STATEMENT OF QUALIFICATIONS

Professional Services for Commercial and Utility-Scale PV

S O L V I D AE N E R G Y G R O U P

A B O U T S E G

History Solvida Energy Group, Inc. (SEG) was founded in early 2009 as an answer to a growing need in the dynamic

PV industry - more predictable and effective project execution. We began as a pure consultancy providing

seasoned, actionable advice to a handful of select clients. We now offer a full suite of services to EPCs,

module manufacturers and BOS (Balance of System) manufacturers around the world. In 2014, SEG

successfully created a second company, Solvida Design+Engineering Inc. to provide clients with innovative

and efficient turnkey solar project designs. SD+E’s 2015 design pipeline exceeds 80MWDC.

Highlights

•  Established sister company, Solvida Design+Engineering Inc. in 2014

•  Participated in 200+MW of active utility scale PV projects across the globe

•  Currently developing 10MW of wholesale projects in California and New Mexico

•  Member of team that developed and sold 50MW Colorado project to SunPower

•  Completed development of first privately held solar farm in Yolo County, CA, Putah Creek Solar Farms,

a 2.7MWDC single axis tracking system

•  Secured first ever CUP granted to solar farm on private land in Alameda County, CA

•  Secured first ever CUP granted to solar farm on private land in Yolo County, CA

•  Authored 2012 GTM Research Report “Global Balance of Systems Costs and Forecasts”

•  Engineered integration of top thin film product with industry leading single axis tracker system. Included

optimized low voltage design and tracker block sizing

•  Developed project financial modeling tool used by top 10 module manufacturer to sell into 200MW of

projects in 2012

S E G S E R V I C E S Consulting •  New product design/engineering

•  Risk mitigation strategies

•  Understanding the US market

•  Project financial modeling (using SunBEAM - our proprietary financial model for large scale PV projects)

Project Development •  Project due diligence

•  Site selection and site control

•  Permitting

•  Interconnection

•  EPC negotiation

•  Joint ventures

Training •  Founded first PVsyst training available in the US market

•  Solar technology

•  Solar EPC strategies

S E G M A N A G E M E N T T E A M

Stephen Smith, Founder •  Participated in more than 200MW of installed solar projects worldwide

•  Headed winning renewables team in a bid to build the largest US based PV system in 2010

•  Developed largest grid tied HCPV system in the world

•  Managed deployment of more than 40 MW of commercial, grid tied PV installations including rooftop,

carports, stationary and tracking ground mounted applications for leading US integrator

•  Managed $22 million contract for 4MW project with a Nevada public utility

•  Built first tracking carport system in the United States

•  Publications:

–  2012 Greentech Media Solar Balance of Systems Report (Aug 2012)

–  “PV Trackers” Feature Article, SolarPRO Magazine (July 2011)

Erika Kemp, Managing Partner •  Lean business specialist

•  Chief corporate strategist

•  Grew SEG annual revenues 2x for 3 consecutive years, 2011-2013

•  Developed innovative products for diverse client base including financial pro forma tools and

detailed project development training course

S E G P R O J E C T P R O F I L E S

Putah Creek Solar Farm

This 2.7MW project is the first commercial solar farm in Yolo County, California. Power is sold to Pacific Gas

& Electric through a 20-year PPA

As the project developer, Solvida has provided the following services:

•  Managed successful construction, commissioning and startup of project

•  Completed Interconnection Agreement with Pacific Gas and Electric on behalf of client owner

•  Secured Conditional Use Permit from Yolo County

•  Secured Power Purchase agreement (PPA) from Pacific Gas and Electric on behalf of client owner

•  Provided financial modeling and forecasting to evaluate the investment’s legitimacy

•  Generated all Conditional Use Permit documentation

•  Achieved Mitigated Negative Declaration and secured project CUP

•  Generated CEQA compliant environmental documents

•  Compared technology options to ensure maximizing investment value

•  Evaluated grid connect possibilities – proximity to substation, size of substation, substation capacity,

available infrastructure close to site, and other energy generating projects in the vicinity

•  Managed the interconnection process with the utility

•  Developed relationships with local building department to secure required permits

•  Performed site audit

•  Generated initial engineering drawings for the project

•  Researched zoning designation

S E G P R O J E C T P R O F I L E S

Copper Mountain Solar I

This project was the largest fully operational solar farm in the United States at the time it was constructed.

Solvida was the primary consultant to Henkels and McCoy, the project’s EPC contractor. This was the first solar project built by H&M. There were over 40 EPC contractors bidding to First Solar for this high profile project. The project consists of First Solar 75 watt solar modules in a fixed tilt orientation, Siemens inverters and a high voltage substation.

As the lead consultant, Solvida provided the following services:

•  Reviewed subcontractor RFP requirements

•  Performed detailed analysis of project bid design package

•  Developed bid strategy

•  Performed detailed value engineering on DC low voltage system

•  Led cost estimating for civil, mechanical and electrical labor

•  Reviewed and modified EPC contract

•  Supported EPC team during construction process

S E G P R O J E C T P R O F I L E S

Confidential Project

This project is a 60MW ground mounted single axis tracker located in Central California. The developer has

secured Interconnection Agreement and Conditional Use Permit. To determine the best technology combination for the project, Solvida developed indicative design packages for thin film fixed and tracking arrays as well as crystalline fixed and tracking arrays. We interfaced with top solar EPC firms to develop comparative construction bids. Solvida developed a report summarizing the technical and financial qualities of each technology combination. Solvida is the primary consultant supporting the developer’s pre-construction initiatives.

As the lead consultant, Solvida provided the following services:

•  Secured component bids from crystalline and thin film module vendors

•  Developed comparative performance modeling for each technology combination

•  Utilized proprietary financial model to develop LCOE, IRR and NPV comparisons between the 4 technology combinations

•  Authored report summarizing the pros/cons of each technology option and advised client on the right

technology for their project