9/21/2015 1 Property of Clean Power Group Africa

World-Class Solar Projects Evolving Clean Solar Energy to Mainstream Energy

CLEAN POWER GROUP AFRICA Solar Power for Liberia

Walter McLeod Managing Partner P: 540-848-1340

E: mcleodwl@cpgafrica.com

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CLEAN POWER GROUP Leads an Affiliation of Utility Solar Businesses (1 of 2)

CLEAN POWER GROUP (“CPG”) is an Independent Power Producer (“IPP) whose mission is to develop, own and manage utility-scale PV solar energy facilities. CPG develops World-class 20+MWp power projects across the US America, Mexico , Japan and Sub Sahara Africa with the flexibility to apply best-of-breed solar energy solutions to specific locations and requirements. CPG contributes the essential development expertise with regional market knowledge to apply the best solar technologies and EPC management with optimal project financing and Asset Management (operations and maintenance) for each location. For more information, please see www.CleanPowerGroup.com

Property of Clean Power Group Africa

CLEAN POWER GROUP AFRICA (“CPGA”) is an Independent Power Producer (“IPP”) whose mission is to develop, finance, own and manage utility-scale PV solar energy facilities. CPGA develops World-class 50+MWp clean energy projects in Sub Sahara Africa with the flexibility to apply best-of-breed solar energy solutions to specific locations and requirements. CPGA contributes the essential development expertise with regional market knowledge to apply the best solar technologies and EPC management with optimal project financing utilizing USA “Obama Power Africa” and asset management (operations and maintenance) for each location; for more information, please see www.CPGafrica.com

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Experience and Integrity

Charlie Kuffner, PE

CTO, Managing Partner 30 years in large scale commercial and EPC

construction, alter-native energy, project and

executive mgmt | Former President & COO of

Swinerton Builders

John Parsons, MBA

CFO, Managing Partner 25 years in corporate and project financing for

CleanTech start-up businesses, solar and energy

projects | Former Financial Executive at GE and

Ernst & Young

Alexander von Welczeck

CEO, Managing Partner 25 years in business, corporate and project

development | Founder, former CEO of Solar

Power Partners (now NRG Solar) | Former

Executive at DOVER and Thyssen-Krupp

Dirk Michels, JD

Corporate & Project Counsel K&L Gates, 20 years advising renewable energy

developers and investors on corporate, project

development and project financing matters.

International award winning

CPGA is formed by leading Solar, Energy, Project Finance, EPC construction, Asset Management, Government Relations and Legal Executives, proactively developing the growing need for World-class

utility-scale renewable solar energy in Africa. We provide the expertise in energy development, EPC construction, project & corporate financing and asset management (operations & maintenance) with the credibility and professional network to deliver on-budget, large-scale solar energy generation facilities.

Walter McLeod

COO, Managing Partner 20 years in corporate strategy, energy policy and

government relations | Founder, President of Eco

Capitol Companies, LLC | Former Kleiner Perkins

VC and GreenTech Partners Candidate.

Property of Clean Power Group Africa

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Co-founded and as CEO of Solar Power Partners (now NRG Solar, America’s leading solar Independent Power Producer), completed and financed 41 PV projects in 2008-10

As President and COO of leading GC Swinerton Builders conceived and established America’s leading commercial, municipal and utility solar EPC PV solar contracting business

Secured solar project financing debt and/or ITC tax equity from Bank of America, US Bank, TD Banknorth, Macquarie, PNC, John Hancock, and others

Conceived and Originated “2011 Solar Deal of the Year” Soitec (fm. Concentrix) 305MWp of PPA’s with SDG&E including localization of World-class 100+MW capacity CPV factory in San Diego County

CLEAN POWER GROUP (“CPG”) in the USA is developing multiple projects including 138MWp Independence Solar in Inyo County, CA for Los Angeles Department of Water and Power

CLEAN POWER GROUP AFRICA (“CPGA”) is developing a portfolio of 20+MWp utility projects totaling 500+MWp in across six sub-Saharan Africa countries in 2015-17.

CLEAN POWER JAPAN (“CPJ”) is developing a portfolio of 20-50+MWp METI Mega FIT solar projects totaling 350+MWp in 2013-15.

CLEAN POWER MEXICO (“CPM”) is developing a portfolio of 20+MWp utility projects totaling 300+MWp in across three states Northwestern Mexico in 2013-15.

