www.lightsource-re.com 1

Shaping the future of global energy

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Since launching in 2010 we have grown from a six-person start-up to

a major global solar player. With nearly 2GW on three continents and

growing, Lightsource continues to push the frontiers with innovative solar

and storage solutions backed by world-class execution capabilities. Our

vision is to shift the mindset of conventional energy use and generation.

Renewable technologies have now firmly shifted to the mainstream and

ours is a win-win proposition: cost-competitive, predictable clean energy

solutions that don’t cost the earth. Set against a landscape of uncertain

power markets and aging generation fleets, now is the perfect time to add

solar to your energy mix.

Nick Boyle - Lightsource Group CEO

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Leading the Solar Revolution

1.9GW of large-scale solar

Full project lifecycle capabilities

Innovative, flexible solutions

Global scale platform

$3.1 billion deployed since 2010

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Our SolutionsA partnership with Lightsource enables you to take control of your electricity supply. We offer cost-competitive solar and storage

solutions for a wide range of energy companies and customers, and our full-service platform can customize products to maximize value

based on your unique operations and priorities.

Lightsource is revolutionizing business energy by fixing customer electricity prices for

up to 25 years. Clean, locally sourced solar can deliver both cost savings and important

sustainability benefits, and there are many flexible structures to add large-scale solar to

your company’s energy mix. Lightsource offers full-service capabilities that require no up-

front capital investment and no operational sacrifice. Connect with our specialized business

energy teams today to design and implement a custom solar solution for your company’s

energy needs.

Business Energy

Large-scale solar projects enable energy companies to cut generation costs and de-

risk against fuel price fluctuations, and solar can also play an important role supporting

decarbonization targets for energy networks and their customers. Lightsource is

uniquely positioned to be a full-service solar and storage partner and can manage all

aspects of project development, funding and lifecycle operations in-house. We have

deep PPA structuring expertise and can offer flexible, fully-funded solutions to match

resource objectives for utilities, distribution companies, cooperatives and municipal

energy companies.

Utility Companies

Lightsource has been a pioneer in delivering large-scale floating PV projects atop

water reservoirs instead of traditional ground mounting. Floating solar generates clean

electricity while simultaneously providing unique benefits to water bodies, including

reduced evaporation and algae growth. System sizes are highly scalable and can directly

feed power to nearby operations, making it an ideal fit for water utilities and agriculture.

Floating Solar

Lightsource has an unrivaled track record in the acquisition and financing of large scale

solar projects. We offer co-development partners a flexible framework for mutually-

beneficial support, enabling them access to the expertise, resources and global scale

economies of our market-leading platform. This allows smaller players to de-risk

development investments and keep the focus on core value-creation priorities. An

independent and privately-owned company, we pride ourselves on maintaining an agile

approach to development and decision-making.

Acquisitions and Co-Development

Project FundingOur innovative project financing structures and $3.1 billion

track record set us apart from the rest of the industry.

Lightsource is independently owned and funded through

strategic debt and equity partnerships, which enable us to

develop and construct assets efficiently and quickly.

Lightsource has raised debt in both the bank and

institutional markets, including arranging over $1.4 billion in

2015. In the same year, we also issued the first ever sterling,

benchmark-size solar bond and the largest ever sterling

renewables bond, $320.0 million of placement with M&G

Investments. These achievements stand testament to the

company’s strength and aptitude in a complex and fast-

moving asset finance landscape.

In-house finance teams

Full funded projects

In keeping with the Lightsource hands-on

approach, we maintain a full team of structured

finance professionals in-house. Our finance

teams manage all aspects of project funding

and oversee our global relationships with banks

and institutions.

Unlike most competitors, Lightsource is not

just the developer or the financier, we’re both

– and the long-term asset owner-operator

too. Our structured finance teams manage

end-to-end project funding requirements

and continue to innovate with industry-

leading asset finance products. Fully funded

Lightsource solar solutions provide our

partners access to clean, cost-effective

electricity with no up-front capital required

and no operational disruption or risk.

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Asset Management

Performance optimization, contracts and stakeholder management

Dedicated asset management is a vital part of ensuring that solar installations operate as efficiently as possible. The management

of a solar project is highly complex, with technical and engineering components making up just a piece of the puzzle. Our services

matrix comprises a strong focus on:

Co-development

Compliance for project finance and

contract obligations

Monitoring plant optimization and

accurate stakeholder

reporting

Contract management

from PPA to O&M and EPC to

grid connection contracts

High-caliber asset managers

On the back of Lightsource’s status as Europe’s largest solar power company, we have attracted a talented, highly skilled and

motivated team of Asset Managers capable of delivering wide-ranging services. Our in-house experts include engineers, financiers,

project delivery managers and developers, as well as insurance, energy market and metering specialists. We are proud to be building

Lightsource’s reputation for client and project service excellence.

