Insight by... Martin Mugica — Chief Executive Officer of Skyline Renewables, Ardian’s US renewable energy platform “We have a huge opportunity to that with renewables, we need cheap grow in America. When I came to storage solutions. Once those are in the US in 2006, renewables supplied place, we will have a product that is 1to 2% of the electricity. Last year, far superior in both cost and quality. we were delivering around 11% and the new administration has pledged I cannot say how long the transition to decarbonize the power industry will take but it is happening. by 2035, so this has to grow a lot, The energy industry in the US is now especially as we decarbonize transport. lobbying for a carbon tax to replace all subsidies. It makes a lot of sense We are already competitive against and the coalition proposing this goes combined cycle gas plants without across the spectrum – oil companies, subsidies, but their big advantage is renewable energy companies, dispatchability – meaning they can utilities. The market is definitely supply power 24 hours a day. To do moving in that direction.” The Opta Project The renewable energy market has changed rapidly “Tools like Opta will help over the past decade: markets are transitioning out accelerate the energy transition of subsidies, energy prices have fallen and in many places renewables are now more competitive than – through advanced analytics fossil-fuel generation. To create additional value andand enhanced risk monitoring, to monitor and manage technicaland market risks, Ardian Infrastructure has created Opta, an online our renewable assets will one day monitoring platform. Opta addresses two key areas arbitrate efficiently between of risk management for our renewable energy assets: optimizing the operational efficiency of our windfarmsselling and storing electricity.” and identifying the best market opportunities for their output, while managing our exposure to pricing risks.— Marion Calcine 2020 ACTIVITY REPORT 21