CA Renewable Energy PanelJanuary 26, 2011

Alice Harron

VP, Project Development

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Important Information

Solar Millennium, LLC and Solar Trust of America, LLC Safe Harbor Statement

This document is confidential and no part of it may be reproduced, distributed or transmitted without the prior written permission of Solar

Trust of America, LLC or Solar Millennium, LLC. 

This document contains forward looking statements within the meaning of the federal securities laws. All statements in this document

that are not clearly historical in nature are forward looking including, but not limited to, any projections of revenue, financial matters, government policies,

rules and regulations, environmental impact, development and performance of proposed concentrated solar thermal power plants or related

technologies; any statements of the plans, strategies, and objectives of management; and any statements regarding current or future macroeconomic

trends or events and the impact of those trends and events on any concentrated solar thermal power plant projects, Solar Trust of America, LLC and

Solar Millennium, LLC, and any of their respective affiliates and parent entities. Forward looking statements include statements preceded by, followed by

or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend,” or similar

expressions. Actual results and developments may be materially different from those expressed or implied by such statements. Solar Trust of America,

LLC and Solar Millennium, LLC believe the forward looking statements in this document are reasonable; however, parties receiving this information are

cautioned not to place undue reliance on such forward looking statements, including any financial projections contained here.

Forward looking statements are inherently predictive and speculative, do not guarantee performance and no assurance can be given

that any of such statements will prove to be correct. All forward looking statements are based on Solar Trust of America, LLC's and Solar Millennium,

LLC's beliefs and assumptions, such as assumptions with respect to market conditions, legislation and regulation, which in turn are based on currently

available information and estimates. These assumptions could prove inaccurate, which could cause actual results that differ materially from those

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statements speak only as of the date of this document, and Solar Trust of America, LLC and Solar Millennium, LLC do not undertake any obligations to

update, publicly or otherwise, any of them in light of new information or future events.

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Introduction

Company Overview

Active Projects Under Development/Construction

Technology

Development Cycle/Timeline

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Agenda

Company Overview

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Company Overview

Structure

Solar Millennium, LLC is wholly owned subsidiary of Solar

Trust of America (STA). STA is a joint venture of Solar

Millennium AG and MAN Ferrostaal.

Extensive EPC and solar thermal market experience.

Development Experience

Developed and built first parabolic trough plants in Spain

(Andasol1 & 2 in operation – Andasol 3 in construction),

total 150 MWs, with 7.5 hours of molten salt storage.

30 MW Solar field integrated into 150 MW CCGT plant in

Egypt (under construction).

Shortlisted for 500 MW in Morocco

Ibersol, Spain 50 MW with storage in development

2,000 MW currently in development in the U.S. Southwest.

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Active Projects Under Development in California

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Blythe and Palen Project Locations

Blythe Palen Project Location

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Project Summaries

Blythe Palen

Nominal Capacity 1,000 MW 500 MW

No. of 250 MW Units 4 2

Electricity Production 2 million MWh/yr 1 million MWh/yr

Total ROW 7,025 acres 5,200 acres

Facility Footprint 6,000 acres 4,402 acres

Transmission Access SCE’s new Colorado River Substation

SCE’s new Red Bluff Substation

Location 8 miles west of Blythe 10 miles east of Desert Center

County Riverside County Riverside County

Water Consumption during operation (dry cooling)

600 afy 300 afy

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Technology

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How troughs work: Solar radiation is concentrated onto an absorber tube situated on the focal line of the trough. The trough is rotated east-west to track the sun. The concentrated solar heat is used to operate a steam turbine to generate electricity.

The world’s first commercial scale plants (354 MWs) have been operating in Southern California since 1984.

Parabolic Troughs

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Development Cycle/Timeline

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Permitting Process

General Development Timeline for BSPP

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Year Milestones

2006 •Site Selection Process Started•Original Right-of-Way Application filed with BLM

2008 •Environmental Surveys started•Interconnection process submitted•Power Purchase Agreement proposal submitted to SCE annual RFP

2009 •Permit applications submitted•Power Purchase Agreement executed and CPUC approval requested

2010 •CPUC approval of Power Purchase Agreement received•Limited Notice to Proceed for EPC Contractor•Steam Turbine Procured•State and Federal permits approved•Final Site Control obtained through BLM Right-of-Way Grant•Receipt of initial Notices to Proceed from CEC & BLM•Execution of Large Generator Interconnection Agreement•Start of Construction

2011 •Approval of LGIA and Abandoned Plant treatment by FERC

2013 •Completion of interconnection/transmission facilities•Commercial Operation of first 250 MW unit

Permitting Milestones for Blythe and Palen Projects

Blythe Palen

BLM Original ROW Application filed September 26, 2006 August 8, 2007

Application for Certification (AFC) filed to CEC August 24, 2009 August 24, 2009

CEC Site Hearing/ Informational Workshop January 25, 2010 January 25, 2010

Submitted BA to BLM March 6, 2010 March 6, 2010CEC SA/BLM DEIS released March 11, 2010 March 18, 2010

CEC Revised Staff Assessment released June 4, 2010 September 1&15, 2010CEC Prehearing Conference June 17, 2010 October 5, 2010

CEC Supplemental Staff Assessment July 1, 8 and12, 2010CEC Evidentiary Hearings July 15-16, 2010 October 13 & 27, 2010

CEC Presiding Member Proposed Decision August 11, 2010 November 12, 2010BLM Final Environmental Impact Statement

(FEIS) issued August 20, 2010 March 2011CEC Final Decision September 15, 2010 December 15, 2010

BLM Section 106 Programmatic Agreement October 7, 2010 October 7, 2010BLM Biological Opinion Issued October 8, 2010 Q1 2011

BLM Record of Decision Approved October 25, 2010 Q1 2011BLM ROW Executed November 4, 2010 Q1 2011

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Thank you!

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