Slide 1: Investor Presentation Q2
ec nergy | EConergy Powering Renewables Investor Presentation | Q2
Slide 2: Limitation of Liability
Limitation of Liability The purpose of this presentation is to present Econergy Renewable Energy Ltd. (the "Company’) and it is intended for the provision of information only. This presentation does not constitute an offer to the public of the Company's securities or an offer to invest in the compan
Slide 3: Econergy - European Renewable Energy Platform
Econergy - European Renewable Energy Platform ec@ nergy Large & Diversified Project Pipeline Local Expertise Arobust pipeline of 13GW across core Development, construction, and operation segments: solar PV, wind, and energy storage. led by in-country teams with deep market knowledge, technical exper
Slide 4: Q2/25 Notable Developments
Q2/25 Notable Developments ic) 100mw New Market Entry Acquisition of a storage project in Germany. te 913mw Under Construction “Significant Events After the Reporting Period ° 577mMw Connected and ready-to-connect assets -1.96w By End of 2025 Operational, ready to connect and under construction proj
Slide 5: Capital Markets Activity — Strong Vote of Confidence
Capital Markets Activity — Strong Vote of Confidence ..gneray = €62M-—Private Placement — Equity * Series B Bonds - Bond issuance of €85M, Investment by leading financial institutions: Phoenix, Mor hich . Investments, Migdal, and Menora which received strong demand * Increase in shareholding and tra
Slide 6: German Market entry — paving the way for extensive growth
@ German Market entry — paving the way for extensive growth e AAA® ~~ 9 360GW”) © 100% Q4/2025 Country rating Government Renewables Equity Stake Target Construction Target by 2030 start Government Targets * Renewables share in electricity consumption to reach Q1/2027 a €72M 9 at least 80% by 2030. E
Slide 7: Romania - Strengthening Our Competitive Edge in Storage
@ Romania - Strengthening Our Competitive Edge in Storage S Compelling Business Case * €150M government-funded Co-Location support program * Exemption from Grid Fees for BESS projects (Charging only) * — Rising electricity prices increase demand for storage solutions * Renewable penetration and full
Slide 8: Total investment / Econergy's Share of Total Investment
; Total investment Econergy's Share of Total Investment, Before Leverage
Slide 9: Connected Projects, under construction, and highly certain to start by EOY 2025
Connected Projects, under construction, and highly certain to start by EOY 2025! ecQnergy Connected Under Projects expected Projects and Construction to begin ready to connect Projects construction by Lé EOY 2025 Total Total company's 8B69uw ic share Operational and Ready-to-Connect Pv, Wind and Ene
Slide 10: Parau Romania's Flagship Project for 2025
Parau 2 Romania's Flagship Project for 2025 343 mw C) Installed PV capacity maleate status & Co-location ‘onstruction Start: . Grid Connection Target: @3/27” Pee Le alec with 150s Co-located BESS Forecasted EI a €233u ¢ 50% =e “€20M Forecasted FFO® Total project construction Shareholding rate Projec
Slide 11: Project Financing
Project Financing Country Romania g The UK Poland d Romania o Romania o 0 Romania @ The UK Ad Poland 0 Italy Germany @ Under ticense Project's name Ratesti Swangate Resko Parau lancu Jianu 12 Projects 4 Projects Konin Pipeline of 12 Projects 2 Projects Technology PV BESS PV PV PV PV & BESS PV & BESS
Slide 12: Optimizing Financial Stability Long-Term Energy Sales Agreements
Optimizing Financial Stability Long-Term Energy Sales Agreements () Romania Parau 2 | 343MW — CFD Tender Success * Secured 125MW (AC), the largest awarded capacity in the auction. * Afixed tariff of €49.4/MWh over a15-year term * Projected revenue from the tender: ~€446 million. Reducing exposure to
Slide 13: Business Results Forecast Through 2026 by Development Stage
Business Results Forecast Through 2026 by Development Stage* ecOnergy Econergy UK Results — 75% Company Stake, in €M Projected Financial Performance from Electricity Sales Only Revenues) EBITDA FFO © Under license 63 e Approaching D construction 51 @ Under construction 36 ; @ Commercial Operation "3
Slide 14: Pipeline overview
Pipeline overview
Slide 15: Geographic Presence and Development Stages
