Shared Solar from Information about Electricity Solutions and Products Planning Business case Financial analysis Energy production modeling Power density study Financing Power Purchase Agreements (PPA) Lease Options PACE Loans Design and Engineering Electrical design Plan development & array layout Output projection Project estimate Permitting What We Do Supply Independent technology evaluation Equipment specification & provision Retail Commodity Energy System Installation Project & construction management Performance testing Commissioning Ongoing O&M Maintenance service Verify performance System monitoring NOTABLE PROJECTS White Sands Missile Range Sea Box Inc. • Location: White Sands, NV • System Size: 4.4 MW • System Type: Ground Mounted • Annual Production: 10,493,911 kWh • Annual Savings: $446,000 • Location: Cinnaminson, NJ • System Size: 1.96 MW • System Type: Roof Mounted • Annual Production: 2,548,000 kWh • Annual Savings: $101,920 Austin Community College • Location: Round Rock, TX • System Size: 312 kW • System Type: Roof Mounted • Annual Production: 445,418 kWh • Annual Savings: $45,695 Our Process: Develop business case with cash‐flow analysis Manage the Utility interconnection activities Design and engineer the solar system Secure rebates and incentives (where available) Arrange the right financial structure Install the system Obtain all necessary permits Close‐out with training and client acceptance Shared Solar Circular owns and operates array under separate entity Leases or purchases land from site host for solar arrays Shared Solar entity collects PPA revenue with Austin Energy Site host receives credit from shared solar entity through pre-agreed contract for land lease or share of PPA Customers Visibility and Exposure as Austin Energy Program Partner Capitalize operating costs, increase operating income Safe return, better than money in a bank Take advantage of best possible cost with scale and maximum incentives at optimal production Structure • Owns and operates array • Sells Energy through PPA Circular Energy Solar • Builds array • Annual O&M, Administration contract Shared Solar by CE Host Site / Customer • Hosts Community Solar array • Receives credit via landlease or production agreement Assumptions for Solar 325W Panels Groundmount, ideal orientation Agreed upon set PPA price with Austin Energy .5% degradation per year Varying usage/production throughout year Findings Install price around $1.85-2.25/watt Land lease/customer compensation amount is critical driver All businesses are cash flow positive Diminish as system degrades Questions PPA Rates being fixed or escalated or changed over time? Potential security issue? Understanding to renegotiate rate after year 7? Creating customer compensation that is lucrative but simple to understand What is power price and credit rate? Wary of not creating a security What is threshold of commitment to begin construction Getting 10% down payments into escrow account Financing Still large upfront investment The information contained in this presentation is confidential and proprietary. It is meant solely for the intended recipient. Access to this presentation by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, distribution, or any action taken or omitted in reliance on this, is prohibited and may be unlawful. Trusted by Leading Institutions Commercial Installation Examples Project: Whole Foods Domain Type: Roof Mount Size: 189kW Project: Austin Children’s Museum Type: Ballasted Roof Mount Size: 50kW Why Freedom Solar? • Proven Track Record – Breadth and experience across residential, commercial, and government sectors. Our installation team has over 30 years of solar installation experience and has completed over 10 megawatts of solar capacity to date. Since we do not subcontract any of our installations, Freedom Solar can maintain the highest level of quality and customer service to our clients. • Lifetime Warranty – Freedom Solar offers a lifetime warranty on all our installations. Our systems are engineered for reliability and rarely need service given there are no moving parts. In addition, we provide on‐going monitoring to ensure the optimal production of the system at no additional charge to the customer. Due to our ongoing monitoring and warranty coverage, the customer does not need an expensive O&M contract. • Experienced Management Team – Our installation team is NABCEP certified ‐ certified by the North America Board of Certified Energy Practitioners (NABCEP). NABCEP is the premier technical certification for solar photovoltaic engineers and installers. These certifications, and the experience that comes with them, allow us to deliver a full suite of solar energy services to our clients. Freedom Solar is also a Licensed Electrical Contractor. • Leading Solar Technology – The products we use are the very best mono and polycrystalline silicon PV modules, thin film amorphous silicon and photovoltaic laminate panels, ballasted and penetrating racking