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03 - Business case Skûlenboarch - 12022026

RAAD: Overige bijeenkomsten 19 februari 2026, gemeente TytsjerksteradielBij agendapunt: Businesse case zonnepark Skûlenboarch93.918 woorden

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1 1,0000

Other escalations CPI None O&M spare spare spare spare New financial year flag CPI base year flag None base year flag O&M base year flag spare base year flag spare base year flag spare base year flag spare base year flag

Base year: 2.026

% per year % per year % per year % per year % per year % per year % per year

2,00 % 1,00 %

CPI index None index O&M index spare index spare index spare index spare index

2.025 2.025 2.025 2.025 2.025 2.025

flag flag flag flag flag flag flag flag index index index index index index index

Sensitivities Quarterly Operational date flag OPEX sensitivity index

flag index

Business case Skûlenboarch – Input (input PowerPrice) – Enber 12/02/2026 InpP Skulenboarch Model period beginning Model period ending Period phaselabel Financial year

- Error chks 69 Track chgs 3 Alerts Unit

Constant

01 jan 25 31 mrt 25 Pre-FC 2025

01 apr 25 30 jun 25 Pre-FC 2025

01 jul 25 30 sep 25 Pre-FC 2025

01 okt 56 31 dec 56 Post-ops 2056

01 jan 57 31 mrt 57 Post-ops 2057

01 apr 57 30 jun 57 Post-ops 2057

01 jul 57 30 sep 57 Post-ops 2057

01 okt 57 31 dec 57 Post-ops 2057

01 jan 58 31 mrt 58 Post-ops 2058

01 apr 58 30 jun 58 Post-ops 2058

01 jul 58 30 sep 58 Post-ops 2058

01 okt 58 31 dec 58 Post-ops 2058

01 jan 59 31 mrt 59 Post-ops 2059

01 apr 59 30 jun 59 Post-ops 2059

01 jul 59 30 sep 59 Post-ops 2059

01 okt 59 31 dec 59 Post-ops 2059

01 jan 60 31 mrt 60 Post-ops 2060

01 apr 60 30 jun 60 Post-ops 2060

01 jul 60 30 sep 60 Post-ops 2060

01 okt 60 31 dec 60 Post-ops 2060

01 jan 61 31 mrt 61 Post-ops 2061

01 apr 61 30 jun 61 Post-ops 2061

01 jul 61 30 sep 61 Post-ops 2061

01 okt 61 31 dec 61 Post-ops 2061

01 jan 62 31 mrt 62 Post-ops 2062

01 apr 62 30 jun 62 Post-ops 2062

01 jul 62 30 sep 62 Post-ops 2062

01 okt 62 31 dec 62 Post-ops 2062

66 66,40

69,00 66 66,40

69,00 65 65,79

69,00 69,00 65 65,79

69,00 69,00 59 61,38

69,00 69,00 59 62,51

69,00 69,00 60 64,62

69,00 69,00 61 67,13

69,00 69,00 61 68,36

69,00 69,00 57 65,02

69,00 69,00 54 63,15

69,00 69,00 55 65,13

69,00 69,00 57 69,12

69,00 69,00 58 72,12

69,00 69,00 60 75,59

69,00 69,00 60 76,97

69,00 69,00 60 78,77

69,00 69,00 60 80,08

69,00 69,00 60 82,09

69,00 69,00 59 82,75

69,00 59 82,75

69,00 60 84,98

69,00 60 86,68

69,00 59 88,12

69,00 58 87,91

69,00 59 90,59

69,00 58 91,14

69,00 58 92,65

69,00 58 94,33

69,00 58 96,56

69,00 56 95,93

69,00 57 98,72

69,00 57 101,93

69,00 58 104,15

69,00 58 106,24

69,00 58 108,55

69,00 -

59 1

1 1 1,0000

1,0000

1 1,0200

1,0200

1 1,0404

1,0404

1 1,0612

1,0612

1 1,0824

1,0824

1 1,1041

1,1041

1 1,1262

1,1262

1 1,1487

1,1487

1 1,1717

1,1717

1 1,1951

1,1951

1 1,2190

1,2190

1 1,2434

1,2434

1 1,2682

1,2682

1 1,2936

1,2936

1 1,3195

1,3195

1 1,3459

1,3459

1 1,3728

1,3728

1 1,4002

1,4002

1 1,4282

1,4282

1 1,4568

1,4568

1 1,4859

1,4859

1 1,5157

1,5157

1 1,5460

1,5460

1 1,5769

1,5769

1 1,6084

1,6084

1 1,6406

1,6406

1 1,6734

1,6734

1 1,7069

1,7069

1 1,7410

1,7410

1 1,7758

1,7758

1 1,8114

1,8114

1 1,8476

1,8476

1 1,8845

1,8845

1 1,9222

1,9222

1 1,9607

1,9607

1 1,9999

1,9999

1 2,0399

2,0399

1 2,0807

2,0807

1 2,1223

1,0000 1,0000 1,0000 1,0000 1,0000

1,0000 1,0000 1,0000 1,0000

Total