Geographic Presence and Development Stages The UK 17 Projects © iwaw © 6mw @ xaw © mw © sow Germany One Project @ 00m Italy 114 Projects © saw © 1750mw somw Spain ° 3 Projects oO aw @ aw @O zemw Greece 3 Projects © sow © com Poland 31 Projects © tssaqw ‘B05MW s2Mw ° OQ ww ° Romania 30 Projects © 1s6
Slide 16: Total project pipeline
Total project pipeline* One of the largest project development platforms in Europe @ Projects in early development © Projects under license @ Projects approaching construction @ Projects under construction © Projects in Commercial Operation and ready for Connection Projects in Commercial Projects un
Slide 17: Balanced Project Portfolio Including Wind, PV, and BESS
Balanced Project Portfolio Including Wind, Pv, and BESS ecOneray EOY 2024 Expected EOY 2025** Project Pipeline (GW) Operational and under Operational and under construction capacity (MW) construction capacity (MW?) 4 o Wind ° o wea BESS 0.7 Bess Bess 14 3.4 170 51 3 ry oy Pv py Pye 8.8 752 1,431 Ita
Slide 18: Macro Trends
Slide 19: 2035: Surge in Electricity Demand Across Europe
@ 2035: Surge in Electricity Demand Across Europe Conventional Industry, Al and EV @ 36% increase in electricity consumption — from 3,297 TWh to 4,470 TWh by 2035 EU Electricity demand (TWh) Projected demand 1 2035 Historical demand = 85 TWh 2010 2015 2020 2021 2022 2023 2024 2025 2030 Se Industry a
Slide 20: Storage Segment Positioned as the Company's Core Growth Driver
2025 | Storage Segment Positioned as the Company's Core Growth Driver ecQneray Macro Drivers Supporting Energy Storage Project Development in Europe Renewables penetration and the decline of gas and coal are driving increased grid volatility and creating demand for flexible energy solutions. Falling
Slide 21: Supportive Macro Environment Declining Costs, Sustained Profitability
Supportive Macro Environment Declining Costs, Sustained Profitability ecOneray Forecasted PV Electricity Prices in EUR/MWh'"®) @ Projected Pv electricity w Poland @) tray @ romania price decline in Europe over the next decade, 100 driven by lower fuel 80 — 80 MULES costs and greater 60 80 NL renewab
Slide 22: Powering Renewables.
Powering Renewables. connected, under construction, and expected to begin construction
Slide 23: Romania Expanding Commercial Operations and Accelerating Storage
@ Romania Expanding Commercial Operations and Accelerating Storage ecQnergy 2 GrowthPv Projects * 3 Operational PV projects totaling 302 MW * Ratesti, ISSMW, the country's largest operational PV project * Targeting 0.5 GW in operation by end of 2025) * Second Governmental CfD tender for -1.5 Gw PV "
Slide 24: Romania Connected Projects, Ready for Connection, and Under Construction
@ Romanila connected Projects, Ready for Connection, and Under Construction® ec (oe) nergy Financial data in €M, on a100% basis Projectstxpected —_,,rolects = . Expected to be Connected Projects to be connected Total —. by EOY 2025 connected after y 2025 ; A 3 Q Project name Ratesti Parau Scurtu Mar
Slide 25: The UK Secured Revenues in Energy Storage Projects
& The UK Secured Revenues in Energy Storage Projects © Storage Projects * Swangate - 50 MW connected * Immingham and Dalmarnock - 120 MW under construction, COD @2-Q3/26 fo * Brought forward the connection schedule for the projects — supported by vive Scotland MW regulatory approval for grid connect
Slide 26: The UK Connected Projects, Ready for Connection, and Under Construction
+ The UK Connected Projects, Ready for Connection, and Under Construction” = s B o 4 : 4 Financial data in €M, on a 100% basis Project name Installed Capacity (MWp) Holding”! Total construction cost® Representative year's Revenues") Representative year’s EBITDA” Connected Projects Swangate 50 100% 4
Slide 27: Poland: Resko 52MW PV and Konin BESS
ie Resko, 52MW PV * COD Q4/25 * vPPAsigned with one of the world's largest multinational companies — a 19-year term covering 75% of total generation capacity, expected to generate approximately €81.2M? A * Financial close - €33M secured (Gp vom rox * Strategic partnership — conversion of a €4.2M loa
Slide 28: Poland Ready for connection
Poland Ready for connection ecOnergy Financial data in €M, on a 100% basis 2025 Project name Resko wel Capacity 52 : Holding”! 51% Total construction cost) 44.6 Representative year's Revenues?!) 45 Representative year's EBITDA" 3.6 COD expected Q4/2025 28
Slide 29: Italy
