlig innkjøp av elektrisitet fra fornybar energi innen 2030.”

Annual report 2024A · The company itself

“Produksjon, installasjon og service av høy-, mellom-, og lavspenning elektrisk utstyr for elektrisk overføring og distribusjon (Redusere og forebygge klimagassutslipp - 3.20) Kongsberg Maritime utvikler, installerer og gjennomfører service av Electrical Power Systems (EPS) som bidrar til reduksjoner i klimagassutslipp gjennom integrasjon av fornybare energiløsninger og effektiv kraftkonvertering til fartøy. Alle våre leveranser av EPS oppfyller beskrivelsen av aktiviteten og anses derfor som Omfattet.”

Annual report 2024A · The company itself

“Markedsveksten for Kongsberg Maritime vil være drevet av offshoremarkedet og da først og fremst olje og gass på kort sikt. På mellomlang og lang sikt vil dette være supplert med havvind i tillegg til tankbåter, fritidsreiser og militære fartøy.”

Annual report 2024A · The company itself

“The market outlook for the renewables industry which Nekkar is targeting with its SkyWalker tool, is promising with investment levels predicted to grow substantially in the coming years and decades.”

Annual report 2024A · The company itself

“Nekkar is developing a disruptive wind turbine installation and service tool that could significantly reduce the cost and environmental footprint associated with wind turbine installations and maintenance. The solution - called SkyWalker - uses active heave compensation derived from offshore lifting systems combined with digital solutions that allows for remote-controlled and automated solutions.”

Annual report 2024A · The company itself

“As of 31 December 2024 the book value of FiiZK was MNOK 82.2.The SkyWalker project, is a ground-breaking wind turbine installation and service technology tool suitable for onshore and offshore wind.”

Annual report 2024A · The company itself

“Intellilift has proven commercialised technology and the products have been sold to both oil and gas related business and the wind industry, while Techano Oceanlift’s products are commercialised and have been sold to customers in the offshore renewables, offshore oil and gas, aquaculture and marine industries.”

Annual report 2024A · The company itself

“Table of Contents In addition, the 30% ITC, subject to a phase-down in 2034 and 2035, applies to energy storage projects placed in service after 2022 that begin construction by December 31, 2033 (no eligibility for projects that begin construction after 2035), and to certain property with respect to renewable natural gas facilities (including gas upgrading equipment) placed in service after 2022 that begin construction by December 31, 2024. These projects and property are subject to the same labor requirements and credit enhancements applicable to wind and solar facilities (discussed above).”

Annual report 2025A · The company itself

“A number of regulatory actions occurred in 2025, including, among others, a federal executive order that calls for a pause in federal land leasing, permitting and approvals for wind development facilities pending completion of a review of the federal rules providing for leasing, permitting and approvals for wind projects and the FERC approval of proposals by regional transmission operators regarding the process for interconnecting new generation projects to certain regional transmission grids.”

Annual report 2025A · The company itself

“Table of Contents Changes in weather can also affect the production of electricity at power generation facilities, including, but not limited to, NEER's wind and solar facilities. For example, the level of wind resource affects the revenue produced by wind generation facilities. Because the levels of wind and solar resources are variable and difficult to predict, NEER's results of operations for individual wind and solar facilities specifically, and NEE's results of operations generally, may vary significantly from period to period, depending on the level of available resources.”

Annual report 2025A · The company itself

“In addition to regulation associated with operating assets, the development of energy infrastructure also involves additional and often extensive approvals and permitting requirements at the local, state and federal levels for items such as disturbing wetlands, obtaining no hazard determinations from the Federal Aviation Administration, interacting with wildlife, making wholesale sales of electricity, and other clearances. These requirements may change from time to time.”

Annual report 2025A · The company itself

“The NEER segment owns, develops, constructs, manages and operates generation facilities, including renewables, nuclear and natural gas, as well as battery storage facilities in wholesale energy markets in the U.S. and Canada.”

Annual report 2025A · The company itself

“Table of Contents NEER Generation Assets' Fuel/Technology Mix During 2025, NEER generated approximately 121 million MWh utilizing the following mix of fuel sources for generation facilities in which it has an ownership interest: Wind Facilities •located in 23 states in the U.S. and 4 provinces in Canada; •operated a total generating capacity of approximately 27,855 MW, including capacity associated with noncontrolling and joint venture interests, as of December 31, 2025; •ownership interests in a total net generating capacity of approximately 22,404 MW as of December 31, 2025; ◦essentially all MW are contracted wind assets located primarily throughout Texas and the West and Midwest regions of the U.S. and Canada; ◦includes the impact of approximately 1,604 MW of new generating capacity added in the U.S. in 2025, as well as ownership interests in assets sold to third parties totaling approximately 165 MW and includes repowering activity related to approximately 132 MW of wind generating capacity.”

Annual report 2025A · The company itself

“Certain facilities within the NEER wind and solar generation portfolio produce RECs and other environmental attributes which are typically sold along with the energy from the plants under long-term contracts, or may be sold separately from wind and solar generation not sold under long-term contracts.”

Annual report 2025A · The company itself

“Global renewable capacity continues to grow at record speed. Solar remains the largest driver of new generation, while Europe leads in offshore wind development.”

Annual report 2025A · The company itself

“Accelerated renewable energy deployment Global renewable capacity continues to grow at record speed. Solar remains the largest driver of new generation, while Europe leads in offshore wind development. By 2060, solar power will dominate electricity generation with a projected share of 47%, increasing fivefold from 2024, while wind is estimated to account for 32%, making these two sources the backbone of global energy supply.”

Annual report 2025A · The company itself

“In the medium-voltage market, we continued to see a high activity level driven by grid reinforcement, renewable energy projects, and increased focus on electrification.”

Annual report 2025A · The company itself

“Divided by application, the backlog consisted of more than 55% interconnectors, around 40% offshore wind projects, and less than 2% power-from-shore projects.”

Annual report 2025A · The company itself

“The Service business maintained a high activity level throughout 2025, driven by several activities across maintenance projects, installation works, and both offshore and onshore repair projects - including a larger repair job at the Beatrice wind farm in Scotland.”

Annual report 2025A · The company itself

“In Karlskrona, the strategic focus is offshore projects, while Cologne focuses on onshore projects.”

Annual report 2025A · The company itself

“Specialised in high-voltage power cable solutions for on- and offshore installation On- and offshore power cable services and wide range of accessories for medium- and high-voltage power cable systems Applications Focused on low-and medium-voltage power cable technology and building wires NKT’s three business lines provide customers with full turnkey solutions across voltage levels and have the following main focus areas: Business line organisation 1 Revenue (standard metal prices) in 2025 (% of total NKT revenue) and Operational EBITDA in 2025 (% of total NKT operational EBITDA).”

Annual report 2025A · The company itself

“The Distribution name underscores the business line’s expertise in power cables for electric grids, renewable power generation, data centres, and industrial networks.”

Annual report 2025A · The company itself

“Det stigende politiske og samfundsmæssige fokus på effektive og mere klima- og miljøvenlige løsninger på energiforsyning og -omstilling kræver udvikling af infrastruktur samt transport og mobilitet fra produktionsstedet til den enkelte forbruger, fra by til by og region til region. Vi har erfaringen, kompetencerne og kapaciteten til at bidrage og indgå i innovative samarbejder om fx mere vindenergi, etablering af fjernvarme, elektrificering af samfundet, udførelse af anlæg til CO2-fangst samt rørledninger til brintindustrien, der alle er afgørende for den grønne omstilling af vores samfund.”

Annual report 2025A · The company itself

“Opstrøms, nedstrøms og egne operationer Kort og langt sigt Mulighed Den grønne omstilling af energiforsyningen skaber nye forretningsmuligheder, som kræver udvikling og opførelse af ny infrastruktur både i forhold til produktion af grøn energi, men også transport ud til forbrugerne.”

Annual report 2025A · The company itself

“Der er sket en stigning i andelen af energi fra vedvarende energikilder fra 11 % til 23 % i 2024/25.”

Annual report 2025A · The company itself

“Den omfattande omställningen mot nya och förnybara energikällor gör att behovet av ny elinfrastruktur ökar, främst i Europa och USA samtidigt som underhållsbehovet är stort inom de befintliga elnäten. Det för med sig ökad efterfrågan av E-massa som används för elektrisk isolering i transformatorer, en nisch där Rottneros är världsledande.”

Annual report 2024A · The company itself

“Vindkraftverken ligger ofta långt ifrån elkonsumenterna. Därmed behöver helt ny infrastruktur byggas upp.”

Annual report 2024A · The company itself

“Även omställningen till förnyelsebara energikällor driver på efterfrågan.”

Annual report 2024A · The company itself

“I juni 2023 ingicks därför ett långsiktigt avtal för att säkra tillgången till förnybar energi med tyska EnBW genom ett Power Purchase Agreement (PPA) inklusive ursprungsgarantier. Avtalet omfattar drygt 30 GWh/år ren vindkraftsenergi med avräkning mot ett fast pris i elområde SE3 och löper över en 8,5-årsperiod med start 2025.”

Annual report 2024A · The company itself

“Under året investerades totalt 85 MSEK relaterat till förnyelsebar elenergi vid Rottneros Bruk. Investeringarna som togs i drift under hösten 2024 omfattade en solcellspark och ett batteri för energilagring. Koncernen har även ingått ett långsiktigt avtal för att säkra tillgången till förnybar energi med tyska EnBW genom ett Power Purchase Agreement (PPA). Rottneros kommer att kunna tillgodoräkna sig drygt 30 GWh/år ren vindenergi under en 8,5-årsperiod med start 2025.”

Annual report 2024A · The company itself

“vi forventer, at væksten i vindmølleindustrien fortsætter i de kommende år”

Annual report 2025A · The company itself

“vi forventer, at væksten i vindmølleindustrien fortsætter i de kommende år”

Annual report 2025A · The company itself

“27% Cleantech ... andel af det globale salg i 2025”

Annual report 2025B · From the report

“SP Group er godt positioneret til at bidrage med avancerede løsninger til den grønne omstilling, og vi forventer, at væksten i vindmølleindustrien fortsætter i de kommende år.”

Annual report 2025A · The company itself

“SP Tinby er Skandinaviens førende leverandør af formstøbte emner og blokskumemner i PUR samt avancerede kompositdele til vindmølleindustrien og andre industrier.”

Annual report 2025A · The company itself

“Utöver det absoluta reduktionsmålet har banken också satt mål för elupphandling, vilket innebär att 100 procent förnybar el ska fortsätta att köpas fram till 2030.”

Annual report 2024A · The company itself

“På samma sätt kan förnybar energi, främst i form av förnybar fjärrvärme, ingå i den energi som köps på den lokala marknaden.”

Annual report 2024A · The company itself

“Möjliggöra utsläppsminskningar hos andra företag (möjlighet – marknader) I takt med att mer utsläppsintensiva branscher – som kraftbolag, allmännyttiga bolag inom vatten och avfallshantering, transporter och tillverkning – påskyndar sitt arbete för att minska sina utsläpp i Net Zero 2050-scenariot, görs betydande investeringar för att nå målen för utsläppsminskningar. Många av dessa investeringar, såsom användningen av smarta elnät och privata nät, är avhängiga av IKT-lösningar, vilket skapar stora möjligheter för Ericsson att erbjuda sina kommunikationslösningar till dessa branscher på medellång till lång sikt.”

Annual report 2024A · The company itself

“Under 2024 skedde en geografisk omfördelning av försäljningen, tillbaka till marknader som har jämförelsevis större andel el från förnybara källor i de nationella näten, vilket bidrog till lägre utsläpp nedströms i värdekedjan.”

Annual report 2024A · The company itself

“Säkerställa en affärsmiljö som främjar öppen innovation och rättvis handel. – Utveckla den datadrivna ekonomin där uppkoppling möjliggör expansion av AI, molnbaserad teknik och allmännyttiga tjänster. – Stödja en säker och robust infrastruktur. – Uppmuntra till användning av rena, energieffektiva och hållbara lösningar.”

Annual report 2024A · The company itself

“The decline in orders received was attributable to the Weather and Environment business area, where the demand decreased very strongly, by 23%, due to the headwinds in the renewable energy market as well as due to normalization of the meteorology and aviation markets compared to exceptionally high levels in the previous two years.”

Annual report 2025A · The company itself

“Vaisala’s 2025 gross margin decreased to 55.2 (56.3) % mainly due to exchange rates impact, proportional impacts of the US tariffs, as well as decline in the high-margin renewable energy business.”

Annual report 2025A · The company itself

“Orders received decreased very strongly in all market segments, especially in renewable energy market, where the demand remained weak throughout the year. Additionally, meteorology and aviation market segments saw a very strong decline in demand after exceptionally high levels in the previous two years.”

Annual report 2025A · The company itself

“The Weather and Environment business area faced challenges in the renewable energy markets but delivered on its strong order book in the meteorology and aviation markets, where the demand normalized in 2025 after two exceptionally strong years.”

Annual report 2025A · The company itself

“To complement the success drivers of its strategy, Vaisala has identified four strategic priorities for execution to both sustain its market leadership and expand into new markets with growth opportunities. Vaisala 1) continues its growth in industrials with breakthrough technologies, 2) grows share of services and software revenue, 3) drives profitability as a global leader in weather, and 4) simplifies and scales its operations for greater impact and efficiency.”

Annual report 2025A · The company itself

“The enhanced version includes oxygen and nitrogen as optional new parameters. Weather and Environment business area The Weather and Environment business area seeks growth by expanding its Xweather subscription business and drives profitability as a global leader in weather. The Weather and Environment business area plays a vital role in helping societies and businesses understand, mitigate, and adapt to climate risks and extreme weather.”

Annual report 2025A · The company itself

“Energiamarkkina Energiasiirtymä jatkui, ja tuulija aurinkovoiman rakentamisen odotetaan kasvavan uusiin ennätyksiin vuosina 2024 ja 2025. IEA:n (International Energy Agency) ja BNEF:n (Bloomberg New Energy Finance) arvioiden mukaan tuulija aurinkovoiman yhteenlaskettu kapasiteettilisäys vuonna 2025 olisi 650:n ja 800 gigawatin välillä.”

Annual report 2024A · The company itself

“Energiamarkkinoita luonnehtii vahvasti siirtymä uusiutuviin energianlähteisiin, esimerkiksi tuulija aurinkovoimaan.”

Annual report 2024A · The company itself

“Yhtiön energiaratkaisut soveltuvat hyvin monenlaisiin tarkoituksiin, esimerkiksi perusvoiman tuotantoon, kantaverkon vakautta varmistavaan tuotantoon, kuormitushuippujen tasaamiseen, kuormaa seuraavaan tuotantoon sekä tuulija aurinkovoiman laajemman integroinnin tukemiseen.”

Annual report 2024A · The company itself

“Muutos viittaa hiilineutraaliussiirtymästä syntyvien houkuttelevien kasvumahdollisuuksien hyödyntämiseen sähköntuotannossa, säätövoimassa ja vihreässä merenkulussa sekä niihin liittyvissä palveluissa.”

Annual report 2024A · The company itself

“Wärtsilä tukee yhteiskuntia ja asiakkaita nopeuttamaan hiilineutraaliussiirtymäänsä markkinoiden johtavilla uusiutuvaa sähköntuotantoa tasapainottavilla teknologioilla ja sähköjärjestelmien mallinnusosaamisella. Wärtsilä Energyn ratkaisuvalikoimaan sisältyvät elinkaarija hiilineutraaliuspalvelut, kestäville polttoaineille soveltuvat voimalaitokset sekä energian varastointija optimointiteknologia, mukaan lukien GEMS Digital Energy -energianhallintajärjestelmä.”

