St1 vision: ”To be the leading producer and seller of CO2-aware energy”

Our goal is to • Develop and commercialize functional and

environmentally sustainable solutions• Deliver these solutions profitably

Each solution must be• Technically ready for use today• Ecologically and ethically sustainable• Logistically feasible

Fossil CO2 emissions reach all time high in 2018

CO2 = €

Low carbon intensity products will win in the market place

Regions with low carbon energy will be more competitive

5/22/19 Marja Kaitaniemi6

Challenge 1: Limited infrastructure

€/MWH

27% 32% 37% 42% 47% 52% 57%

Arctic Cost of Energy

Cost of Energy –current new builds

Cost of Energy difference

The difference in Cost of Energy between a MWh of windpower in the Nordic Arctic region and new renewable electricity generation further south justifies the investment required to connect the two provided sufficient scale of new production

Davvi WindparkInstalled capacity 800 MW

Area 77,5 km2

Directly impacted area 1,1 km2

Access Roads 12,8 km

Internal Roads 113 km

Average windspeed at hub height 9,3 m/s

Production 4-5 TWh

Foto: Ola Solvang

Challenge 2: Social license