01 okt 25 01 jan 26 01 apr 26 01 jul 26 01 okt 26 01 jan 27 01 apr 27 01 jul 27 01 okt 27 01 jan 28 01 apr 28 01 jul 28 01 okt 28 01 jan 29 01 apr 29 01 jul 29 01 okt 29 01 jan 30 01 apr 30 01 jul 30 01 okt 30 01 jan 31 01 apr 31 01 jul 31 01 okt 31 01 jan 32 01 apr 32 01 jul 32 01 okt 32 01 jan 33 01 apr 33 01 jul 33 01 okt 33 01 jan 34 01 apr 34 01 jul 34 01 okt 34 01 jan 35 01 apr 35 01 jul 35 01 okt 35 01 jan 36 01 apr 36 01 jul 36 01 okt 36 01 jan 37 01 apr 37 01 jul 37 01 okt 37 01 jan 38 01 apr 38 01 jul 38 01 okt 38 01 jan 39 01 apr 39 01 jul 39 01 okt 39 01 jan 40 01 apr 40 01 jul 40 01 okt 40 01 jan 41 01 apr 41 01 jul 41 01 okt 41 01 jan 42 01 apr 42 01 jul 42 01 okt 42 01 jan 43 01 apr 43 01 jul 43 01 okt 43 01 jan 44 01 apr 44 01 jul 44 01 okt 44 01 jan 45 01 apr 45 01 jul 45 01 okt 45 01 jan 46 01 apr 46 01 jul 46 01 okt 46 01 jan 47 01 apr 47 01 jul 47 01 okt 47 01 jan 48 01 apr 48 01 jul 48 01 okt 48 01 jan 49 01 apr 49 01 jul 49 01 okt 49 01 jan 50 01 apr 50 01 jul 50 01 okt 50 01 jan 51 01 apr 51 01 jul 51 01 okt 51 01 jan 52 01 apr 52 01 jul 52 01 okt 52 01 jan 53 01 apr 53 01 jul 53 01 okt 53 01 jan 54 01 apr 54 01 jul 54 01 okt 54 01 jan 55 01 apr 55 01 jul 55 01 okt 55 01 jan 56 01 apr 56 01 jul 56 31 dec 25 31 mrt 26 30 jun 26 30 sep 26 31 dec 26 31 mrt 27 30 jun 27 30 sep 27 31 dec 27 31 mrt 28 30 jun 28 30 sep 28 31 dec 28 31 mrt 29 30 jun 29 30 sep 29

31 dec 29 31 mrt 30 30 jun 30 30 sep 30 31 dec 30 31 mrt 31 30 jun 31 30 sep 31 31 dec 31 31 mrt 32 30 jun 32 30 sep 32 31 dec 32 31 mrt 33 30 jun 33 30 sep 33 31 dec 33 31 mrt 34 30 jun 34 30 sep 34 31 dec 34 31 mrt 35 30 jun 35 30 sep 35 31 dec 35 31 mrt 36 30 jun 36 30 sep 36 31 dec 36 31 mrt 37 30 jun 37 30 sep 37 31 dec 37 31 mrt 38 30 jun 38 30 sep 38 31 dec 38 31 mrt 39 30 jun 39 30 sep 39 31 dec 39 31 mrt 40 30 jun 40 30 sep 40 31 dec 40 31 mrt 41 30 jun 41 30 sep 41 31 dec 41 31 mrt 42 30 jun 42 30 sep 42 31 dec 42 31 mrt 43 30 jun 43 30 sep 43 31 dec 43 31 mrt 44 30 jun 44 30 sep 44 31 dec 44 31 mrt 45 30 jun 45 30 sep 45 31 dec 45 31 mrt 46 30 jun 46 30 sep 46 31 dec 46 31 mrt 47 30 jun 47 30 sep 47 31 dec 47 31 mrt 48 30 jun 48 30 sep 48 31 dec 48 31 mrt 49 30 jun 49 30 sep 49 31 dec 49 31 mrt 50 30 jun 50 30 sep 50 31 dec 50 31 mrt 51 30 jun 51 30 sep 51 31 dec 51 31 mrt 52 30 jun 52 30 sep 52 31 dec 52 31 mrt 53 30 jun 53 30 sep 53 31 dec 53 31 mrt 54 30 jun 54 30 sep 54 31 dec 54 31 mrt 55 30 jun 55 30 sep 55 31 dec 55 31 mrt 56 30 jun 56 30 sep 56 Fin Close Construction Construction Construction Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational

Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational Operational 2025 2026 2026 2026 2026 2027 2027 2027 2027 2028 2028 2028 2028 2029 2029 2029 2029 2030 2030 2030 2030 2031 2031 2031 2031 2032 2032 2032 2032 2033 2033 2033 2033 2034 2034 2034 2034 2035 2035 2035 2035 2036 2036 2036

2036 2037 2037 2037 2037 2038 2038 2038 2038 2039 2039 2039 2039 2040 2040 2040 2040 2041 2041 2041 2041 2042 2042 2042 2042 2043 2043 2043 2043 2044 2044 2044 2044 2045 2045 2045 2045 2046 2046 2046 2046 2047 2047 2047 2047 2048 2048 2048 2048 2049 2049 2049 2049 2050 2050 2050 2050 2051 2051 2051 2051 2052 2052 2052 2052 2053 2053 2053 2053 2054 2054 2054 2054 2055 2055 2055 2055 2056 2056 2056

01 jan 63 31 mrt 63 Post-ops 2063

Power Price Forecast Scenario Selection Enber Central Q225 - excl. 6h

Power price scenario

Power Price Scenarios -

- EUR per MWh - EUR per MWh - EUR per MWh - EUR per MWh - EUR per MWh - EUR per MWh - EUR per MWh

SDE SDE + Central / Low tail Enber Central Q2-25 - excl. 6h Enber Central Q2-25 - excl. 6h Power price escalation 2,00% New financial year flag First model period flag Power price escalation factor

Escalation per year % - flag - flag factor

Base price forecast alert Invalid power price check Profile & Imbalance factor scenario Profile and Imbalance Scenarios P&I P&I SDE P&I SDE + Central / Low tail P&I P&I

alert check

P&I SDE

- factor - factor - factor - factor - factor

Business case Skûlenboarch – Berekening - Assets – Enber 12/02/2026

Assets Skulenboarch Model period beginning Model period ending Period phaselabel Financial year