Annual report 2024A · The company itself

“Offshore wind generation alone is expected to more than double in the next five years”

Annual report 2025A · The company itself

“We’re focusing on offshore wind in Europe and select markets in APAC where we’ll continue to build on our position as the global leader in offshore wind”

Annual report 2025A · The company itself

“We create value by developing, construc ting, operating, and owning renewable assets”

Annual report 2025A · The company itself

“Nearly half of global electricity generation is expected to come from renewable energy sources in 2030, primarily from wind and solar. Offshore wind generation alone is expected to more than double in the next five years.”

Annual report 2025A · The company itself

“The pact will turn the North Sea into the green power plant of Europe, reaffirming 300 GW of offshore wind capacity by 2050, and charting a path of a more evenly distributed offshore build-out between 2031 and 2040 with up to 15 GW installed capacity per year in Europe.”

Annual report 2025A · The company itself

“Ørsted is dependent on continued governmental support for power produced by renewable energy sources such as contracts for difference (CfDs) and other support schemes. ‘Revenue risk’ (power price and volume risk) is our third-largest risk, moving up from sixth place last year. Ørsted’s main revenue risk stems from our intermittent power generation from wind and solar PV assets.”

Annual report 2025A · The company itself

“Wind speeds amounted to a portfolio average of 11.7 m/s, which was significantly higher than in Q4 2024 (11.1 m/s) and slightly higher than the normal wind speeds expected in the fourth quarter (11.6 m/s).”

Annual report 2025A · The company itself

“Our third priority is to ensure a focused and disciplined approach to capital allocation, with a strategic emphasis on offshore wind opportunities in Europe and select markets in APAC.”

Annual report 2025A · The company itself

“In 2025, we defined four key strategic priorities to deliver on our business plan. Throughout the year, we have progressed and delivered on these priorities. During the year, we reached 10 GW of installed offshore wind capacity with the commissioning of our German offshore wind farm Gode Wind 3.”

Annual report 2025A · The company itself

“Additionally, we closed the divestment of a 24.5 % stake in our West of Duddon Sands Offshore Wind Farm, and in February 2026, we signed a divestment agreement on our European onshore business. In the US, we completed the 50 % farm-downs of two solar farms, Eleven Mile Solar Center and Sparta Solar, and divested a 49 % stake in our Badger Wind project.”

Annual report 2025A · The company itself

“Applying a focused and disciplined approach to capital allocation guided by a value-over-volume principle To ensure a focused and disciplined capital allocation, we will mainly focus on offshore wind in Europe and select markets in APAC. As part of these efforts, we will move towards a more flexible partnership and financing approach to ensure value creation and risk diversification.”

Annual report 2025A · The company itself

“This is underlined by discontinuing Hornsea 4 in its current form, our strategic decision not to participate in the Danish CCS tenders in the immediate future, and having signed a divestment agreement on our European onshore business.”

Annual report 2025A · The company itself

“In Q4 2025, we were awarded the rights under the Irish Offshore Renewable Electricity Support Scheme (ORESS) to develop the 900 MW fixed-bottom offshore wind farm Tonn Nua site with our partner ESB.”

Annual report 2025A · The company itself

“An example of this is the establishment of our low-noise monopile installation technology platform, OSONIC, which reduces installation noise by 99 % while also enabling cost savings. Going forward, we will offer licensing of the technology and related services to third-party developers for European offshore wind projects.”

Annual report 2025A · The company itself

“We’re focusing on offshore wind in Europe and select markets in APAC where we’ll continue to build on our position as the global leader in offshore wind.”

Annual report 2025A · The company itself

“We create value by developing, construc ting, operating, and owning renewable assets and by providing sustainable energy products to our customers. Our portfolio includes offshore and onshore wind farms, solar farms, energy storage, and combined heat and power plants.”

Annual report 2025A · The company itself

“Installed renewable capacity increased by 2 % to 18.5 GW in 2025, mainly due to the commissioning of the German offshore wind farm Gode Wind 3.”

Annual report 2025A · The company itself

“The delivery of our current offshore construction programme will ensure that we grow our installed capacity of offshore wind from currently 10.2 GW to more than 18 GW by the end of 2027.”

Annual report 2025A · The company itself

“During the year, we reached 10 GW of installed offshore wind capacity with the commissioning of our German offshore wind farm Gode Wind 3.”

Annual report 2025A · The company itself

“Power generation increased by 18 % to 6.8 TWh in Q4 2025. The increase was due to significantly higher wind speeds and ramp-up of generation at Gode Wind 3 in Germany.”

Annual report 2025A · The company itself

“Revenue was DKK 1.8 billion higher than in Q4 2024 and amounted to DKK 18.0 billion. Revenue from offshore wind farms in operation increased by 3 % to DKK 8.8 billion, mainly due to higher generation, partly offset by a step down in subsidy level for our older German assets and Anholt Offshore Wind Farm (DK) stepping out of subsidy.”

Annual report 2025A · The company itself

“First transition wave: Shift from fossil fuels to renewable energy generation In 2025, we reached a defining milestone in our journey towards net zero by meeting our science-based scope 1-2 GHG emissions intensity target of 10 g CO e/kWh – a 93 % reduction from a 2018 baseline (98 % from a 2006 level). This progress reflects the core achievement of wave one: the structural shift in our own energy production from predominantly fossil fuels to predominantly renewable sources. This shift continues to be characterised by the following: · Growth in renewable capacity: In 2025, we continued to expand our renewable energy portfolio, reaching a total of 18.5 GW of installed capacity, with a pipeline of 8.9 GW of decided (FID’ed) capacity.”

Annual report 2025A · The company itself

“In 2025, we continued to expand our renewable energy portfolio, reaching a total of 18.5 GW of installed capacity, with a pipeline of 8.9 GW of decided (FID’ed) capacity. Together, these projects are expected to increase the supply of renewable electricity and support the growing demand for renewable energy.”

Annual report 2025A · The company itself

“We advanced expansion projects across several terminals and continued modernising our facilities, with a strong focus on electrification, green-grid solutions and infrastructure resilience.”

Annual report 2025A · The company itself

“2) Increased demand for products for the generation of clean energy technologies There is increasing demand for raw materials such as chrome ore and low-carbon ferrochrome for clear energy technologies and essential applications in the energy transition, electromobility and other green technologies.”

Annual report 2025A · The company itself

“Videre har Aker Horizons som mål å utvikle industrielle muligheter i Narvik og å skalere opp karbonfangstvirksomheten gjennom SLB Capturi. Dette inkluderer å utnytte teknologi, industriell kompetanse og industriell software i Aker-eide selskaper samt andre strategiske industrielle partnere.”

Annual report 2024A · The company itself

“During the year, Aker Solutions took additional loss provisions on the legacy renewables project portfolio.”

Annual report 2024A · The company itself

“Segment Key Figures Renewables and Field Development The Renewables and Field Development segment designs and delivers integrated solutions for oil and gas platforms, onshore facilities, offshore wind developments and carbon capture and storage facilities.”

Annual report 2024A · The company itself

“Aker Solutions also has a broad offering within renewables markets, such as offshore wind and hydropower. Within offshore wind, Aker Solutions delivers solutions and services for full field developments, including foundations, converter- and substations, and power distribution solutions.”

Annual report 2024A · The company itself

“Aker Solutions also delivers consultancy and engineering services as well as technical solutions to support energy transition projects within offshore wind, electrification, hydrogen, carbon capture and storage and hydropower.”

Annual report 2024A · The company itself

“Transition Share of revenues in 2024 from Renewables and Transitional Energy Solutions was 18 percent. This includes projects within offshore wind, hydropower, CCS, electrification and decommissioning.”

Annual report 2024A · The company itself

“The two existing sites in Tianjin will be consolidated into this new facility, which is built to HydraSpecma’s specifications and will include solar panels and heating pumps to enable zero-emission production in China. The new facility will ensure capacity to support the expected growth in Asia-Pacific.”

Annual report 2025A · The company itself

“HydraSpecma has obtained two patents for cooling solutions, which have attracted interest from both wind turbine and solar panel manufacturers.”

Annual report 2025A · The company itself

“Reaching all-time high renewable electricity share in GPV In GPV, working on deploying renewable energy has been a key priority in recent years, and in 2025, GPV reached an all-time high renewable energy share of 55%.”

Annual report 2025A · The company itself

“The increase was driven by higher activity in the Global OEM Division, in particular within the construction equipment and materials handling segments.”

Annual report 2025A · The company itself

“Divisionen Wind erbjuder produkter, lösningar och utbildning för säkert arbete i vindkraftverk, till exempel servicehissar och stegar, som hjälper kunderna att göra vindkraften kostnadsmässigt konkurrenskraftig.”

Annual report 2024A · The company itself

“Renewable Energy Standards - Iowa and Wisconsin have renewable energy standards, which establish the minimum amount of energy IPL and WPL must supply from renewable resources. IPL primarily relies upon renewable energy generated from the wind or solar resources it owns and renewable energy acquired under PPAs to meet these requirements.”

Annual report 2025A · The company itself

“Our utility business currently operates wind and solar generating facilities, which generate production tax credits that are eligible to be used to reduce our federal tax obligations. The amount of production tax credits we earn is dependent on the level of electricity output generated by our qualifying generating facilities and sold to an unrelated buyer, and the applicable tax credit rate.”

Annual report 2025A · The company itself

“Alma Media on SBTi-tavoitteidensa saavuttamiseksi sitoutunut lisäämään uusiutuvan energian osuutta sekä omassa toiminnassaan, että arvoketjussaan. Yhtiö varmistaa, että sekä omat että kumppaneiden käyttämät palvelut – mukaan lukien datakeskukset ja pilvipalvelut – perustuvat uusiutuvaan energiaan aina, kun se on mahdollista.”

Annual report 2025A · The company itself

“Inköp av förnybar energi ökade under året, vilket bidrog till lägre koldioxidutsläpp.”

Annual report 2024A · The company itself

“Smart Energy Plan – Ameren Missouri’s plan to upgrade Missouri’s electric grid through at least 2030. Planned upgrades include investments to improve reliability and accommodate more renewable energy.”

Annual report 2025A · The company itself

“Market Long-term (5-30 years) Increased prices for Guarantees of Origin The demand for renewable energy instruments like Guarantees of Origin is expected to rise, with prices doubling in the past year and likely to continue increasing. Factors include corporate demand, inflation, reduced hydro generation, and supply shortages due to climate challenges and grid expansion delays: leading to temporary price spikes.”

Annual report 2024A · The company itself

“Energy source Medium-term (3-5 years) Transition to low carbon energy sources Atea is actively pursuing Guarantees of Origin certifications for low-carbon energy procurement and aims to expand renewable electricity production for its own use.”

Annual report 2024A · The company itself

“For instance, increased renewable energy generation and the surge in production of electrical vehicles present opportunities to provide products to these industries.”

Annual report 2024A · The company itself

“Positiivinen vaikutus tai taloudellinen mahdollisuus - Negatiivinen vaikutus tai taloudellinen riski ATRIA OYJ Tilinpäätös ja toimintakertomus 2025 40 Atrian tilinpäätös ja toimintakertomus 2025 E1 ILMASTONMUUTOKSEEN LIITTYVÄT VAIKUTUKSET, RISKIT JA MAHDOLLISUUDET VAIKUTUKSET YMPÄRISTÖÖN JA/TAI YHTEISKUNTAAN RISKIT JA MAHDOLLISUUDET ATRIALLE STRATEGISET HALLINTAKEINOT Energia + Energiatehokkuuden parantaminen vähentää kasvihuonekaasupäästöjä. Siirtyminen uusiutuviin energialähteisiin, kuten aurinkoja tuulivoimaan, vähentää riippuvuutta fossiilisista polttoaineista ja tukee kestävää kehitystä.”

Annual report 2025A · The company itself

“Lesjöfors produkter är en integrerad del av vindkraftverk och solpaneler.”

Annual report 2024A · The company itself

“TTC Norge hade en fortsatt positiv utveckling och levererade specialdesignade värmeväxlare till havsbaserade vindkraftverk.”

Annual report 2024A · The company itself

“Additionally, BHE subsidiaries have invested approximately $7.1 billion in wind projects sponsored by third parties, commonly referred to as tax equity investments.”

Annual report unknown yearA · The company itself

“BHE and its subsidiaries, also own interests in independent power projects having approximately 6,400 net megawatts of generation capacity that are in service and under construction in California, Texas, Illinois, Nebraska, Montana, New York, Arizona, West Virginia, Minnesota, Kansas, Iowa, Hawaii, Australia and Canada. These independent power projects sell power generated primarily from wind, solar, geothermal and hydro sources under long-term contracts.”

Annual report unknown yearA · The company itself

“The Public Real Assets platform is managed by Harvest Fund Advisors LLC (“Harvest”), which primarily invests in publicly traded energy infrastructure, renewables and master limited partnerships holding midstream energy assets in North America.”

Annual report 2025A · The company itself

“Stål galvaniseras med hjälp av zink för att skydda materialet, vilket ökar motståndskraften mot tuffa väderförhållanden. Därför används zink i till exempel vindkraftverk och fordonschassin.”

Annual report 2024A · The company itself

“Galvanisering av stål med zink förhindrar korrosion och förlänger därmed livslängden på allt som utsätts för väder och vind, från byggnader och infrastruktur till havsbaserade vindkraftverk.”

Annual report 2024A · The company itself

“Mer än 60 % av den globala kopparproduktionen används för att generera eller leda elektricitet. Koppar finns i viktiga elektriska komponenter för förnybar energi, t.ex. turbiner, generatorer, transformatorer, växelriktare och elkablar.”

Annual report 2024A · The company itself

“The Company is well positioned in several growth segments and especially in the renewable energy eco-system. This includes development and production of renewable energy, wind industry services, and renewable energy technology. This unique combination also positions the Company for new strategic opportunities.”

Annual report 2024A · The company itself

“Boozt åtar sig även att öka de aktiva årliga inköpen av förnybar el från 98,2% under räkenskapsåret 2022 till 100% senast räkenskapsåret 2030.”

Annual report 2024A · The company itself

“At the same time, we are broadening our focus to include renewable energy solutions beyond floating offshore wind including solutions for low carbon energy production using carbon capture & storage technology. The transition to cleaner energy continues to be a core focus of our long-term strategy.”

Annual report 2024A · The company itself

“Since 2021, BW Offshore has invested USD 80 million in BW Ideol, a floating offshore wind technology and project co-development business. BW Ideol benefits from BW Offshore’s extensive experience in offshore construction projects, supporting the development of market-leading renewable technology capabilities.”

Annual report 2024A · The company itself

“Ideol has finalised the concept design for the 1 GW Buchan Offshore Wind development project. Consent applications are planned for 1H 2025, and approval is expected in 2026.”

Annual report 2024A · The company itself

“In April 2024, BW Ideol launched a standardised floating foundation design that is based on the patented damping pool concept.”

Annual report 2024A · The company itself

“Furthermore, BW Ideol became the technology provider designing the floating foundations for the EDF Renewables and Maple Power consortium, which won the AO6 tender to design, construct, operate, and decommission a future 250MW floating offshore wind farm in France in December 2024.”