@ Italy PV Projects * 7MW were connected during Q2/25 * 30MW scheduled to be connected by Q4/25 Project Financing * €33M advanced financing for 12 projects totaling 65MWw?!") Storage Project * Development of utility-scale storage projects in the Italian market, with an installed capacity of 0.8 GW S
Slide 30: Italy Connected Projects, Ready for Connection, and Under Construction
Ita ly Connected Projects, Ready for Connection, and Under Construction® ecQnergy Financial data in €M, on a 100% basis Projects Expected to Projects Expected to ConnectedProjects be connected by EOY be connected after Total 2025 2025 . f Casucci Maria 2 © Project name 9Projects Sessa Arunca12 . g G
Slide 31: Project Connection Forecast Based on Existing Pipeline
Project Connection Forecast Based on Existing Pipeline 6 nergy @ Based on the Company's 13GW PV, Wind and Storage development pipeline, and according to probabilities for success completing the development process that the Company published in its reports* @ The following is a forecast of project re
Slide 32: ESG Milestones and objectives
ESG Milestones and objectives @ _Econergy and its stakeholders pledge to adopt a corporate responsibility policy that encompasses environmental, economic, and social dimensions, recognizing their importance for the business's growth: ® Environmental = Social th Governance Mitigating climate change a
Slide 33: Appendixes
Slide 34: Cumulative capital investment of 137 million euros
; השקעת הון מצטברת של 137 מיליון אירו
Slide 35: Forecasted Electricity prices according to technology
Forecasted Electricity prices according to technology” Country Romania Poland Italy The UK Romania Italy The UK The UK Poland Romania Romania Germany Technology PV PV PV PV Wind Wind BESS BESS BESS BESS BESS BESS €/MWh €/KWh/Year €/MWh €/MWh €/MWh €/MWh €/MWh €/MWh €/KWh/Year €/KWh/Year €/KWh/year €
Slide 36: Consolidated Balance Sheet as of June 2025
Consolidated Balance Sheet as of 30 June 2025 (€k) ecOnergy 30.06.2025 31.12.2024 43 Total current assets 176,203 220,239 4 Total non-current assets 633,350 563,433 ® Total assets 809,553 783,672 &} Total current liabilities 125,553 198,462 & Totalnon-current liabilities 285,041 372,965 G Total liab
Slide 37: Definitions of Non-GAAP Index
Definitions of Non-GAAP Index ecQnergy The EBITDA, FFO and FCF measures of the Company's projects are non-GAAP financial metrics, i.e, they are not accounting measures, and accordingly these indices were not built according to accounting standards. The Company estimates that some of the companies ar
Slide 38: Under construction and ready to connect projects
Under construction and ready to connect projects”) Financial data in €k ecQnergy vow eemme| atm | ess | eorct expected nniatrar YONI! SESE companys panners| — totat conion emieaea| Preto rst fl e-year operation outcomes country Projectsmame TEMNO8 Copacty capacit COMPANY’ constuctio connect operatio
Slide 39: Projects approaching construction
Projects approaching construction® Financial data in €k Installed BESS company County Projeetsname Tectreosy Capa capes CQNBANY® co ouster ofts italy proetsupto py ws io ay embers py gg Benigno Germany Senftenberg «BESS 00S «00 Poland Konin.aesS BESS. 48280 fomania Salbatea3. = Wind 85 fomania —crtb
Slide 40: Projects approaching construction
ion®) Projects approaching construction ecOneray Financial data in €k Predicted first full five-year operation outcomes!%2s% , Secured Total ‘wn Vatiaty of Tatil companys Partner's ggfOlal_,, Construction project projected Installed _ BESS Yearof Expected Initial ful , company’s PPAF Through estimat
Slide 41: Licensed projects expected to start construction within months
Licensed projects expected to start construction within 12 months of report publication?) in €k Financial data country hraty Poland, Poland, Poland, Poland Poland Poland, Romania Project's Name Pecetto valenza Selvazzano Nadziejewo (POL_SUN) Osieczna Janiszewko (POL_SUN).BES s Nadziejewo {POL_SUN).B
Slide 42: Footnotes
; 3. The Company’s assessments regarding the completion of the financing transactions detailed above, the progression of negotiations into binding agreements, their scope, terms, and timing, constitute forward- looking information, as defined under the Israeli Securities Law, 1968. The realization o
Slide 43: Powering Renewables. Thank you
ec gnersy ) LNAaNK Powering Renewables. you