Constant

- Error chks 69 Track chgs 3 Alerts Unit

01 jan 26 31 mrt 26

01 apr 26 30 jun 26

01 jul 26 30 sep 26

01 okt 26 31 dec 26

01 jan 27 31 mrt 27

01 apr 27 30 jun 27

01 jul 27 30 sep 27

01 okt 27 31 dec 27

01 jan 28 31 mrt 28

01 apr 28 30 jun 28

01 jul 28 30 sep 28

01 okt 28 31 dec 28

01 jan 29 31 mrt 29

01 apr 29 30 jun 29

01 jul 29 30 sep 29

01 okt 29 31 dec 29

01 jan 30 31 mrt 30

01 apr 30 30 jun 30

01 jul 30 30 sep 30

01 okt 30 31 dec 30

01 jan 31 31 mrt 31

01 apr 31 30 jun 31

01 jul 31 30 sep 31

01 okt 31 31 dec 31

01 jan 32 31 mrt 32

01 apr 32 30 jun 32

01 jul 32 30 sep 32

01 okt 32 31 dec 32

01 jan 33 31 mrt 33

01 apr 33 30 jun 33

01 jul 33 30 sep 33

01 okt 33 31 dec 33

01 jan 34 31 mrt 34

01 apr 34 30 jun 34

01 jul 34 30 sep 34

01 okt 34 31 dec 34

01 jan 35 31 mrt 35

01 apr 35 30 jun 35

01 jul 35 30 sep 35

01 okt 35 31 dec 35

01 jan 36 31 mrt 36

01 apr 36 30 jun 36

01 jul 36 30 sep 36

01 okt 36 31 dec 36

01 jan 37 31 mrt 37

01 apr 37 30 jun 37

01 jul 37 30 sep 37

01 okt 37 31 dec 37

01 jan 38 31 mrt 38

01 apr 38 30 jun 38

01 jul 38 30 sep 38

01 okt 38 31 dec 38

01 jan 39 31 mrt 39

01 apr 39 30 jun 39

01 jul 39 30 sep 39

01 okt 39 31 dec 39

01 jan 40 31 mrt 40

01 apr 40 30 jun 40

01 jul 40 30 sep 40

01 okt 40 31 dec 40

01 jan 41 31 mrt 41

01 apr 41 30 jun 41

01 jul 41 30 sep 41

01 okt 41 31 dec 41

01 jan 42 31 mrt 42

01 apr 42 30 jun 42

01 jul 42 30 sep 42

01 okt 42 31 dec 42

01 jan 43 31 mrt 43

01 apr 43 30 jun 43

01 jul 43 30 sep 43

01 okt 43 31 dec 43

01 jan 44 31 mrt 44

01 apr 44 30 jun 44

01 jul 44 30 sep 44

01 okt 44 31 dec 44

01 jan 45 31 mrt 45

01 apr 45 30 jun 45

01 jul 45 30 sep 45

01 okt 45 31 dec 45

01 jan 46 31 mrt 46

01 apr 46 30 jun 46

01 jul 46 30 sep 46

01 okt 46 31 dec 46

01 jan 47 31 mrt 47

01 apr 47 30 jun 47

01 jul 47 30 sep 47

01 okt 47 31 dec 47

01 jan 48 31 mrt 48

01 apr 48 30 jun 48

01 jul 48 30 sep 48

01 okt 48 31 dec 48

01 jan 49 31 mrt 49

01 apr 49 30 jun 49

01 jul 49 30 sep 49

01 okt 49 31 dec 49

01 jan 50 31 mrt 50

01 apr 50 30 jun 50

01 jul 50 30 sep 50

01 okt 50 31 dec 50

01 jan 51 31 mrt 51

01 apr 51 30 jun 51

01 jul 51 30 sep 51

01 okt 51 31 dec 51

01 jan 52 31 mrt 52

01 apr 52 30 jun 52

01 jul 52 30 sep 52

01 okt 52 31 dec 52

01 jan 53 31 mrt 53

01 apr 53 30 jun 53

01 jul 53 30 sep 53

01 okt 53 31 dec 53

01 jan 54 31 mrt 54

01 apr 54 30 jun 54

01 jul 54 30 sep 54

01 okt 54 31 dec 54

01 jan 55 31 mrt 55

01 apr 55 30 jun 55

01 jul 55 30 sep 55

01 okt 55 31 dec 55

01 jan 56 31 mrt 56

01 apr 56 30 jun 56

01 jul 56 30 sep 56

Construction

Operational

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

2046

2047

2048

2049

2050

2051

2052

2053

2054

2055

2056

2057

2058

2059

2060

2061

2062

2063

2064

2065

2066

2067

2068

2069

2070

2071

2072

2073

2074

2075

2076

2077

2078

2079

2080

2081

2082

2083

80 30.630.125 (30.630.125)

1 382.877 (382.877)