Development and Acquisitions Lightsource is a global leader in the development, funding and

long-term operation of solar and storage projects. With 1.3GW of

in-house developed projects under our belt, we are proud to be

Europe’s leading solar experts and have expanded development

activities into North America and the India, Middle-East and Asia

(IMEA) region.

What sets us above the rest of the new world energy landscape

is one clear advantage - control. Our fully integrated platform

includes 300 solar specialists covering the full project lifecycle,

from concept and planning through to interconnection, finance and

construction management.

Lightsource has a history of successful collaboration with

independent developers world-wide. Lightsource North America

offers partners a flexible framework for mutually-beneficial support,

enabling them access to the expertise, resources and global scale

economies of our market-leading platform. This allows smaller players

to de-risk development investments and keep the focus on their core

value-creation priorities. Let’s grow together.

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With 1.9GW of large-scale solar under management, Lightsource is the

pre-eminent provider of operations and maintenance (O&M) in Europe and is

growing teams on the ground in North America and India. We provide best-in-

class O&M services to a wide variety of clients and portfolios. Our objective is

the ensure that sites are fully optimized, guaranteeing generation performance

and delivering maximum investment returns for our clients.

Highly qualified electricians and engineers

All Lightsource Field Service Engineers are directly employed, qualified,

experienced electricians. They work in teams of two and take specific

responsibility for the performance of all their allocated sites. Most planned

preventative maintenance and corrective maintenance services necessary for

the effective running of the site are undertaken directly by the Field Service

Engineers.

Comprehensive support teams

The Lightsource O&M division includes expertise from a range of dedicated

support teams, each employing best-in-class technology to evaluate and

maximize performance.

Operations & Maintenance

Technical

Grid

Health and Safety

Monitoring

Performance

Diligent maintenance services

We are able to offer our clients a single long-term custodian for their

assets, providing a comprehensive service for all aspects of solar O&M. The

Lightsource proposition includes optimization reviews, performance analysis,

regular cleaning and ground maintenance. We also provide monitoring and

reporting services alongside proactive and reactive maintenance, to quickly

resolve any under-performance or issues. With more than 200 large-

scale projects under maintenance, we are experts across all leading solar

technologies and take a data-driven approach to production optimization.

Lightsource O&M services are delivered working side-by-side with our clients’

asset management and service delivery teams.

Experienced operation management

Our Field Service Engineers are directly supported by the Operations Team,

which includes three divisions:

Planning & Procurement ensure the engineers’ schedules reflect our clients’

priorities and our contractual obligations. They make sure the components and

equipment needed by the teams are approved by our clients and available to

the teams when and where needed.

Land Management ensure the proper management of the 9,000+ acres of land

of which Lightsource is the custodian. They’re responsible for ascertaining

that each site has a detailed, timetabled plan covering all aspects of land and

biodiversity management that respects the planning and lease conditions

of the site and reflects agricultural best practice. This includes drainage,

grass & hedgerow maintenance, bird/bat box, mammal gate and wild flower

management.

Health, Safety, Quality and Training (HSQT) ensure the right things are done

right. Lightsource has attained the prestigious OHSAS18001 standard and

there can be no compromise in maintaining a high-performance environment

with safety at its heart.

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We care Here at Lightsource, we take our role as an industry leader

very seriously – we wholly believe that sustainability and social

responsibility is crucial for long-term business success. Over the last

six years, we’ve crafted a set of guiding principles by which we conduct

our developments and foster our long-term relationships with local

communities, individuals and businesses. While we already have a

strong foundation in green business, we have also developed a number

of corporate and social initiatives involving our staff and community

partners, designed to advance our commitment to remaining a

conscientious corporate entity.

Solar farm honeyOur solar farms are the perfect home for

bees, secure and rich in forage, which

provides us with an excellent opportunity

to support our threatened bee population.

Keeping bees on solar farms has many

benefits. As well as involving the community

and providing valuable space for local

beekeepers, a thriving bee population boosts

pollination across the farmland, which helps

to increase biodiversity and can even benefit

food production in the surrounding fields.

The honey produced on our solar farms is

sold in local stores, with proceeds going to

local charities, as well as being purchased by

Lightsource employees, in aid of our World

Vision campaign.