Annual report 2024A · The company itself

“Our strategy is built on three pillars: extracting maximum value from the conventional business and existing fleet, expanding the core floating production business through investments in new offshore energy infrastructure, and strengthening our position in offshore renewable energy.”

Annual report 2024A · The company itself

“As climate change drives shifts in the energy landscape, we see emerging opportunities to diversify our asset portfolio, including energy transition fuels such as floating liquid natural gas plants and renewable technologies.”

Annual report 2024A · The company itself

“As offshore wind projects grow in scale and complexity, installation capacity and operational efficiency are becoming increasingly critical. A larger, standardised fleet also enhances operational resilience for our clients.”

Annual report 2025A · The company itself

“As offshore wind projects continue to scale, demand for highcapacity installation vessels and specialised O&M services is expected to increase.”

Annual report 2025A · The company itself

“The Cadeler Group relies on revenue generated from wind farm installation and related maintenance. The limited diversification in Cadeler’s sources of revenue makes the Cadeler Group vulnerable to adverse developments or periods of low market demand.”

Annual report 2025A · The company itself

“To support this development, Cadeler launched Nexra in 2025 as a dedicated O&M service platform. Nexra strengthens client partnerships and enables a more focused and scalable approach to long-term service delivery.”

Annual report 2025A · The company itself

“Through disciplined execution and a major expansion of our fleet, the company strengthened its position as a leading provider of offshore wind installation services while delivering strong financial performance. Building on the strategic transformation of recent years, Cadeler significantly increased fleet capacity, expanded its organisational platform, and further diversified revenues across transport and installation, foundations, and operations and maintenance (O&M).”

Annual report 2025A · The company itself

“Cadeler A/S ("Cadeler" or the "Company" and, together with its subsidiaries, the "Cadeler Group" or the "Group") is a leading supplier to the offshore wind industry, specialising in installation services and operation and maintenance works.”

Annual report 2025A · The company itself

“Cadeler's services encompass project management, operations and maintenance, as well as decommissioning for the offshore wind industry.”

Annual report 2025A · The company itself

“Demand for O&M services continued to grow in 2025, representing approximately one-fifth of Cadeler’s revenue. This growth reflects the rapid expansion of the global offshore wind installed base and the increasing deployment of larger turbines.”

Annual report 2025A · The company itself

“Cadeler’s capabilities in foundation transport and installation also continued to advance. Building on experience from more than 900 installed offshore foundations, the company will begin execution of the full-scope foundation campaign at Ørsted’s Hornsea 3 offshore wind farm in early 2026.”

Annual report 2025A · The company itself

“The Cadeler Group generates revenue by utilizing its fleet for the transportation and installation of offshore wind turbine generators and foundations, and the provision of maintenance services in the offshore wind industry.”

Annual report 2025A · The company itself

“In 2025, we took a significant step forward in our commitment to renewable energy by signing three new power purchase agreements in Sweden, Norway and Finland. While the vast majority of our operations already run on renewable energy through purchased certificates, these agreements will add new renewable capacity to national grids and further support our commitment to sustainability.”

Annual report 2025A · The company itself

“In 2025, we expanded our use of renewable energy through new power purchase agreements (PPAs) in the Nordics, accelerating the transition to green electricity across our production sites.”

Annual report 2025A · The company itself

“Möjlighet till produktion av förnyelsebar energi som leder till utfasning av fossil energi, ökade intäkter, minskad klimatpåverkan och minskade driftkostnader.”

Annual report 2024A · The company itself

“Solar and Wind Indiana Electric has entered into various PPAs to purchase solar power and wind power to meet its future generation needs as reported in the table below: Power Type Counterparty Location Date in Service/Expected Date in Service Capacity (MW) Term (in Years) Wind NextEra Energy, Inc. Tama County, Iowa 2025 170 27 Solar Origis Knox County, Indiana 2026 150 20 Wind NextEra Energy, Inc.”

Annual report 2025A · The company itself

“For example, due to shifting market dynamics, changing project considerations such as substantial delays in commercial operation dates (due in part to MISO interconnection delays), cost increases and concerns about customer affordability, Indiana Electric terminated several wind and solar projects in 2025.”

Annual report 2025A · The company itself

“The transactions optimized geographic hydro exposure while showcasing asset values. • Managed turbine blade issues at Odal Wind Farm (176 GWh) with a comprehensive repair program led by Siemens Gamesa. 30 out of 34 turbines were operational by year-end, with full restoration expected in 2025.”

Annual report 2024A · The company itself

“Three Vestas V162 turbines, each with a capacity of 6.2 MW, were installed under a long-term service contract with a 97% uptime guarantee.”

Annual report 2024A · The company itself

“Please see note 5 for further information. • Odal Wind Farm (163 MW, 54 MW net to Cloudberry) faced significant operational challenges throughout 2024 due to technical issues with the Siemens Gamesa 4.X series turbines which has greatly impacted production over the course of the year. Following a production shut down in April after a blade incident, 30 turbines (34 total) passed return to service by year end.”

Annual report 2024A · The company itself

“This transaction underscores significant value creation, demonstrating a gain of over NOK 2m per MW and highlights the Projects segment’s role in driving value creation for Cloudberry. • Strategic land agreements with Holmen (SE-3): Cloudberry strengthened its collaboration with Sweden’s largest private landowner, Holmen, securing access to new development sites. This agreement added 300 MW of new wind projects to the backlog in SE-3, reinforcing Cloudberry’s growth ambitions in Sweden and the ability to collaborate with large professional land owners.”

Annual report 2024A · The company itself

“• Cloudberry’s backlog has increased to 1 239 MW across 33 exclusive projects, up from 625 MW in 2023.”

Annual report 2024A · The company itself

“• Successfully onboarded Munkhyttan (19 MW) and Sundby (32 MW) Wind Farms, optimizing operations post-transfer from the Projects segment. The hydropower plant Øvre Kvemma (NO-5) was further added to Cloudberry’s internally managed hydro portfolio • Three external small hydro power plants in Norway were added to the portfolio • The wind farm Akmene One (75 MW), for the client Aquila, was taken over by the asset management team.”

Annual report 2024A · The company itself

“Cloudberry is a renewable energy company. With the combination of profitability and sustainability as our guiding principle, we live and breathe to develop, own, and operate renewable energy assets in the Nordics.”

Annual report 2024A · The company itself

“We do this by focusing on proven and mature technologies like hydro-, wind-, solar power and energy storage in the Nordics.”

Annual report 2024A · The company itself

“assets and 114 wind turbines (organized in seven projects), wholly and partially owned. We value a strong local and active ownership strategy and prefer majority ownership; however, in certain investments we have shared ownership alongside strategic partners.”

Annual report 2024A · The company itself

“In 2024, Cloudberry successfully completed the construction of two major wind farms on time and within budget without any safety incidents: Munkhyttan and Sundby, adding 149 GWh of new annual renewable energy production in SE-3.”

Annual report 2024A · The company itself

“Our development backlog grew to 1 239 MW throughout 2024, supported by a long-term collaboration with Holmen Renewable Energy securing 300 MW of new wind projects in SE-3, Sweden.”

Annual report 2024A · The company itself

“The Munkhyttan and Sundby wind farms were completed on time and within budget, later transferred to the Commercial segment following test production.”

Annual report 2024A · The company itself

“This comprises reported total revenues of NOK 548m (NOK 610m) from sale of power related products, asset management, digital- and consultancy services and other income.”

Annual report 2024A · The company itself

“This growth was primarily driven by internal asset sale from Projects to Commercial of Munkhyttan and Sundby as described below showcasing the value created in the development phase. The remaining revenue is related to power sales from the same assets when they were under the Projects segment • Proportionate EBITDA: Improved from NOK -16 million in 2023 to NOK 100 million in 2024 mainly due to the same effects as explained above • Munkhyttan Wind Farm (SE-3): The final investment decision (FID) for Munkhyttan I (18.6 MW) was made in June 2023, and towards the end of 2024, the project was completed ahead of schedule and within budget with no safety incidents.”

Annual report 2024A · The company itself

“First power was achieved in Q3 and commercial operations started in Q4 • Sundby Vindpark (SE-3): The construction of Sundby Vindpark (32 MW) was successfully completed on time and below budget. The wind farm, consisting of nine Vestas turbines, began test production in Q1, with all units fully operational later the same year.”

Annual report 2024A · The company itself

“In 2024, Cloudberry, as part of the integration of Captiva, re-named three of its four segments, Projects (previously Development), Commercial (previously Production) and Asset Management (previously Operations), while the Corporate segment name remained unchanged. The scope, revenue and cost streams of the segments are comparable to the previous segments. The Group manages and reports its operations in four operating segments; • Projects is a green-field developer of hydro, wind and solar projects and has a solid track record of organic, in-house developments of wind and hydropower assets in Norway, Sweden and Denmark. • Commercial is an active owner of renewable power assets in the Nordics, and in charge of M&A and partnerships in Cloudberry. • Asset Management operates external customers’ and Cloudberry’s renewable assets.”

Annual report 2024A · The company itself

“The Projects segment is responsible for the development, permitting, procurement, and construction of hydro, wind and solar projects across the regions. The segment has a significant development portfolio with renewable assets in the Nordics.”

Annual report 2024A · The company itself

“Consumers’ planned investments include the construction or acquisition of electric generation, electric and gas infrastructure, conversions and expansions, environmental controls, electric grid automation technologies, and other electric and gas investments to upgrade delivery systems, as well as decommissioning of older facilities.”

Annual report 2025A · The company itself

“The journey started with close collaboration between the Dry owner and Dry operator teams, who jointly identified the need for a vessel capable of transporting wind turbine blades. By aligning commercial ambitions with technical expertise, the teams secured and integrated a vessel perfectly suited for specialised project cargo.”

Annual report 2025A · The company itself

“In 2025, we thus reached an important emissions milestone: We used 53% renewable electricity, thus delivering on our target of 50% renewable electricity in own operations by 2025.”

Annual report 2025A · The company itself

“We have also entered into power purchase agreements with contract terms ranging from 5-20 years. These agreements require us to purchase renewable energy and/or environmental attribute certificates from producers at fixed prices over the terms of the contracts, subject to certain adjustments. In the event that the market price for energy and/or environmental attribute certificates decreases, we may be required to pay more than we would otherwise if we were to purchase them on the open market, which could adversely affect our results of operations.”

Annual report 2025A · The company itself

“Flera stora industriaktörer planerar att bygga ytterligare vindkraftverk i norra Sverige, vilket skulle stärka landets energiförsörjning ytterligare. Med insikt om vätgasens avgörande roll i den gröna omställningen har EU-kommissionen aviserat investeringar på upp till 470 miljarder euro i vätgasteknologi fram till 2050.”

Annual report 2024A · The company itself

“Longer term, I am confident the offshore floating wind market will provide additional opportunities to expand our backlog.”

Annual report 2024A · The company itself

“Recent legislative and regulatory changes that are impacting or could impact the Companies include legislation enacted in Virginia in April 2023, the IRA, the VCEA, the 2017 Tax Reform Act, the OBBBA and tariffs imposed on various components required for construction of the CVOW Commercial Project or imported solar panels by the U.S. government in 2025 and 2018, respectively.”

Annual report 2025A · The company itself

“For example, the estimated total project cost and expected placed in service date for the CVOW Commercial Project were negatively impacted by projected installation timeline changes arising from the temporary suspension of work from the BOEM Director’s Order issued in December 2025 until a preliminary injunction was granted by the U.S District Court for the Eastern District of Virginia in January 2026, which allowed work to resume. Any additional suspension of work orders could result in further changes to the estimated total project cost and/or the timeframe turbines are expected to be placed in service.”

Annual report 2025A · The company itself

“In addition, sustained changes in weather patterns could result in decreased output at the Companies’ renewable generation facilities.”

Annual report 2025A · The company itself

“Renewable generation facilities are expected to include significant investments in utility-scale solar and the CVOW Commercial Project.”

Annual report 2025A · The company itself

“Dominion Energy is one of the nation’s leading developers and operators of regulated offshore wind and solar power and the largest producer of carbon-free electricity in New England.”

Annual report 2025A · The company itself

“To achieve Dominion Energy’s commitment to net zero emissions by 2050 and comply with the requirements of the VCEA and projected demand while maintaining reliability, the Companies are currently simultaneously developing or constructing several electric generation projects, including subsequent license renewal projects at nuclear facilities in Virginia and South Carolina, the CVOW Commercial Project, the Chesterfield Energy Reliability Center, several electric transmission projects and various solar projects.”

Annual report 2025A · The company itself

“DOVRE GROUP PLC ANNUAL REPORT 2025 DOVRE GROUP IN BRIEF We are the preferred partner for the development and construction of utility-scale renewable energy. Our project management solutions support efficient cost control in complex projects. Together with our clients, we actively build green energy and promote an environmentally and socially sustainable future.”

Annual report 2025A · The company itself

“The business was based on the construction of utility-scale wind and solar parks, battery-based energy storage systems, and heat recovery systems supporting energy efficiency.”

Annual report 2025A · The company itself

“The core of the business area consisted of the Suvic subgroup, which was responsible for the execution of renewable energy projects. During the year, significant financial and operational challenges encountered in Suvic’s projects materially weakened the financial performance of the business area. Suvic Oy was declared bankrupt by a decision of the Oulu District Court on 7 January 2026.”

Annual report 2025A · The company itself

“As a result of the bankruptcy, Dovre Group lost control over the Suvic subgroup, and its operations were transferred to the administration of the bankruptcy estate.”

Annual report 2025A · The company itself

“Following the bankruptcy of Suvic Oy, the Group’s project operations related to renewable energy construction have ceased.”

Annual report 2025A · The company itself

“Market growth is expected to be driven by major shifts in population demographics; improving socioeconomic status in emerging geographic regions; consumer and brand owner demand for increased functionality including sustainable offerings through lower-carbon and circular solutions; global efforts to reduce food waste; growth in telecommunications networks; global development of electrical transmission and distribution infrastructure; and renewable energy applications such as wind and solar (photovoltaic) power.”

Annual report 2025A · The company itself

“In 2025, eBay sourced 100% of its electricity consumption for eBay-controlled offices and data centers from renewable sources for the second straight year. eBay is committed to continuing this trend by assessing our future energy demand and sourcing renewables to meet any planned growth. eBay has also set emissions reduction targets, including near- and long-term science-based targets, and a 2045 net-zero target that have been validated by the Science Based Targets initiative.”

Annual report 2025A · The company itself

“In addition, CSEM data can provide information on shallow subsurface resistivity which is important in marine mineral exploration and could also prove to be valuable in offshore wind turbine and cable placement and a range of other geotechnical applications.”

Annual report 2024A · The company itself

“Elkem is well-positioned to meet these challenges, thanks to its high proportion of renewable energy and targeted climate ambitions. functions.”

Annual report 2024A · The company itself

“Products and services Technology High Medium Medium Low Short Long Increased demand for renewable power, power storage, electrific tion and improvement of electrical infrastructure presents an opportunity for Elkem to expand in these sectors.”

Annual report 2024A · The company itself

“Nordic Elmera Group has a subsidiary called Switch Nordic Green AB. The company sells renewable energy and electricity contracts with guarantees of origin (GoOs) in the con- sumer and business markets under the brand name Nordic Green Energy.”

Annual report 2024A · The company itself

“Vi installerar, underhåller och uppgraderar infrastruktur för eldistribution och kraftöverföring, och erbjuder kompletta lösningar för smarta elnät, e-Mobility, solceller, vindkraft och batterilagringssystem (BESS).”