systems, and inverters. ABOUT MERIDIAN SOLAR Founded in 1999 Over 600 installations across the US Over 40 MW installed capacity Austin based, national presence Registered engineering firm TPBE # F-12806 Licensed electrical contractor TECL # 24461 Small business certified GSA Schedule Holder Austin Habitat for Humanity ReStore Austin Goodwill Industries H.E.B. Mueller Store University of Texas at Arlington Legal Zoom Commercial & Community Solar PV Design & Installation December 9, 2015 Confidential and Proprietary 2 Our History • Founded 2007, Hill Country EcoBuilders • • Goal: Affordable, Net Zero Homes Developed Expertise in Renewable Energy systems and deep energy efficiency technologies • 2009, Created Hill Country EcoPower • Solar PV systems • Rainwater Collection • Geothermal • 2012, Re‐branded as NATiVE, Inc. • $11 mm 2014 • $12 mm 2015 • 5 MW of Installed Solar PV Capacity • 150 Net Zero Homes Confidential and Proprietary Our Growth Native has been in business for seven years. Although the company was founded at the beginning of the Great Recession, it has experienced an average of 42% growth year over year and established itself as a leader in the green construction industry. 3 Our Advantage • Experience • Over 75 years combined experience in the solar industry • Leader in small and large commercial solar in Austin & Central Texas • Expertise • Our employees hold 7 NABCEP Certifications, most in Texas • Financial Strength & Stability • Highest D&B rating • Diversified revenue stream • Sustainable Business Model • Holistic Approach • Truly manage to lowest energy use • Maximize utitilization of resources Confidential and Proprietary 4 Our Management Team Lloyd Lee, CEO Nick Ryza, CFO David Dixon, VP of Renewables Confidential and Proprietary Jason Duvall, VP of Construction 5 CAMDEN MEDICAL CENTER Completed: August 2011 Contract Price: $330,000 OVERVIEW: The Solar Photovoltaic (PV) Project at the Camden Medical complex was a ground breaking historical district installation for San Antonio. Integrating solar into the classic and protected vision of the district had always been a challenge for the architectural committee overseeing the adoption of solar into the old neighborhoods. Native commissioned one of the first commercial installations in the historical district and provided a full view installation for the patients and staff of Camden Medical to see. Confidential and Proprietary 6 DELL’S CHILDRENS MEDICAL CENTER Completed: September 2013 Contract Price: $300,000 OVERVIEW: The Solar Photovoltaic (PV) Project at Dell Children’s Medical Center of Central Texas, part of the Seton Family of Hospitals, is a great example of an organization pushing to be as sustainable and green as possible. DESIGN: The first phase of a two phase installation was a 26.32 kW solar array mounted on the newly constructed east wing of the medical complex. During construction of the new wing, a temporary 3 kW solar array was mounted at the construction staging area to help offset electricity consumption during construction. The second phase of the installation was a 36.96 kW installation and was completed September of 2013. Confidential and Proprietary 7 ART MUSEUM OF SOUTH TEXAS Completed: August 2010 Contract Price: $100,000 OVERVIEW: The Solar Photovoltaic (PV) project at the Art Museum of South Texas is a 26 kW solar array that will generate approximately 32,000 kWh annually. The funding for this solar project was donated by the Green Mountain Energy Sun Club, a non-profit organization funding the installation of solar PV systems around the state of Texas. The museum building is considered by many an architectural work of art, so designing a solar panel array that would complement the existing look of the structure was of highest importance. The resulting 108 solar panel design blends well with the roof line of the museum auditorium and provides visitors and staff a perfect view of the solar array as they approach the building from the front entrance. Confidential and Proprietary 8 Other Notable Renewable Energy Clients Confidential and Proprietary 9 Corporate Partnerships Confidential and Proprietary 10 Corporate Memberships Member and Chair Charter Member Board Member Austin Solar Round Table Founder and Chair Member Member Member Confidential and Proprietary 11 Focused on Grid-Connected Distributed Solar in Texas Experience Specialization Reliability • 43 MW DC ($150MM) of completed projects • We work with utilities to integrate solar • 100% project completion • PPA contracts with AE & CPS Energy totaling 16 MW DC completing in 2016 • Dedicated staff in Austin & San Antonio • Founded in Austin in 2007 – reputation • Backed by institutions • Regulatory, finance, engineering integration Contact: gmcnamara@powerfinpartners.com, tpham@powerfinpartners.com, kngo@powerfinpartners.com © 2015 PowerFin Partners - Proprietary and Confidential 6 Community Solar Project December 9, 2015 The #1 full-service Commercial solar provider in America.