ISOLUX´s SPV Division

SOLAR PHOTOVOLTAIC DIVISION

Building the presentShaping the future

1. COMPANY HIGHLIGHTS

3

1928 CORSÁN

CORVIAM

1933 ISOLUX

WAT

2004

€ 3 Billion annual revenues

€ 25.8 Billion Portfolio

€ 10.6 Billion annual Contracting

8,000 Employees

MAIN FIGURES 2009

The Largest Unlisted Spanish Group in the sector

Grupo Isolux Corsán| Company Highlights

4

Active presence in 25 countries

8 main international

branches

America (9)ArgentinaBrazilChile EcuadorGuatemalaMexicoNicaraguaPeruUnited States

Europe(5)ItalyPolandPortugalRomaniaSpain

Africa (7)Algeria AngolaEq. GuineaGabonMauritaniaMoroccoMozambique

Asia (4)IndiaJordanQatarSyria

Grupo Isolux Corsán| Company Highlights

5

IN 2006 83 % / 17 % IN 2007 48 % / 52 % IN 2008 37 % / 63 % IN 2009 15 % / 85 %

MARKET %NATIONAL / INTERNATIONAL

73% 84% 48% 37%15%

27%16%

52%

63% 85%

0

2.000

4.000

6.000

8.000

10.000

12.000

2005 2006 2007 2008 2009

Nacional Internacional

PROGRESS OF CONTRACTING

117144

191

252 255

7,4% 7,4%

7,9%

7,6%

8,4%

6,8%

7,3%

7,8%

8,3%

8,8%

0

50

100

150

200

250

300

2005 2006 2007 2008 2009

EBITDA Margen EBITDA

118%

EBITDA

10,653

8,843

5,105

2,576 2,080

(In Million Euros)

Grupo Isolux Corsán| Main financial figures

6

68% 69% 60% 43% 21%32% 31%

40%

57%

79%

0

5.000

10.000

15.000

20.000

25.000

30.000

2005 2006 2007 2008 2009

Nacional Internacional

11% 19% 23% 22%43%

89%81%

77%

78% 57%

0

500

1.000

1.500

2.000

2.500

3.000

3.500

2005 2006 2007 2008 2009

Internacional Nacional

1,583

1,941 2,415

3,317 3,018

Operation revenues

Portfolio

5,614 6,375 9,474

15,565

25,839

International

National

(In Million Euros)

Grupo Isolux Corsán| Main financial figures

7

CONCESSIONS

CONSTRUCTION

ENGINEERING AND

INDUSTRIAL

SERVICES

RENEWABLE

ENERGIES

Grupo Isolux Corsán| Business Areas

2. RENEWABLE ENERGIES

9

Main shareholde

r

Renewable energies| Biofuel

Production and marketing of Biofuels through 2 plants owned of 600,000 Tn/year in Castellón and 300,000 Tn/year in Galicia

Construction of turnkey biofuel production plants The Plant of

Castellón is the largest in

Europe

10

Renewable energies| Solar Energy

Main shareholder

EPC – Solar PV Plants Factory of PV solar panels (T-Solar) Ownership of solar farms and energy vendor

Number 1 in Spain A WORLD LEADER

11

ISOLUX CORSÁN BIDS FOR PHOTOVOLTAIC SOLAR

ENERGY

http://www.google.es/imgres?imgurl=http://www.bluefront.com/newsletter/images/0808/bigstockphoto_Power_At_Dawn_466646.jpg&imgrefurl=http://www.bluefront.com/newsletter/archive/newsletter_0808_02.html&usg=__Y4TDIna-wI0yydSEQUZklvJR43s=&h=664&w=900&sz=124&hl=es&start=15&zoom=1&tbnid=3t_e9ps9MW-reM:&tbnh=108&tbnw=146&prev=/images?q=power+transmission+lines&um=1&hl=es&sa=N&rlz=1T4GGLR_esES310ES310&tbs=isch:1&um=1&itbs=1

2.1.- 2007-2010 EPC PROJECTS

13

TOTAL EPC EXECUTED / UNDER CONSTRUCTION:• OTHER PROJECTS 2007-2008: 7,3MW• T-SOLAR PROJECT 2008: 137MW• PROJECTS 2009: 26,29MW• PROJECTS 2010: 97,06MW

TOTAL EPC REFERENCES: 267MW

Renewable energies| Solar Energy: SUMMARY

14

Renewable energies| Solar Energy: T- Solar Project 2008Solar Farm Province

Nominal capacity (MW)

Peak power (MW)