North America Leadership

Global reach

Tim Derrick CEO - North America

Tim leads the Lightsource North America team, overseeing the innovative deployment of utility-scale

solar and storage solutions in the US market. He began his career at Enron Wind and GE Wind Energy

before co-founding Axio Power – a platform which developed a 1 Gigawatt (GW) pipeline of utility-scale

solar projects and was acquired by SunEdison in 2011. Tim held leadership roles at SunEdison’s North

American utility wind and solar business, as well as its energy storage division.

Katherine Ryzhaya CCO - North America

Katherine joins from Advanced Microgrid Solutions, a company she co-founded which is now a leader in

energy storage solutions for utilities and large commercial and industrial customers. During her tenure,

AMS secured 120MW in utility contracts and enterprise-level agreements with Walmart, California State

University and Shell Energy North America. Her previous positions include VP and Director of Evolution

Market’s western power desk, Principal of Energy Procurement at Pacific Gas and Electric, and finance

roles with RBC Capital Markets and UBS.

Kevin Christy COO - North America

Kevin co-founded the utility-scale PV developer Axio Power in 2007 – a platform which developed

and delivered 1 Gigawatt (GW) of solar projects and pipeline. Axio was the first utility-scale platform

acquired by SunEdison in 2011. While at SunEdison, Kevin managed the North American utility-scale

development portfolio, served in several leadership roles overseeing global O&M and asset management

teams, as well as developing next-generation commercial applications for battery energy storage.

LondonBelfast

DublinBath

New DelhiPhiladelphiaSan Francisco

CASE STUDY

Black Peak and Munceys, Cambridgeshire

The solar plants at neighboring Black Peak Farm and Munceys Farm sit

on approximately 260 acres of grassland in Cambridgeshire, UK and

generate enough clean energy to power 15,225 homes.

Installation began in December 2014 and included a $3.9 million 132kv

substation developed and constructed by Lightsource – one of the

first private substations ever built in the UK. The project completed and

began delivering energy to the network in March 2015.

The solar farms feature habitat enhancements designed to benefit

species in the nearby RSPB Fowlmere Reserve.

installed capacity

50MWp

“Lightsource has set Black Peak solar farm above many other

developments by making sure wildlife has the right kind of food, shelter

and nesting habitat throughout the year.”

- Rachael Murray, RSPB Communications Team Manager

Enhancing wildlife

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132kVLightsource-developed

substation

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Crookedstone Road, Belfast

CASE STUDY

$7.1MLightsource funding electricity demand

27% “As a business we are committed towards sustainability, and being able to

procure solar electricity is a huge benefit, not only towards lowering our carbon

footprint but reducing our operating costs and providing pricing certainty for

the future. We were delighted that even on the first day of connection, the

airport ran for 9 hours on just solar power alone.”

Alan Whiteside, Operations Director at Belfast International Airport

Belfast International Airport is the latest major

energy user to benefit from our fully-funded

solar solution. The project included $7.1 million

of investment from Lightsource and close

collaboration with the Airport’s on-site team to ensure the connection was carried

out alongside daily business activities, limiting any disruption.

Powering Belfast International Airport

installed capacity4.8MWp

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Queen Elizabeth II Reservoir, London

CASE STUDY

$11.5MLightsource funding electricity demand

20%“Becoming a more sustainable business is integral to our long term strategy

and this innovative new project brings us one step closer to achieving our goal

– this is the right thing for our customers, the right thing for our stakeholders

and most importantly the right thing for the environment.”

Angus Berry, Thames Water’s Energy Manager

Europe’s biggest ever floating solar panel array has been

installed by Lightsource Renewable Energy on London’s Queen

Elizabeth II reservoir as part of Thames Water’s ambitious bid to

self-generate a third of its own energy by 2020.

Drawing on the experience from its in-house team of engineers, planners and

project managers, the company oversaw the deployment of more than 61,000

floats and 177 anchors, which provides the floating platform for the solar farm.

Powering Thames Water

installed capacity6.3MWp

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CASE STUDY

Bentley Motors, Crewe

$5.5MLightsource funding electricity demand

40%“We take the sustainability of our products and factory extremely seriously

and we are always looking for ways to reduce emissions and improve energy

efficiency. The panels will reduce our energy costs and help ensure that our

manufacturing operations in Crewe are efficient, sustainable and globally

competitive.”

Michael Straughan, Bentley’s Member of the Board for Manufacturing

At completion in 2013, this project was commended

as the UK’s largest rooftop commercial solar PV

array. Bentley Motors entered into an agreement

with Lightsource to procure the solar electricity

at a discounted rate for 25 years. With more than

20,000 solar and a capacity of over 5MW, the solar

installation provides up to 40% of the factory’s electricity requirements at peak

generation times - reducing CO2 usage by over 2,500 tons per year.

Powering Bentley Motors

installed capacity5.3MWp

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