CONERGY.COM

SaCaSol Project Philippines - Alexander Lenz, MD Asia & Middle East

Solar Energy South East Asia

CONERGY.COM

Powering solar

in a world full of energy.

Agenda

Company Overview

SaCaSol IA+B: 22 MWp Project Philippines

2

The Conergy track record

> 15 YEARS

of solar experience.>700 MW

installed solar parks.> 300

projects globally.

2.5 GW

solar capacity sold.16

countries.

WHO WE ARE

> 350

employees.

3

Successfully active in Asia since 2002

Market leader in Thailand and Philippines.

Conergy Core Business OverviewM

ark

et

Seg

men

ts

Sale

s C

han

nels

ROOFTOP (B2C & B2B) PROJECTS (SPV & EPC)

COMMERCIAL (roof-top)RESIDENTIAL

Directsale

Direct Sale to solar installers

Directsale

INDUSTRIAL (free-field)

O & M BUSINESS

| Indirect distribution of PV System components via installer network – incl. modules, mounting systems, inverters, storage & monitoring as well as accessories

| One-stop shop for all PV system components & comprehensive services incl. O&M residential service offering

| Distribution to large investors, project developers, EPCs and/or project financiers

| Turnkey solar park projects, incl. project development, financing support, engineering, procurement and construction

| Operation & maintenance services (technical & commercial operations management)

CONERGY CORE BUSINESS

4

Project Development &

Financing

EngineeringProcurementConstruction

+

Conergy has a global footprint and has been active in Asia since 2002

WHO WE ARE

GERMANY|Hamburg|Leipzig (Service)|Zweibrücken (Central Warehouse)

CANADA|Edmonton|Toronto

U.S.A|Denver

|Sacramento|Malvern|Miami (Kawa)

UK|Milton Keynes|Pulborough (Wirsol UK)

ITALY|Vicenza

AUSTRALIA|Brendale

THAILAND|Bangkok

JAPAN|Tokyo

SINGAPORE|Singapore

UNITED ARAB EMIRATES|Dubai

COOPERATION AGREEMENTS:|Mexico|Brazil|Turkey|Jordan|Saudi Arabia

5

PHILIPPINES|Manila

The business is supported by strong service units regionally and globally

Comments

| Conergy is headquartered in Hamburg, Germany, where

central functions reside in the entity Conergy Global

Solutions GmbH (CGS)

| In this central entity Conergy’s core competencies and

services are bundled - including global Engineering, Quality

Management, Purchasing and Supply Chain

| Through the bundling of the services and know-how in one

central organization an efficient setup of the company is

ensured and the competencies are continuously

strengthened

| The strong shared service functions support the sales units

on a global basis and ensure a consistent high-quality

service to our clients

| To cater to regionally specific needs and to avoid time zone

related reaction time issues, all Asia & ME units are

furthermore supported from APAC HQ in Singapore (CAS)

CONERGY CORE BUSINESS

ConergyGlobal

Solutions

6= CGS = CGS/CAS = CAS

Conergy builds turnkey solar power plants and provides O&M services after grid connection

Conergy’s project service offering for commercial and industrial customers

Conergy hands over the turnkey solar park to the customer – the power plant is ready for operation

Conergy provides

operation & maintenance

(O&M) services to

ensure highest possible yields

BEFORE GRID CONNECTION AFTER GRID CONNECTION

CONERGYOperate

(long-term)Build

(short-term)

EXPERIENCE OF OVER 650 MWP EXPERIENCE OF OVER 300 MWP

CONERGY

Project Development

Financing Support

Engineering

Procurement

Construction

Operation &

Maintenance

CONERGY PROJECT BUSINESS

7

Conergy’s value proposition is based on top quality, experience and bankability

Conergy’s Value Proposition

… focused on providing the best development,

financing, EPC and O&M Services Globally

„Global Experience combined with local expertise – 170 MWp in Asia”

„Founded in 1998, the Conergy team provides theunbiased quality solar

projects need”

„Privately owned, well capitalized, debt-free”

„O&M as profit boost to the project”

8

A global leader in turnkey solar power plants with over 700 MWp installed worldwide

Conergy’s project experience per country [MWp]

INSTALLED TURNKEY SOLAR POWER PLANTS

TRACK RECORD

9

� For more than 15 years Conergy has built multi-megawatt PV power plants as a global system provider

�Conergy’s international footprint encompasses the construction of more than 300 PV power plants in Europe, Asia, Middle East and America

�Conergy has completed 700 MWp of installed solar power by H1 2014

+ 41.0 contracted

As a first mover in Asia, Conergy has achieved considerable track record in the region

Presence and market share Asia & ME [%] as of 30/06/2014

TRACK RECORD

JAPAN|Market Entry in 2013|2 MW completed|>100 MW Pipeline to be build

Thailand|>100 MW|≈15% market share of ???? volume|First to have completed a PV power plant

Philippines|>80% market share|First to have completed a PV power plant|22 MW completed|51 MW under construction

Middle East|Among a handful of competitors with relevant references|KAUST 2 MW Rooftop

South Korea|35 MW completed

10

Once you’ll know what to look for,you’ll see us everywhere

11

Siam Solar, ThailandSize 73,5 MWp CO2-Saving / Year 55,400 tons Year Of Construction 2013-14

SaCaSol, The PhilippinesSize 22 MWp CO2-Saving / Year 18,820 tons Year Of Construction 2014

TRACK RECORD

Once you’ll know what to look for,you’ll see us everywhere

CARILLION/NATIONWIDE

BUILDING SOCIETY, UKSize 50 kWp CO2-Saving / Year 20 tons Year Of Construction 2012

