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WIND FARMS IN ONTARIO A CLEAN ENERGY PROJECT

WIND FARMS IN ONTARIO A CLEAN ENERGY PROJECT. Taking advantage of the Canadian RE program 25 years PPA Pay or take agreement Ontario government

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Page 2: WIND FARMS IN ONTARIO A CLEAN ENERGY PROJECT.  Taking advantage of the Canadian RE program  25 years PPA  Pay or take agreement  Ontario government

Taking advantage of the Canadian RE program25 years PPAPay or take agreementOntario government sovereign guaranteeTariff: CA$0.1210 /kWh + annual incremental

Page 3: WIND FARMS IN ONTARIO A CLEAN ENERGY PROJECT.  Taking advantage of the Canadian RE program  25 years PPA  Pay or take agreement  Ontario government

THE PROJECTS

• Arthur Wind Farm : 10 MW• Silver Springs Wind Farm: 9MW• Skyway 8 Wind Farm: 9 MW• Skyway 124 Wind Farm: 9.2 MW

• Total : 37.2 MW for an estimated cost of C$125million

Page 4: WIND FARMS IN ONTARIO A CLEAN ENERGY PROJECT.  Taking advantage of the Canadian RE program  25 years PPA  Pay or take agreement  Ontario government

THE TEAM

• Earth vision: Financial adviser• Emerald Energy Intnl. Corp: Project holder• Natenco LLC : Vendor/Operator• Windenergy Gmgh (Germany): EPC contractor

Page 5: WIND FARMS IN ONTARIO A CLEAN ENERGY PROJECT.  Taking advantage of the Canadian RE program  25 years PPA  Pay or take agreement  Ontario government

SCHEDULE OF OPERATIONS

COMMERCIAL OPERATION DATE

ARTHUR 30/11/2010 SILVER SPRING 30/10/2011 SKYWAY 8 30/05/2011 SKYWAY 124 30/11/2011

Page 6: WIND FARMS IN ONTARIO A CLEAN ENERGY PROJECT.  Taking advantage of the Canadian RE program  25 years PPA  Pay or take agreement  Ontario government

FINANCE

• COST OF INVESTMENT: C$125 MILLION• AVERAGE ANNUAL EBITDA: C$12 MILLION• TAX SHELTER: 15 YEARS

Page 7: WIND FARMS IN ONTARIO A CLEAN ENERGY PROJECT.  Taking advantage of the Canadian RE program  25 years PPA  Pay or take agreement  Ontario government

OBJECTIVES

• Loan or/and equity 25 years.• Currency: C$• Starting date: Immediate