60 -

Total

01 jan 25 31 mrt 25

01 apr 25 30 jun 25

01 jul 25 30 sep 25

01 okt 25 31 dec 25

Pre-FC

Fin Close

01 okt 56 31 dec 56

01 jan 57 31 mrt 57

Post-ops

01 apr 57 30 jun 57 Post-ops

01 jul 57 30 sep 57

01 okt 57 31 dec 57

01 jan 58 31 mrt 58

Post-ops

01 apr 58 30 jun 58 Post-ops

01 jul 58 30 sep 58

01 okt 58 31 dec 58

01 jan 59 31 mrt 59

Post-ops

01 apr 59 30 jun 59 Post-ops

01 jul 59 30 sep 59

01 okt 59 31 dec 59

01 jan 60 31 mrt 60

Post-ops

01 apr 60 30 jun 60 Post-ops

01 jul 60 30 sep 60

01 okt 60 31 dec 60

01 jan 61 31 mrt 61

Post-ops

01 apr 61 30 jun 61 Post-ops

01 jul 61 30 sep 61

01 okt 61 31 dec 61

01 jan 62 31 mrt 62

Post-ops

01 apr 62 30 jun 62 Post-ops

01 jul 62 30 sep 62

01 okt 62 31 dec 62

01 jan 63 31 mrt 63

Post-ops

01 apr 63 30 jun 63 Post-ops

01 jul 63 30 sep 63

01 okt 63 31 dec 63

01 jan 64 31 mrt 64

Post-ops

01 apr 64 30 jun 64 Post-ops

01 jul 64 30 sep 64

01 okt 64 31 dec 64

01 jan 65 31 mrt 65

Post-ops

01 apr 65 30 jun 65 Post-ops

01 jul 65 30 sep 65

01 okt 65 31 dec 65

01 jan 66 31 mrt 66

Post-ops

01 apr 66 30 jun 66 Post-ops

01 jul 66 30 sep 66

01 okt 66 31 dec 66

01 jan 67 31 mrt 67

Post-ops

01 apr 67 30 jun 67 Post-ops

01 jul 67 30 sep 67

01 okt 67 31 dec 67

01 jan 68 31 mrt 68

Post-ops

01 apr 68 30 jun 68 Post-ops

01 jul 68 30 sep 68

01 okt 68 31 dec 68

01 jan 69 31 mrt 69

Post-ops

01 apr 69 30 jun 69 Post-ops

01 jul 69 30 sep 69

01 okt 69 31 dec 69

01 jan 70 31 mrt 70

Post-ops

01 apr 70 30 jun 70 Post-ops

01 jul 70 30 sep 70

01 okt 70 31 dec 70

01 jan 71 31 mrt 71

Post-ops

01 apr 71 30 jun 71 Post-ops

01 jul 71 30 sep 71

01 okt 71 31 dec 71

01 jan 72 31 mrt 72

Post-ops

01 apr 72 30 jun 72 Post-ops

01 jul 72 30 sep 72

01 okt 72 31 dec 72

01 jan 73 31 mrt 73

Post-ops

01 apr 73 30 jun 73 Post-ops

01 jul 73 30 sep 73

01 okt 73 31 dec 73

01 jan 74 31 mrt 74

Post-ops

01 apr 74 30 jun 74 Post-ops

01 jul 74 30 sep 74

01 okt 74 31 dec 74

01 jan 75 31 mrt 75

Post-ops

01 apr 75 30 jun 75 Post-ops

01 jul 75 30 sep 75

01 okt 75 31 dec 75

01 jan 76 31 mrt 76

Post-ops

01 apr 76 30 jun 76 Post-ops

01 jul 76 30 sep 76

01 okt 76 31 dec 76

01 jan 77 31 mrt 77

Post-ops

01 apr 77 30 jun 77 Post-ops

01 jul 77 30 sep 77

01 okt 77 31 dec 77

01 jan 78 31 mrt 78

Post-ops

01 apr 78 30 jun 78 Post-ops

01 jul 78 30 sep 78

01 okt 78 31 dec 78

01 jan 79 31 mrt 79

Post-ops

01 apr 79 30 jun 79 Post-ops

01 jul 79 30 sep 79

01 okt 79 31 dec 79

01 jan 80 31 mrt 80

Post-ops

01 apr 80 30 jun 80 Post-ops

01 jul 80 30 sep 80

01 okt 80 31 dec 80

01 jan 81 31 mrt 81

Post-ops

01 apr 81 30 jun 81 Post-ops

01 jul 81 30 sep 81

01 okt 81 31 dec 81

01 jan 82 31 mrt 82

Post-ops

01 apr 82 30 jun 82 Post-ops

01 jul 82 30 sep 82

01 okt 82 31 dec 82

01 jan 83 31 mrt 83

Post-ops

01 apr 83 30 jun 83 Post-ops

2083

Depreciation on Solar assets EPC Landscaping Share Price costs Permit Costs M&A Costs Development Costs Financial DD Technisch DD Juridisch DD Insurance DD Lease during construction Extra advieskosten DD Ontwikkeling lening gemeente T-Diel Camerabeveiliging [x] [x] Contingencies total CAPEX solar assets - excluding ground plot CapEx Solar Assets Useful life in PPF Useful life of solar assets flag Solar depreciation POS Solar depreciation DEVEX solar assets DevEx Solar assets Useful life periods model Useful life of DevEx flag Solar asset depreciation POS Solar asset depreciation

CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx CapEx

30.630.125 EUR 80 quarters - flag EUR EUR

- EUR 60 quarters - flag EUR EUR

Solar assets balance Sum of construction costs First operations period flag Solar asset balance BEG less Solar depreciation POS less Solar asset depreciation POS Solar asset balance

26.900.000 EUR - EUR 2.200.000 EUR - EUR - EUR 300.000 EUR 165.000 EUR 50.000 EUR 50.000 EUR 8.000 EUR - EUR 75.000 EUR 75.125 EUR - EUR - EUR - EUR 807.000 EUR

