Investment Spotlight: Shepherds Flat

Investment Spotlight Shepherds Flat • TRANSACTION OVERVIEW • Acquired the Shepherds Flat wind farm, an 845 megawatt fully contracted wind generation facility located in Oregon The project, which is fully contracted with a high-quality offtaker, is one of the largest onshore wind projects in the United States and includes an attractive repowering opportunity that we expect to deliver by the end of 2022 Transaction closed in Q1 2021 VALUE-ENHANCING THESIS • • Repowering opportunity is one of the largest in the world and is expected to increase total generation by approximately 25% increasing the clean energy produced by approximately 400 gigawatt hours annually and delivering strong returns Leveraging our decades of expertise to drive operational efficiencies while producing attractive returns Plan to drive additional value to through operational and commercial synergies such as optimizing G&A spend and O&M agreements • We are also advancing a 400-megawatt new-build development pipeline that was included in the transaction 400 GWH INCREMENTAL WIND CAPACITY 400 MW DEVELOPMENT PROJECT Brookfield 29

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