* * According to the Q2 2015 GTM Research U.S. PV Leaderboard. SolarCity Confidential Slide 2 2 Company overview. SolarCity Confidential Slide 3 3 SolarCity’s national scope and breadth of experience can help you save on energy costs. The national leader in solar, SolarCity has: 9 26 80+ 400+ 1,400+ 2,000+ 14,000+ $8 Billion+ SolarCity has experience addressing major challenges. Years of experience We reduce your energy expenses. States with installations Our customers buy energy from us at a lower rate than they currently pay for electricity from utilities, with no up front cost. Operation centers School installations We offer predictable energy prices. MW installed You’ll be able to accurately predict and manage your energy costs for 20 or more years. Commercial projects We help you switch to solar seamlessly. Employees Our experienced professionals take care of every step of the process, making the transition to solar as smooth as possible for our customers. Of solar projects Source: National leader according to the Q1 2015 GTM Research U.S. PV Leaderboard. “States currently served” data as of 8/11/15; “Facilities,” “Employees” and “MW Deployed” data as of 6/30/15; “School installations” data as of 9/24/14; “Commercial projects” data as of 4/22/15; “Funds raised to finance solar projects” data as of 5/28/15. SolarCity Confidential Slide 4 4 Our solar energy systems offer predictable energy rates lower than those from utility companies for 20+ years. $ per MWh Pricing volatility in power markets. 600 500 400 300 200 100 - PJM average prices in 2014 Predict the cost of energy for 20+ years. Energy market rates are volatile and frequently rise. SolarCity agreements guarantee performance and offer predictable rates for 20 years, serving as a hedge against volatile market rates. Save money on electricity every month. Immediately reduce your energy costs. Old electric bill Solar PPA payment SolarCity customers see savings from day one with no upfront costs or capital expenditure, allowing them to invest these savings into additional high impact projects. New electric bill Before solar After solar SolarCity Confidential Slide 5 5 We simplify project development. We offer customers a fully integrated, turnkey solution so they don’t have to manage any aspect of development. Relying on our capabilities ensures the highest level of quality, safety and efficiency. SolarCity Confidential Slide 6 6 Community Solar (For land leasing) Earn additional revenue through solar. • • Convert your underutilized space into a steady revenue stream. We are offering competitive leasing rates to utilize your vacant land. Give back to your community with cleaner power. • • We will build and maintain a solar array that will provide economic and environmental benefits to your community. Using virtual net metering, all energy produced by the system will be fed back to the utility grid and distributed amongst your neighbors. We own the system, which means zero risk for you. • SolarCity maintains ownership of the solar arrays, which means we are responsible for its energy production and will perform any necessary repairs while creating zero disruption to your operations. SolarCity Confidential Slide 7 7 We are networked for incredible flexibility and reliability. Nationwide brand, local operations. Our highly trained SolarCity technicians perform maintenance when needed, and schedule comprehensive tests and inspections on an annual basis to ensure the proper operation of the system. Operations and maintenance. Our comprehensive O&M minimizes risk, including from natural degradation and environmental damages, and is guaranteed to be available for the lifetime of the system. Headquarters Regional operations centers SolarCity Confidential Slide 8 8 Our project management experience streamlines and accelerates pre-contract planning. We have a proven methodology. Our experience stems from managing and developing over 1.4 GW of solar projects, including 2,000 commercial projects across 23 states. We get the job done quickly and safely. Our capabilities ensure that projects close quickly and efficiently, reduce the risk of cancellation, and minimize the impacts on your business. Above all, we’re dedicated to safety. We reduce project risk through a vertically integrated approach. We constantly identify ways to lower costs, forecast policy changes and avoid potential project delays. We have dedicated teams focused on navigating common pitfalls of solar projects related to: Financing Government affairs Utility regulations Renewable energy credits Environmental citing & licensing SolarCity Confidential Slide 9 9 Our proprietary monitoring system helps ensure maximum system performance and rapid O&M team response. Data-driven decisions. SolarCity’s proprietary monitoring software tracks system performance, normalizing for regional weather patterns. Our O&M team can rapidly identify failures and systems that may be underperforming in order to dispatch service