1 Introduction..………………………………………… 4

2 PV in Spain..….......................................... 5

3 PV in Andalusia........................................ 6

4 Andalusia’s PV advantages.………………..…. 7

5 R&D centres & industrial parks…...………… 9

6 Investor companies…....………………………… 11

7 Investment incentives ………..…..…………… 13

8 Investor services ……..….......................... 14

CONTENTS

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Almeria

Malaga Cadiz

Huelva

Seville

Cordoba

Granada

Jaen

1. ANDALUSIA IS AN EXCELLENT LOCATION FOR BUSINESS IN SPAIN & EUROPE

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EXCELLENT INFRASTRUCTURE

• 10 commercial ports

• 5 international airports

• High-speed train links

• Extensive motorway network

ANDALUSIA HAS A LARGE AND COMPETITIVE ECONOMY

• It is Europe’s 2nd largest region (>87,000 km2).

• It is Spain’s most-populated region (8.2 million).

• It has a workforce of nearly four million.

• Its GDP measures nearly €150 billion across more than 500,000 companies.

2. SPAIN REMAINS A TOP EUROPEAN LOCATION FOR THE PV INDUSTRY

Spain has the second-highest level of installed PV capacity in Europe, both in absolute terms and on a per-capita basis.

After slowing down in 2009, the rate of new PV capacity installation increased in 2010 with almost 400 MW of new new grid-connected PV in 2011.

Source: EurObserver 2010

5

5

5

10

17

32

34

44

52

76

120

0 20 40 60 80 100 120 140

Austria

France

Greece

Portugal

Italy

EU27-average

Belgium

Czech Rep.

Luxembourg

Spain

Germany

PV power per inhabitant in W

37

55

64

102

289

363

466

587

1,032

3,442

9,830

0 2000 4000 6000 8000 10000

Austria

Greece

Netherlands

Portugal

France

Belgium

Czech Rep.

EU-27 average

Italy

Spain

Germany

Cumulated PV capacity in EU 2009 in MW

Source: Spanish Ministry for Industry, Tourism and Commerce

16 21 27 37 58 160

695

3,400 3,442

3,808

0

500

1000

1500

2000

2500

3000

3500

4000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Total nominal PV capacity installed in Spain (MW)

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3. ANDALUSIA REMAINS A LEADING SPANISH REGION FOR THE PV INDUSTRY

Andalusia had nearly 750 MW of installed PV capacity at the end of 2010. Similar to the rest of Spain, new installations came to stop in 2009. However, new installations increased by 12% in 2010 reflecting the overall recovery of the market.

The region has 16 PV plants with more than 5 MW capacity and 18 PV plants with a power range between 1-5 MW in operation.

1 1 2 5 26

86

154

660 663

741

0

100

200

300

400

500

600

700

800

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Total MW installed in Andalusia

1

3

9

17

38

62

80

126

128

135

206

218

224

345

395

468

741

836

0 200 400 600 800 1000

Asturias

Cantabria

Galicia

Basque Country

Madrid

Balearic Islands

La Rioja

Navarre

Canary Islands

Aragon

Catalonia

Valencia

Spain Average

Murcia

Castile and León

Extremadura

Andalusia

Castile-La Mancha

Cumulated PV power 2010 by region

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Source: Spanish Ministry for Industry, Tourism and Commerce

4. PV PLAYS AN IMPORTANT ROLE IN ANDALUSIA’S ENERGY MARKET

Wind Energy 72%

Photovoltaic 17%

Solar Thermal

6%

Biomass 5% As the sunniest region in Europe, Andalusia’s climate

creates huge potential for PV generation.

PV power is the second most important renewable energy source in the region after wind energy.

Andalusia offers access to both the European Union and the emerging North African markets.

SEVILLE 24%

CORDOBA 22%

GRANADA 11%

JAEN 11%

ALMERIA 10%

HUELVA 8%

CADIZ 8%

MALAGA 6%

SEVILLE 163.4 MW

CORDOBA 164.0 MW

JAEN 72.8 MW

ALMERIA 73.0 MW

GRANADA 84.0 MW

MALAGA 43.2 MW

CADIZ 55.3 MW

HUELVA 64.2 MW

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Share of installed capacity by major renewable energy types

Share of installed PV capacity by major Andalusian city regions

Source: Spanish Ministry for Industry, Tourism and Commerce

4. ANDALUSIA HAS AVAILABLE & AFFORDABLE LABOUR FOR NEW INVESTMENTS

Source: INE

8

0,6

1,1

5

9,9

10,9

18,9

20,1

22,9

26

27,6

34,9

45,1

46,5

54,4

58,4

123,4

136,8

158,3

206,3

0 50 100 150 200

Melilla

Ceuta

La Rioja

Navarre

Cantabria

Balearic Islands

Extremadura

Murcia

Aragon

Asturias

Castile-La Mancha

Castile and León

Basque Country

Galicia

Canary Islands

Valencia

Madrid

Catalonia

Andalusia

Unemployed with higher education 2011 (thousands)

26.892

29.194

29.707

29.991

30.025

30.058

30.103

31.968

32.609

33.248

33.449

33.544

33.998

35.970

36.083

38.224

40.552

42.854

20000 25000 30000 35000 40000 45000

Extremadura

Canary Islands

La Rioja

Galicia

Valencia

Murcia

Castile-La Mancha

Andalusia

Balearic Islands

Spain (average)

Castile and León

Cantabria

Aragon

Asturias

Navarre

Catalonia

Basque Country

Madrid

Regional labour costs in the industrial sector (€/ year)

SEVILLE

ALMERIA

5. ANDALUSIA IS STRONGLY COMMITTED TO RESEARCH AND DEVELOPMENT IN PV

ANDALUCIAN INSTITUTE OF RENEWABLE ENERGIES (IAER) IAER combines research groups involved in renewable energies at the ten Andalusian universities and works with companies on projects such as developing better components at lower cost.

