HEC RENEWABLE ENERGY PORTFOLIO

SOLAR WIND

WE MAKE SOLAR BETTER AND CHEAPER GLOBALLY

CONSTRUCTION CONSTRUCTION

UTILITY SCALE MEDIUM SCALE SMALL SCALE

600+ TARGET MARKET

HYDRPOPLANTSYEARS AROUND THE GLOBEEMPLOYEES

103PROJECTS OF GLOBAL SOLAR

CAPACITY9001, 14001, 18001

ISO PELLET AND GLUED BEAM

PRODUCTION LINES0.66%

1.7+ GW ELECTRICAL & THERMAL

CAPACITY 14+10

BOOM INNOVATION NORWAY BOOMDESIGN&BUILD

BIOMASS HYDRO

HEC GLOBAL SOLAR PRESENCE AND EXPERIENCE

UNITED KINGDOM

BULGARIA HEADQUARTERS

HYDROENERGY COMPANY JSC

BLAGOEVGRAD & SOFIA

GREENSUN ENERGY LTDLONDONUNITED STATES OF

AMERICA

JAPANTURKEY SOLAR ENERGY

COMPANY LLCMIAMI, FL

SPAIN HEC SOLAR SERCVICES

G.K.HYOGO

HEC TURKEY YENİLENEBİLİR ENERJİ A.Ş.ANTALYA

SOLAR BUILD INGENERIEA Y CONSTRUCCION, S.L.MADRID

JORDAN

HEC JORDANIAN BULGARIAN FOR RENEWABLE ENERGY GENERATION

AMMAN

TAIWAN

MOROCCO UNITED ARAB EMIRATES

MEXICO

HEC SOLAR SYSTEM CONTRACTING LLCABU DHABI

CONSTRUCCION Y MANTENIMIENTO HEC, S. DE R.L. DE C.V.MEXICO CITY

AUSTRALIA

CHILE HEC SOLAR ENERGY PTY LTD

SYDNEY INGENIERÍA Y

CONSTRUCCIÓN HEC CHILE LIMITADA

SANTIAGO

HEC INSTALLED0.66%OF ALL SOLAR GLOBAL CAPACITY

AFRICA 65 MWP

AUSTRALIA 18 MWP

ASIA 171 MWP

USA 366 MWP

LATAM 562 MWP

EUROPE 400 MWP

SOLAR SCOPE OF SERVICES

&

Site surveyTechnology selection

Conceptual design Project layout and shading

Detailed designElectrical

CivilStructural

Value engineeringDesign optimization

As build

Total Construction Management ConceptPermitting & licensingSite managementCivil worksMechanical installationElectrical installationPull-out tests

Commissioning

O&M

Material supply

PROCUREMENT

BUILDDESIGN

OUR APPROACH IS BASED ON

Reliable and long-term partnerships

Know-how gathered in 10 years experience

Flexibility

Competitive pricing

Quick and effective project execution

Оur team

PHOTOVOLTAIC PROJECTS EUROPE

BULGARIA

YEAR 2010

YEAR 2011

YEAR 2012

1.00 MWP

5.00 MWP

18.70 MWP

ROMANIA

YEAR 2013 3.14 MWP

EUROPEGREECE

YEAR 2012 29.60 MWP

GERMANY

YEAR 2011

YEAR 2012

YEAR 2013

6.40 MWP

80.10 MWP

20.20 MWP

FRANCE

YEAR 2012

YEAR 2013 10.50MWP

25.00 MWP

THE UNITED KINGDOM

YEAR 2012 YEAR 2013

YEAR 2014

YEAR 2015

11.90 MWP

64.14 MWP

83.40 MWP

40.40 MWP

400 MWP

EUROPE

HEC JSC

EUROPE

PV PROJECT HADZHIDIMOVO

TOTAL POWER CAPACITY:

POWER CAPACITY INSTALLED BY HEC:

LOCATION:

YEAR OF COMPLETION:

11.0 MWP

5.5 MWP

BULGARIA

2012

HECSYSTEM INTEGRATOR:

SCOPE OF WORKS

TOTAL CONSTRUCTION MANAGEMENT

--

-

-

-

-

-

-

-

-

-

SITE SET-UP

FENCING

RAMMING OF PILES

ASSEMBLY OF MOUNTING STRUCTURE

MODULE DEPLOYMENT

MATERIAL LOGISTICS

TRENCHES

CABLE LAYING

DC/AC CONNECTION AND TERMINATION

TESTING AND COMMISSIONING

PARTIAL PROCUREMENT

EUROPE

PV PROJECT ORTAFFA

TOTAL POWER CAPACITY:

POWER CAPACITY INSTALLED BY HEC:

LOCATION:

YEAR OF COMPLETION:

25 MWP

25 MWP

FRANCE

2013

HECSYSTEM INTEGRATOR:

