PV

PHOTOVOLTAIC SOLAR POWER

OVERVIEW

SolarReserve’s experienced team of power project professionals has assembled an extensive 13,000 megawatt (MW) worldwide development portfolio of large-scale solar projects. The company’s diverse portfolio of solar projects includes advanced solar thermal technology (CSP), photovoltaic (PV) technology, and hybrid - combined CSP and PV -solutions that can provide competitive 24-hour solar energy.

With more than 3,400 MW of PV development projects in its portfolio, SolarReserve is continuing its efforts to provide renewable energy solutions that not only generate clean energy, but also cultivate economic growth for communities around the world.

The SolarReserve team is adept at developing large scale projects internationally including three PV projects in South Africa which have completed construction and are in operation, totaling 246 MW of installed capacity, powering over 200,000 South African homes: the Lesedi, Letsatsi and Jasper Projects.

The Lesedi and Letsatsi Solar Projects, which completed construction and came online in May 2014, are two of the largest project finance transactions ever completed in South Africa and among the largest renewable energy projects in Africa. Lesedi and Letsatsi were recognized as Project Finance International magazine’s 2012 African Renewables Deal of the Year Award.

The Jasper Solar Project, which completed construction and came online in October 2014, produces 17% more electricity than Lesedi and Letsatsi, making Jasper one of the largest solar installations on the continent. This project also marks Google’s first renewable energy investment in Africa.

In addition to the environmental benefits to South Africa in helping the country move from a primarily coal based power system to renewables, the three PV projects created thousands of direct jobs during the construction and operations phase, as well as indirect and induced jobs across the supply chain. These three plants combined will power more than 210,000 South African homes and are providing significant long-term economic benefits to the region. All of the projects have set aside a percentage of total project revenues for Enterprise Development and Socio-Economic Development, for the benefit of the local communities. This is a key principle of South Africa’s BBBEE program which seeks to further social economic empowerment of formerly under-privileged individuals, which SolarReserve fully supports in our development efforts.

Jasper

The Jasper Solar Power Project, completed construction in October 2014 and is fully operational, playing a part in helping South Africa meet its renewable energy targets, in addition to stimulating long-term economic development and creating new jobs. The Jasper Project produces 180,000 megawatt-hours of energy annually for South African residents, enough to power approximately 80,000 homes.

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Lesedi

The Lesedi Solar Power Project completed construction in May 2014 and is fully operational, successfully helping to power the Eskom South African electric grid with renewable energy. The project is playing a part in helping South Africa meet its renewable energy targets, in addition to stimulating long-term economic development and creating new jobs. The Lesedi Project generates enough clean electricity to power approximately 65,000 homes in South Africa.

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Letsatsi

The Letsatsi Solar Power Project completed construction in May 2014 and is fully operational, successfully helping to power the Eskom South African electric grid with clean renewable energy. The project is playing a part in helping South Africa meet its renewable energy targets, in addition to stimulating long-term economic development and creating new jobs. The Letsatsi Project generates enough clean, renewable electricity to power approximately 65,000 homes in South Africa.

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Urban Solar Farms

Urban Solar Farms is a pioneering study into large metropolitan municipalities in South Africa, to provide a framework for large commercial and industrial electricity consumers with significant power requirements to cost-effectively deploy renewable energy in urban areas.

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