PALO ALTO, USA

JEWISH COMMUNITY CENTERSize 397.5 kWpCO2-Saving / Year 150 tonsYear Of Construction 2014

REFERENCES

12

Conergy’s power plants are now globally certified with internationally accredited "TÜV Label”

Quality in Design, Engineering & Execution

FINAL ACCEPTANCE

| Commissioning together with TÜV Rheinland

| Documentation in accordance to TÜV Rheinland criteria

Conergy offers certified TÜV standards on a global basis

Certification of TÜV is now offered as integral part of Conergy‘s EPC services for large-scale turnkey solar parks: Customer benefits from inclusion of external second opinion that ensures reliable and sustainable project execution – customer’s power plant is automatically TÜV certified

| Leading international auditor network for security and quality examination of solar installations

| TÜV certification of solar installations prove internationally accredited standards and quality management

| TÜV certification as external consultation for a second opinion is widely used to validate bankability of project

PARTNERSHIP FOR PLANT CERTIFICATION

PLANNING

| Check of yield prognosis

| Qualification of components

| Release of exe-cution planning

CONSTRUCTION

| Site supervision and on site quality assurance

| Test of modules by TÜV Rheinland laboratory

+ +

CONERGY QUALITY

13

Stringent supplier quality management on a global basis grants high quality product portfolio

Conergy’s Supplier Management

| Conergy’s supplier management ensures high quailty products

| According to high Conergy standards

Worldwide production sites:

GERMANY CHINA CZECH TAIWAN USA

Activities

1. Production process and product quality audits at supplier’s manufacturing sites

2. Quality Assurance Agreement (QAA) required for supplier qualification

3. Conergy Quality Requirements (CQR) implemented in supplier production sites

4. Product quality inspections (according to ISO2859)

5. Claim management

Quality of product portfolio

MODULES STORAGE INVERTER MOUNTING SYSTEMS

SUPPLIER QUALITY MANAGEMENT

14

CONERGY QUALITY

Conergy is among the most bankable solar downstream companies

15

Privately Owned | Majority ownership by Kawa Capital Management, USA

Well capitalized | Debt-free balance sheet, strong equity position

Capital and finance access

| Excellent access to development capital and trade finance / bank guarantees to endure business growth

BANKABILITY

Throughout the lifetime of the PV plant, Conergy offers O&M services with proven experience

Conergy’s Operation & Maintenance service offering

16

| Conergy can offer even more benefits as O&M partner if the project has been planned and built by Conergy

| In such case Conergy has direct and quick access to the project planning and execution documentation to clarify upcoming questions

| Moreover, Conergy knows its components and the system integration best and is experienced with possible fault corrections

BENEFITS

EX

PE

RIE

NC

ES

ER

VIC

E S

CO

PE

| Technical management of over 300 MWp output power

| Commercial management of over 200 operating companies

| With a technical availability in average of 98,7 % Conergy projects are always outperforming

| Leading company with over 12 years experience in O&M services with the required infrastructure in place

TECHNICAL OPERATION MANAGEMENT

COMMERCIAL OPERATION MANAGEMENT+

| Technical plant management

| Fault management

| Data and information mgmt.

| Engineering / Consulting

| Administration

| System maintenance

| Bookkeeping

| Management

| Controlling

| Cash Management

O&M CAPABILITIES

Agenda

Company Overview

SaCaSol IA+B: 22 MWp Project Philippines

17

| 22 MW contract divided into two phases of 13 MW and 9 MW respectively

| Project Timeframe: October 2013 to June 2014

| Phase I inaugurated in May 2014 by President Benigno S. Aquino III

| Phase II Commissioning in June 2014

| 1st large-scale project to break ground in the Philippines aiming for the FIT

| Fully equity financed construction

| RE hub significantly increased local job availability

The site is located near San Carlos in Negros Occidental

Project Details

18

Conergy has delivered the project in a consortium approach

Conergy – Local Partner Consortium

|Overall conceptual design|Overall mechanical and electrical design

|Main DC & AC components supply

|Remote Project Management Support|Commissioning support

|Warranties and Guarantees

|O&M

Consortium Member

General role in project

Tasks

Engineering Engineering Procurement ConstructionProcurement

PROJECT ENGINEERING PROJECT MANAGEMENT

|Local civil design|Local mechanical design|Local electrical design

|Local components supply

|Installation |Commissioning

19

As the first project of that kind in the country, the project was particularly challenging

Challenges in the first PV Project in the Philippines

Challenge Solution

20

Purchasing| Components normally sourced locally such

as cables, switch-gears, transformers not available domestically (or only with many middle-men)

Planning

Execution

| Shift of many components from onshore to offshore supply with resulting challenges in certifications, specifications and logistics

| Local partner: Lack of experience | Through screening of experience, resources and cash positon, strong Conergy involvement

| Local costs calculation | Extensive know how transfer from Conergy to local partner, cost plus

| Tight schedules in remote areas

| Permitting bottlenecks (BOI)

| Logistics bottlenecks

| Bring in experience, support

| Workaround solutions

| Work with experienced local customers brokers / forwarders, plan sufficient buffer

The project has produced above expectations in the first months of operation

21

Highlights:| SaCaSol Plant started 13 MW operation on 15th of May 2014

| The full 22 MW capacity started operation on 16th of August 2014

| The plant has produced 680 MWh more than the planned energy production since it started operation in May 2014 up to 13th of

November 2014

Weekly cumulative Energy Production (MWh)

The first large PV power plant of the Philippines is delivering clean energy to the grid

CONERGY.COMCONERGY.COM

Our World is full of Energy.