Annual report 2024A · The company itself

“Det finns betydande potential för Eltel när det gäller att distribuera sina radiolänkslösningar på fiskodlingar och havsbaserade vindkraftsprojekt.”

Annual report 2024A · The company itself

“On the other hand, because certain of our construction and service offerings are designed to improve energy efficiency in our clients’ operations, or to assist in the generation of new sources of renewable energy, such as wind, solar, and geothermal generation, decreases in the costs of traditional energy sources such as electricity, oil, and natural gas, including as a result of recessionary pressure and reduced demand, may lower our customers’ demand for efficiency improvements and alternative energy sources, which could have an adverse effect on our financial position, results of operations, and cash flows.”

Annual report 2025A · The company itself

“Suomessa siirtymä puhtaampaan energiaan eteni, kun kivihiilen käyttö energiantuotannossa päättyi keväällä 2025, ja tuulivoima jatkoi Suomen suurimpana uusiutuvan sähkön tuotantomuotona.”

Annual report 2025A · The company itself

“Strateginen fokusointi päätökseen Myimme tuuli- ja aurinkovoiman hankekehitysliiketoiminnan Fortumille, meriteollisuusyksikön Davielle ja ajoimme päästöttömän liikenteen ratkaisut alas.”

Annual report 2025A · The company itself

“Power Power-liiketoimintayksikkö tarjoaa ratkaisuja yhteiskunnan sähköistymiseen ja uusiutuvaan energiaan asiakkailleen, joita ovat energiantuotannossa tai -siirrossa toimivat yritykset sekä datakeskukset. Liiketoimintayksikön projekteja ja palveluita ovat voimansiirtoverkkojen, sähköasemien, sähkövarastojen sekä tuulivoima- ja aurinkopuistojen suunnittelu, rakentaminen ja kunnossapito.”

Annual report 2025A · The company itself

“Power-liiketoimintayksikkö tarjoaa ratkaisuja yhteiskunnan sähköistymiseen ja uusiutuvaan energiaan asiakkailleen, jotka toimivat energiantuotannossa tai -siirrossa sekä datakeskuksissa. Liiketoimintayksikön projekteja ja palveluita ovat voimansiirtoverkkojen, sähköasemien, sähkövarastojen sekä tuulivoima- ja aurinkopuistojen suunnittelu, rakentaminen ja kunnossapito.”

Annual report 2025A · The company itself

“Enersensen toiminta tuottaa asiakkaille vihreään energiasiirtymään, tietoliikenneyhteyksiin ja yhteiskunnan infrastruktuuriin liittyviä tuotteita ja palveluita.”

Annual report 2025A · The company itself

“Enersense on laajalti mukana erilaisissa vihreän energiantuotannon hankkeissa suunnittelemassa, rakentamassa, käyttämässä ja kunnossapitämässä. Näitä ovat muun muassa sähköverkot, sähköasemat, vihreän vedyn laitokset sekä vesi-, tuuli- ja aurinkovoimalaitokset.”

Annual report 2025A · The company itself

“Enersensen tuuli- ja aurinkovoiman hankekehitysliiketoiminnan kauppa toteutui 26.2.2025 Joupinkangas Wind Farm Oy (tytäryhtiöineen) osakkeiden myynnillä. Hankekehitysliiketoiminta oli osa Power-liiketoimintayksikköä. Kaupan toteutumisen yhteydessä Fortum maksoi kiinteän velattoman käteishinnan 9,4 miljoonaa euroa. Samalla Enersense kirjasi 22,3 miljoonan euron voiton.”

Annual report 2025A · The company itself

“Under 2024 använde vi 86 procent förnybar energi för el och värme i våra produktionsanläggningar, vilket ligger på samma nivå som föregående år.”

Annual report 2024A · The company itself

“Ungefär 81 procent av engcons energianvändning sker i Sverige, där 100 procent av elen och 100 procent av värmen kommer från förnybara energikällor. Den el som köps i Sverige kommer från vind (över 80 procent), vatten (ca: 10 procent) och bioenergi (ca: 5 procent). Den förnybara värmen i Sverige kommer från förbränning av flis.”

Annual report 2024A · The company itself

“In general, solar and wind facilities must be placed in service by December 31, 2027 to qualify for the tax credits, unless construction begins by July 3, 2026, and certain safe harbor requirements are met. In addition, the OBBBA adopted new foreign entity of concern (FEOC) rules designed to deny clean energy tax incentives to all clean energy projects beginning construction after December 31, 2025 that use equipment beyond statutory guidelines from prohibited foreign entities (entities with ties to China, Russia, Iran, or North Korea).”

Annual report 2025A · The company itself

“The APSC has approved offerings of 280 MW of solar capacity to be made available under this tariff. In June 2023 the APSC approved Entergy Arkansas’s Go ZERO tariff, which provides participating industrial and commercial customers the opportunity to choose from a number of clean energy options to help them achieve their sustainability goals. The APSC has approved offerings of 240 MW to be made available under this tariff.”

Annual report 2025A · The company itself

“The Utility operating companies’ long-term resource strategy (Portfolio Transformation Strategy) calls for the bulk of capacity needs to be met through long-term resources, whether owned or contracted. Over the past decade, the Portfolio Transformation Strategy has resulted in the addition of about 9,430 MW of new long-term resources and the deactivation of about 4,004 MW of legacy generation.”

Annual report 2025A · The company itself

“EOG also faces competition from alternative energy sources, such as renewable energy sources.”

Annual report 2025A · The company itself

“Under EQT:s ägande kommer EQT att stötta OX2 från en renodlad utvecklare till en integrerad aktör inom förnybar energi och tillgångsförvaltning, samtidigt som bolaget behåller möjligheten att sälja projekt.”

Annual report 2024A · The company itself

“Exempelvis kan portföljbolag bli mer klimatresilienta och minska sina växthusgasutsläpp genom att ställa om till förnybar energi, förbättra driftseffektiviteten, utveckla produkter och tjänster med låga koldioxidutsläpp och implementera robust klimatstyrning i ledningsgrupper och styrelser.”

Annual report 2024A · The company itself

“Transaktionen är ett viktigt steg i EQT:s engagemang för att fortsätta driva energiomställningen. OX2 är verksamt inom både land- och havsbaserad vindkraft, solenergi och energilagring, med en stark närvaro i 11 europeiska marknader, samt nyligen även i Australien.”

Annual report 2024A · The company itself

“Further, natural gas as a fuel competes with other forms of energy available to end-users, including coal, liquid fuels and, increasingly, renewable and alternative energy. Increases, whether driven by legislation, regulation or consumer preferences, in the availability and demand for renewable and alternative energy at the expense of natural gas (or increases in the demand for other sources of energy relative to natural gas based on price and other factors) could adversely affect the customers of our midstream services and lead to a reduction in demand for our natural gas gathering, transmission and storage services.”

Annual report unknown yearA · The company itself

“We invest in energy efficiency and procure renewable energy to reduce our GHG emissions and maintain a competitive edge in our industry.”

Annual report 2025A · The company itself

“Tilgangen på ny sol- og vindkraftkapasitet, i tillegg til lavere gasspriser, høy fyllingsgrad i vannkraftmagasinene og god tilgang på kjernekraft bidro til å senke prisene.”

Annual report 2024A · The company itself

“Produksjonen fra fossile brennstoffer i de ovennevnte markedene gikk ned med 60 TWh, eller 14 % sammenlignet med året før, mens sol- og vindkraftproduksjonen kom opp i 531 TWh, som er 3 % høyere enn i 2023.”

Annual report 2024A · The company itself

“Vesentlig finansiell risiko og mulighet: Verdi knyttet til utvikling av fornybar- og lavkarbonverdikjeder Mange usikre faktorer påvirker vår evne til å få tilgang til og utvikle attraktive muligheter innenfor fornybar energi og lavkarbonløsninger med en solid kontantstrøm og lønnsom vekst over tid. Finansielle muligheter kan oppstå fra utvikling av politikk og politiske rammeverk, økt etterspørsel fra forbrukere, utbygging av infrastruktur og styrket leverandørkjede samt teknologi.”

Annual report 2024A · The company itself

“Vi bygger videre på vår historie som teknologipionérer og har utviklet og startet opp verdens første flytende vindpark som forsyner olje- og gassinstallasjoner med strøm, tatt investeringsbeslutning på verdens første gasskraftverk med karbonfangst, og vi utvikler verdens første ammoniakkdrevne forsyningsfartøy.”

Annual report 2024A · The company itself

“Redegjørelse for hvordan omstillingsplanen er integrert i og tilpasset den overordnede forretningsstrategien og finansiell planlegging Equinors omstillingsplan er godt integrert i forretningsstrategien vår: Optimalisert olje- og gassportefølje, lønnsom vekst innen fornybar energi og nye markedsmuligheter innen lavkarbonløsninger.”

Annual report 2024A · The company itself

“Equinor har en ambisjon om å installere 10-12 GW fornybar energi kapasitet innen 2030 (basert på eierandel).”

Annual report 2024A · The company itself

“Empire Wind 1 (USA) og Baltyk II & III (Polen) vil settes i drift i perioden frem mot 2030. Dette vil gi en økt produksjonskapasitet tilsvarende nesten 6 GW.”

Annual report 2024A · The company itself

“Flere initiativer ble lansert for å utvikle kritisk kompetanse som gjør det mulig for Equinor å drive energiomstillingen, inkludert: • Fornyelse og lansering av porteføljen av bærekraftsprogrammet i 2024 til alle ansatte • Utvikling av opplæringsprogrammer som dekker havvind, hydrogen og karbonfangst, -utnyttelse og -lagring • Oppdatering av eksisterende verdikjedeprogrammer for å adressere ny fornybar energi og lavkarbonverdikjeder Vår samlede satsing på formell opplæring og kompetanseutvikling har økt årlig.”

Annual report 2024A · The company itself

“RENs havvindportefølje omfatter fem vindkraftprosjekter som er i drift, med en samlet produksjonskapasitet eid av Equinor på 423 MW.”

Annual report 2024A · The company itself

“REN - Finansiell informasjon (i millioner USD) 2024 2023 Endring Eksterne salgsinntekter og andre inntekter >100% (33) N/A >100% Økningen i inntektene for året 2024 som helhet var drevet av bidrag fra tilgangen av landvindparker i drift i Brasil og Polen, en gevinst som følge av justering av virkelig verdi knyttet til betingede vederlag og en positiv endring i resultatandel fra egenkapitalkonsoliderte investeringer.”

Annual report 2024A · The company itself

“A specialiced hydropower plant developer and operator.”

Annual report 2024A · The company itself

“Fossberg Kraft delivered the two small-scale hydropower plants “Skjeggfoss” and “Haugsvær” to customer in September 2024. Fossberg Kraft has now successfully sold and operates 9 hydropower plants (of which 6 are constructed by Fossberg Kraft).”

Annual report 2024A · The company itself

“Fossberg Kraft is a specialized small-scale hydropower plant developer (with a combined 80+ year of experience), and is a central part of our ongoing commitment to the renewable energy infrastructure of Norway.”

Annual report 2024A · The company itself

“Kestävät suunnitteluratkaisut ja tekninen tuki uusiutuvalle energialle, älykkäille sähköverkoille ja tehokkuuden optimoinnille.”

Annual report 2025A · The company itself

“Additionally, the Evergy Companies have been increasing their renewable resources and expect to continue to add renewable capacity in the future. The production of energy from wind and solar facilities depends heavily on suitable weather conditions, which are variable. When wind or solar conditions are unfavorable or below estimates, electricity production can be substantially below expectations.”

Annual report 2025A · The company itself

“The Evergy Companies' strategic plan includes adding a significant amount of natural gas and renewable generation. Transmission constraints and delays in the transmission planning and construction processes could impair the ability of the Evergy Companies to sell and transmit electricity generated by these generation facilities, which could have an adverse impact on the results of operations, financial position and cash flows of the Evergy Companies.”

Annual report 2025A · The company itself

“Fuel Type Estimated 2026 MW Capacity Percent of Total Capacity Coal 5,930 37 % Wind(a) 4,525 29 Natural gas and oil 4,229 27 Uranium 1,106 7 Solar and landfill gas 22 — Total capacity 15,812 100 % (a) MWs are based on nameplate capacity of the wind facility.”

Annual report 2025A · The company itself

“The revenue of the biggest customer was reported under the Wind power customer industry.”

Annual report 2025A · The company itself

“Renewable energy and energy efficiency In 2025, F-Secure’s headquarters in Helsinki moved to new office spaces. In the process, renewable energy was considered, and the electricity used in the new Helsinki office is 100% renewable.”

Annual report 2025A · The company itself

“FedEx is actively investing in renewable energy through a diversified strategy that includes on-site solar, off-site generation, utility partnerships, and exploring virtual power purchase agreements and options for energy attribute certificates. We are executing a portfolio-based energy strategy to increase renewable electricity generation and procurement across our facilities, while building the foundation for long-term electrification and grid resilience.”

Annual report 2026A · The company itself

“Når leverandører investerer i vedvarende energi og bevæger sig væk fra fossile energikilder, reduceres emissionerne i den del af værdikæden, som koncernen er afhængige af. Flügger arbejder aktivt med at fremme transparens omkring energikilder og samarbejde med leverandører, der dokumenterer konkrete tiltag for deres energiomstilling.”

Annual report 2026A · The company itself

“Vaikutusten kohteena olevat yhteisöt Mahdollinen kielteinen vaikutus Oma toiminta Keskipitkä aikaväli Fortumin arvoketjun toimilla, kuten vähemmistöomistuksessa olevilla tuulivoimaloilla ja kehitettävillä uusilla laitoksilla, on mahdollisia vaikutuksia alkuperäiskansojen perinteisiin maankäyttötapoihin, käytäntöihin ja elinkeinoihin, kuten alkuperäiskansojen perinteisesti harjoittamaan poronhoitoon.”

Annual report 2025A · The company itself

“Vuonna 2025 laajensimme myös uusiutuvan energian hankekantaamme kahdella merkittävällä maatuulivoimahankinnalla Suomessa. Hankimme Enersenseltä 2,6 GW:n ja ABO Energyltä 4,4 GW:n kehitysportfoliot, joiden myötä meillä on Pohjoismaissa lupakäsittelyssä noin 8 GW maatuuli- ja aurinkovoimaprojekteja ja lisää hankkeita varhaisessa kehitysvaiheessa.”

Annual report 2025A · The company itself

“Fortum sai 28.11.2025 päätökseen kehitysportfolion oston saksalaiselta ABO Energyltä, joka on uusiutuvan energian kehityshankkeisiin ja rakentamiseen erikoistunut yritys. Kaupan kohteena oli noin 4,4 GW eri vaiheissa olevia Suomessa sijaitsevia maatuulivoiman kehityshankkeita.”

Annual report 2025A · The company itself

“Uutta vähähiilistä sähköntuotantokapasiteettia Rakennusvalmiiden maatuuli- ja aurinkovoimahankkeiden (800 MW) kehittäminen: Fortum kehittää rakennuspaikkoja maatuulivoima- ja aurinkovoimahankkeille Pohjoismaissa. Esimerkiksi vuonna 2025 Fortum hankki ABO Energyn Suomen maatuulivoiman projektikehitysportfolion noin 65 miljoonalla eurolla (ml. lisäkauppahinta), mikä toi noin 4,4 GW eri kehitysvaiheissa olevia hankkeita yhtiön hankesalkkuun. Lisäksi Fortum osti Enersenseltä noin 16 miljoonalla eurolla (ml. lisäkauppahinta) uusiutuvan energian 2,6 GW projektihankekehitysportfolion.”

