Post globe 2010 sky power

Presentation for:

Ontario Meets The WorldPost Globe 2010

SkyPower Limited March 2010

SkyPower Builds Canada’s First Utility Scale Solar Project

SkyPower is the leading developer of solar energy projects in Canada with an extensive pipeline at various stages of development representing hundreds of MW of potential nameplate capacity.

• SkyPower prospects, develops, manages, finances, builds, owns and operates solar energy projects from initial discovery stages through to commercial operation.

• In November 2009, the CIM Group acquired SkyPower’s solar development assets from the Lehman Brothers Estate

• SkyPower continues to develop and grow its extensive solar development portfolio in Ontario Arizona and Israel.

Developed & Built Canada’s first fully operational solar farm – First Light 1 (9.1 MW)(In Stone Mills, Ontario, Canada)

Established in 1994, CIM is a real estate and infrastructure private equity firm investing in and

managing urban real estate and infrastructure projects throughout North America.

• Identified and capitalized on North American urbanization trends.

• Community focused investment strategy in CIM Qualified Communities.

• 206 employees, 149 professionals, 11 principals (including three founders).

• $6.6 billion committed and invested, $5.1 billion equity under management.

• Family of 6 institutional funds under management:

• Opportunistic: FRIT & Others, CIM I: CIM California Urban Real Estate Fund, CIM II:

CIM Urban Real Estate Fund, CIM III: CIM Fund III

• Stabilized: CIM IV: CIM Urban REIT

• Infrastructure: CIM V: Infrastructure Fund

• Infrastructure focus serving Qualified Communities: Energy, Utilities and Natural

Resources, Social Services and Facilities, Transportation, and Communications.

Corporate Overview – CIM Group

- C o n f i d e n t i a l -

Overview – CIM Infrastructure Portfolio Summary

CIM V: Infrastructure Fund Portfolio

Investment Description Region Status Resource / Capacity

Water Storage Project CA, USA Under Construction/Development 500,000 acre-feet capacity

Water Storage Project CA, USA Entitlement 500,000 acre-feet capacity

Wind Power Project CA, USA Partially Monetized 300 MW

Solar Power Project CA, USA Entitlement 20 MW

Water Rights CA, USA Development/Entitlement 13,068 acre-feet

Solar Development Company Canada Operating Company 9 MW operating with 521 MW pipeline

Overview – CIM

• Demand for electricity continues to increase overtime.

• Summer months have peak demand with air conditioner loading.

• Ontario needs more renewable energy to meet our 2025 targets.

• We need alternative ways to generate electricity that help offset peak demand while improving air quality.

• SOLAR ENERGY:

– Maximum solar energy production coincides with peak demand times.

– The sun provides a virtually unlimited supply of energy.

The Ontario Energy Market

ONTARIO PROVIDES A STRONG FUTURE FOR SOLAR ENERGY INVESTMENTS

• Solar energy is clean, renewable, quiet, reliable, and passive.

• The PV panels are mounted in flat, unobstructed locations with a low profile.

• Solar energy creates jobs and benefits the local economy.

• Solar energy is generated locally and distributed on the existing local grid.

• A 10 MW solar project will displace approximately 10,000 tons of CO2

equivalents a year.

The Benefits of Solar

SOLAR ENERGY POWERS THE WORLD FOR CLEANER GENERATIONS TO COME

How Photovoltaics Work

1. Sunlight contacts the solar photovoltaic (PV) panel.2. The electrons in the cells move about, creating direct current (DC) electricity.3. DC energy is converted into alternating current (AC) electricity using an inverter.4. AC electricity is supplied to the power grid.5. Electricity is distributed for use in local homes and businesses.

First Light 1

First Light is Canada’s first fully operational solar project.

Joint Venture Partners SkyPower and SunEdison activated First Light on September 28, 2009.

• 9.1 MW nameplate capacity• Located on 90 acres of land in Stone Mills, Ontario• Will generate enough electricity to power almost 1,000 homes• Displaces almost 8,000 metric tons of CO2 (equivalent of 1,800 cars)

Norfolk, Ontario SunE Sky Park I & Park II

Joint Venture Partners SkyPower and SunEdison Started Construction on Two Additional Utility Scale Solar Projects on March 25, 2010.

• Together they are expected to generate over 19 million KWh in their first

year of operation and almost 400 million kWh after 20 years.

• Enough electricity to power 33,000 homes and cut over 250 thousand

metric tons of CO2 emissions from the environment.

Meeting Ontario’s Green Energy Goals

Ontario’s Renewable Companies Require:

• Manufacturing Facilities of Solar Panels In Ontario

• Foreign Investment Into Ontario Developers (Equity & Debt)

• Partnerships Between Ontario Renewable Companies

and Companies in Sunny Places Around the World

Thank YouFor further information, please contact:

Kerry Adler

President & Chief Executive Officer

kerry.adler@skypower.com

416-979-4625

Hando Kang

Senior Director,

Government Relation & Communications

handok@skypower.com

416-979-4625