SCOPE OF WORKS

TOTAL CONSTRUCTION MANAGEMENT

--

-

-

-

-

-

-

-

RAMMING OF PILES

ASSEMBLY OF MOUNTING STRUCTURE

MODULE DEPLOYMENT

MATERIAL LOGISTICS

TRENCHES

CABLE LAYING

DC/AC CONNECTION AND TERMINATION

TESTING AND COMMISSIONING

PARTIAL PROCUREMENT

EUROPE

PV PROJECT CASTLE EATON

TOTAL POWER CAPACITY:

POWER CAPACITY INSTALLED BY HEC:

LOCATION:

YEAR OF COMPLETION:

17.8 MWP

17.8 MWP

UNITED KINGDOM

2014

HECSYSTEM INTEGRATOR:

SCOPE OF WORKS

TOTAL CONSTRUCTION MANAGEMENT

--

-

-

-

-

-

-

-

SITE SET-UP

FENCING

MODULE DEPLOYMENT

MATERIAL LOGISTICS

TRENCHES

CABLE LAYING

DC/AC CONNECTION AND TERMINATION

TESTING AND COMMISSIONING

PARTIAL PROCUREMENT

PHOTOVOLTAIC LATAM REGIONPROJECTS IN

SOUTH AMERICA

INGENERIA Y CONSTRUCCION HEC CHILE LIMITADA

LLANO DE LLAMPOS SOLAR PHOTOVOLTAIC PLANT, CHILE

100 MWP

SAN ANDRES SOLAR PHOTOVOLTAIC PLANT, CHILE

51 MWP

PULL OUT TEST SAN PEDRO III SOLAR PHOTOVOLTAIC PLANT, CHILE

33.6 MWP

PULL OUT TEST FOTONES SOLAR PHOTOVOLTAIC PLANT, CHILE

40 MWP

LUZ DEL NORTE SOLAR PHOTOVOLTAIC PLANT, CHILE

147 MWP

PARTIAL WORKS ANDES SOLAR PARK, CHILE

23 MWPSOUTHAMERICA

EL ROMERO SOLAR PROJECT, CHILE

247 MWP

CONEJO I SOLAR PROJECT, CHILE

42.7 MWP

EL PELICANO SOLAR PHOTOVOLTAIC PLANT, CHILE

100.8 MWP

562 MWP

LATAM

LUZ DEL NORTE SOLAR PHOTOVOLTAIC PLANT

POWER CAPACITY:LOCATION:

YEAR OF COMPLETION:

MAIN SUB-CONTRACTOR:

147 MWP

CHILE

2016

HEC

PROJECT DESCRIPTION

THE LUZ DEL NORTE PHOTOVOLTAIC SOLAR PLANT IS LOCATED IN THE ATACAMA

REGION NEAR THE CITY OF COPIAPO AND HAS AN INSTALLED CAPACITY OF

147MWP. THE PLANT CONSISTS OF 1,511,880 THIN-FILM PHOTOVOLTAIC

MODULES SPREAD ACROSS 458 HECTARES. THE PLANT IS EXPECTED TO BE FINISHED

DURING Q4 2015.

SCOPE OF WORKS

TOTAL CONSTRUCTION MANAGEMENT

LATAM

ROMERO SOLAR PHOTOVOLTAIC PLANT

POWER CAPACITY:

POWER CAPACITY INSTALLED BY HEC:

LOCATION:

YEAR OF COMPLETION:

MAIN SUB-CONTRACTOR:

247 MWP

247 MWP

CHILE

2016

HEC

SCOPE OF WORKS

-

-

-

-

-

-

-

-

-

-

-

-

LEVELLING OF THE TERRAIN

ROAD CONSTRUCTION

CLEARING OF STONES

DEEP EXCAVATION FOR SUBSTATION AND TRAILER COMPLEX PLATFORMS

CLEANING OF VEGETATION;

WASTE MANAGEMENT AND DISPOSAL OF MATERIALS;

ARCHEOLOGICAL, TEMPORARY AND SECURITY FENCING;

TRAILER COMPLEX

STAFF AND RECOURSES MANAGEMENT

SITE LOGISTICS FOR MECHANICAL ASSEMBLY WORKS

ASSEMBLING OF PHOTOVOLTAIC RACKS

INSTALLATION OF PHOTOVOLTAIC MODULES

PHOTOVOLTAIC USAPROJECTS IN THE

THE UNITED STATES OF AMERICA

SOLAR ENERGY COMPANY WAS FORMED AS A LIMITED LIABILITY

COMPANY IN ACCORDANCE WITH THE LAWS AND REGULATIONS

OF THE STATE OF DELAWARE.