Annual report 2025A · The company itself

“Muutokset konsernin rakenteessa 28.11.2025 Fortum hankki tuulivoiman projektikehitysportfolion saksalaiselta uusiutuvan energian kehittäjältä ja rakentajalta ABO Energylta. Hankittu portfolio sisältää noin 4,4 GW maatuulivoiman kehityshankkeita eri vaiheissa Suomessa.”

Annual report 2025A · The company itself

“Vuoden 2025 ensimmäisellä neljänneksellä Fortum hankki uusiutuvan energian hankkeiden kehitysportfolion Enersenseltä. Kaupan kohteena oli 2,6 GW Suomessa sijaitsevia maatuulivoiman alkuvaiheen kehityshankkeita, joista vain pienen osan odotetaan etenevän rakennus valmiiseen vaiheeseen.”

Annual report 2025A · The company itself

“Merkittävimmät luokitusjärjestelmän mukaiset toiminnot ovat sähköntuotanto vesivoimalla, jonka asennettu kapasiteetti on 4,7 GW (50 % kokonaiskapasiteetista) (2024: 4,7 GW, 50 % kokonaiskapasiteetista), ja sähköntuotanto ydinvoimalla, jonka asennettu kapasiteetti on 3,2 GW (35 % kokonaiskapasiteetista) (2024: 3,2 GW, 35 % kokonaiskapasiteetista).”

Annual report 2025A · The company itself

“Generation-segmentti vastaa Fortumin sähköntuotannosta pääasiassa Pohjoismaissa. Segmenttiin kuuluvat vähäpäästöinen vesi-, ydin-, tuuli- ja aurinkovoimatuotanto sekä kaukolämpöja kaukokylmäliiketoiminta sekä hiilidioksidipäästöjen vähentäminen lämpöliiketoiminnassa.”

Annual report 2025A · The company itself

“In our Wind segment, we engineer, manufacture, and commercialize wind turbines, an important technology playing a role in the energy transition as we seek to decarbonize the world's energy sector. Onshore Wind - delivers wind turbines, technology, and services for the onshore wind power industry by focusing on workhorse products in select geographies, while continuing to innovate the technology to create wind turbines suitable for various markets and environmental conditions.”

Annual report 2025A · The company itself

“Offshore Wind - provides offshore wind power technologies and wind farm development for the offshore wind power sector. Our workhorse product in the offshore market is our Haliade-X 220m offshore unit.”

Annual report 2025A · The company itself

“LM Wind Power - designs, produces, and tests wind turbine blades.”

Annual report 2025A · The company itself

“Equipment revenues increased at Electrification, primarily at Grid Solutions due to growth in switchgear, high-voltage direct current solutions, and alternating current substation solutions volume and at Power Conversion & Storage; and at Power, due to increases in Gas Power from Heavy-Duty Gas Turbine and Aeroderivative units deliveries and favorable price; partially offset at Wind, due to decreases at Offshore Wind from the nonrecurrence of revenues recorded on the settlement of a previously canceled project in the third quarter of 2024, project delays, and fewer nacelles produced in the year, and decreases at LM Wind Power due to lower volume from footprint reduction, partially offset by increases at Onshore Wind due to improved pricing and delivery of more units.”

Annual report 2025A · The company itself

“o Increasing deployment of intermittent renewable generation sources coupled with accelerating electricity demand trends driving supply/demand imbalances for utilities and grid operators. ● Higher power prices driving the need for energy management solutions: o Electrification trends causing power demand to exceed supply, driving up power prices. o Investment required to upgrade grid infrastructure and transition to renewable power sources, pushing prices higher. o Higher power prices result in shorter paybacks for solar & storage systems. ● Artificial intelligence adoption accelerating, creating a large market opportunity for backup power: o Significant power requirements for the buildout of data centers to enable AI adoption could drive further grid instability and higher power prices. o Massive capital investment into hyperscale and edge data centers has created a very large market for back-up power that is supply-constrained, providing a significant growth opportunity for our newly introduced large-megawatt C&I products.”

Annual report 2025A · The company itself

“We have strategically targeted specialty industries in power generation, alternative energy, government, transportation, ports, and emerging sectors like electric vehicle battery production.”

Annual report 2025A · The company itself

“Our Business Products We have transformed care for people around the world by discovering, developing and delivering innovative medicines to address unmet medical needs in virology, oncology and other therapeutic areas.”

Annual report 2025A · The company itself

“As part of its science-based targets, Glaston intends to gradually phase out natural gas and other fossil energy sources in its own operations in the long term and further significantly increase the share of renewable energy.”

Annual report 2025A · The company itself

“The backlog contains several exciting new projects such as the Wacker Holla transformation project, and Equinor’s Empire Wind project outside New York.”

Annual report 2024A · The company itself

“Annual Report 2024 14 Goodtech sees especially strong potential to impact the following four SDGs through its deliveries: Affordable and Clean Energy: Goodtech’s solutions contribute to energy optimization, power access, and the transition from fossil fuels to water-based or other renewable energy sources. Examples include Goodtech’s offshore wind projects projects for for Equinor and Greenvolt.”

Annual report 2024A · The company itself

“In 2024, Goodtech has announced larger transformation projects with Wacker Chemicals (Holla facility), Equinor (Empire Wind windfarm off the New York coast) and Vesterålen Marine Olje’s second cod liver oil facility which dominates the order backlog.”

Annual report 2024A · The company itself

“Kasvua tukevat erityisesti panostukset uusiutuvaan energiaan, vihreän vedyn tuotantoon sekä liikenneinfrastruktuurin kehittämiseen.”

Annual report 2025A · The company itself

“Tilikauden aikana GRK on esimerkiksi toteuttanut merkittävää vihreän siirtymän teollisuushanketta Ruotsissa Stegralle ja yhtiö on toteuttanut muitakin vihreän siirtymän hankkeita.”

Annual report 2025A · The company itself

“Andra viktiga prioriteringar är att bygga långsiktiga partnerskap inriktade på cirkularitet med leverantö - rer och kunder för att höja återvinningsgraden samt att köpa in grön energi och gröna metaller.”

Annual report 2024A · The company itself

“Kontraktstillverkare som kan erbjuda en övergång till förnybara energislag, energieffektiviseringar, minimerade transporter samt förmåga att ta steg mot klimatneutral verksamhet kommer att gynnas.”

Annual report 2024A · The company itself

“This addresses supply chain disruption risks and fosters a climate-resilient supply chain. - Energy and emissions: Prioritizing emission-free and renewable energy sources, reducing energy consumption in production facilities, optimizing transportation, and promoting cleaner combustion.”

Annual report 2025A · The company itself

“Den tekniska utvecklingen inom vindkraft har varit stor under de senaste åren. Högre torn med längre rotorblad och större generatorer har resulterat i en väsentlig minskning av vindkraftens kostnader per producerad kilowattimme och landbaserad vindkraft är idag det billigaste sättet att producera mer förnybar el i Sverige.”

Annual report 2024A · The company itself

“Energiaffären ska växa genom uppförande av vindkraft på egen mark. vi ska skapa värden som består över tid och samtidigt bidra till ett bättre klimat Skörd, 1 000 m fub/år Industrins avkastning på sysselsatt kapital, %* Leveranser av vatten- och vindkraft, GWh Skörd Gallring Storm & övriga händelser *Prognos *Exkl. jämförelsestörande poster Vattenkraft Vindkraft 24232221201918171615 Skog Skogen brukas hållbart för att ge god årlig avkastning och stabil värde tillväxt.”

Annual report 2024A · The company itself

“Leveranserna av förnybar energi ska öka genom att komplettera befintlig vattenkraft med vindkraft på egen mark.”

Annual report 2024A · The company itself

“Som betydande markägare har Holmen också stora möjligheter att tillföra mer förnybar el genom att uppföra vindkraft till konkurrenskraftiga kostnader. Hela Holmens markinnehav om totalt 1,3 miljoner hektar har analyserats och 260 områden anses ha potential för vindkraft.”

Annual report 2024A · The company itself

“Dessutom använder vi vattnet som rusar i älvarna och vinden som blåser över träd topparna till att producera förnybar energi.”

Annual report 2024A · The company itself

“Holmen har idag två helägda vindkraftsparker som 2024 producerade 510 GWh och ytterligare en vindkraftspark är under uppförande med planerad driftsättning 2026.”

Annual report 2024A · The company itself

“Holmen producerar förnybar energi från vatten och vind. Vattenkraft är en viktig energikälla för samhället, inte minst då den kan regleras för att möta variationer i marknadsbalansen. Som komplement till befintlig reglerbar vattenkraft är vår strategi att öka energiproduktionen genom att uppföra vindkraft på egen mark.”

Annual report 2024A · The company itself

“Leveranserna uppgick 2024 till 1,7 TWh förnybar vatten- och vindkraftsel och inkluderar inköpt vindkraftsel från vindkraftspark uppförd på Holmens mark.”

Annual report 2024A · The company itself

“In addition to highly engineered aerospace fasteners with a broad range of fastening systems, the segment also supplies the commercial transportation, renewable, and material handling industries.”

Annual report 2025A · The company itself

“The increase in organic net sales was driven by a low single digit percentage increase in unit volumes and a low single digit percentage increase in price realization. Volume growth was driven primarily by strength in renewables markets and datacenter balance-of-system products, while industrial markets were solid and non residential markets were soft.”

Annual report 2025A · The company itself

“Renewable electricity and energy efficiency continue to be key actions in operationalizing Huhtamaki’s sustainability targets.”

Annual report 2025A · The company itself

“A final transition risk that has become of higher relevance lately is the risk of reduced development of renewable energy due to environmental considerations  could result in less hydropower to preserve rivers or fewer wind farms to preserve land and biodiversity. Social considerations can also play an important role, as seen in cases where renewable energy infrastructure has been constructed in areas belonging to indigenous communities, threatening in that way their right to practice their culture.”

Annual report 2024A · The company itself

“Designed for scalability with renewable energy inputs, our electrolyzers provide cost-effective solutions crucial for enhancing sectors like wind, solar, and other renewables in the energy transition.”

Annual report 2024A · The company itself

“Förnybar energi och energieffektivitet Andelen energi från förnybara källor som nyttjas i verksamheten ökade till 36 (35) procent. Målet är 50 procent till 2025.”

Annual report 2024A · The company itself

“Mål och verktyg ► Nyproduceradebyggnaderskacertifierasenligtnågotav gällandemiljöcertifieringssystem. ► Energianvändningen ska minska med minst 40 procent eller understiga 118 kWh/kvm från år 2019 fram till år 2030 (kWh/kvm fastighetsel). ► Samtliga obligationer ska vara gröna. ► 100 procent självförsörjning av förnybar och hållbart producerad el (produktion av förnybar el minst lika stor som den el som koncernen förbrukar). ► 100 procent av byggnaderna inventerade och anpassade för väder- och klimatrisker år 2030.”

Annual report 2024A · The company itself

“► 100 procent förnybar el. ► 100 procent självförsörjning av förnybar och hållbart producerad el (produktion av förnybar el minst lika stor som den el som koncernen förbrukar).”

Annual report 2024A · The company itself

“Styrning och regelverk Intea Kraft BOLAGSSTYRNING FINANSIELLA RAPPORTER Lund, Landsdomaren 6, Vuxenpsykiatri 51 INTEA ÅRSREDOVISNING 2024 Intea Kraft Intea förvärvade under åren 2022 och 2023 tolv vattenkraftverk med målsättningen att kunna producera minst lika mycket el som koncernen förbrukar. Under året har ett mindre kraftverk i Trälshult, Laholm avyttrats och idag äger Intea elva vattenkraftverkt inom elområde 3 (SE 3).”

Annual report 2024A · The company itself

“Inom ITAB-koncernen finns planer för energiförbrukningen som innebär att 100 procent av elen ska genereras från förnybara källor. Koncernen har förbundit sig till en minskning om 50 procent av koldioxidekvivalenter (CO2e) för Scope 1- och 2-utsläpp till 2030.”

Annual report 2024A · The company itself

“We have entered into a long-term agreement on wind energy to ensure that all of our electricity consumption is covered by renew - able sources”

Annual report 2025A · The company itself

“We have entered into a long-term agreement on wind energy to ensure that all of our electricity consumption is covered by renew - able sources.”

Annual report 2025A · The company itself

“Moreover, the increased competitiveness of alternative energy sources could reduce demand for hydrocarbons and for Boardwalk Pipelines’ services.”

Annual report 2025A · The company itself

“Magnora is well positioned in this market for the long term. Our service is fundamental: We provide a landbank, grid applications and the management of environmental studies and government approvals in order for our customers to get a head start.”

Annual report 2024A · The company itself

“Magnora is pragmatic regarding technology in its projects. Magnora has chosen to specialise in the development phase, which is competence intensive and where the right teams make a difference and a decent profit if industrial size and diversified portfolio.”

Annual report 2024A · The company itself

“New markets and investments are evaluated continuously.”

Annual report 2024A · The company itself

“New markets, technologies and opportunities are regularly being evaluated.”

Annual report 2024A · The company itself

“The strategy of building a robust portfolio across several segments and geographical areas has proven effective.”

Annual report 2024A · The company itself

“Magnora started building its portfolio of renewable companies and projects in 2020 with (a) Kustvind, a shallow water offshore wind project company, and (b) Evolar AB, a solar-power technology company. In 2021 Magnora (a) established Magnora Offshore Wind, together with TechnipFMC, and was awarded a licence in ScotWind following a licence application tender process, (b) acquired a stake in the solar-energy developer Helios Nordic Energy, (c) entered the South African market through acquiring a South African developer within wind and solar project portfolio, and (d) increased its ownership in Evolar to 50 percent.”

Annual report 2024A · The company itself

“Magnora sells before the physical construction of powerproducing assets, which are capital intensive and with often lower return on capital than in the development space.”

Annual report 2024A · The company itself

“Contents This is Magnora 3 The portfolio 12 Strategy 17 Corporate governance 19 Senior management and Board of Directors 25 The Board of Directors’ report 27 Sustainability 35 Alternative performance measures 41 Financials - consolidated 43 Financials - parent company 78 Remuneration report 99 Responsibility statement Purpose Magnora accelerates the shift to greener and more available energy through developing highquality, profitable projects within wind, solar and battery energy storage.”

Annual report 2024A · The company itself

“Magnora focuses on medium and large solar, battery and wind projects.”

Annual report 2024A · The company itself

“Solar PV Storage hafslundmagnorasol.no The portfolio The portfolio Scotland: Offshore wind Offshore wind development in collaboration with TechnipFMC • Developing 495 MW floating offshore wind capacity in Scotland, project Talisk (ScotWind, N3 area) • Project Talisk is one of the earlier ScotWind projects to connect to grid (in 2030) • 80 percent ownership England: Battery energy storage and solar Storage and solar PV development in the UK Partnership for development of solar PV and battery storage projects with a local developer in the UK, Active portfolio of 545 MW at different stages of development 50 percent ownership Offshore Floating Wind Solar PV Storage magnoraoffshorewind.com Magnora established Magnora Offshore Wind AS (“MOW”) in partnership with TechnipFMC (which owns 20 percent), and the company submitted its application for license to develop a floating offshore wind farm in the ScotWind leasing round, in 2021.”