TWO REGIONAL INSTITUTES ENABLE COLLABORATIVE R&D AND TESTING FOR PV ENERGY PROJECTS

ADVANCED TECHNOLOGICAL CENTRE OF RENEWABLE ENERGIES

(CTAER) CTAER was established by the Andalusian government in order to collaborate with industrial partners in the development of renewable energy technologies. It has a solar division in Almeria.

It has also been constructing a solar testing platform in the area.

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10

6 10

2. Industrial Park Soland (Sanlúcar La Mayor, Seville)

Location: On the A-49, ca. 20 km west of Seville

Land owner: IDEA Agency/Sanlúcar Town Council

Availability of industrial land: Phase 1: 30 Ha.; Phase 2: 170 ha

3. Carboneras Port (Almeria)

Location: 15 km off the A-7, ca. 50 km east of Almeria

Land owner: Carboneras Town Council

Availability of industrial land: Plot P-2: 33 Ha.; Plot P-1: 25 ha

1. Industrial Park La Palmosilla (Alcalá de los Gazules, Cadiz)

Location: 1 km off the A-381, ca. 40 km southeast of Cadiz

Land owner: EPSA (Public Company of Land Andalusia)

Availability of industrial land: 30 ha

5. ANDALUSIA HAS INDUSTRIAL LAND REQUIRED BY INVESTORS

SEVILLE

CADIZ

ALMERIA

2. INDUSTRIAL PARK SOLAND

1. INDUSTRIAL PARK LA PALMOSILLA

3. CARBONERAS PORT

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6. SEVERAL PHOTOVOLTAICS COMPANIES HAVE A PRESENCE IN ANDALUSIA

TerraSun L.L.C. has developed an innovative photovoltaic module combining holographic optics with conventional solar cell technology.

This company offers services and products based on state-of-the-art electronic technology, specialising in photovoltaic inverters. Over 100 MW of installed power.

Active in metallic structures manufacturing and assembly

Thin film modules factory located in Puerto Real, Cadiz, with a production capacity of 40 MW/year (500,000 amorphous silicon panels of 80W).

Located in Malaga with 200 MW capacity of photovoltaic cells & modules manufacturing. Offers both PV based electricity production and thermal (hot water) solutions based on solar energy.

6. RECENT PRESS COVERAGE OF ANDALUSIA’S PV INDUSTRY

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7. INVESTMENT INCENTIVES

Andalusia offers industrial and R&D projects a variety of incentives, for example:

1. Incentive Program for the Promotion of Innovation and Business Development (2009-2013)

UP TO 50% OF ELIGIBLE INVESTMENT (depending on the company’s size), payable through direct incentives, subsidies, loans, etc.

ONLINE APPLICATION and response within two months

2. Jeremy Fund (Joint European Resources for Micro- to Medium-Sized Enterprises)

TOTAL OF €235 MILLION available in the form of capital risk, loans, and guarantees

75% funded by the European Commission (ERDF) and 25% by the Andalusian government

Provides financial support to foreign companies who want to establish in Andalusia.

3. Technology Corporation of Andalusia (CTA) for R&D and Industry-Academia Cooperation

FINANCIAL AID CONSISTING OF A 25% GRANT and a 75% loan (0% interest/3 year grace period)

Has funded 235 R&D projects in Andalusia to date

4. Job Training Incentives from the Andalusian Ministry of Employment

TRAINING OR HIRING INCENTIVES (€3,000-€4,750) for hiring permanent or young workers

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8. FREE AND CONFIDENTIAL SERVICES FOR INTERNATIONAL INVESTORS

Invest in Andalucía can provide you with the following services related to your potential investment:

• A DEDICATED RELATIONSHIP MANAGER, specializing in the photovoltaics sector;

• Objective and accurate ECONOMIC, INDUSTRY, AND MARKET INTELLIGENCE;

• Assistance with LOCATION AND SITE SELECTION;

• COORDINATION OF TAILORED VISITS to sites, companies, universities and potential partners;

• ADVICE ON IMPORTANT INVESTMENT ISSUES, such as available human resources, recruitment services, labour costs, and taxes;

• INTRODUCTIONS TO USEFUL CONTACTS, such as professional service providers, technical contractors, and materials/component suppliers;

• SUPPORT IN ACCESSING finance, funding, and technology partners;

• Dedicated service to ACCESS POTENTIAL INVESTMENT INCENTIVES; and

• ON-GOING SUPPORT SERVICES once you are established.

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