KEA Holding III ApS

The Company’s Main Activities The main focus of the KEA Holding III Group is developing and constructing wind turbines and solar parks. Another focus of the Group is purchasing existing renewable energy parks and the financing of these for either disposal or operation. The most significant part of the activities in the Group are related to the subsidiary European Energy A/S. Business model Since 2004, European Energy has acquired considerable know-how in all stages of the wind and solar power value chain. This expertise ranges from identifying new sites and securing financing to managing the actual construction process and ensuring the reliable operation of assets. European Energy has three main business areas • development, construction and divestment • sale of electricity from operational assets • asset management Reference is made to the Annual Report of European Energy A/S for a comprehensive description of the business model etc. of the European Energy A/S Group.