Annual report 2024A · The company itself

“In April 2022, MOW signed an Option Lease Agreement with the Crown Estate Scotland for area N3. The planned development will have a total capacity of 495 MW which is estimated to produce 2.4 TWh per year. The Project is named Talisk, and the project team is decentralised with part of the team in Oslo, Norway, and part of the team at various locations in Scotland and the UK.”

Annual report 2024A · The company itself

“In addition, alternative energy sources and other emerging solutions may not be available in sufficient quantities, may not timely scale to meet our requirements, or may be available only at higher costs. If we are unable to secure adequate power resources on commercially reasonable terms, our ability to support customer demand and execute our growth strategy could be adversely affected.”

Annual report 2026A · The company itself

“En åtgärd som vidtagits för att minska vårt energiavtryck är att endast använda 100 % förnybar el i verksamheterna, något som redan är genomfört i divisionerna Nordics och North Europe.”

Annual report 2024A · The company itself

“Our role in energy transmission infrastructure is vital for industrial development, and we have reinforced our position as a leader in the energy transition through numerous projects. This includes upgrading Norway's transmission grid and projects regarding renewable energy initiatives.”

Annual report 2024A · The company itself

“Ett av de mest effektiva sätten att minska klimatpåverkan från våra fabriker är att successivt övergå till att använda energi från förnybara källor. På lång sikt strävar vi efter att 100% av vår elektricitet ska komma från förnybara källor, med ett delmål att uppnå minst 80% till 2026 i våra produktionsanläggningar.”

Annual report 2024A · The company itself

“Vindkraft Vindkraft som energikälla växer snabbt och tillverkningen av vindkraftverk kräver hög precision och renhet. Processer som slipning av kompositmaterial, svetsning och metallbearbetning ställer stora krav på ren luft i produktionsmiljön. Våra lösningar säkrar en kontrollerad arbetsmiljö och skyddar personal och produktion.”

Annual report 2024A · The company itself

“Under de senaste åren har vi framgångsrikt vuxit organiskt inom marknadssegment som batteritillverkning, försvarsindustrin, avfallshantering och förnybar energiproduktion.”

Annual report 2024A · The company itself

“Divisionen växte stadigt inom strukturellt starka segment som grön energi, transport och elektrifiering i alla regioner.”

Annual report 2024A · The company itself

“Introduktionen av fler förnyelsebara energikällor som till exempel solpaneler kräver också investeringar i kraftnäten.”

Annual report 2024A · The company itself

“Such transitions are likely to require capital expenditures and may result in additional costs.”

Annual report 2025A · The company itself

“Utvecklingen för vindkraftsindustrin har av politiska skäl drabbats av bakslag kopplade till tillståndsgivningen av nya anläggningar. Affärsområdethardockfortsattattframgångsriktutvecklakomponenterochsystem försjälvavindkraftverkenoch räknarmedattdennautvecklingkommeratt fortsätta.   41% 31% 15% 13% Norden Europa (exkl Norden) Nordamerika 41% 31% 15% 13% Norden Europa (exkl Norden) Nordamerika > NIBE ELEMENT > ÅRSREDOVISNING 2024 NIBE INDUSTRIER AB · 45 · 2024 2023 2022 20212020 629* *Exkl Jämförelsestörande poster 20242023202220212020 L Nettoomsättningenminskademed6,8%jämförtmed2023. Nibe StovesNibe Energy SystemsNibe Element Nettoomsättning Nettoomsättning Nettoomsättning Andelavkoncernen Rörelseresultat Andelavkoncernen ” CHRISTER FREDRIKSSON Affärsområdeschef Utvecklingsprojekt och investeringar i elektrieringen av infrastruktur i samhället, såväl som satsningar inom tillverkning av halvledare, har haft en positiv utveckling.”

Annual report 2024A · The company itself

“NIBEClimateSolutionsharunder2024,trotsdenkraftigainbromsningen i värmepumpsmarknaden i Europa och parallellt med genomförandet av åtgärdsprogrammet, planenligt och på ett imponerande sätt genomfört planerade produktlanseringar och investeringariutvecklingochproduktion. Inom värmepumpssegmentet har flera nya modeller med det naturligaköldmedietR290(propan)introduceratsliksomnyastyrfunktionervilkadrarnyttaavArtificiellIntelligens,AI.Påmarknaden förkommersiellafastigheterharbland annatettheltnyttventilationssortimentundervarumärketNIBE Flowintroducerats.”

Annual report 2024A · The company itself

“För vissa specialsegment som industri, vindkraft och transport har vi globalt marknadsansvarigapersonersamtgemensammaförsäljningsplattformarochmarknadssatsningarförgrupperavdotterbolag. · 44 · ÅRSREDOVISNING 2024 NIBE INDUSTRIER AB > NIBE ELEMENT 2024 2023202220212020 -7 Måluppfyllelse 2024202320222021 2020 10,3 9,1 10,4 7,9 Måluppfyllelse 5,7* *Exkl Jämförelsestörande poster AFFÄRSINRIKTNING Viförsermarknadenmedhållbara energilösningarivärldsklass genomattförsebådeproducenter ochanvändaremedkomponenter och lösningar för intelligent uppvärmningochstyrning.”

Annual report 2024A · The company itself

“Energy Transition: We continue to advance our energy transition strategy, primarily through the continuation and enhancement of existing programs, such as implementing our plan to retire and replace remaining coal-fired electric generation by 2028 with a balanced mix of low- or zero-emission electric generation, ongoing pipe replacement and modernization programs, and deployment of advanced leak detection and repair.”

Annual report 2025A · The company itself

“Schahfer Wheatfield, IN Natural Gas 155 Oakdale Carroll County, IN Hydro 9 Norway White County, IN Hydro 7 Rosewater(2) White County, IN Wind 102 Indiana Crossroads Wind(2) White County, IN Wind 302 Dunns Bridge I(2) Jasper County, IN Solar 265 Indiana Crossroads Solar(2) White County, IN Solar 200 Cavalry Solar and Storage(3) White County, IN Solar and Storage 200 Dunns Bridge II(3) Jasper County, IN Solar and Storage 435 Fairbanks Solar Sullivan County, IN Solar 250 Gibson Solar Gibson County, IN Solar 200 Total MW Capacity 3,967 (1)Represents current net generating capability of each fossil fuel and hydro generating facility.”

Annual report 2025A · The company itself

“As of December 31, 2025, we also have multiple PPAs that provide approximately 1,200 MW of capacity, with contracts expiring between 2038 and 2045.”

Annual report 2025A · The company itself

“We expect renewable generation, battery energy storage and natural gas generation to be the primary ways in which we will meet our electric generation capacity and reliability obligations to the MISO market and reliably serve our customers when we retire our coal generation capacity.”

Annual report 2025A · The company itself

“As of December 31, 2025, we have placed in service owned renewable and storage projects with combined nameplate capacities of 1,950 MW and 101 MW respectively. Renewable PPA projects with a combined nameplate capacity of 1,200 MW have also been placed in service.”

Annual report 2025A · The company itself

“NIPSCO has executed several PPAs to purchase 100% of the output from renewable generation facilities at a fixed price per MWh.”

Annual report 2025A · The company itself

“Nolato strävar efter att öka andelen förnybar energi i den egna energimixen i syfte att reducera koncernens växthusgasutsläpp. Förnybar elektricitet införskaffades vid fyra ytterligare fabriker under året genom kontrakt med elleverantörer.”

Annual report 2024A · The company itself

“Oceans continues to expand its addressable market for ocean exploration and security applications through new product developments. Growth in the blue economy, regional shifts towards renewable energy, alongside geopolitical unrest, drive increased demand for NORBIT’s advanced seabed exploration, inspection, and security surveillance solutions.”

Annual report 2024A · The company itself

“The technology company Saildrone has developed an uncrewed surface vehicles (USV) solution for ocean exploration. Saildrone’s USVs are powered by renewable wind and solar energy with low operational carbon footprint, continuously feeding data in near real time to drive more informed decision-making. Saildrone provides data as a fully managed service, and the data is used in a wide range of critical maritime applications, such as safety of navigation, coastal surveys, offshore wind development, marine research and environmental monitoring.”

Annual report 2024A · The company itself

“This broad product portfolio is supported by differentiated software and data capabilities. •Product Assembly – Dispensing, coating and laminating systems for the assembly of plastic, metal and wood products, for paper and paperboard converting applications and for the manufacturing of continuous roll goods. Key strategic markets include appliances, automotive components, building and construction materials, electronics, furniture, solar energy, and the manufacturing of bags, sacks, books, envelopes, and folding cartons.”

Annual report 2025A · The company itself

“Vår strategi Banebrytende overgang til grønn aluminium, drevet av fornybar energi.”

Annual report 2024A · The company itself

“Hydro er på god vei til å gjennomføre vår ambisjon for 2030 om å være en pionér i det grønne skiftet for aluminium, drevet av fornybar energi.”

Annual report 2024A · The company itself

“Det ene er Illvatn pumpekraftverk i Sogn og vårt prosjekt sammen med Lyse der vi har søkt konsesjon for å oppgradere og utvide vannkraftver kene i Røldal-Suldal. Sammen med partnere utvikler vi vindprosjekter nærme våre norske verk.”

Annual report 2024A · The company itself

“Flere av Hydro Extrusions' anlegg har installert eller vurderer å installere fornybar kraftproduksjon på stedet, mens andre har inngått kraftkjøpsavtaler med fornybare kraftprodusenter. I 2024 startet Hydro Extrusions lokal produksjon av fornybar energi med batterilagring i Sverige og Tyskland, støttet av Hydro Rein.”

Annual report 2024A · The company itself

“In terms of transition risk related to pricing of and access to energy, the results of the resilience analysis reflect that the resilience of Norske Skog’s business model is strengthened based on recent capital investment in low emission energy generation at Norske Skog Bruck and Norske Skog Golbey, These investments has contributed to important risk mitigation related to the dependency on fossil sources while improving the share of renewable sources in the energy mix and avoiding long term energy pricing risk.”

Annual report 2024A · The company itself

“Investment in Wind Catching Systems AS Wind Catching Systems AS (“Wind Catching Systems”) is a developer of floating offshore wind technology and intends to enable offshore wind operators and developers to produce electricity at a cost that competes with other energy sources, without subsidies. The company is currently developing floating multi-turbine technology (“WCS concept”) that is expected to cut acreage use by more than 80% and increase efficiency significantly in comparison to conventional floating offshore wind farms.”

Annual report 2024A · The company itself

“Lower Carbon Infrastructure Development — Policy mechanisms at the state and federal level, including production and investment tax credits, cash grants, loan guarantees, accelerated depreciation tax benefits, RPS, and carbon trading plans, have supported and continue to support the development of renewable generation, demand-side and smart grid, and other lower carbon infrastructure technologies.”

Annual report 2025A · The company itself

“Currently, we are a party to two Power Purchase Agreements (“PPAs”). Under these PPAs, we have agreed to purchase for a fixed price output from one solar and one wind project in the United States.”

Annual report 2025A · The company itself

“General Development of Our Business in Recent Years Consistent with our strategy to Grow the Core, Expand Beyond and Live our Culture, Nucor has invested significant capital in recent years to expand our product portfolio to include more value-added steel mill products and capabilities, improve our cost structure, enhance our operational flexibility and increase our exposure to markets with attractive growth prospects, such as data centers and renewable energy.”

Annual report 2025A · The company itself

“Structural steel products come in standard sizes and grades, which allows us to maintain inventory levels of these products to meet our customers’ expected orders. • Plate mills - Nucor operates three plate mills that produce plate for manufacturers of barges, bridges, heavy equipment, rail cars, refinery tanks, ships, wind towers and other items. Our products are further used in the pipe and tube, pressure vessel, transportation and construction industries. Considering Nucor’s production capabilities and the mix of plate products generally produced and marketed, the capacity of the plate mills is estimated at approximately 3,600,000 tons per year.”

Annual report 2025A · The company itself

“These are the two largest end-use markets for steel in the United States. • Our ELCYON® line of sustainable heavy gauge steel plate product will be made specifically for wind energy producers. We launched the ELYCON® brand in January 2023 and plan to manufacture this product at our new plate mill in Brandenburg, Kentucky.”

Annual report 2025A · The company itself

“However, there is an increased appetite for field development and production spending across the segments, as we bridge the gap while moving to renewables.”

Annual report 2024A · The company itself

“The Group’s vision is to use its heritage and expertise to support the energy transition. This involves developing services and operations in the renewables sector while continuing to support the Group's traditional vital oil and gas market, and grow service offerings such as jack-up management.”

Annual report 2024A · The company itself

“It also includes our investment in Odfjell Oceanwind, which is developing floating offshore wind solutions.”

Annual report 2024A · The company itself

“Vindkraft, solenergi och batterilagring är fortsatt de mest kostnadseffektiva energikällorna, med det lägsta break-even priset jämfört med andra energislag.”

Annual report 2024A · The company itself

“De egenutvecklade projekten befinner sig i ett tidigt stadium och bolaget har som målsättning att nå byggfasen för det första vindkraftsprojektet under 2027.”

Annual report 2024A · The company itself

“Transaktionerna genomfördes på attraktiva villkor till ett pris understigande 0,5 MEUR per MW installerad kapacitet.”

Annual report 2024A · The company itself

“Detta förvärv ökar bolagets årliga långsiktiga proportionella elproduktion med cirka 6 GWh.”

Annual report 2024A · The company itself

“Hälften av den sålda produktionen har ersatts genom förvärv till en lägre kostnad per MW, vilket visar på en högst värdeskapande kapitalanvändning. • Elproduktionen uppgick till 907 GWh för 2024, vilket motsvarar en ökning om 19 procent jämfört med 2023.”

Annual report 2024A · The company itself

“Sverige Bolaget har en diversifierad tillgångsportfölj bestående av innehav i cirka 200 producerande vindturbiner på mer än 50 platser i Sverige, med en uppskattad långsiktig proportionell årlig elproduktion om cirka 800 GWh och en total installerad nettokapacitet om cirka 300 MW.”

Annual report 2024A · The company itself

“Den största producerande tillgången i den svenska portföljen är vindkraftsparken Karskruv som togs i kommersiell drift i slutet av 2023. Karskruv har en uppskattad långsiktig proportionell årlig elproduktion om 290 GWh i elprisområde SE4, som genereras av 20 Vestasturbiner med en total installerad nettokapacitet om 86 MW.”

Annual report 2024A · The company itself

“Finland I Finland äger bolaget en 50-procentig andel i vindkraftsparken MLK och 100 procent av en 9 GWh vindkraftspark i Hangö. MLK har en uppskattad långsiktig proportionell produktion om cirka 400 GWh per år, vilken genereras från 24 GE-turbiner med en total installerad kapacitet om 132 MW.”

Annual report 2024A · The company itself

“Egenutvecklade projekt Bolaget vidareutvecklar en portfölj om 40 GW av egenutvecklade projekt i tidigt stadie inom landbaserad vindkraft, solenergi och batterilagring i Norden, Storbritannien, Tyskland och Frankrike.”

Annual report 2024A · The company itself

“Under 2024 tillförde bolaget 50 GWh till sin långsiktiga årliga proportionella elproduktion genom förvärv och ökat ägande i vindkraftsparker belägna i prisområdena SE3 och SE4. Detta motsvarar en ökning om fem procent av bolagets årliga långsiktiga proportionella elproduktion.”

