Belen Energy CenterZero-Emission Power Plant

Belen Energy Center: Reliable, Low-Cost, Renewable Energy 24/7/365

• Zero emissions power plant

• Fits New Mexico’s new energy plan1

• Will provide 5% of New Mexico electric energy consumption

• Lower cost than fossil-fuel plants

• Approval will create jobs in New Mexico

• Supports EPA’s haze compliance plan

• New technologies (solar + storage)

• New Mexico – Home of world’s largest solar + storage plant

• Goal: Commissioned by December 2016

• Substantial economic development

2

Accelerate New Mexico’s goal: 20% renewable by 2020

1 www.EMNRD.state.nm.us/EnergyPolicy/

By The Numbers

Enough electric energy for 38,000 New Mexico homes 24/7/3651

Lower carbon emissions207,000 tons per year less than gas turbines2

Lower capital costsCapEx lower than current (fossil fuel) plan

Lower operations and maintenance costs47% less than gas turbines

No fuel costs

Photovoltaic plant4,300 gearless dual-axis trackers400,000 solar panels100,000,000 ac watts (100 MW)333,000,000 kWh per year (333 GWh)1

Battery storageNameplate: 50,000,000 watts (50 MW)Peak: 60,000,000 watts (60 MW)200,000 kWh (200 MWh)

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1 PVSyst (Albuquerque). 2 US EPA – http://www2.epa.gov/energy#results

Team

Team• Developer: MaxxSolar USA – Gerald Rauch, CEO

Samsung C&T (www.SamsungCNT.com)

• Project engineering and construction (EPC): Eaton (www.Eaton.com)

• Solar panels: RECOM (www.Recom-Solar.com)

• Gearless dual-axis trackers: Mechatron Solar (www.Mechatron-Solar.com)

• Storage batteries: UniEnergy Technologies (www.UETechnologies.com)

• Battery integration: Nitebloom Energy (www.NitebloomEnergy.com)

• Energy consulting: ECCO International (www.EccoIntl.com)

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Why Solar + Storage?

Why Solar + Storage?

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-12,00 0

-7, 000

-2,0 00

3,00 0

8, 000

13,000

18,0 00

0:14 2:14 4:14 6:14 8:14 10:14 12:14 14:14 16:14 18:14 20:14 22:14

-12,00 0

-7, 000

-2,0 00

3,00 0

8, 000

13,000

18,0 00

0:14 2:14 4:14 6:14 8:14 10:14 12:14 14:14 16:14 18:14 20:14 22:14

Demand – 40,000 homesOctober 19

Demand data from University Of Arizona Southwest Variable Energy Resource Initiative – www.sveri.org (Tucson)

Why Solar + Storage?

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-12,00 0

-7, 000

-2,0 00

3,00 0

8, 000

13,000

18,0 00

0:14 2:14 4:14 6:14 8:14 10:14 12:14 14:14 16:14 18:14 20:14 22:14

Solar – ground mountDemand – 40,000 homesOctober 19

Solar data from PVSyst – www.PVSyst.com (Albuquerque).

Why Solar + Storage?

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-12,00 0

-7, 000

-2,0 00

3,00 0

8, 000

13,000

18,0 00

0:14 2:14 4:14 6:14 8:14 10:14 12:14 14:14 16:14 18:14 20:14 22:14

Solar – dual-axis trackers

Solar – ground mount

Demand

Solar data from PVSyst – www.PVSyst.com (Albuquerque).

Why Solar + Storage?

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-12,00 0

-7, 000

-2,0 00

3,00 0

8, 000

13,000

18,0 00

0:14 2:14 4:14 6:14 8:14 10:14 12:14 14:14 16:14 18:14 20:14 22:14

Solar – dual-axis trackers

Demand

Solar data from PVSyst – www.PVSyst.com (Albuquerque).

Why Solar + Storage?

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-12,00 0

-7, 000

-2,0 00

3,00 0

8, 000

13,000

18,0 00

0:14 2:14 4:14 6:14 8:14 10:14 12:14 14:14 16:14 18:14 20:14 22:14

Solar – into the grid

Solar – excessDemand

Solar data from PVSyst – www.PVSyst.com (Albuquerque).

