BULBUCATA PHOTOVOLTAIK PARKS

RA PROJECT

Index

₃ Executiv Summary

₃ Localization

₃ Land Status

₃ Obtained licenses

₃ Licenses to obtain

₃ Solar data & Production

₃ Romania and Europe Solar map

₃ Opportunity Background

₃ Index Tehnical and financial reports

₃ Index Authorizations

Executive Summary

₃ Strong, technically proficient team with almost 4 years of cumulated experience in the renewable energy sector ₃ Balanced blend of project management experience and solar energy technical expertise ₃ Involved in Solar projects development and implementation over 170 MW in Romania. ₃ Solid network of contacts in all Romanian institutions connected to renewable energy

sector ₃ Speciality technical background

₃ Strategy is to develop projects, ready to build for investors, construct and operate the solar farms.

₃ Professional team, including a technical consultant with a large experience, over 40 years concerning the Romanian energetic system; member of the management team of main important energetic companies.

Localization

₃ Will have an installed power of totally 16.3 MWp, being developed over a land of 36 ha; connection to national grid is 5km from site. The project is spitted into 2 projects one of 9 and one of 7.3 MW this allowing solution of connection on lower cost and shorter time to the 20KV line.

₃ The Project is developed near Bucuresti, 40 km distance.

₃ Access is assured through county road DN5

₃ The land is near the substation 20 KV/110 KV.

Land status

₃ The land is flat without shading areas.

₃ Total land surface is : 36 Ha.

₃ The land is the property of the company .

₃ The distance to the connection point is 5 km.

₃ Access road to Project location; No river across the land.

Obtained Licenses

₃ Urbanity planing certificated

₃ Topographic and geotechnical study.

₃ Environmental License

₃ Public health license

₃ Transelectrica / Enel opinion

₃ OCPI license.

₃ P.U.Z (urbanistic plan to change the destination of the land from agricola to industrial)

₃ DTAC. (The technical project for the construction needed to obtain the permit for construction)

Solar Data & Production

₃ Over 210 sunny days per annum and 1,154.4 kWh / m² / yearly solar flux energetic (average solar energy from solar radiation which is considered on incidental horizontal plan)

₃ Centre for Renewable Energy Sources-approved software used – Photovoltaic

Geographical Information Systems (PVGIS) .

₃ The figures are submitted in kWh (mp/year), in horizontal plan, the most used calculation method for energetic application.

₃ The solar map related for Giurgiu area is developed and offered by Energy Research Institute, Italy - entity under coordination of EU

Solar Data & Production

Month Ed Em Hd Hm 1 5790 179000 1.94 60.2 2 8830 247000 3.02 84.6 3 11600 359000 4.12 128 4 13200 395000 4.86 146 5 14800 458000 5.63 174 6 14800 444000 5.73 172 7 15500 480000 6.02 187 8 15300 473000 5.91 183 9 13500 404000 5.04 151

10 11000 340000 3.98 123 11 6310 189000 2.19 65.8 12 4550 141000 1.53 47.3

Year 11300 343000 4.17 127 Ed: Average daily electricity production from the given system (kWh) Em: Average monthly electricity production from the given system (kWh) Hd: Average daily sum of global irradiation per square meter received by the modules of the given system (kWh/m2) Hm: Average sum of global irradiation per square meter received by the modules of the given system (kWh/m2)

Romania & Europe– Solar map

Tehnical proposed solution ₃ Fixed system technology. ₃ Polycrystalline-Silicon Cells, the best solution taking into consideration the PV surface project

and the equipment costs acquisition which offer a production yield of 15-17%.The power of the panel is 230 W from SwissWatt.

₃ Inverter Power One , SMA 500 TL. ₃ Aluminum fixed structure with the inclination of the pannel to the horizontal of

30º and azimuth 0º. ₃ Total annual output production: 16,3 MWh.

Opportunity Background

₃ Romania rated as the 3rd fastest growing country in the EU for gaining planning permission for wind turbine developments (according to European Wind Energy Association); After the coming into force of Renewable Energy Law it is expected a similar growth.

₃ For the next 2-3 years at least, the revenues from green energy projects (MWh price plus GC price) will be higher than the current price situation (no external market factors are

considered).

₃ Capacity power solar energy in Romania predicted to reach 1.2 TWh by 2020 (currently

the power installed is a little bit lower than 2GWh)

₃ Romania estimated to have a very high solar energy potential in Europe. Romania ranks 11th place in the 30 EU countries (included Turkey, Croatia and Macedonia) as a potential of global yearly irradiation, from horizontal & optimum angle and vertical mounting. The best positions are “occupied” by the south countries, like Turkey, Spain or Greece.