Annual report 2024A · The company itself

“(E1-2-25-(c)) Renewable energy deployment As part of its Sustainability Policy, Outokumpu minimizes the negative impacts of its operation on the environment by increasing the share of low-carbon electricity, which is one of the key elements in Outokumpu’s transition plan. The low carbon electricity includes both renewable and nuclear energy.”

Annual report 2025A · The company itself

“To address this, renewable energy sourcing and sustainable waste management are integral to our hatchery designs and investment plans. At our Applecross hatchery in Scotland, all energy will be sourced from renewable sources, including solar panels and a direct private power line to a nearby hydropower plant.”

Annual report 2024A · The company itself

“Det kan handla om att utforma flexibla fastigheter, bygga solenergianläggningar, vindkraftverk och järnvägar, eller att bygga så att vi underlättar för människor att leva mer klimatanpassat.”

Annual report 2024A · The company itself

“Det kan handla om att till exempel utveckla hamnar, förbereda markområden och bygga fabrikslokaler för att möjliggöra den gröna omställningen eller att möjliggöra för vind- och solkraftsproduktion och att dimensionera vatten- och avloppsnät till ökade regnmängder.”

Annual report 2024A · The company itself

“Deployment of renewable energy technologies is expected to continue across the western states and result in a larger portion of the overall energy production coming from these sources. These trends, which have benefited from historical and continuing government support for certain technologies, have the potential to put downward pressure on wholesale power prices throughout the western states which could make APS’s existing generating facilities less economical and impact their operational patterns and long-term viability.”

Annual report 2025A · The company itself

“Current laws and regulations as well as changes to those laws and regulations, including via judicial decisions and executive orders, create strategic challenges in acquiring an appropriate generation portfolio and fuel diversification mix. APS is required by the ACC to meet certain energy resource portfolio requirements, including those related to renewables development and energy efficiency measures, in addition to specific competitive resource procurement requirements.”

Annual report 2025A · The company itself

“Agreements for the development and completion of future resources are subject to various conditions, including successful siting, permitting and interconnection of the projects to the electric grid.”

Annual report 2025A · The company itself

“Federal and state incentives for the development and operation of renewable sources of power have facilitated the penetration of competing technologies, such as wind, solar, and commercial-sized power storage.”

Annual report unknown yearA · The company itself

“Technological advancements, market developments and other factors may increase our costs or alter our customers’ existing operating models or the services they require, which could result in reduced demand for our services. For example, a transition to a decentralized electric power grid, which relies on more dispersed and smaller-scale sources, could reduce the need for large infrastructure projects and significant maintenance and rehabilitation programs, thereby reducing demand for, or profitability of, our services.”

Annual report 2025A · The company itself

“With respect to certain services within our Electric segment, current and potential legislative or regulatory initiatives may not be implemented or extended or result in incremental increased demand for our services, including legislation or regulation 31 that mandates percentages of power to be generated from renewable sources, requires utilities to meet reliability standards, provides for existing or new production tax credits for renewable energy developers, or encourages installation of new electric power transmission and renewable energy generation facilities.”

Annual report 2025A · The company itself

“För Diab har efterfrågan inom vindsegmentet fortsatt att vara mycket svagt under året.”

Annual report 2024A · The company itself

“Kvartal 2 Aibel och Hitachi Energy ingår ramavtal med RWE Ramavtalet, som tecknas för att påskynda utvecklingen av havs baserad vindkraft, är en förlängning av kapacitetsreservationsavtalet (CRA) som tecknades i november 2023. Det reserverar ingenjörs- och tillverkningskapacitet för att utveckla tre stora HVDC-projekt. Projekten möjliggör överföring av el från vindkraftsparker till havs till anslutningspunkter på land.”

Annual report 2024A · The company itself

“Inom affärsområdet Industry bedriver Diab, Semcon och Oase viss taxonomirelaterad verksamhet. Diabs tillhandahållsande av kärnmaterial för vindkraftsblad är fortsatt en eligible aktivitet.”

Annual report 2024A · The company itself

“Bolagen i affärsområdet delas in i segmenten Product Solutions och Industrial Services, och är exponerade mot marknader med stark tillväxt – exempelvis förnybar energi, dagligvaruhandel, farmakologi och eftermarknadslösningar.”

Annual report 2024A · The company itself

“Vi skapar värde i hela energisystemet och bidrar till morgondagens hållbara samhälle genom att staka ut vägen för hur ren energi produceras, överförs och förbrukas. Omställningen från energisystem som bygger på fossila bränslen till energisystem som bygger på koldioxidsnåla och förnybara energikällor är avgörande för att begränsa klimatförändringarna.”

Annual report 2024A · The company itself

“Vi har kompetens inom alla delar av energiproduktionen, inklusive alternativa källor som vätgas, vind, sol och kärnkraft.”

Annual report 2024A · The company itself

“Med teknisk rådgivning hjälpte Rejlers under 2024 Rabbalshede Kraft, ett ledande företag inom förnybar energi, att expandera till Finland.”

Annual report 2024A · The company itself

“Rockfon Europe & Asia and Rockpanel performed well, while revenue in Grodan continued to decline compared to Q4 2024.”

Annual report 2025A · The company itself

“The demand for mooring solutions on a global scale looks promising within several segments – offshore wind, LNG’s, FPSO’s, FSRU’s and aquaculture.”

Annual report 2024A · The company itself

“Opportunity: By consuming renewable energy, Scanfil can replace fossil-based energy sources. Renewable energy already accounts for 60% of the energy used in Scanfil’s production (scope 1 and scope 2). • Working on adapting own facilities to climate change. • Adapting heating and cooling units in facilities. • Having adaptation strategies for extreme weather events. • Scanfil’s strategic target is to improve its energy efficiency and the transition to fossil-free fuels, as well as fossil-free purchased electricity and heat.”

Annual report 2025A · The company itself

“In support of global climate objectives, the Policy expresses Scanfil’s long-term ambition to mitigate climate change by transitioning toward renewable energy consumption. While the Policy does not prescribe detailed implementation measures, it defines clear priorities, including the procurement of renewable energy for production facilities and the development of in-house renewable energy generation capacity.”

Annual report 2025A · The company itself

“Scatec ASA (“the Company”) and its subsidiaries and investments in associated companies and joint ventures (“the Group” or “Scatec”) is a leading renewable energy solution provider, accelerating access to reliable and affordable clean energy in high growth markets.”

Annual report 2024A · The company itself

“Power Production The Power Production segment manages the Group’s power-producing assets and derives its revenue from the production and sale of solar, wind, and hydro generated electricity mainly based on long-term Power Purchase Agreements or feed-in-tariffs.”

Annual report 2024A · The company itself

“SDG&E supplies power from its own electric generation facilities and procures power on a long-term basis from other suppliers for resale through CPUC-approved PPAs or purchases on the spot market. SDG&E does not earn any return on commodity sales volumes. SDG&E’s electric resources at December 31, 2025 were as follows: ELECTRIC RESOURCES(1) Contract expiration date Net operating capacity (MW) % of total SDG&E: Owned generation facilities, natural gas(2) 1,217 26 % PPAs: Renewable energy: Wind 2026 to 2042 962 20 Solar 2030 to 2043 1,546 32 Other 2027 and thereafter 30 1 Tolling and other 2026 to 2042 1,023 21 Total 4,778 100 % (1) Excludes approximately 482 MW of energy storage owned and approximately 632 MW of energy storage contracted.”

Annual report 2025A · The company itself

“Infrastructure related services were supported by rail development, industrial investments, and security related public sector projects, though major energy sector decisions were postponed pending large electricity intensive investment approvals.”

Annual report 2025A · The company itself

“Growth was driven by rail projects won in 2024 and 2025 as well as projects related to green transition and industry.”

Annual report 2025A · The company itself

“Dessa innefattar områden som förnybar energi, transportinfrastruktur, renovering och energieffektivitet i byggnader samt smarta system för förvaltning av byggnader, mjukvara och digitala verktyg för byggverksamhet.”

Annual report 2024A · The company itself

“Vi ser affärsmöjligheter inom klimatrelaterade områden som ren energi och effektivitet, byggnation av infrastruktur till kollektivtrafik, renovering av och energieffektivitet i byggnader, material med lägre koldioxidutsläpp och resilienta lösningar.”

Annual report 2024A · The company itself

“Som första steg har vi under förra verksamhetsåret satt upp solcellspaneler på fyra fastigheter i Sälen. Vi har även fördjupat vårt samarbete med Jämtkraft och investerat i lokalproducerad vindkraft i Vemdalen.”

Annual report 2024A · The company itself

“We are committed to our climate change transition plan, working to reduce CO e emissions in our own operations and across our entire value chain. ● Our key actions include shifting to renewable electricity, replacing gas boilers with heat pumps, and transitioning to an EV fleet. ● We are moving from spend-based emission calculations to detailed product-level data, giving our customers greater transparency and control.”

Annual report 2025A · The company itself

“We maximise the growth potential in climate and energy solutions, such as heat pumps, solar panels, EV charging and ventilation.”

Annual report 2025A · The company itself

“Southern Power's electricity sales from solar and wind generating facilities are also primarily through long-term PPAs; however, these solar and wind PPAs do not have a capacity charge and customers either purchase the energy output of a dedicated renewable facility through an energy charge or provide Southern Power a certain fixed price for the electricity sold to the grid.”

Annual report 2025A · The company itself

“Banken hadde per 31.12.2024 240 millioner i utlån eksponert i vesentlige klimarelaterte investeringer, hvorav 231 millioner knyttet til produksjon av fornybar energi, mens 9 millioner er knyttet til fossil energi.”

Annual report 2024A · The company itself

“Vi tilbyr grønne bygge- og nedbetalingslån til virksomheter, prosjekter og tiltak som bidrar til det grønne skiftet i vår region. Aktiviteter som kan kvalifisere er nybygg, kjøp og oppgradering av næringsbygg, landbruk, skogbruk og fornybar energi.”

Annual report 2024A · The company itself

“De vesentlige positive funnene er: • Konsernet tilbyr grønne lån og investeringer som støtter bærekraftige prosjekter, som fornybar energi, energieffektive bygninger og grønn transport. I tillegg har banken også et grønt obligasjonsrammeverk som sikrer at konsernets innlån benyttes til finansiering av ovenfornevnte prosjekter. • Konsernet fremmer sirkulær økonomi ved å tilby rådgivning og støtte prosjekter som reduserer avfall, og oppfordrer til gjenbruk og resirkulering. • Konsernet er en bidragsyter til ideelle formål og samfunnsutvikling gjennom tildeling av samfunnsutbytte.”

Annual report 2024A · The company itself

“Fornybar energi 100 % av energi porteføljen skal være fornybar 100 % Alle bankens utlån til energi og kraftproduksjon er knyttet til fornybar energi, i hovedsak vannkraft og en mindre andel sol og vindenergi. ISS Second Party Opinon (SPO) på vårt grønne obligasjonsrammeverk bekrefter at bankens fornybarenergiportefølje er like som taksonomikriteriene.”

Annual report 2024A · The company itself

“Mål 2030: Porteføljen skal vokse med 80 prosent fra basisår 2022 til 2030. Kortsiktig mål: Mål for 2025 er at porteføljen skal vokse med 30 prosent fra basis år 2022.”

Annual report 2024A · The company itself

“Banken har en egen bransjegruppe for småkraft og en bransjeansvarlig for småkraft. For å klare vekstmålet for porteføljen mener banken at det er viktig å sikre lokal forankring gjennom bransjeteamet, som er geografisk spredt i bankens markedsområder. Bransjeteamet er også viktig for å bygge opp mer kompetanse på området.”

Annual report 2024A · The company itself

“Banken vil også bruke interne intensivmodeller for å oppnå vekstmålet. Rådgivernes bonusordninger knyttes opp mot bærekrafts-KPIer knyttet til salg av grønne- og bærekraftslinkede lån. Målet er satt på 30 prosent årlig.”

Annual report 2024A · The company itself

“Banken har også satt egne vekstmål knyttet til bransjer som er inspirert av Parismålene og forventer på mellomlang og lang sikt økte bidrag fra blant annet vannkraftporteføljen.”

Annual report 2024A · The company itself

“Sparebanken Vest skal finansiere fornybar energi. Banken startet satsingen på utlån til småkraftverk i 2002 og har i stor grad finansiert småkraftverk med lokale grunneiere. De siste årene har det vært konsolideringen i bransjen, med få og større aktører bak de fleste nye kraftverk som blir bygd. Bankens bransjemål for småkraft er relatert til vekst i porteføljen, da det grønne skiftet er avhengig av nok grønn energi.”

Annual report 2024A · The company itself

“SSAB Americas utökade samarbetet med GE Vernova Onshore Wind med leveranser av SSAB Zero stål för landbaserade vindkraftverk i Nordamerika. Genom att använda SSAB Zero kommer GE Vernova kunna tillverka vindkraftverk med det lägsta koldioxidavtrycket i industrin, samtidigt som man behåller den höga stålkvaliteten som krävs för att uppfylla alla krav.”

Annual report 2024A · The company itself

“Gitt en rask overgang til nullutslipp, kan fossile selskap være særlig utsatt for verdifall. Selskaper som tjener på overgangen, spesielt innen fornybar energi, kan øke i verdi. Dersom overgangen går langsomt vil risikobildet snu.”

Annual report 2024A · The company itself

“Livselskapenes investeringsstrategi og mål i overgangsplanen, bidrar til at Storebrand har en lavere eksponering enn det brede markedet til fossile selskaper og en høyere eksponering til klimarelaterte løsningsselskaper.”

Annual report 2024A · The company itself

“30) Fossile selskaper er som definert for PAI 1.4 i SFDR, klimarelaterte løsningsselskaper er investeringer innenfor fornybar energi.”

Annual report 2024A · The company itself

“Enabling the growth of renewables and emerging energy We deliver projects in offshore wind and CCS, and we integrate energy systems through electrification.”

Annual report 2024A · The company itself

“Subsea7 reports financial results for three business units: Subsea and Conventional – focused on lower-carbon oil and gas and CCS, operating under the Subsea7 brand Renewables – focused on fixed offshore wind and including our early stage strategy in floating wind.”

Annual report 2024A · The company itself

“Consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (MWh) 92,920 111,348 10.”

Annual report 2025A · The company itself

“Bakom de positiva resultaten står bland annat övergång till förnybar energi på fler anläggningar, effektivisering av våra transporter och optimering av produktionsprocesser.”

Annual report 2024A · The company itself

“Omställningen till fossilfria kontor följs upp årligen genom att främst bevaka energiförbrukning per årsanställd, energiförbrukning per kvadratmeter samt andel förnybar energi på kontoren.”

Annual report 2024A · The company itself

“Energy (17% of segment’s net sales)—Our products are used by electric power utilities, OEMs, and engineering procurement construction companies serving the electrical power grid and renewables industries. They include a wide range of insulation, protection, and connection solutions for electrical power generation, transmission, distribution, and industrial markets.”

Annual report unknown yearA · The company itself

“Implementering av förnybar energi vid användning av sålda produkter: I takt med att den globala tillväxten av förnybar energi fortsätter, förväntar sig Tele2 en 42% minskning av utsläppen från den el som kunder använder för att driva sina produkter. Genom att kommunicera med kunder om vikten av att använda förnybar el förväntas ytterligare 5% utsläppsminskning uppnås.”