teams quickly. Accurate tracking of financial performance. Our monitoring system utilizes revenue-grade equipment that meets stringent utility and investor reporting requirements. Monitoring data is stored for the life of the system on a secure server with regular backups to ensure accountability. Fully-integrated customer support. We review fleet-level energy production data every three hours, identifying system failures and abnormalities, and dispatching service calls as required. This helps ensure optimal system performance and the highest level of customer support. SolarCity Confidential Slide 10 10 Our operations and maintenance program has you covered, should the need arise. Preventative Maintenance Frequency: As scheduled General Inspection: A full visual and physical inspection of all system components and surroundings. Structure Maintenance: Necessary preventive maintenance on the system’s structural components. Electrical System Testing: Troubleshooting of all electrical components will be performed through standard electrical test methods to isolate and verify performance of each component. Corrective Maintenance (Troubleshooting and Repair) Frequency: As necessary Troubleshooting: We run remote diagnostics to assess equipment failure, and send teams as needed. Solution Verification: We test and confirm the solution is working to the specifications of the contract. Low Performance and Hardware Failure: We replace failed components under manufacturer’s warranty. Corrective Maintenance Frequency: Per occurrence Inspection Checklist: Ensures all aspects of the system are in proper working order. SolarCity Confidential Slide 11 11 We offer a 100% energy performance guarantee. How it works. SolarCity uses industry-standard modeling data and tools to create an energy production estimate based on the as-built conditions of each PV system after construction is complete. Throughout the contract term, we will monitor the system to verify whether it is operating properly. At every 5-year interval, referred to as a “trueup term”, SolarCity will compare expected vs. actual production without weather adjustment. SolarCity will refund any production shortfalls on a $/kWh basis at a rate agreed to in the Performance Guarantee contract. PPA scenario True-up term Years 1-5 Example guaranteed true-up (kWh) 1,000,000 Example actual true-up (kWh) 950,000 Production shortfall (kW) 50,000 Guaranteed energy price ($/kWh) $0.02 Example payment to customer $1,000.00 SolarCity Confidential Slide 12 12 Our industry-leading technology improves installation, operational efficiency and drives savings. Mounting technology Storage Solar modules Monitoring software SolarCity has developed industry-leading mounting technology that enables faster and safer installs, improves power density, and reduces the impact on your organization. DemandLogic™ works in concert with your solar power system to intelligently reduce your peak demand, and dramatically increase energy savings. In addition to developing and manufacturing high-efficiency solar modules, SolarCity vets and selects best in class technology that improves performance and maximizes energy production, leading to lower electricity costs. SolarCity’s proprietary management system, PowerGuide, monitors all solar systems in real-time and intelligently notifies response teams to address any performance issues. SolarCity Confidential Slide 13 13 DemandLogic is a PV + Battery solution designed to offset peak demand and reduce high demand charges. Storage can save up to 20% on demand charges. Before After Demand charges are often a significant portion of your monthly bill. DemandLogic addresses peak demand charges beyond those that a typical PV system is designed to meet. Battery systems dynamically save money 24/7. Batteries are charged during off-peak times, either by daytime solar power or cheap nighttime grid power, and discharged during peak events to shave your demand charges. DemandLogic easily integrates Storage + PV. Our integrated system intelligently balances the battery and PV system so you don’t have to, and works 24/7 to save you money on energy ($/kWh) and demand ($/kW). Backup systems can protect you from outages. The optional DemandLogic backup system can keep high-priority critical systems running during power failures, and your solar array can recharge the battery system during longer outages. SolarCity Confidential Slide 14 14 DemandLogic monitors your electricity usage throughout the day and meets your energy needs during peak demand. DemandLogic represents years of development and refinement. We spent four years creating a flexible, intelligent and automated turnkey software platform that integrates and balances world-class solar PV and battery technology. Today, we use lithium-ion batteries because they’re the most reliable and economical. SolarCity Confidential Slide 15 15 PV + battery storage = DemandLogic Battery system is installed in conjunction with a solar PV