USA IS A NEW MARKET TO HEC, BUT BASED ON HEC’S

EXPERIENCE ALL OVER THE WORLD, WE ARE READY TO FACE ANY

CHALLENGES THAT MAY ARISE. HEC PROVIDES FULL SUPPORT IN

ALL FUTURE WORK THAT IS PLANNED TO BE PERFORMED BY SEC.USA

SOLAR ENERGY COMPANY LLCWWW.SOLAR-EC.COM

SOPHIE SOLAR PROJECT, NC, USA5.93 MWP

AUDREY SOLAR PROJECT, NC, USA

3.71 MWP

AMETHYST SOLAR PROJECT, NC, USA

4.34 MWP

OWEN SOLAR PROJECT, NC, USA

7.02 MWP

TAYLOR 3 SOLAR PROJECT, GA, USA

180 MWP

DECATOUR SOLAR PROJECT, GA, USA

30 MWP

BUTLER SOLAR PROJECT, GA, USA

140 MWP

1000 NORTH WEST STREET, SUITE 1200

WILMINGTON, DE 19801

USA

366 MWP

USA

USA

TAYLOR III SOLAR PROJECT

POWER CAPACITY:

LOCATION:

YEAR OF COMPLETION:

MAIN SUB-CONTRACTOR:

180 MWP

USA

2016

HEC

PROJECT DESCRIPTION

THE TAYLOR III PHOTOVOLTAIC SOLAR PLANT IS LOCATED IN BUTLER, GEORGIA.

THE PROJECT’S INSTALLED CAPACITY IS 180MWP. THE PLANT CONSISTS OF

1,565,520 THIN-FILM PHOTOVOLTAIC MODULES SPREAD ACROSS 955 ACRES.

THE PLANT IS EXPECTED TO BE FINISHED DURING Q4 2016.

SCOPE OF WORKS

TOTAL CONSTRUCTION MANAGEMENT

SITE SUPERVISION

LOGISTICS

SURVEY

POST INSTALLATION

MODULAR SUPPORT STRUCTURE INSTALLATION

BOS ELECTRICAL INSTALLATION

COMMISSIONING AND TESTING

USA

BUTLER SOLAR PROJECT

POWER CAPACITY:

LOCATION:

YEAR OF COMPLETION:

MAIN SUB-CONTRACTOR:

140 MWP

USA

2016

HEC

PROJECT DESCRIPTION

THE BUTLER PHOTOVOLTAIC SOLAR PLANT IS LOCATED IN BUTLER, GEORGIA AND

HAS AN INSTALLED CAPACITY OF 140MWP. THE PLANT CONSISTS OF 1,250,160

THIN-FILM PHOTOVOLTAIC MODULES SPREAD ACROSS 1,070 ACRES. THE PLANT IS

EXPECTED TO BE FINISHED DURING Q4 2016.

SCOPE OF WORKS

TOTAL CONSTRUCTION MANAGEMENT

SITE SUPERVISION

LOGISTICS

SURVEY

POST INSTALLATION

MODULAR SUPPORT STRUCTURE INSTALLATION

BOS ELECTRICAL INSTALLATION

COMMISSIONING AND TESTING

PHOTOVOLTAIC PROJECTS IN ASIA

JAPAN

HEC SOLAR SERCVICES G.K. IN HYOGO

JORDAN

HEC JORDANIAN BULGARIAN FOR RENEWABLE ENERGY GENERATION IN AMMAN

TAIWAN

ASIA

Table Module Material Pre- Cable DC/AC Cable TestMWp Country Year Ramming El.

52.50 Jordan 2016 X XMaan

Supply

Assembly Deployment Logistics assembly Laying Connection Trenches Comp.

Protocols

B2 Maan 11.00 Jordan 2016 X X X X X X

B3 Maan 11.00 Jordan 2016 X X X

B4 Maan 11.00 Jordan 2016 X X X

Glae 11.00 Jordan 2016 X X

EJRE 22.00 Jordan 2016 X X X X X X X X X

Oryx 11.00 Jordan 2016 X

Shams

Kawasaki 19.80 Japan 2016 X X X

Bruberk 4.87 Taiwan 2017 X X X

171 MWP

ASIA

AFRICA: Market penetration for HEC

Morocco: 10MW

Leasing of HEC personnel with a local company; partial

procurement

Contemplating a local LLC setup

MASEN: local solar agency

Upside:

- Highest rates of sunshine per year in Africa, ca 3600 hrs

- Increasing need of electricity and growing penetration

within households

- Government policies and incentives towards investment in

Renewables

- 20% of renewables by 2022

Challenges:

- Slow institutional processes: online portal

- Protectionist measures: you need a local partner to operate

- Administrative hurdles

Egypt: FOB

Currently working on securing a major role within in upcoming

projects

Also working towards setting up an LLC

EFCBC: local chamber of constructors

GAFTA: foreign investors

NREA: renewable agency authority

Upside:

- Speeds up processes when using local partners/subcontractors

- Plans to install 3.5GW Solar by 2027

- Huge territory compatible for solar

Challenges:

- Set contracts needed in order to open a branch or company

- Protectionist measures: 90%-to10% quota

- Legal and political risks

- Complex procedures for issuing various permits

Currently, the largest solar energy projects are in Morocco, S. Africa, Alger and Egypt

Tanzania and Nigeria have more recently adopted large-scale PV programs

HEC has shifted focus on the sunniest continent and there is no doubt that Africa will be next big winner, not just in solar!

Thank You for Your Time

WWW.HEC.GLOBAL

+ 359 (0)73 53 01 00

CONTACT@HEC.GLOBAL

Georgi S. Penchev, CFACorporate Finance Manager