Cloudberry Annual report 2022 186 Alternative performance measures Non-financial APMs Measure Description Reason for including Power Production Power delivered to the grid over the defined time period (one year). Units are measured in GWh. Example A typical 4 MW turbine produces 3 000 full-load hours during a year. 4 MW x 3 000 hours = 12 000 MWh or 12 GWh. For illustration, according to the International Energy Agency 1 (“IEA”) the electrical power consumption per capita in Europe is approximately 6 MWh per year. For power production estimates it is used normalized annual level of power production (GWh). This may deviate from actual production within a single 12-month period but is the best estimate for annual production over a period of several years. Defined as “Normalized production”. Shows Cloudberry’s total production in GWh for the full year including the proportionate share of the production from Cloudberry’s associated companies. Production & under construction, secured At the time of measure, the estimated power output of the secured production and under construction portfolio. The measure is at year-end. Units are measured in MW. Shows Cloudberry’s total portfolio of secured projects that are either producing or under construction. Construction Permits At the time of measure, the estimated total power output to be installed in projects with construction permit. Construction Permit is at the stage when concession has been granted, but before a final investment decision has been made. The measure is at year-end. Units are measured in MW. Shows Cloudberry’s total portfolio of projects with construction permit. Backlog At the time of measure, the estimated total effect to be installed related to projects that are exclusive to the Group and in a concession application process. The measure is at year-end. Units are measured in MW Shows Cloudberry’s portfolio of project where Cloudberry has an exclusive right to the projects. The projects are still under development. Direct emissions Measure in tons of CO2 equivalents. The use of fossil fuels for transportation or combustion in owned, leased or rented assets. It also includes emission from industrial processes. Shows Cloudberry’s direct emissions (Scope 1, GHG emissions) for the full year. Indirect emissions Measure in tons of CO2 equivalents. Related to purchased energy; electricity and heating/cooling where the organisation has operational control. The electricity emission factors used are based on electricity production mixes from statistics made public by the IEA. Emissions from value chain activities are a result of the Group’s upstream and downstream activities, which are not controlled by the Group. Examples are consumption of products, business travel, goods transportation and waste handling. Shows Cloudberry’s indirect emissions (Scope 2 and Scope 3, GHG emissions) for the full year. CO2 reduction Refers to the reduction of greenhouse gas emissions relative to baseline emissions from the European electricity mix (EU-27 electricity mix, IEA 2020 2. Shows Cloudberry’s reduction of greenhouse gases for the full year relative to the European Electricity mix after the direct and indirect emissions from Cloudberry’s operation is subtracted 1 https://www.iea.org/data-and-statistics/?country=WEOEUR&fuel=Energy%20consumption&indicator=ElecConsPerCapita (accessed 14 June 2021). 2 https://www.iea.org/data-and-statistics/charts (accessed 6 May 2021).
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