1 -

EUR EUR EUR EUR

30.630.125 - -

30.630.125 382.877 30.247.249

30.247.249 382.877 29.864.372

29.864.372 382.877 29.481.496

29.481.496 382.877 29.098.619

29.098.619 382.877 28.715.742

28.715.742 382.877 28.332.866

28.332.866 382.877 27.949.989

27.949.989 382.877 27.567.113

27.567.113 382.877 27.184.236

27.184.236 382.877 26.801.360

26.801.360 382.877 26.418.483

26.418.483 382.877 26.035.606

26.035.606 382.877 25.652.730

25.652.730 382.877 25.269.853

25.269.853 382.877 24.886.977

24.886.977 382.877 24.504.100

24.504.100 382.877 24.121.224

24.121.224 382.877 23.738.347

23.738.347 382.877 23.355.471

23.355.471 382.877 22.972.594

22.972.594 382.877 22.589.717

22.589.717 382.877 22.206.841

22.206.841 382.877 21.823.964

21.823.964 382.877 21.441.088

21.441.088 382.877 21.058.211

21.058.211 382.877 20.675.335

20.675.335 382.877 20.292.458

20.292.458 382.877 19.909.581

19.909.581 382.877 19.526.705

19.526.705 382.877 19.143.828

19.143.828 382.877 18.760.952

18.760.952 382.877 18.378.075

18.378.075 382.877 17.995.199

17.995.199 382.877 17.612.322

17.612.322 382.877 17.229.445

17.229.445 382.877 16.846.569

16.846.569 382.877 16.463.692

16.463.692 382.877 16.080.816

16.080.816 382.877 15.697.939

15.697.939 382.877 15.315.063

15.315.063 382.877 14.932.186

14.932.186 382.877 14.549.309

14.549.309 382.877 14.166.433

14.166.433 382.877 13.783.556

13.783.556 382.877 13.400.680

13.400.680 382.877 13.017.803

13.017.803 382.877 12.634.927

12.634.927 382.877 12.252.050

12.252.050 382.877 11.869.174

11.869.174 382.877 11.486.297

11.486.297 382.877 11.103.420

11.103.420 382.877 10.720.544

10.720.544 382.877 10.337.667

10.337.667 382.877 9.954.791

9.954.791 382.877 9.571.914

9.571.914 382.877 9.189.038

9.189.038 382.877 8.806.161

8.806.161 382.877 8.423.284

8.423.284 382.877 8.040.408

8.040.408 382.877 7.657.531

7.657.531 382.877 7.274.655

7.274.655 382.877 6.891.778

6.891.778 382.877 6.508.902

6.508.902 382.877 6.126.025

6.126.025 382.877 5.743.148

5.743.148 382.877 5.360.272

5.360.272 382.877 4.977.395

4.977.395 382.877 4.594.519

4.594.519 382.877 4.211.642

4.211.642 382.877 3.828.766

3.828.766 382.877 3.445.889

3.445.889 382.877 3.063.013

3.063.013 382.877 2.680.136

2.680.136 382.877 2.297.259

2.297.259 382.877 1.914.383

1.914.383 382.877 1.531.506

1.531.506 382.877 1.148.630

1.148.630 382.877 765.753

EUR flag

1.100.000 1 -

1.100.000

1.100.000 1.100.000

765.753 382.877 382.877

382.877 382.877 (0)

(0) (0)

1 -

30.630.125 EUR - flag

(0) (0)

Ground Plot Ground Plot First operations period flag Ground plot balance BEG less Residual Value payment POS Ground plot balance

EUR EUR EUR

flag

1 -

EUR EUR

Depreciable period of replacement flag

- flag

120

Replacement inverters Inverter replacement costs POS Depreciation of replacemedent costs POS

- EUR - EUR EUR

(22.597.433) - -

(140.942) -

(184.549) -

(383.767) -

(349.371) -

(92.554) -

(197.237) -

(401.809) -

(367.191) -

(114.419) -

(218.707) -

(414.916) -

(379.217) -

(124.053) -

(235.858) -

(436.107) -

(400.115) -

(138.175) -

(250.982) -

(453.322) -

(417.233) -

(152.342) -

(260.235) -

(465.875) -

(429.705) -

(163.532) -

(278.718) -

(484.499) -

(448.279) -

(181.648) -

(298.748) -

(508.022) -

(471.617) -

(193.220) -

(309.313) -

(514.838) -

(478.943) -

(211.367) -

(327.519) -

(536.210) -

(500.285) -

(223.680) -

(333.292) -

(518.474) -

(482.908) -

(234.857) -

(351.152) -

(537.002) -

(501.543) -

(248.448) -

(363.847) -

(546.223) -

(511.271) -

(265.088) -

(380.036) -

(561.805) -

(527.131) -

(280.688) -

(395.284) -

(573.825) -

(539.621) -

(298.994) -

(413.766) -

(593.060) -

CF BS

Residual Value Ground plot Last operational period flag Residual Value payment POS Residual Value payment

Depreciation of replacement costs

Replaced inverters balance Replaced inverters balance BEG Depreciation of replacemedent costs POS Replaced inverters balance

EUR EUR

CF CF

22.597.433 EUR - EUR EUR EUR

Amortization of finance costs Senior debt drawdown Junior debt drawdown Senior debt principal repayment Junior debt principal repayment Total debt drawdown Total repayments Relative depreciation potential

22.597.433 EUR EUR % of finance costs100,00 %

Sum of financing fees in construction - m Senior debt service period flag Amortization of capitalised finance costs POS Amortization of capitalised finance costs

425.491 EUR - flag EUR EUR

Finance costs balance Sum of financing fees in construction - m First operations period flag Amortization of finance costs balance BEG less Amortization of capitalised finance costs POS Amortization of capitalised finance costs balance

425.491 EUR - flag

EUR EUR EUR

140.942 0,62 %

184.549 0,82 %

383.767 1,70 %

349.371 1,55 %

92.554 0,41 %

197.237 0,87 %

401.809 1,78 %

367.191 1,62 %

114.419 0,51 %

218.707 0,97 %

414.916 1,84 %

379.217 1,68 %

124.053 0,55 %

235.858 1,04 %

436.107 1,93 %

400.115 1,77 %

138.175 0,61 %

250.982 1,11 %

453.322 2,01 %

417.233 1,85 %

152.342 0,67 %

260.235 1,15 %

465.875 2,06 %

429.705 1,90 %

163.532 0,72 %

278.718 1,23 %

484.499 2,14 %

448.279 1,98 %

181.648 0,80 %

298.748 1,32 %

508.022 2,25 %

471.617 2,09 %

193.220 0,86 %

309.313 1,37 %

514.838 2,28 %

478.943 2,12 %

211.367 0,94 %

327.519 1,45 %

536.210 2,37 %

500.285 2,21 %

223.680 0,99 %

333.292 1,47 %

518.474 2,29 %

482.908 2,14 %

234.857 1,04 %

351.152 1,55 %

537.002 2,38 %

501.543 2,22 %

248.448 1,10 %

363.847 1,61 %

546.223 2,42 %

511.271 2,26 %

265.088 1,17 %

380.036 1,68 %

561.805 2,49 %

527.131 2,33 %

280.688 1,24 %

395.284 1,75 %

573.825 2,54 %

539.621 2,39 %

298.994 1,32 %

413.766 1,83 %

593.060 2,62 %

64 425.491 (425.491)

1 -

1 2.654 (2.654)

1 3.475 (3.475)

1 7.226 (7.226)

1 6.578 (6.578)

1 1.743 (1.743)

1 3.714 (3.714)

1 7.566 (7.566)

1 6.914 (6.914)

1 2.154 (2.154)

1 4.118 (4.118)

1 7.813 (7.813)

1 7.140 (7.140)

1 2.336 (2.336)

1 4.441 (4.441)

1 8.212 (8.212)

1 7.534 (7.534)

1 2.602 (2.602)

1 4.726 (4.726)

1 8.536 (8.536)

1 7.856 (7.856)

1 2.868 (2.868)

1 4.900 (4.900)

1 8.772 (8.772)

1 8.091 (8.091)

1 3.079 (3.079)

1 5.248 (5.248)

1 9.123 (9.123)

1 8.441 (8.441)