Why Solar + Storage?

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-12,00 0

-7, 000

-2,0 00

3,00 0

8, 000

13,000

18,0 00

0:14 2:14 4:14 6:14 8:14 10:14 12:14 14:14 16:14 18:14 20:14 22:14

Solar – excess

Solar – into battery storage

From batteries to grid From batteries to grid

Solar – into the grid

Demand

Why Solar + Storage?

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-12,00 0

-7, 000

-2,0 00

3,00 0

8, 000

13,000

18,0 00

0:14 2:14 4:14 6:14 8:14 10:14 12:14 14:14 16:14 18:14 20:14 22:14

-12,00 0

-7, 000

-2,0 00

3,00 0

8, 000

13,000

18,0 00

0:14 2:14 4:14 6:14 8:14 10:14 12:14 14:14 16:14 18:14 20:14 22:14

100% of demand met by renewable energy

Demand

Comparison With Current Resource Plan

Capital Cost

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Capital cost after tax credits, normalized by GWh per year. Based on PNM estimates.

Aeroderivative gas turbine

PV Tier 1

PV Tier 2

Gas turbine

PV

Storage

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

$350,000,000

$400,000,000

Current resource plan Solar + storage

$90,500,000 lower

Operations And Maintenance Cost Per Year (Equal MWh)

Copyright 2015 Mechatron Solar.19

Fixed O&M

Fixed O&M

Variable O&M

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

$10,000,000

Current resource plan Solar + storage

48% lower annual cost

Eaton

Gearless Dual-Axis Trackers

Mechatron Gearless Dual-Axis Trackers

500 kW

S140 Gearless Azimuth Trackers

Copyright 2015 Mechatron Solar Inc.22

Distributed Generation

Copyright 2015 Mechatron Solar Inc.23

Odd-Shaped Lots

500 kW

S140 Gearless Azimuth Trackers

Copyright 2015 Mechatron Solar Inc.24

Copyright 2015 Mechatron Solar Inc.25

Disconnected Lots

0

20

40

60

80

100

120

7:00 8:00 9:00 10:00 11:00 12:00 13:00 14:00 15:00 16:00 17:00 18:00

MWhper

hour

0

200

400

600

800

1,000

1,200

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

MWhperday

More Energy From Dual-Axis Tracking

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Trackers Trackers

Solar on fixed racksSolar on fixed racks

Albuquerque September 12

Albuquerque PVSyst

4:00 p.m.89% more

Solar data from PVSyst.

Copyright 2015 Mechatron Solar Inc.

Gearless Tracker Technology

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Uptime

99.0%

99.2%

99.4%

99.6%

99.8%

100.0%

2008 2009 2010 2011 2012 2013 2014

100.00% 99.99% 99.99% 99.97%99.93%

99.97% 99.97%

Copyright 2015 Mechatron Solar Inc.28

Mechatron Trackers: Manufacturing In New Mexico

Mechatron Trackers: Manufacturing In New Mexico

Initial production: 500 trackers per month (1 shift)

Full capacity: 1,000 trackers per month (1 shift)

Trackers needed for Belen Energy Center: 4,340

Estimated jobs: 40 (1 shift)

Assembly technicians: 25

Facility management, engineering, quality assurance, procurement, IT, etc.: 15

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Belen Energy Center: New Mexico Jobs

• 200-300 on-site construction

• 15-30 on-site operation

• 50-100 local manufacturing and assembly

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1 www.EMNRD.state.nm.us/EnergyPolicy/

Energy Storage System

Timeline

Timeline

2015 2016Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

ContractsSite prepExcavation, padsSubstationBatteries on siteESS – 50 MWCommissionPV – 1 trackerPV – 50 MW acCommissionPV – 50 MW acCommission

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Summary

Belen Energy Center: Reliable, Low-Cost Clean Energy 24/7/365

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• Zero emissions

• Gearless dual-axis trackers

• New battery technology: Reliable 24/7 energy

• New Mexico jobs

Thank You!

MAXXSOLAR USA CORPORATION