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Company Introduction & Project Highlights

Company Introduction & Project Highlights. Corporate O v erview. January 2011. Recurrent Energy: Business Overview. A leading global solar project developer helping our world find a more sustainable way to meet its energy needs

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Company Introduction & Project Highlights

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  1. Company Introduction & Project Highlights Corporate Overview January 2011

  2. Recurrent Energy: Business Overview • A leading global solar project developer helping our world find a more sustainable way to meet its energy needs • 2 GW project pipeline and 400MW portfolio of signed contracts makes us the third largest PV developer in North America • Seasoned leadership team with expertise in the conventional and renewable power business • As the primary development group for Sharp Corporation worldwide, we are a strong partner for utilities and large energy buyers • Strong technology and supply chain capabilities enable us to deliver solar generating plants at market-leading cost • 75MW on the construction calendar for 2011 plus the ability to deliver solar almost anywhere in the world • Proven access to capital through a global network of financial partners that enables us to deliver solar at any scale

  3. 2 GW Global Development Pipeline Germany Ontario France United States Israel Spain

  4. Large Contracted Portfolio Size Small Residential Commercial Distributed Central Scale Retail Wholesale/Utility STRATEGIC POSITION IN NORTH AMERICA Market Segment

  5. Generation Transmission Substation Distribution Consumption Vision: A Fleet of Solar Generating Assets • Recurrent Energy develops, builds, and operates distributed and central scale solar power systems. We sell clean electricity to utilities and large energy users at competitive prices via Power Purchase Agreements and Feed-in Tariffs. Electricity Grid 40+ MWUtilityOfftaker 5-20 MWUtilityOfftaker 2-8 MWUtilityOfftaker 1-3 MWResidential+ C&I Ground Ground Ground and Rooftop Primarily Rooftop Markets Central Scale Wholesale Distributed Generation Retail

  6. Management & Finance Team Arno HarrisCEOEnergy Innovations, Prevalent Power, WineShopper, RedEnvelope, Novo Media Group Tiffany ElliottVP, Origination and Structuring Amerex Energy Consulting, Citigroup Energy, Calpine Energy Services Judith HallSVP, General Counsel Babcock & Brown, Southern California Edison, Pacific Gas & Electric, Electric Power Research Institute Sheldon KimberSVP, DevelopmentGoldman Sachs, Calpine Corporation, Accenture Michael MetznerCFO FirstWind, Exelon, Atlantic Richfield Corporation Pat CaramanteVP, Engineering & ConstructionFirstWind, Garrad Hassan America, FPL Energy, General Electric, Con Edison NY, EBASCO, ABB Karl KnightMD, International DevelopmentRegenesis Power, GCA Savvian, Credit Suisse First Boston, DLJ Steve Finno VP, Corporate Finance Babcock & Brown, GATX Capital, Itel Corporation Fredrick Vaske VP, Project Finance SunPower Corporation, GATX Capital, USL Capital, D’Accord Financial Services  solar power  project finance  power marketing  site acquisition  development  engineering  construction  operations

  7. Recurrent Energy & Sharp Corporation Fall 2010: Recurrent Energy and Sharp Corporation announced the acquisition of Recurrent Energy by Sharp • Vision: Create a top global solar developer and generating company, leading the way in a historic transition to renewable power. • Focus: Recurrent Energy is the primary development company for Sharp Corporation worldwide. • Strength: A combined global network of finance, EPC, and technology partners to deliver solar at any scale.

  8. Projects &Pipeline

  9. 2 GW Global Development Pipeline Germany Ontario France United States Israel Spain

  10. PPA & FIT Project Highlights

  11. 170 MW of Solar Farms in Ontario 170+ MWdc Ontario Power Authority FiT 19 Projects in Total All Ground-Mount Solar 2012-2014 CODs

  12. 22 MW of Southwest Solar Farms 22 MWdc, 2 Projects Utility Offtaker Construction Under Way 2011-2012 CODs

  13. 22 MW of 80 MW: Southern California Edison 80 MWdc, Multiple Projects ~71,000 PV Modules Tracker System Part of 80 MW of Signed PPAs 2012 COD

  14. 5 MW Sunset Reservoir Project 5 MWdc ~24,000 PV Modules Above Water Reservoir Among Largest of Kind Currently Operating

  15. 4.8 MW Prologis Rooftop projects in spain 4.8 MWdc Rooftop PV Building Integrated Solution Power Sale via Spanish FIT Roofs Rented from ProLogis Currently Operating

  16. 15 MW: Kaiser Permanente 15 MWdc, Multiple Projects Rooftop, Ground, ES Sites throughout CA 2010-2011 CODs

  17. Project Finance CONTACTs Michael Metzner CFO Recurrent Energy (p) 415.501.9415 (f) 415.675.1501 (e) michael.metzner@recurrentenergy.com Fred Vaske VP Project Finance Recurrent Energy (p) 415.501.9410 (f) 415.675.1501 (e) fred.vaske@recurrentenergy.com

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