Arnedo Logroño 30,0 33,615Elduayen Badajoz 10,0 11,5Almodóvar del Rio Cordoba 8,6 9,5El Carpio Córdoba 8,5 9,5Morita I-IV Córdoba 7,5 8,6Veguilla I-V Córdoba 7,0 8,0Archidona I (5 Plants) Málaga 6,5 7,3Alcolea - Lancha I-III Córdoba 5,6 6,4Fuentes de Valdepero Palencia 4,0 4,5Pozal de Gallinas Valladolid 4,0 4,5Pozohondo Albacete 3,5 4,0El Carpio - BuenaVista I-II Córdoba 3,1 3,6Poza Córdoba 3,1 3,5Sigüenza Guadalajara 3,0 3,4Pozocañada Albacete 2,9 3,3Castillo de Alcolea I-II Córdoba 2,5 2,8Parque Solar Huerto Son Falconer, S.L. Palma Mallorca 2,2 2,4Medina de las Torres Badajoz 2,0 2,3Mogan Tenerife 1,5 1,7Los Mochuelos Jaén 1,1 1,2Espejo Córdoba 1,1 1,3La Seca Valladolid 1,0 1,1Talayuela Cáceres 0,9 1,0Les Trencades Castellon 0,7 0,8Tarifilla Sevilla 0,6 0,7Madrigal Ávila 0,4 0,5

28 Farms 121,37 MW 137 MW

€ 900 million

investment

15

| Team Work

CENTRALIZED COORDINATION OF THE PROJECT

ALL DEPARTMENTS INVOLVED:

RESOURCES FINANCE AND ADMINISTRATION BUSINES DEVELOPMENT ENERGY ENVIRONMENT INSTALLATIONS/FACILITIES TELECOMMUNICATIONS

16

FINANCING:

BBVA arranged the financing for 23 parks Senior Debt: € 700 M Equity: € 125 M VAT Debt: € 112 M Guarantee Facility: € 50 M Leverage: 85/15 12 banks participated in the initial financing and 13 more participated

in the subsequet syndication .

Caixa Nova and Caja Navarra financed 3 other parks . Senior Debt: € 60 M Equity: € 15 M VAT Debt: €9 M Leverage : 80/20

EUROPEAN SOLAR PROJECT 2008

| Effort

17

Renewable energies| Solar Energy

Nominal power 30 MW Annual production 43,845 MWh Annual avoided emissions: CO2 43,000 t/n SO2 317 t/n NOx 235 t/n Used area 70 hectares First step of the project 2008 / 03 / 05 First operation date 2008 / 09 /12 Construction record period 6 MONTHS

One of the biggest solar farms in operation: ARNEDO SOLAR FARM (SPAIN)

18

Renewable energies| Solar Energy:Other Projects 2007-2010

Solar Farm ProvincePeak power

(MW) CLIENTDONADIO JAEN 1,9

EJEA DE LOS CABALLEROSZARAGOZA 2,98

MIRAFLORESZARAGOZA 0,11

MAMPELZARAGOZA 0,1

GALLIZO LAFITAZARAGOZA 0,56

EXEA VERDEZARAGOZA 0,98

PS-FRAGA HUESCA 0,12TS-TAMARITE HUESCA 0,12LOPORZANO AMPLIACION HUESCA 0,21FRAGA HUESCA 0,22HUESCA ROOFTOP HUESCA 0,03CUBIERTA T-SOLAR ORENSE 0,216 T-SOLARCUBIERTA AUTONOMA MADRID 0,937 T-SOLARSAELICES CUENCA 11,4 T-SOLARAMPLIACION ALMODOVAR CORDOBA 1,1 T-SOLARAMPLIACION EL CARPIO CORDOBA 1,7 T-SOLARAMPLIACION VEGUILLA CORDOBA 2,6 T-SOLARFUENTEALAMO SOLAR IV MURCIA 8,1 GA-SOLARCOLEGIOS MALAGA MALAGA 0,3 MALAGA MUNIC.RUSSO MICHELE LESINA 0,98 T-SOLARTARTAGLIA 1 APRICENA 0,628 T-SOLARTARTAGLIA 3 APRICENA 0,98 T-SOLARTARTAGLIA 5 APRICENA 0,78 T-SOLARCURSIO GIUSEPPE APRICENA 0,99 T-SOLAR

LARONGATORREMAG. 0,95 T-SOLAR

COSTANTINO PARADISOTORREMAG. 0,99 T-SOLAR

CELESTE MARIATORREMAG. 0,85 T-SOLAR

CAMPANIA NAPOLI 20,4 SUNEDISONROVIGO ROVIGO 69,5 SUNEDISON

29 Farms 130 MW

2010 Award: ROVIGO SOLAR FARM

(ITALY) - 69,5 MWTHE BIGGEST SOLAR

FARM IN EUROPE

19

ROVIGO

Renewable energies| Solar EnergyThe biggest solar plant in Europe: ROVIGO SOLAR FARM (ITALY)