1 3.420 (3.420)

1 5.625 (5.625)

1 9.566 (9.566)

1 8.880 (8.880)

1 3.638 (3.638)

1 5.824 (5.824)

1 9.694 (9.694)

1 9.018 (9.018)

1 3.980 (3.980)

1 6.167 (6.167)

1 10.096 (10.096)

1 9.420 (9.420)

1 4.212 (4.212)

1 6.276 (6.276)

1 9.762 (9.762)

1 9.093 (9.093)

1 4.422 (4.422)

1 6.612 (6.612)

1 10.111 (10.111)

1 9.444 (9.444)

1 4.678 (4.678)

1 6.851 (6.851)

1 10.285 (10.285)

1 9.627 (9.627)

1 4.991 (4.991)

1 7.156 (7.156)

1 10.578 (10.578)

1 9.925 (9.925)

1 5.285 (5.285)

1 7.443 (7.443)

1 10.805 (10.805)

1 10.161 (10.161)

1 5.630 (5.630)

1 7.791 (7.791)

1 11.167 (11.167)

1 -

425.491 -

425.491 425.491

425.491 2.654 422.838

422.838 3.475 419.363

419.363 7.226 412.137

412.137 6.578 405.558

405.558 1.743 403.816

403.816 3.714 400.102

400.102 7.566 392.536

392.536 6.914 385.622

385.622 2.154 383.468

383.468 4.118 379.350

379.350 7.813 371.537

371.537 7.140 364.397

364.397 2.336 362.061

362.061 4.441 357.620

357.620 8.212 349.408

349.408 7.534 341.875

341.875 2.602 339.273

339.273 4.726 334.547

334.547 8.536 326.011

326.011 7.856 318.155

318.155 2.868 315.287

315.287 4.900 310.387

310.387 8.772 301.615

301.615 8.091 293.524

293.524 3.079 290.444

290.444 5.248 285.196

285.196 9.123 276.074

276.074 8.441 267.633

267.633 3.420 264.213

264.213 5.625 258.587

258.587 9.566 249.022

249.022 8.880 240.142

240.142 3.638 236.504

236.504 5.824 230.679

230.679 9.694 220.985

220.985 9.018 211.967

211.967 3.980 207.987

207.987 6.167 201.821

201.821 10.096 191.724

191.724 9.420 182.304

182.304 4.212 178.092

178.092 6.276 171.817

171.817 9.762 162.054

162.054 9.093 152.962

152.962 4.422 148.539

148.539 6.612 141.928

141.928 10.111 131.816

131.816 9.444 122.373

122.373 4.678 117.694

117.694 6.851 110.844

110.844 10.285 100.559

100.559 9.627 90.932

90.932 4.991 85.940

85.940 7.156 78.785

78.785 10.578 68.206

68.206 9.925 58.281

58.281 5.285 52.996

52.996 7.443 45.553

45.553 10.805 34.748

34.748 10.161 24.588

24.588 5.630 18.958

18.958 7.791 11.167

11.167 11.167 0

0 0

382.877

Summary of Non-current assets Solar depreciation POS

- EUR

30.630.125

Business case Skûlenboarch – Berekening - Productie – Enber 12/02/2026 Prod Skulenboarch Model period beginning Model period ending Period phaselabel Financial year