Experience and References CPGA enjoys meaningful Experience, a Global Network and investment-grade Credibility

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Know-how and Experience Fully Integrated In-house Development and Operating Capabilities

Development

Energy Marketing

Financing

Design & EPC Management

Asset Management

Land Acquisition and Permitting

Interconnection and Transmission Agreements

Well structured Power Purchase Agreements (“PPA”)

Build to Transfer

Development Funding

Construction Financing

Project Equity and Debt Financing

Optimal , best-of-breed Design

World-class EPC construction management

Preventative Operations and Maintenance

Competitive Advantages

Control the value Chain

Shorter Development Cycle

Economies of Scale

Minimize execution risk

Quality, long term value

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Why sub-Saharan Africa Africa enjoys a vast resource and large growing energy market

United States Government Power Africa (PA) Initiative: more than $14 billion in financial

support committed over five years to add 10,000+ megawatts of clean, efficient electricity

generation capacity in Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania.

Vast untapped resources: sub-Saharan countries receive solar radiation in the range of 6-

8 kWh/m2/day, among the highest in the world.

Growing electricity demand: UNEP estimates the sub-Saharan region needs to install

7,000 MW of new generation capacity each year to meet demand forecasts.

Stable investment environment: In 2012, clean energy financing from development banks

broke the US$100 billion mark for the first time in history. Six of the ten fastest-growing

economies worldwide between 2000 and 2010 were sub-Saharan nations.

Sustainable Growth: PA countries Kenya and Ghana have feed-in tariffs (FiTs) for on-grid

solar, while Ethiopia and Nigeria are introducing them.

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Worldwide Solar Success Companies and countries have experienced ups and downs in the worldwide clean energy race in recent years. For consumers, however, the clean energy race has been consistently positive, driving down prices and interjecting new renewable energy choices into a marketplace dominated by century-old technologies. Solar module prices fell 50-% in the past year, spurring deployment in 2012 of an unprecedented 29.7 GW of new capacity; 10 times the level recorded in 2007. For the first time in 2011 more then 1GW of solar energy systems were installed in the USA, for a total of 4.6GW

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Solar is Faster to Market The rapid deployment makes solar an attractive solution for states and utilities scrambling to meet their renewable portfolio standards, and

keep up with increasing energy demand. This provides opportunity for investors and developers

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Solar’s 6 Stages of Bankability The decisions a solar developer makes during project planning, construction

and operations will have a significant impact on a project’s risk and bankability.

The 6 Stages to Bankability

• Site and Project Assessment

• Design and Optimization

• Engineering and Procurement

• Construction and Commissioning

• Asset Management (Operations & Maintenance)

• Customer / Community Enablement

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Sub Sahara Africa Enjoys a Worldwide Top-3 Solar Energy Resource

Property of Clean Power Group Africa

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Solar is a game changer for Liberia

Property of Clean Power Group Africa

“Cowboys Stadium near Dallas, Texas, uses more

electricity than the total installed capacity of my country.”

Madam President Ellen Johnson Sirleaf President of Liberia

Liberia’s average daily solar radiation: • Wet season irradiation average: 4.0 - 5.0kWh/m2/day

• Dry season irradiation average: 5.0 - 6.0kWh/m2/day.

Liberia’s annual solar potential: • 246,447,094 MWh/year

• 110 (global ranking) Source: U.S. National Renewable Energy Laboratory

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Applying Best-of-Breed PV Solutions We enjoy Working Relationships with the World-leading Manufacturers

Crystalline (mono or poly) silicon-based PV systems are the most proven solar solution

Thin film PV systems are proven for utility solar when in high heat, and in diffused light conditions.

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Environmental Responsibility

Clean Power Group Africa develops sensible, sustainable, and profitable clean solar energy generating power plants. We strive to preserve natural

environments by only utilizing low resource valued private lands, thus preserving farming, endangered habitat, flora and fauna.

"Today, being good stewards of our land, water and wildlife requires that we do everything we can to end our dependence on dirty energy, especially by moving aggressively to replace coal and oil with clean energy solutions … We will also have to build a number of large-scale clean energy projects, like the 700 MW Maricopa Sun project that we helped move forward in California."

MICHAEL BRUNE EXECUTIVE DIRECTOR OF THE SIERRA CLUB 04/01/11

Property of Clean Power Group Africa

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Community Responsibility

We strive to improve communities through significant Renewable Energy infrastructure investments and by creating good paying technology jobs that will provide long-term local economic stability. Valuable Community Benefits Include: Stimulate sustainable economic

development

Increase the diversity and reliability of the energy mix

Provide clean-tech education and job training

Improve public health by reducing the emissions of particulate matter

Create new employment opportunities

Ameliorate air quality problems

Promote stable electricity prices

CLEAN POWER GROUP AFRICA RESPONSIBLE ENERGY FOR UTILITIES SM

Thank you for your time and consideration! 9/21/2015 15 Property of Clean Power Group Africa

Alexander von Welczeck Managing Partner

P: 415 794 3311 E:awelczeck@cleanpowergroup.com