Peak power 69,5 MW Annual production 78,587 MWh Annual avoided emissions:

CO2 41,000tons Equivalent consumption:

17.150homes Used area 85 hectares First step of the project March 2010

2.2.- INSTALLATION HIGHLIGHTS

21

ALCOLEA

MAIN FEATURES

Occupied area 196,760 m2

Slope 25º

Direction 0º south

Altitude 147 m

Nominal Power 8,10 MWn

Peak Power 9,26 MWp

Number of modules 53,424

Distribut. Co Sevillana

Execution Period 6 months

Electr. Produced 14,781,690 KWh/year

Equivalent consump. 4,562 homes

Number of inverters 54 x 100 + 24x100 +3x90 + 1x80

Structure Type Fixed

CTs no. 13 CTs

CO2 emissions saved 11,736 Tm

8.10MW

SOLAR PV PLANT ALCOLEA MUNICIPALITY: ALCOLEA / PROVINCE: CÓRDOBA / REGION:

ANDALUCÍA

22

ALMODOVAR

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 94 m


Peak Power 9,49 MWp





Equivalent consump. 4,424 Homes

Number of inverters 43 x 100


CTs no. 8 CTs


8.60MW

SOLAR PV PLANT ALMODOVAR MUNICIPALITY: ALMODOVAR DEL RÍO/ PROVINCE: CÓRDOBA /

REGION: ANDALUCÍA

23

ARCHIDONA

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 660 m

Nominal Power 6.50 MWn

Peak Power 7.31 MWp








CTs no. 11 CTs


6.50 MW

SOLAR PV PLANT ARCHIDONA MUNICIPALITY: ARCHIDONA/ PROVINCE: MÁLAGA / REGION:

ANDALUCÍA

24

ARNEDO

30.00 MW

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 733 m


Peak Power 34.15 MWp


Distribut. Co Iberdrola




Number of inversors 100 x 100


CTs no. 52 CTs


SOLAR PV PLANT ARNEDO MUNICIPALITY: ARNEDO/ PROVINCE: LOGROÑO / REGION: LA RIOJA

25

EL CARPIO

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 126 m








Number of inverters 85x100 + 31x99 + 1x45


CTs no. 14 CTs

CO2 emissions saved 16,935.8 Tm11.61MW

SOLAR PV PLANT EL CARPIO MUNICIPALITY: EL CARPIO/ PROVINCE: CÓRDOBA / REGION: ANDALUCIA

26

ELDUAYEN

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 283 m

Nominal Power 10.000MWn







Number of inverters 33x100 + 1x100


CTs no. 17 CTs


10.00MW

SOLAR PV PLANT ELDUAYEN MUNICIPALITY: VALVERDE DE MÉRIDA/ PROVINCE: BADAJOZ /

REGION: EXTREMADURA

27

ESPEJO

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 420 m


Peak Power 1.34 MWp




Electr. Produced 1,969,284.9 KWh/year

Equivalent consump. 608 homes

Number of inverters 12x100 + 1x50


CTs no. 1 CTs

CO2 emissions saved 1,627.2 Tm1.13MW

SOLAR PV PLANT ESPEJO MUNICIPALITY: ESPEJO/ PROVINCE: CÓRDOBA / REGION: ANDALUCÍA

28

FUENTES DE VALDEPEROMAIN FEATURES


Slope 30º

Direction 0º South

Altitude 770 m


Peak Power 4.48 MWp








CTs no. 20 CTs


4.00MW

SOLAR PV PLANT FUENTES DE VALDEPERO MUNICIPALITY: FUENTES DE VALDEPERO/ PROVINCE: PALENCIA/ REGION:

CASTILLA Y LEÓN

29

LA POZA

3.06 MW

MAIN FEATURES


Slope Follower

Direction Follower

Altitude 630 m


Peak Power 3.46 MWp






Number of inverters 30x99+1x90

Structure Type Follower

CTs no. 5 CTs

CO2 emissions saved 4,449.6 Tm

SOLAR PV PLANT LA POZA MUNICIPALITY: FUENTE OBEJUNA/ PROVINCE: CÓRDOBA / REGION:

ANDALUCÍA

30

LA SECAMAIN FEATURES

Occupied area 42,212m2

Slope 30º

Direction 0º South

Altitude 977 m


Peak Power 1.13 MWp








CTs no. 5 CTs


0.96MW

SOLAR PV PLANT LA SECA MUNICIPALITY: LA SECA/ PROVINCE: VALLADOLID / REGION: CASTILLA Y

LEÓN

31

LES TRENCADES

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 120 m


Peak Power 0.80 MWp








CTs no. 7 CTs


0.70MW

SOLAR PV PLANT LESTRENCADES MUNICIPALITY: ONDA/ PROVINCE: CASTELLÓN / REGION: VALENCIA

32

LOS MOCHUELOS

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 900 m


Peak Power 1.23 MWp








CTs no. 2 CTs


1.10MW

SOLAR PV PLANT LOS MOCHUELOS MUNICIPALITY: CHICLANA DE SEGURA/ PROVINCE: JAÉN / REGION:

ANDALUCÍA

33

MADRIGAL

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 800 m


Peak Power 0.52 MWp




Electr. Produced 753,558 KWh/Year

Equivalent consump. 223 Homes



CTs no. 3 CTs

CO2 emissions saved 633.6 Tm

0.44 MW

SOLAR PV PLANT MADRIGAL MUNICIPALITY: MADRIGAL DE LAS ALTAS TORRES/ PROVINCE: ÁVILA /

REGION: C. Y LEÓN

34

MEDINA DE LAS TORRES

2.00MWMAIN FEATURES


Slope 30º

Direction 0º South

Altitude 518 m


Peak Power 2.28 MWp




Electr. Produced 6,739,920 KWh/Year




CTs no. 4 CTs

CO2 emissions saved 5,760Tm

SOLAR PV PLANT MEDINA DE LAS TORRES MUNICIPALITY: MEDINA DE LAS TORRES / PROVINCE: BADAJOZ /

REGION: EXTREMADURA

35

MOGAN BACOL

1.52 MW MAIN FEATURES


Slope 25º

Direction 0º South

Altitude 107 m


Peak Power 1.67 MWp


Distribut. Co Unelco


Electr. Produced 2,914,427.5 KWh/Year


Number of inverters 14x100 +1x75 +1x50


CTs no. 16 CTs


SOLAR PV PLANT MOGAN BACOL MUNICIPALITY: ARICO / PROVINCE: TENERIFE/ REGION: CANARIAS

36

MORITA7.52 MW

MAIN FEATURES


Slope 25º

Direction 0º South

Altitude 341 m


Peak Power 8.70 MWp






Number of inverters 36x100 +36x99 +4x90


CTs no. 12 CTs

CO2 emissions saved 10,886.4Tm

SOLAR PV PLANT MORITA MUNICIPALITY: AGUILAR DE LA FRONTERA / PROVINCE: MÁLAGA /

REGION: ANDALUCÍA

37

POZAL DE GALLINAS

4.00MW

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 737 m


Peak Power 4.50 MWp








CTs no. 20 CTs


SOLAR PV PLANT POZAL DE GALLINAS MUNICIPALITY: POZAL DE GALLINAS / PROVINCE: VALLADOLID / REGION:

CASTILLA Y LEÓN

38

POZOCAÑADA

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 833 m


Peak Power 3.34 MWp








CTs no. 5 CTs


2.90MW

SOLAR PV PLANT POZOCAÑADA MUNICIPALITY: CHINCHILLA DE MONTEARAGÓN / PROVINCE: ALBACETE / REGION:

C. LA MANCHA

39

POZOHONDO

3.50MW MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 860 m


Peak Power 3.99 MWp








CTs no. 6 CTs


SOLAR PV PLANT POZOHONDO MUNICIPALITY: POZOHONDO / PROVINCE: ALBACETE / REGION: C. LA

MANCHA

40

SON FALCONER

2.20MW

MAIN FEATURES


Slope 25º

Direction 0º South

Altitude 88 m


Peak Power 2.36 MWp


Distribut. Co Gesa-Endesa






CTs no. 22 CTs


SOLAR PV PLANT SON FALCONER MUNICIPALITY: MARRATXI / PROVINCE: PALMA DE MALLORCA / REGION:

BALEARES

41

TALAYUELA

MAIN FEATURES


Slope 25º

Direction 0º South

Altitude 286 m


Peak Power 1.05 MWp








CTs no. 5 CTs


0.90 MW

SOLAR PV PLANT TALAYUELA MUNICIPALITY: TALAYUELA / PROVINCE: CÁCERES / REGION:

