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PROPRIETARY & CONFIDENTIAL WESTHILLS ESSENTIAL ELEMENTS SERIES MARISA MITCHELL OCTOBER 8, 2015 SOLAR JOBS IN THE VALLEY 2020-2030

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PROPRIETARY & CONFIDENTIAL

WESTHILLS ESSENTIAL ELEMENTS SERIES

MARISA MITCHELLOCTOBER 8, 2015

SOLAR JOBS IN THE VALLEY2020-2030

PROPRIETARY & CONFIDENTIALWWW.RECURRENTENERGY.COM

CALIFORNIA’S RENEWABLE PORTFOLIO STANDARDJOB CREATION 2020-2030

2

0%

10%

20%

30%

40%

50%

60%

2020 2024 2027 2030

Renewable Portfolio Standard Targets

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

2020 2024 2027 2030

Predicted Generation (megawatts)

0

20000

40000

60000

80000

100000

120000

140000

2020 2024 2027 2030

Predicted Solar-Related Jobs in California

Sources: http://www.eia.gov/state/state_one_pager/California.pdfhttp://www.thesolarfoundation.org/national-solar-jobs-census-2014/https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160SB350

PROPRIETARY & CONFIDENTIALWWW.RECURRENTENERGY.COM

SITING SOLAR ENERGY IN CALIFORNIAPUSH TOWARD RETIRED AG LANDS 2020-2030

3

Source: http://sjvp.databasin.org/

PROPRIETARY & CONFIDENTIALWWW.RECURRENTENERGY.COM

SOLAR JOB CREATION IN THE SAN JOAQUIN VALLEY2020-2030

4

A typical 200 MW solar project will generate: 500 construction jobs

E.g., electrician, truck driver, equipment operator

10 permanent jobs E.g., electrical maintenance worker,

security

$5 million in direct sales tax revenues to local county government

$3.5 million in property tax revenues to local county government

Indirect/induced economic benefits: purchases of concrete, steel, gravel, food, lodging, etc.

PROPRIETARY & CONFIDENTIALWWW.RECURRENTENERGY.COM

CLIMATE CHANGE: AGRICULTURE – SOLAR SYNERGIES2020-2030

Local Climate Models Predict:

2 to 4 degrees of average temperature increases

Increase in annual number of days of extreme highs

Increase in number and duration of heat waves

Agriculture-Solar Synergies:

Native pollinator attraction

Sheep grazing/wool production

Groundwater rechargeSource: http://cal-adapt.org/temperature/century/

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PROPRIETARY & CONFIDENTIAL

CONTACTMARISA MITCHELL

[email protected]

www.recurrentenergy.com