Annual report 2024A · The company itself

“Företaget prioriterar resurseffektivitet och initiativ inom cirkulär ekonomi samt har etablerat avtal med leverantörer av förny - bar energi för att stödja sina mål för minskade koldioxidutsläpp.”

Annual report 2024A · The company itself

“Through a combination of organic and inorganic growth, our NES business segment has been established as a provider of market intelligence, data acquisition and integrated solutions, to energy transition related markets, such as offshore wind, solar and carbon storage. Through the acquisition of 4C Offshore Ltd. in 2021, we established TGS as a leading provider of market intelligence data for the offshore wind industry, in addition to providing cable consultancy and bespoke report services.”

Annual report 2024A · The company itself

“Our extensive data library includes seismic data, magnetic and gravity data, multi-beam and coring, digital well logs and Ratio is measured on produced accounting principles (segment information) production data, wind energy data, data to identify carbon storage opportunities and other data related to the renewables sector. This rapid access to high quality seismic data enables oil companies to assess subsurface risks before applying for licenses over open acreage, support drilling decisions or guide nearfield exploration efforts in more mature areas.”

Annual report 2024A · The company itself

“For offshore wind projects we provide crucial wind and metocean data, using both the multi-client and proprietary business models. Both the imaging solutions using our multi-client data, and the wind and metocean offering, allow our clients to significantly reduce invest decision risks early in the project life cycle.”

Annual report 2024A · The company itself

“We provide valuable market intelligence, data acquisition and integrated solutions for our clients in the CCUS, offshore wind and solar markets.”

Annual report 2024A · The company itself

“In addition to seismic data, TGS’ multi-client library includes several other types of geoscience data, such as gravity, magnetics, seep, geothermal, electromagnetic, multibeam and well data. • New Energy Solutions (NES): Provides market intelligence, data acquisition and integrated solutions, for TGS’ clients in the CCUS, offshore wind and solar markets.”

Annual report 2024A · The company itself

“The development of the NES business segment has extended our exposure beyond oil and gas, to include renewable energy and CCUS.”

Annual report 2024A · The company itself

“New Energy Solutions activities New Energy Solutions (NES) provides data and data-driven solutions to companies active within renewable energy and CCUS. The majority of the revenues are generated through service contracts, while there is a certain amount of subscription revenues and licensing of data owned by TGS that is recorded as multi-client sales.”

Annual report 2024A · The company itself

“Additionally, the New Energy Solutions business provides valuable exposure to fast-growing sectors, including solar energy, offshore wind energy, and CCUS.”

Annual report 2024A · The company itself

“Vår största positiva påverkan Begränsa klimatförändringarna tack vare användning av förnybar energi i våra produktionsanläggningar, optimering av transporter samt minskning av klimatavtryck vid produktutveckling av alla produktkategorier.”

Annual report 2023A · The company itself

“Andelen förnybar energi som används vid våra anläggningar (scope 2) ska genom aktiva inköp motsvara 100 procent fram till år 2030.”

Annual report 2023A · The company itself

“United Bankers tukee ilmastokestävää kasvua ja tarjoaa asiakkailleen myös mahdollisuuksia sijoittaa vihreään siirtymään tuotevalikoimansa kautta.”

Annual report 2025A · The company itself

“Yhtiö pyrkii sijoitustuotteillaan ja palveluillaan lisäämään mahdollisuuksia sijoittaa ilmastonmuutoksen torjuntaan sekä vihreän siirtymän edistämiseen esimerkiksi uusiutuvan energian- ja metsärahastojen kautta.”

Annual report 2025A · The company itself

“Yhteiskunnan sähköistymistä ja ilmastonmuutoksen torjunnan megatrendejä hyödyntävän UB Uusiutuva Energia -rahaston salkunhoidossa jatkettiin määrätietoista työtä hajautetun uusiutuvan energian salkun rakentamiseksi. Vihreä siirtymä, energiaomavaraisuuden vahvistaminen sekä datakeskushankkeet ja kaukolämmöntuotannon sähköistyminen lisäävät rakenteellisesti uusiutuvan energian kysyntää.”

Annual report 2025A · The company itself

“Näihin kuuluvat esimerkiksi tuuli- ja aurinkovoimaloista saatavat maanvuokratuotot.”

Annual report 2025A · The company itself

“Ringfeder Power Transmission medverkar till ett hållbarare samhälle, inte minst genom sina lösningar för jordbävningsskydd samt produkter för att generera hydrooch solenergi.”

Annual report 2024A · The company itself

“Offshore remained a strategic priority throughout 2025, as we overcame challenges ramping up our manufacturing capacity”

Annual report 2025A · The company itself

“we offer customers wind power solutions, and we take care of everything from siting”

Annual report 2025A · The company itself

“Vestas is the global market leader in Service within wind power”

Annual report 2025A · The company itself

“Development helps our customers grow their business, which in turn generates order intake for Vestas”

Annual report 2025A · The company itself

“We continue to enhance the competitiveness of our EnVentus platform through targeted cost-out initiatives and performance improvements, leveraging all available commercial and technical levers to select and secure deals that create value for our customers and for Vestas.”

Annual report 2025A · The company itself

“The continued expansion and scalability of our Service business is paramount to realising our full potential in this area. Our Service business growth also remains closely linked to annual capacity additions, as well as the higher value of offshore service solutions.”

Annual report 2025A · The company itself

“We operate globally with a track record of 201 GW capacity installed in 88 countries. Our main customers are utility companies, developers, infrastructure funds, and independent power producers that develop and operate wind farms to integrate renewable energy into their portfolios.”

Annual report 2025A · The company itself

“Vestas is the global market leader in Service within wind power with around 16,000 employees across 65 countries. Our people service 161 GW for our customers on long-term subscriptionbased contracts, making their assets operate more effectively.”

Annual report 2025A · The company itself

“Onshore order intake of 13.7 GW In 2025, we maintained our market leadership with an Onshore order intake of 13.7 GW.”

Annual report 2025A · The company itself

“In 2025, our Service segment generated revenue of EUR 3,770m (2024: EUR 3,697m), which corresponds to a 2.0 percent increase compared to 2024.”

Annual report 2025A · The company itself

“As at 31 December 2025, Vestas had service contracts in the order backlog with expected contractual future revenue of EUR 38.7bn, an increase of EUR 1.9bn compared to previous year (31 December 2024: EUR 36.8bn).”

Annual report 2025A · The company itself

“Through the Onshore and Offshore business areas, we accelerate the energy transition by designing and manufacturing a full suite of onshore and offshore turbine models, tailored to various wind conditions and geographic needs.”

Annual report 2025A · The company itself

“Through our Service business, we then offer long-term after-sales services, including operations and maintenance, performance optimisation and reporting to ensure the longevity and efficiency of wind installations.”

Annual report 2025A · The company itself

“We also develop new wind power projects, expanding market opportunities and supporting the growth of our global partners.”

Annual report 2025A · The company itself

“Science-based decarbonisation of our operations and supply chain by 2030 Every day, Vestas wind turbines harness wind energy to generate renewable electricity, providing an alternative to fossil fuels and serving as a key driver in the decarbonisation of global energy systems.”

Annual report 2025A · The company itself

“The value chain that supports our business model Components and assembly External developer Project development Manufacturing of wind turbines Operations & maintenance Decommissioning Waste and end of life Recycling of components TransportRaw materials Refiners and smelters Construction Customers/Asset managers At the core of our business model are Onshore, Offshore, Development, and Service.”

Annual report 2025A · The company itself

“Vistin Pharma’s customers are to a growing extent also requesting and expecting their suppliers to support the shift towards a sustainable future, and Vistin is strategically well positioned to fulfill these needs being situated in Norway with renewable hydropower and stable environmental focus.”

Annual report 2024A · The company itself

“Our wholesale commodity risk management group also procures renewable energy credits from renewable generation in ERCOT and PJM to support our electricity sales to wholesale and retail customers to satisfy the increasing demand for renewable resources from such customers. As of December 31, 2025, Vistra had long-term agreements to procure renewable energy credits from approximately 950 MW of renewable generation.”

Annual report 2025A · The company itself

“In addition, we have made significant investments in our Recycling Processing and Sales and Renewable Energy segments. Timing and achievement of the results and benefits anticipated from these investments may be impacted by the numerous risks and uncertainties including financial and operating performance; availability of technology and financing; compliance with regulations; inability to develop, obtain or scale necessary equipment; technology and innovations; challenges arising from the availability or cost of materials and infrastructure; difficulty obtaining regulatory approvals or permits; commodity price fluctuation and general economic conditions.”

Annual report 2025A · The company itself

“WE and WPS are subject to Act 141 in Wisconsin, and UMERC is subject to Public Acts 295 and 342 in Michigan, which contain certain minimum requirements for renewable energy generation.”

Annual report 2025A · The company itself

“Efforts to pause approvals related to wind development could threaten our ability to execute our capital plan.”

Annual report 2025A · The company itself

“The production of energy from wind and solar sites depends heavily on suitable weather conditions, which are variable. Wind conditions or solar irradiance that is unfavorable or below our estimates can cause electricity production, and therefore revenues and PTCs earned from non-utility renewable energy facilities, to be substantially below our expectations.”

Annual report 2025A · The company itself

“Although initial agreements are often ten years or more, in the future we may not be able to replace expiring PPAs related to our non-utility renewable energy facilities with contracts on acceptable terms, including at prices that support profitable operation of the facility. Decreases in the retail prices of electricity supplied by traditional utilities or the pricing of other clean energy sources in the regions where our non-utility renewable energy facilities are located could harm our ability to offer competitive pricing and to sign PPAs with customers.”

Annual report 2025A · The company itself

“Renewable Energy Legislation Infrastructure Investment and Jobs Act In November 2021, the Infrastructure Investment and Jobs Act was signed into law and provides for approximately $1.2 trillion of federal spending through 2026, including approximately $85 billion for investments in power, utilities, and renewables infrastructure across the United States. Funding from this Act supports the work we are doing to reduce GHG emissions and to strengthen and protect the energy grid.”

Annual report 2025A · The company itself

“In January 2025, disbursement of funds was paused until agency heads can determine whether grants, loans, contracts, and other disbursements are consistent with the current administration's energy policy. In some cases, the pause has disrupted, and could continue to disrupt, funding, temporarily or permanently, for infrastructure projects already in progress, may cause project delays and cancellations, and may impact continuing payment obligations for downstream contractors and suppliers.”

Annual report 2025A · The company itself

“One Big Beautiful Bill Act In July 2025, the OBBBA was signed into law, enacting significant modifications to clean-energy tax credits previously provided under the IRA. The OBBBA provides companies the ability to earn solar and wind tax credits at current credit rates if construction of projects begins by July 4, 2026, and the projects are placed in-service within four years after beginning construction.”

Annual report 2025A · The company itself

“However, wind and solar projects that begin construction more than one year after enactment of the OBBBA must be placed in service by December 31, 2027 to qualify for PTCs and ITCs. In addition, wind and solar projects that begin construction after December 31, 2025 must also satisfy prohibited foreign entity material assistance requirements.”

Annual report 2025A · The company itself

“We also expect to continue constructing and investing in renewable energy and natural gas generating facilities as part of our capital plan and our goal to be net carbon neutral by the end of 2050.”

Annual report 2025A · The company itself

“WEC's portion of the investment in MISO Tranche 1 and Tranche 2.1 is estimated to be approximately $700 million and $400 million, respectively, between 2026 and 2030, a portion of which will be funded by ATC's cash from operations. Tranche 1 is part of MISO's Long Range Transmission Planning initiative to upgrade the grid so that it can reliably accommodate for the shift in generation to lower-carbon resources.”

Annual report 2025A · The company itself

“REGULATED Electric Facilities The following table summarizes information on our electric generation facilities, including owned and jointly owned facilities, as of December 31, 2025: Name Location Fuel Number of Generating Units Capacity In MW (1) Natural gas-fired plants PWGS Port Washington, WI Natural Gas 2 1,210 (3) Fox Energy Center Wrightstown, WI Natural Gas 3 579 Concord Generating Station Watertown, WI Natural Gas/Oil 4 367 Paris Union Grove, WI Natural Gas/Oil 4 360 VAPP Milwaukee, WI Natural Gas 2 278 Germantown Power Plant Germantown, WI Natural Gas/Oil 5 261 Whitewater Whitewater, WI Natural Gas/Oil 1 234 West Riverside Beloit, WI Natural Gas 1 190 (2) De Pere Energy Center De Pere, WI Natural Gas/Oil 1 170 West Marinette Power Plant Marinette, WI Natural Gas 3 149 Weston Rothschild, WI Natural Gas 7 130 F.D.”

Annual report 2025A · The company itself

“In 2024, Wilhelmsen increased the shareholding in Edda Wind ASA to 31% and was instrumental in the success of the Ventyr alliance securing the first large Norwegian offshore wind tender.”

Annual report 2024A · The company itself

“Our New Energy segment saw continuous high activity at their offshore supply bases, while also increasing their ownership stake within service vessels for offshore wind parks.”

Annual report 2024A · The company itself

“Share of profit from joint ventures and associates in NorSea Edda Wind ASA Edda Wind ASA provides services to the global offshore wind industry and is listed on Oslo Børs. Wilhelmsen owns 31.0% of the company, which is reported as associate in Wilhelmsen’s accounts.”

Annual report 2024A · The company itself

“Sedan 2023 har vi gjort en utökad satsning gemensamt med Varberg Energi på förnybar energi inom bolaget Bäckasol, som gäller byggnation och drift av två återbrukade vindkraftverk i Bäckagård, Tvååker, samt uppförande av en ny solcellspark strax söder om Varberg. Vindkraftverken kommer från Nederländerna, där de har renoverats och färdigställts för att kunna brukas i ytterligare många år framöver.”

Annual report 2024A · The company itself

“Under året fortsatte bolaget att investera i de två vindkraftverk som färdigställdes under slutet av året, samt i egna kontorslokaler.”

Annual report 2024A · The company itself

“Kasvua vetivät puhtaan siirtymän hankkeet, raideliikenteen hankkeet, maanteiden ja katujen rakentaminen sekä erityisesti datakeskusrakentaminen.”

Annual report 2025A · The company itself

“Strategiakaudella Infra-liiketoimintasegmentin kasvua tulevat vauhdittamaan pääasiassa energia- ja teollisuushankkeet, raideinfrastruktuuri ja puolustussektori. • Tavoitteena on saavuttaa vähintään 10 prosentin vuosittainen kasvu (päivitetty 6.2.2026, aiempi tavoite 5 prosenttia), vähintään 6 prosentin oikaistu liikevoittoprosentti sekä toimia jatkuvasti negatiivisella sitoutuneella pääomalla.”

Annual report 2025A · The company itself

“Inköp tar också hänsyn till miljöprestanda och mänskliga rättigheter, inte minst i Polen där våra krav på förnybar energi ledde till en leverantörsförändring.”

Annual report 2024A · The company itself

“Six of our terminals buy electricity from renewable sources.”

Annual report 2024A · The company itself

“In Moerdijk, the Netherlands, we are using wind energy electricity and biodiesel.”

Annual report 2024A · The company itself

“Økende materialpriser som følge av kapasitet på teknologi/materialer med lavt utslipp Overgangsrisiko Teknologi Alle virksomhetsområder Lav Økte kostnader Veidekke følger markedene for materialer og byggevarer for å avdekke endringer i fremtidig kapasitet, og innfører tiltak dersom nødvendig.”

Annual report 2024A · The company itself