Renewable Energy Business Opportunities in the U.S. for International Firms

1. Renewable Energy Business Opportunities in the U.S. for International Firms

2. Value Proposition • Assist and partner with companies interested in entering the U.S. Renewable Energy Market • Acquire and restructure existing operating and late-stage development (i.e. shovel-ready) renewable energy projects that are current distressed; • Bid on new Utility request for proposals (“RFP”) for renewable energy projects; and • Access experienced Asset Management and Consulting Services, as required by the investor

3. The Team • Proven and accomplished energy professionals • Focused on transaction execution • Commercial, engineering, financing, tax, risk and market expertise • Deep and long-term industry relationships • Integrated knowledge of repatriation and tax treatment in Spain and the US

4. Partnerships • Compensation Structure in alignment with equity positions • Employee contracts – fixed contracts for with termination provisions • Development fee – Percent of the Project Value (i.e. turnkey EPC price) • Residual / Corporate value – Percent ownership of NewCo

5. Relationships • Utilities/Industrials • EPC • Vendors • Financial (debt financing, dev loan, credit facilities) • Morgan Stanley, Credit Suisse, RBS, West LB, HSH • Consultants • RW Beck, SL, BV, Van Scoyoc

6. Implementation Strategy • Market Overview • Overview of Capital Requirements • Financing Plan – Develop Real Project with Real Returns • Corporate Operational Expenses • Exit Strategies

7. Market Overview • $60 billion of renewable energy projects; under development, under construction or placed on hold • Credit and Tax Equity markets are on hold • Existing renewable energy developers are liquidating their projects and portfolios to raise cash • Developers have been forced to defer their development fees • EPC companies are lowering their bids to win construction projects • Equipment costs have fallen both from the vendor and on the secondary markets • Equity and distressed investors are testing the market

8. Capital Requirements • $200 Million commitment of financial resources over 36 months • $30 -$50 million in available cash to support initial investment activities, subject to senior management approval • Additional investment capital provided upon proven success • The ability to provide parent guarantees, Letters of Credit or a credit facility to support investment activities

9. Financing Plan • Utilize Financial Leverage by entering into power sales agreement with creditworthy counterparties • Utilize realistic project projections; i.e., forward commodity prices, operational and CapEx costs, and construction costs; for project structuring • Utilize federal cash incentives to support the project’s capital structure by accessing the federal grant window • Implement professional asset and construction management oversight

10. Repatriation taxes - Spain • Spain - U.S. Tax Treaty: • Distribution of Dividends from a U.S. Co. is subject to U.S. Withholding tax of 10%, but future repatriation of accumulated reserves upon liquidity is non-taxable in the U.S. • Capital gains obtained by the Spanish Co. in the sale of its shares from its’ U.S. subsidiary is non-taxable in the U.S. (except if it is considered a real estate holding company) • Spanish Corporate Tax: • Dividends from the U.S. Co. and its’ capital gains obtained from the sell of its shares are exempted in Spain if the following legal conditions are met: among others, own more then 5%of the U.S. Co. for more than one year, etc. Disclaimer: These are general guidelines, but should not be used as a fiscal advice without checking with your Tax advisor on a case by case scenario.

11. Experience • 18 years experience in government, media and public relations. • Energy, Infrastructure, Trade, Federal and State and access to leading advocacy company in the US. • 16 years experienced Renewable Energy Financial Executive • Debt Equity, Structured Finance, Mergers, Acquisitions, Divestitures, Tax and Private Equity, Venture Capital, Project Financing and Credit Arrangements, Investment Appraisal and Economic Evaluations. • 17 years experience in energy the energy industry • Risk Management, Management Consulting, Contract Negotiation, Financing, Compliance, Audit and Valuation.

12. Contact Information Alex Morales Managing Director 2961 Hunter Mill Road Suite 627 Oakton, VA 22124 Tel.: 703.273.0391 Cell: 703.789.1124