P50

Constant

Base Case - Error chks 69 Track chgs 3 Alerts Unit

01 jan 25 31 mrt 25

01 apr 25 30 jun 25

01 jul 25 30 sep 25

01 okt 25 31 dec 25

Pre-FC

Fin Close

01 jan 26 31 mrt 26

01 apr 26 30 jun 26

01 jul 26 30 sep 26

01 okt 26 31 dec 26

01 jan 27 31 mrt 27

01 apr 27 30 jun 27

01 jul 27 30 sep 27

01 okt 27 31 dec 27

01 jan 28 31 mrt 28

01 apr 28 30 jun 28

01 jul 28 30 sep 28

01 okt 28 31 dec 28

01 jan 29 31 mrt 29

01 apr 29 30 jun 29

01 jul 29 30 sep 29

01 okt 29 31 dec 29

01 jan 30 31 mrt 30

01 apr 30 30 jun 30

01 jul 30 30 sep 30

01 okt 30 31 dec 30

01 jan 31 31 mrt 31

01 apr 31 30 jun 31

01 jul 31 30 sep 31

01 okt 31 31 dec 31

01 jan 32 31 mrt 32

01 apr 32 30 jun 32

01 jul 32 30 sep 32

01 okt 32 31 dec 32

01 jan 33 31 mrt 33

01 apr 33 30 jun 33

01 jul 33 30 sep 33

01 okt 33 31 dec 33

01 jan 34 31 mrt 34

01 apr 34 30 jun 34

01 jul 34 30 sep 34

01 okt 34 31 dec 34

01 jan 35 31 mrt 35

01 apr 35 30 jun 35

01 jul 35 30 sep 35

01 okt 35 31 dec 35

01 jan 36 31 mrt 36

01 apr 36 30 jun 36

01 jul 36 30 sep 36

01 okt 36 31 dec 36

01 jan 37 31 mrt 37

01 apr 37 30 jun 37

01 jul 37 30 sep 37

01 okt 37 31 dec 37

01 jan 38 31 mrt 38

01 apr 38 30 jun 38

01 jul 38 30 sep 38

01 okt 38 31 dec 38

01 jan 39 31 mrt 39

01 apr 39 30 jun 39

01 jul 39 30 sep 39

01 okt 39 31 dec 39

01 jan 40 31 mrt 40

01 apr 40 30 jun 40

01 jul 40 30 sep 40

01 okt 40 31 dec 40

01 jan 41 31 mrt 41

01 apr 41 30 jun 41

01 jul 41 30 sep 41

01 okt 41 31 dec 41

01 jan 42 31 mrt 42

01 apr 42 30 jun 42

01 jul 42 30 sep 42

01 okt 42 31 dec 42

01 jan 43 31 mrt 43

01 apr 43 30 jun 43

01 jul 43 30 sep 43

01 okt 43 31 dec 43

01 jan 44 31 mrt 44

01 apr 44 30 jun 44

01 jul 44 30 sep 44

01 okt 44 31 dec 44

01 jan 45 31 mrt 45

01 apr 45 30 jun 45

01 jul 45 30 sep 45

01 okt 45 31 dec 45

01 jan 46 31 mrt 46

01 apr 46 30 jun 46

01 jul 46 30 sep 46

01 okt 46 31 dec 46

01 jan 47 31 mrt 47

01 apr 47 30 jun 47

01 jul 47 30 sep 47

01 okt 47 31 dec 47

01 jan 48 31 mrt 48

01 apr 48 30 jun 48

01 jul 48 30 sep 48

01 okt 48 31 dec 48

01 jan 49 31 mrt 49

01 apr 49 30 jun 49

01 jul 49 30 sep 49

01 okt 49 31 dec 49

01 jan 50 31 mrt 50

01 apr 50 30 jun 50

01 jul 50 30 sep 50

01 okt 50 31 dec 50

01 jan 51 31 mrt 51

01 apr 51 30 jun 51

01 jul 51 30 sep 51

01 okt 51 31 dec 51

01 jan 52 31 mrt 52

01 apr 52 30 jun 52

01 jul 52 30 sep 52

01 okt 52 31 dec 52

01 jan 53 31 mrt 53

01 apr 53 30 jun 53

01 jul 53 30 sep 53

01 okt 53 31 dec 53

01 jan 54 31 mrt 54

01 apr 54 30 jun 54

01 jul 54 30 sep 54

01 okt 54 31 dec 54

01 jan 55 31 mrt 55

01 apr 55 30 jun 55

01 jul 55 30 sep 55

01 okt 55 31 dec 55

01 jan 56 31 mrt 56

01 apr 56 30 jun 56

01 jul 56 30 sep 56

Construction

Operational

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

2046

2047

2048

2049

2050

2051

2052

2053

2054

2055

2056

2057

2058

2059

2060

2061

2062

2063

2064

2065

2066

2067

2068

2069

2070

2071

2072

2073

2074

2075

2076

2077

2078

2079

2080

2081

2082

2083

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

3 31,81%

4 15,05%

1 19,70%

2 33,44%

4,0000 115,8370

100,00% -

100,00% 0,1630 0,1630

100,00% 1,0000 1,0000

100,00% 0,8370 0,1630 1,0000

100,00% 1,0000 1,0000

100,00% 0,6739 0,6739

100,00% -

1,0000

1 0,9994

2 0,9988

3 0,9981

4 0,9975

5 0,9969

6 0,9963

7 0,9956

8 0,9950

9 0,9944

10 0,9938

11 0,9931

12 0,9925

13 0,9919

14 0,9913

15 0,9906

16 0,9900

17 0,9894

18 0,9888

19 0,9881

20 0,9875

21 0,9869

22 0,9863

23 0,9856

24 0,9850

25 0,9844

26 0,9838

27 0,9831

28 0,9825

29 0,9819

30 0,9813

31 0,9806

32 0,9800

33 0,9794

34 0,9788

35 0,9781

36 0,9775

37 0,9769

38 0,9763

39 0,9756

40 0,9750

41 0,9744

42 0,9738

43 0,9731

44 0,9725

45 0,9719

46 0,9713

47 0,9706

48 0,9700

49 0,9694

50 0,9688

51 0,9681

52 0,9675

53 0,9669

54 0,9663

55 0,9656

56 0,9650

57 0,9644

58 0,9638

59 0,9631

60 0,9625

61 0,9619

62 0,9613

63 0,9606

64 0,9600

65 0,9594

66 0,9588

67 0,9581

68 0,9575

69 0,9569

70 0,9563

71 0,9556

72 0,9550

73 0,9544

74 0,9538

75 0,9531

76 0,9525

77 0,9519

78 0,9513

79 0,9506

80 0,9500

81 0,9494

82 0,9488

83 0,9481

84 0,9475

85 0,9469

86 0,9463

87 0,9456

88 0,9450

89 0,9444

90 0,9438

91 0,9431

92 0,9425

93 0,9419

94 0,9413

95 0,9406

96 0,9400

97 0,9394

98 0,9388

99 0,9381

100 0,9375

101 0,9369

102 0,9363

103 0,9356

104 0,9350

105 0,9344

106 0,9338

107 0,9331

108 0,9325

109 0,9319

110 0,9313

111 0,9306

112 0,9300

113 0,9294

114 0,9288

115 0,9281

116 0,9275

117 0,9269

118 0,9263

119 0,9256

120 0,9250

121 0,9244

1,0000

121

Total

01 okt 56 31 dec 56

01 jan 57 31 mrt 57

Post-ops

01 apr 57 30 jun 57 Post-ops

01 jul 57 30 sep 57

01 okt 57 31 dec 57

01 jan 58 31 mrt 58

Post-ops

01 apr 58 30 jun 58 Post-ops

01 jul 58 30 sep 58

