ENERGIZING LIFE TOGETHER

POwER PuRcHasE aGREEmENT (PPa)aNd FuLL-sERvIcE sOLaR sOLuTION

Rooftop solar energy solution from REC

= Geographical Location is key towards PV Solar Implementation• Being near to the equator, singapore and sEa countries

has the best sun hours per year globally • singapore 1650, Germany 1100-1400

= Competitive carbon footprint

WHY SOLAR

= The world needs more energy

= The sun supplies virtually unlimited energy The yearly energy received from the sun is more that 6000

times as much as what is used every year by the whole population of the earth

Photovoltaic electricity potential worldwide

solar power

uranium

Natural gas

Oil

coal

annual energy demand

Equi

vale

nt st

ock

of e

nerg

y so

urce

Nuclear

Renewables

Natural gas

Oil

coal

Supply of different energy sources

3,000

2,500

2,000

1,500

1,000

500

01990 2000 2010 2020 2030 2040 2050 2060 2070 2080 2090 2100

Exajoule

source: The Intergovernmental Panel on climate change (IPcc), sREs (special Report on Emission scenarios), alt. 1definition: exajoule (EJ) is a unit of energy. 10 joules, often used a unit of measure for world energy use

Life-cycle greenhouse gas emissions

solar: Future

solar: Present

wind

Biomass

Nuclear

coal Gasification + cO2*

ccGT + cO2*

combined cycle Gas Turbine (ccGT)0 50 100 150 200 250 300 350 400 450

solar

Other renewables

Nuclear

carbon basedcoal without cO2 capture~800g cO2/kwh

g CO2 Equivalent/kWh

* cO2 capture and storagesource: annual Energy Review, u.s. Energy Information administration

standard chartered Bank - 61 kw - 78,000 kwh/year - 264 REc solar Panels - singapore

Why noW is thE timE to go solaR in singapoRE

takE baCk thE poWER thanks to a ppa With REC

Tailored expert solar solutionsREc is offering businesses and building owners the opportunity to give a strong boost to their environmental initiatives and achieve some energy independence.

Through a Power Purchase agreement (PPa) with REc, businesses and building owners purchase electricity from REc – where the electricity comes from a solar installation on the building’s own roof, expertly installed and operated entirely by REc at no cost to the customer.

Customer signs a PPAagreement with REC

(usually 20 years)

REC submits a PPA proposal

(Solar Electricity Tariff, $xx/KWh)

%

REC performs an on-site roof audit

for customer

REC continues tomaintain a Service

Solar System for 20years AT NO COST

to customer

REC designs andinstalls solar system on customer rooftop

AT NO COST to customer

Customer pays for electricity

generated based on PPA price

Customer requests for

a PPA proposal

Solar Systemgenerates electricity

youR bEnEfits and advantagEs in a ppa With REC

Huge boost to “green” initiatives

Reliable expertiseQUALITY

Winner of multiple third-party awards

One-stop shop for everything solar in Singapore

REc’s fully integrated value chain; from silicon, to wafers, solar cells, solar panels, and extending to systems and solutions by REc

It makes business sense

doubts about going solaR? not if you go solaR With REC

REc’s state-of-the-art manufacturing facility in Tuas, singapore.

REC is the only solar panel manufacturer in Singapore and has panels installed at the Singapore National Stadium, Sheng Siong, and Bugis Junction.

For Singapore, by SingaporeREc solar panels are produced at a world-class facility in singapore, which employs more than 1,700 people and is certified to the highest health, safety, and environmental standards. Output steadily increases to meet the growing worldwide demand for REc panels. at mid-2015, REc had produced more than 15 million solar panels in singapore, amounting to 4 Gw of clean, green energy.

REC stands tall above some common fallacies and misconceptions about solar energy: Solar panels and the cost of having solar installed are expensive

• It doesn’t have to be• In a PPa with REc, you don’t pay anything for the panels and/or the installation• You only pay for the electricity generated by the solar installation, at a pre-agreed upon rate

Solar panels don’t perform well in Singapore’s hot and humid climate• REc panels do• 100% of REc’s panel production is P.I.d. free• REc panels show zero power loss due to P.I.d. in some of the industry’s toughest

tests for performance in conditions of high humidity and high temperatures

Solar companies are not financially stable• REc very much is• REc has the best rating in regards to financial health and bankability according to Bloomberg• This “safe bet” ranking ensures REc will stay an industry leader for many years to come

Solar isn’t actually a “green” source of energy because of the panels’ manufacturing process• at REc, it is• REc solar panels have a verified energy payback time of 14 months• This means that after just one year, an REc panel will have produced the

same amount of energy needed to produce the panel itself

PIDFree

100%PID

Free

100%PID

Free

100%

525

2010 2011 2012 2013 2014

675750

820

955REC solar panel production output(in mw)

as the leading clean tech hub in asia, there has been an increasing demand for renewable energy solutions in singapore where innovative energy solutions are constantly developed to serve the regional markets. Increasingly, many commercial and industrial companies in asia are embracing solar energy as part of their environmental sustainability vision.

“Recognising that sustainability makes good business sense, we constantly seek sustainable solutions that will reap benefits for all our stakeholders. This latest collaboration with REc to install solar panels at Bugis Junction reaffirms our commitment to continually innovate to improve the environmental performance of our properties.”

mr Toh wah san, Executive vice Presidentasset management of Keppel REIT

Keppel REIT, Bugis Junction - 172 kw - 200,000 kwh/year - 652 REc solar Panels - singapore

REc is the largest European brand of solar panels, with more than 15 million high-quality panels produced at the end of 2014. with integrated manufacturing from polysilicon to wafers, cells, panels and turnkey solar solutions, REc strives to help meet the world’s growing energy needs. In partnership with a sales channel of distributors, installers, and EPcs, REc panels are installed globally. Founded in 1996, REc is a Bluestar Elkem company with headquarters in Norway and operational headquarters in singapore. REc’s 1,800 employees worldwide generated revenues of usd680 million in 2014. Find out more about REc at www.recgroup.com.

GLOBaL PREsENcE

JAPAN

REC SOLAR JAPAN CO., LTd. shinjuku sumitomo Building 32F, 2-6-1 Nishishinjuku, shinjuku-ku, Tokyo 163-0232JapanPhone +81 (0) 3 6302 0520

SINGAPORE*

REC SOLAR PTE. LTd. 20 Tuas south avenue 14singapore 637312singaporePhone +65 64 95 92 28 * Operating headquarters

INdIA

REC INdIA PVT. LTd.Level 9, spaze I-Tech Parka1 Tower, sector - 49 sohna RoadGurgaon, 122018IndiaPhone +91 124 676 8688

U.A.E.

REC SOLAR SOLUTIONS dMCC Jumeirah Bay Tower 3 – unit 410 Jumeirah Lake Towers (JLT)dubaiunited arab EmiratesPhone +971 4 443 0962

GERMANY

REC SOLAR EMEA GMbH Leopoldstr. 17580804 munichGermanyPhone +49 89 4 42 38 59-0

U.S.A.

REC AMERICAS, LLC 100 Pine street, suite #500san Francisco, ca 94111u.s.a.Phone +1 877 332 4807

Operational headquarters

Legal entities Solar representatives

www.recgroup.com

If you would like a free feasibility study of your building, please contact REc for more details :Email : sales_ppa@recgroup.com

go solaR With REC