system. SolarCity finances the combined system at no cost to customer. Savings on both energy ($ / kWh) and demand ($ / kW) charges. SolarCity Confidential Slide 16 16 We serve national brands, local companies, government entities, education and more. Government Commercial Schools SolarCity Confidential Slide 17 17 Select customers. SolarCity Confidential Slide 18 18 Select investment partners. Zero financial dependency. Through our investment partners, we’re able to offer solar energy with zero capital expenditures by the customer. All financing is done in-house; no third-party management or added costs. Our existing tax equity funds allow us to finance projects immediately. Over $8 billion raised by trusted investors such as Google, Goldman Sachs, Citi, Honda and Rabobank. SolarCity Confidential Slide 19 19 We’re committed to our customers, their property and time. A+ The backbone of SolarCity’s success is our dedication to customer satisfaction. We operate from over 75 regional operation centers across the country, which not only lowers costs but allows us to provide faster service. We have over 12,000 employees to provide the very best possible service to our customers. We own an A+ rating with the BBB. SolarCity Confidential Slide 20 20 Thank you. AZ ROC 243771/ROC 245450, CA CSLB 888104, CO EC8041, CT HIC 0632778/ELC 0125305, DE 2011120386/ T1-6032, DC 410514000080/ECC902585, FL EC13006226, HI CT-29770, MA HIC 168572/EL-1136MR, MD HIC 128948/11805, NC 30801-U, NH 0347C/12523M, NV NV20121135172/C2-0078648/B2-0079719, NJ NJHIC#13VH06160600/34EI01732700, NM EE98-379590, OR CB180498/C562, PA HICPA077343, RI AC004714/Reg 38313, TX TECL27006, UT 8726950-5501, VA ELE2705153278, VT EM-05829, WA SOLARC*919O1/SOLARC*905P7. Nassau H2409710000, Greene A-486, Suffolk 52057-H, Putnam PC6041, Rockland H-11864-40-00-00, Westchester WC-26088-H13, N.Y.C #2001384-DCA. SCENYC: N.Y.C. Licensed Electrician, #12610, #004485, 155 Water St, 6th Fl., Unit 10, Brooklyn, NY 11201, #2013966-DCA. All loans provided by SolarCity Finance Company, LLC. CA Finance Lenders License 6054796. SolarCity Finance Company, LLC is licensed by the Delaware State Bank Commissioner to engage in business in Delaware under license number 019422, MD Consumer Loan License 2241, TX Registered Creditor 1400050963-202404. SolarCity Confidential Slide 21 21 Standard Solar, Inc. Company Overview December 9, 2015 Jennifer Giles Jennifer.giles@standardsolar.com T: 301-569-3974 CONFIDENTIAL • • • • • • • Founded in 2004 Headquartered in Rockville, MD with offices in NY, CA and SC 50+ Employees Specializing in the financing, development, and construction of Distributed Generation (DG) solar electric systems, helping customers nationwide deploy solar energy solutions. Over 100 MW of solar financed, installed or managed, with more than 50 MW of O&M Services under contract through our partner company, Vigilant Energy Management. Full service support includes design, engineering, installation, financing and maintenance SSI has placed over $150M in large, commercial, industrial, utility PPA transactions to date Standard Solar was named one of the Fastest Growing Private Companies in America four years in a row by Inc. magazine Standard Solar was named one of the Top 100 Solar Contractors three years in a row by Solar Power World CONFIDENTIAL Standard Solar Fund • Partnering with local EPC’s as a finance partner on Austin Energy projects • SSI has recently launched a $150 million dollar solar project fund with two major financial firms. • Highly competitive pricing structure and leveraged EPC experience makes our capital deployment strategy compelling and highly cost competitive. • Full service Engineering Procurement and Construction services designed to support EPC firms and deploy capital effectively. • Manufacturer and technology agnostic, allowing us to leverage multiple qualified vendor relationships for competitive project costs • An industry leader with a national footprint CONFIDENTIAL Standard Solar provides a turnkey solution throughout the project lifecycle • • • • • • Solar system planning In-house financing Equipment supply chain Engineering design Project construction Operation, maintenance, and system monitoring Solar & EV System Planning • System design • Financial analysis • Grant and incentive analysis Financing • Cash turnkey solutions • Power purchase agreements • Traditional financing Design & Engineering • Final PV array design with calculations • Drawings with Electrical and Structural stamp Construction & Supply Chain • Permitting and Interconnection • Project management, site management, and QC • Provide racking, modules, inverters, wiring, and connectors Operation & Maintenance • Testing and commissioning • Web-based monitoring and trending • Operation and maintenance Project Experience Commercial Academic Government Utility Client Name: Washington Suburban Sanitary Commission (WSSC) Location: 2 Sites (Upper Marlboro & Germantown, MD Type: Power Purchase