01 okt 58 31 dec 58

01 jan 59 31 mrt 59

Post-ops

01 apr 59 30 jun 59 Post-ops

01 jul 59 30 sep 59

01 okt 59 31 dec 59

01 jan 60 31 mrt 60

Post-ops

01 apr 60 30 jun 60 Post-ops

01 jul 60 30 sep 60

01 okt 60 31 dec 60

01 jan 61 31 mrt 61

Post-ops

01 apr 61 30 jun 61 Post-ops

01 jul 61 30 sep 61

01 okt 61 31 dec 61

01 jan 62 31 mrt 62

Post-ops

01 apr 62 30 jun 62 Post-ops

01 jul 62 30 sep 62

01 okt 62 31 dec 62

01 jan 63 31 mrt 63

Post-ops

01 apr 63 30 jun 63 Post-ops

01 jul 63 30 sep 63

01 okt 63 31 dec 63

01 jan 64 31 mrt 64

Post-ops

01 apr 64 30 jun 64 Post-ops

01 jul 64 30 sep 64

01 okt 64 31 dec 64

01 jan 65 31 mrt 65

Post-ops

01 apr 65 30 jun 65 Post-ops

01 jul 65 30 sep 65

01 okt 65 31 dec 65

01 jan 66 31 mrt 66

Post-ops

01 apr 66 30 jun 66 Post-ops

01 jul 66 30 sep 66

01 okt 66 31 dec 66

01 jan 67 31 mrt 67

Post-ops

01 apr 67 30 jun 67 Post-ops

01 jul 67 30 sep 67

01 okt 67 31 dec 67

01 jan 68 31 mrt 68

Post-ops

01 apr 68 30 jun 68 Post-ops

01 jul 68 30 sep 68

01 okt 68 31 dec 68

01 jan 69 31 mrt 69

Post-ops

01 apr 69 30 jun 69 Post-ops

01 jul 69 30 sep 69

01 okt 69 31 dec 69

01 jan 70 31 mrt 70

Post-ops

01 apr 70 30 jun 70 Post-ops

01 jul 70 30 sep 70

01 okt 70 31 dec 70

01 jan 71 31 mrt 71

Post-ops

01 apr 71 30 jun 71 Post-ops

01 jul 71 30 sep 71

01 okt 71 31 dec 71

01 jan 72 31 mrt 72

Post-ops

01 apr 72 30 jun 72 Post-ops

01 jul 72 30 sep 72

01 okt 72 31 dec 72

01 jan 73 31 mrt 73

Post-ops

01 apr 73 30 jun 73 Post-ops

01 jul 73 30 sep 73

01 okt 73 31 dec 73

01 jan 74 31 mrt 74

Post-ops

01 apr 74 30 jun 74 Post-ops

01 jul 74 30 sep 74

01 okt 74 31 dec 74

01 jan 75 31 mrt 75

Post-ops

01 apr 75 30 jun 75 Post-ops

01 jul 75 30 sep 75

01 okt 75 31 dec 75

01 jan 76 31 mrt 76

Post-ops

01 apr 76 30 jun 76 Post-ops

01 jul 76 30 sep 76

01 okt 76 31 dec 76

01 jan 77 31 mrt 77

Post-ops

01 apr 77 30 jun 77 Post-ops

01 jul 77 30 sep 77

01 okt 77 31 dec 77

01 jan 78 31 mrt 78

Post-ops

01 apr 78 30 jun 78 Post-ops

01 jul 78 30 sep 78

01 okt 78 31 dec 78

01 jan 79 31 mrt 79

Post-ops

01 apr 79 30 jun 79 Post-ops

01 jul 79 30 sep 79

01 okt 79 31 dec 79

01 jan 80 31 mrt 80

Post-ops

01 apr 80 30 jun 80 Post-ops

01 jul 80 30 sep 80

01 okt 80 31 dec 80

01 jan 81 31 mrt 81

Post-ops

01 apr 81 30 jun 81 Post-ops

01 jul 81 30 sep 81

01 okt 81 31 dec 81

01 jan 82 31 mrt 82

Post-ops

01 apr 82 30 jun 82 Post-ops

01 jul 82 30 sep 82

01 okt 82 31 dec 82

01 jan 83 31 mrt 83

Post-ops

01 apr 83 30 jun 83 Post-ops

2083

Seasonality January February March April May June July August September October November December

4,52 % % 6,02 % % 9,16 % % 10,59 % % 11,39 % % 11,46 % % 11,95 % % 11,17 % % 8,70 % % 6,91 % % 4,36 % % 3,77 % %

Q1 generation Q2 generation Q3 generation Q4 generation

19,70 % % 33,44 % % 31,81 % % 15,05 % %

Model quarter number Power generation percentage

- # %

Availability & Degradation Availability Availability Operational period first year PPF Operational period post-first year PPF Availability factor

Degradation Degradation panel Quarterly degradation Operational period counter Degradation index

- % - factor - factor factor

0,25% % p.a. 0,0625% % per quarter - counter index

Electricity Generation Yield selection Applied annual generation Operational date flag Power generation percentag

P50 choice 41.952 MWh p.a. - flag

Business case Skûlenboarch – Berekening - Omzet – Enber 12/02/2026 Rev Skulenboarch Model period beginning Model period ending Period phaselabel Financial year

P50

9,21%

Constant

- Error chks 69 Track chgs 3 Alerts Unit

P&L

- EUR / MWh - % production PPA - MWh 1.182.057 - factor - - EUR per MWh - EUR -

1.892 -

5.461 -

7.144 -

12.120 -

11.523 -

5.538 -

7.245 -

12.292 -

11.687 -

5.742 -

7.512 -

12.744 -

12.117 -

5.838 -

7.638 -

12.958 -

12.320 -

5.900 -

7.718 -

13.094 -

12.449 -

5.952 -

7.786 -

13.209 -

12.558 -

6.011 -

7.863 -

13.341 -

12.684 -

6.099 -

7.978 -

13.535 -

12.868 -

6.056 -

7.922 -

13.440 -

12.778 -

6.117 -

8.002 -

13.576 -

12.907 -

6.063 -

7.931 -

13.456 -

12.793 -

6.101 -

7.981 -

13.541 -

12.874 -

6.066 -

7.935 -

13.462 -

12.798 -

6.073 -

7.944 -

13.478 -

12.814 -

6.051 -

7.916 -

13.430 -

12.768 -

6.068 -

7.938 -

13.468 -

12.804 -

6.027 -

7.884 -

13.376 -

12.717 -

6.037 -

7.897 -

13.398 -

12.737 -

6.021 -

7.876 -

13.362 -

12.704 -

6.005 -

7.856 -

13.327 -

12.671 -

5.989 -

7.835 -

13.292 -

12.637 -

5.974 -

7.814 -

13.257 -

12.604 -

5.958 -

7.794 -

13.222 -

12.570 -

5.942 -

7.773 -

13.187 -

12.537 -

5.926 -

7.752 -

13.152 -

12.504 -

5.911 -

7.732 -

13.117 -

12.470 -

5.895 -

7.711 -

13.082 -

12.437 -

5.879 -

7.690 -

13.047 -

12.404 -

5.863 -

7.670 -

13.012 -

12.370 -

5.847 -

7.649 -

12.977 -

8.314 -

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