Yinson Annual Report 2021

101 ANNUAL REPORT 2021 MANUFACTURED CAPITAL RENEWABLES DIVISION PROGRESS IN FYE 2021 FOCUS FOR FYE 2022 Acquisition and development t "DRVJTJUJPO PG PG 34& UIBU PXOT UIF 3JTJOH #IBEMB 1&2 Solar Plants in the Bhadla Solar Park, Rajasthan. t 4FDVSFE DPOUSBDU GPS UIF DPOTUSVDUJPO BOE PQFSBUJPO PG a 190MW solar plant in the Nokh Solar Park, Rajasthan. The contract was won by Yinson’s 80% owned subsidiary, RSEK through a reverse auction process. t &TUBCMJTIFE TUSPOH HMPCBM QJQFMJOF PG HSFFOmFME renewable energy projects in new regions. t &YQBOE SFOFXBCMFT QSFTFODF JO existing and new regions. t %SJWF FBSMZ TUBHF QSPKFDUT GPSXBSE through consenting process to achieve ready-to-build status. t $POUJOVF CVJMEJOH TUSPOH QJQFMJOF PG renewables projects in core markets, with scale and value potential. t 1BSUJDJQBUF JO GVSUIFS BVDUJPOT UP CVJME and operate assets in solar parks. Construction t $POTUSVDUJPO PG UIF /PLI 1SPKFDU LJDLFE PGG BOE JT PO track for completion in Q2 2022. t %FWFMPQNFOU QSPDFTT TUBSUFE BU NVMUJQMF TJUFT HMPCBMMZ t 1SPHSFTT XJUI EFWFMPQNFOU PG /PLI Project as per project schedule towards completion in Q2 2022. t $POUJOVF EFWFMPQNFOU JO NVMUJQMF sites. t 1SFQBSF GPS DPOTUSVDUJPO PG OFX ready-to-build projects. Operations t &YDFFEFE HFOFSBUJPO BOE SFWFOVF CVEHFU GPS PQFSBUJOH solar plants. t ,JDLFE PGG JOUFHSBUJPO PG 34& XJUI :JOTPO t .BJOUBJO HPPE QFSGPSNBODF GPS operating assets while looking for improvement opportunities. t $PNQMFUF TNPPUI JOUFHSBUJPO PG 34& with Yinson. Yinson’s renewables project pipeline spans the entire value chain from site investigation; development & consent; construction; and owning & operating including power sales. The Renewables Division was established in late 2019 and has already established an operating portfolio with installed capacity of 140MW, to grow to at least 330MW in FYE 2022. The size of our pipeline, which is already 3 to 5GW, illustrates the potential for future organic growth over the medium to longer term. This may be supplemented by further auction opportunities in India in the short to medium time frame. * Global: Europe, Australia, New Zealand, Vietnam, Latin America RENEWABLES PROJECT PIPELINE OVERVIEW SITE INVESTIGATION DEVELOPMENT & CONSENT CONSTRUCTION OWN & OPERATE INCLUDING POWER SALES Timeline: 2 to 5 years 3000 – 5000MW 100MW 190+MW 140MW GLOBAL* Greenfield development and M&A INDIA Other auction opportunities ITALY Greenfield development ITALY 100MW wind and solar INDIA 190MW solar plant under construction INDIA 140MW Rising Bhadla 1&2