Agreement Deal Highlights: • Competitively won RFP for two 2.49 MW Ground Mounted systems • Project was over $11 Million, and technical in nature with a very aggressive timeline • PPA Financing provided by third party financial partner System Performance at a Glance System Size/Type 4.98 MW Yearly Generation 7,090 MWh Supporting Structure Ground Mount Modules 16,896 Panels Completed September 2013 Client Name: Terry Sanford Federal Building Location: Raleigh, NC Type: Cash Purchase Project Highlights: • Developed solar power generation solution to assist GSA reach their decreased energy consumption mandate • Complete solar project in compliance with ARRA regulations and “MADE IN USA” requirements • Provides building with 20% of annual energy needs System Performance at a Glance System Size/Type 560 kW Yearly Generation 772 MWh Supporting Structure Ballasted Roof Mount Modules 2,350 Panels Completion January 2011 Client Name: Department of Energy Location: Washington, DC Type: Cash Purchase Deal Highlights: • First agency headquarters with roof-mounted solar system • 205 kW supplies 8% of electricity during peak demand • Largest solar array between DC and Florida when completed in September 2008 System Performance at a Glance System Size/Type 205 kW Yearly Generation 200 MWh Supporting Structure Modules Completion Ballasted Roof Mount 891 Panels January 2011 Client Name: American University Location: Washington, DC Type: Power Purchase Agreement Deal Highlights: • Provided a complete, turnkey solar power facility, including design, engineering, financing and construction • PPA contract provides client with no initial expenditure, predictable energy costs, and power at a discount to utility provided energy • No operating or maintenance risk System Performance at a Glance System Size/Type 532 kW Estimated Yearly Generation 605 MWh Modules Supporting Structure Completion 2,151 Panels Ballasted Roof Mounts September 2011 Client Name: Anne Arundel Community College Location: Arnold, MD Type: Power Purchase Agreement Deal Highlights: • AACC is expect to save $300,000 in electricity costs over life of agreement • ARRA Compliant with use of $750,000 Maryland Project Sunburst Grant • Installation completed without interruption to normal school operations • Standard Solar provided full turn-key solution from engineering to financing System Performance at a Glance System Size/Type 753 kW Yearly Generation 900 MWh Supporting Structure Modules Completed Carport 3,100 Panels April 2011 Client Name: University of Delaware Location: Newark, DE Type: Power Purchase Agreement Project Highlights: • Custom racking solution created to work around unique nature of sloped field house roof • Provided a complete, turn-key solar power facility, including design, engineering, financing and construction • No initial expenditure, predictable energy costs, discounted power System Performance at a Glance System Size/Type 850 kW Yearly Generation 1,035 MWh Supporting Structure Modules Completed Roof Mount (Various) 3,168 Panels December 2010 SunPower We change the way our world is powered Bringing Utility Scale Solar to Texas Vivek Pandya Vivek.Pandya@sunpowercorp.com 512.735.0125 Edward Smeloff Edward.Smeloff@sunpowercorp.com 510.260.8437 © 2015 SunPower Corporation | Confidential © 2015 SunPower Corporation | 1 SunPower We Change the Way our World is Powered RESIDENTIAL COMMERCIAL POWER PLANTS $3.0B >6K 5+ GW 22.4% >200 6 2014 Revenue SunPower Employees Solar PV Deployed Record Efficiency1 Patents Secured Continents Covered SunPower holds the world-record large Silicon panel efficiency (22.4%). Green, M. A., et. al. “Solar Cell Efficiency Tables (version 43),” Progress in Photovoltaics, 2014. 1 © 2015 SunPower Corporation | 2 • 30-year proven track record of unmatched excellence in the solar industry, with a global footprint spanning utilities, commercial and residential. • Strong financial performance as a profitable company with a great debt-to-equity ratio and backed by Total, the fourth-largest oil and gas company in the world1. • Vertical integration gives SunPower the ability to control every step of the process from manufacturing to delivery – resulting in better technology, a better value, and a better experience. • Global experts have identified SunPower as the most requested brand2 due in part to our customer experience programs, including closed-loop learning with rapid deployment. 2 Gilligan, C., et al. 2014 PV Module Customer Insight Survey. IHS © 2015 SunPower Corporation | 3 SunPower Commitment to Growing Solar in Texas High Caliber Workforce • Two Austin Office Locations – More than 250 SunPower Employees • Highly strategic functions, integral to SunPower’s continued growth and innovation – Corporate Functions – Service & Support – Sales & Marketing – Project Development & Management © 2015 SunPower Corporation | 4 The Power of One™ © 2015 SunPower Corporation | 5 © 2015 SunPower Corporation | Confidential © 2015 SunPower Corporation | 6