EXTREMADURA

42

TARIFILLA

0.60 MW

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 630 m


Peak Power 0.67 MWp




Electr. Produced 934,074 KWh/year


Number of inverters 6x100


CTs no. 1 CTs

CO2 emissions saved 864Tm

SOLAR PV PLANT TARIFILLA MUNICIPALITY: LOS MOLARES / PROVINCE: SEVILLA / REGION:

ANDALUCÍA

43

VEGUILLA

7.04MW

MAIN FEATURES


Slope 30º

Direction 0º South

Altitude 167 m


Peak Power 8.02 MWp






Number of inverters 67x100+3x90 +1x75


CTs no. 12 CTs


SOLAR PV PLANT VEGUILLA MUNICIPALITY: MONTORO / PROVINCE: CÓRDOBA / REGION:

ANDALUCÍA

44

SIGÜENZA

1,100MW

3,000MW

MAIN FEATURES

Occupied area 104.700 m2

Slope 30º

Direction 0º South

Altitude 950 m


Peak Power 3,48984 MWp






Number of inverters 30x100


CTs no. 15 CTs

CO2 emissions saved 4,320,00 Tm

SOLAR PV PLANT SIGÜENZA MUNICIPALITY: SIGÜENZA / PROVINCE: GUADALAJARA / REGION:

CASTILLA LA MANCHA

45

SOLAR PV PLANT AUTONOMA UNIVERSITY MUNICIPALITY: MADRID / PROVINCE: MADRID / REGION: MADRID

MAIN FEATURES

Occupied area 199.155m2

Slope 5º (Roof)15º (Parking Lot)

Direction 25º SE

Altitude 728/m


Peak Power 0.9376MWp



Execution Period 5,5 months

Electr. Produced 1.313.270 KWh/year


Number of inverters 10


CTs no. 2 CTs

CO2 emissions saved 1,140,32 Tons

AUTONOMA UNIVERSITY

0.85 MW

46

SOLAR PV PLANT SAELICES MUNICIPALITY: SAELICES/ PROVINCE: CUENCA / REGION: CASTILLA LA MANCHA

MAIN FEATURES

Occupied area 57.00ha.

Slope 30º

Direction SOUTH

Altitude 728m

Nominal Power 10MWn

Peak Power 11,016MWp

Number of modules 129.600




Equivalent consump. 5,045.63 Homes


Structure Type Fix

CTs no. 20 CTs

CO2 emissions saved 14,103,96 Tons

SAELICES

10 MW

47

SOLAR PV PLANT FUENTEALAMO MUNICIPALITY: FUENTE ALAMO / PROVINCE: MURCIA / REGION: MURCIA

MAIN FEATURES

Occupied area 33ha

Slope 30º

Direction SOUTH

Altitude 128/m

Nominal Power 7MWn

Peak Power 8.06MWp






Number of inverters 14 x 500kW

Structure Type 1 Axis Tracking

CTs no. 7 CTs

CO2 emissions saved12,513.56 tons

FUENTE ALAMO

7.0 MW

48

SOLAR PV PLANT TSOLAR MUNICIPALITY: S. CIBRAO / PROVINCE: ORENSE/ REGION: GALICIA

MAIN FEATURES


Slope 15º (Roof)15º (Parking Lot)

Direction 6ºNS

Altitude 691/m


Peak Power 0.216MWp


Distribut. Co Union Fenosa

Execution Period 2,5 months

Electr. Produced 258,218.37 KWh/year



Structure Type Fix

CTs no. 1 CTs


TSOLAR

0.200 MW

49

ROVIGO

MAIN FEATURES

Occupied area 850,000 sqm

Slope 12º

Direction 10.20ºSW

Altitude 3 m


Peak Power 69.5MWp


Distribut. Co TERNA


Electr. Produced 78,587 MWh

Equivalent consump. 17.150 Homes


Structure Type Fix

CTs no. 30 CTs

CO2 emissions saved 41,000 Tons

SOLAR PV PLANT ROVIGO MUNICIPALITY: S. BELLINO - CASTELGUGLIELMO / PROVINCE: ROVIGO / REGION:

VENETO, ITALY

69.5 MW

50

CAMPANIA

MAIN FEATURES

Occupied area 495,000 sqm

Slope 30º

Direction 0º

Altitude 32 m


Peak Power 20.42MWp

Number of modules 88.200

Distribut. Co TERNA


Electr. Produced 25,560 MWh

Equivalent consump. 6.250 Homes


Structure Type Fix

CTs no. 18

CO2 emissions saved 15,000 TonsSOLAR PV PLANT CAMPANIA MUNICIPALITY: / PROVINCE: NAPOLI / REGION: CAMPANIA, ITALY

18.00 MW

51

THANKS FOR YOUR ATTENTION !