ENERGY IS HERE

126 MW solar portfolio Negros Occidental ( Bacolod)

Sugarlandia

juwi Confidential

TABLE of CONTENT

1. Project Snapshot
Introduction
Site Locations
2. Project Development
Project Development
Site Pictures
3. Technical Package
Soil & Flood Studies
Layout and Topo studies
Energy Yield Analysis
4. Commercial Package
Development Fee Proposal

Project Snapshot
Introduction 1/2
One site with 3 adjacent land owners up to 154 hectares that have been secured in Negros Occidental
Service Contract received Blocked ~800ha; ECC permit obtained
Preliminary Facility Study Grid received
Grid Impact Study / System Impact Study conducted and preliminary results received 50 MWp
PV Power plant to be connected to the NGCP 69 kV or 138 kV for capacity above ~ 60 MWp
No right of way needed. Direct access to 69 kV transmission line on site (north east plots)
All sites have DAR Certificate of Exemption and/or Notice of Non-Coverage
Non irrigated land, to date used for sugar cane plantation
All sites have proper land titles
Topography, Flood and Soil studies have been conducted and all sites are solar ready
Landlords and local LGUs are very supportive of the project

Project Snapshot
Introduction 2/2
Land lease option terms have been agreed 25yr lease ; Lease contract renewable
Average PHP 75k per hectare per annum excluding taxes
10% escalation every 5 years
Landlords are prominent local businessmen/politician with
good standing in society
Substation and Transmission lines have adequate capacity
for all solar plants (site approx. 1.5km direct line from the
NGCP substation or by road 4.5km)
Clean SPV set up for the project
No coconut trees

Expansion sites have been identified

Discussions with NGCP at local and national level
All local LGU permits obtained
Good Site Access for Construction Equipment, and easy
access with flight Manila - Bacolod
Initial plant layout design done by juwi
Local construction contractors qualified

Sites locations

Project Development
Site Pictures

Technical Package
Site layout & Topographical studies
Currently planned with 50 MWp, design on left shows up to 61MWp
69kV transmission line shown in red on east corner of upper plot
juwi conducted extensive site selection and engineering and project is
construction ready from engineering perspective
Topographical & hydrological studies for all sites conducive
Availability of local labor and construction assets

Technical Package
Soil & Flood Studies
Flood and Soil studies for all sites have been
conducted
There is no flood risk on any site
Soil conditions are good
Initial screw pile solution has been identified

Technical Package
Energy Yield Analysis

The

yield

carried

out

analysis

was

with

the

simulation software PVSYST

and global Meteorological
data provided and generated

by SolarGIS.
A degeneration of 0.7% per
year of the initial first year
simulated

calculated.

output

can be

Project Development in Partnership with juwi as EXCLUSIVE

development & Technical Partner
Key Person

Ms Maricel Monfort

juwi minority in Project SPV

Majority shareholder in Negros PH Solar ( Project

SPV)

Founded in 1996

juwi AG headquarter in Germany

Renewable Energy specialist

~1,000 employees (worldwide)

> 3,200 MW in Wind, Solar and Bio

Successful and prominent businesswomen

resident in Bacolod
Varied business interests in property, land,
agriculture, hospitals and water resources

Very strong local network and relationships

Investment volume (since 1996) > 7.6 billion USD

Supported by an experienced team of developers

and technical specialists, incl land, legal, finance,
regulatory, etc

Germany, Japan, USA/Canada , India, Singapore,

Thailand, Malaysia, Australia, Philippines,South Africa,

Great Britain, Italy, Greece, Czech Republic, Chile

Commercial Package Development Fee

Executive Summary Payment and Milestones

Summary

Proposal

Expansion - Exclusivity

Total MWp

50 MWp

+75.8MWp (total 125.8 MWp)

Scenarios

BASE CASE

UPSIDE CASE

~US$ 1MM

$100,000 per MWp

Signing Term Sheet & Lease Agreement

US $ 30,000 per MWp

Certificate of grid adequacy by NGCP

US$ 30,000 per MWp

Issuance of key permits (ECC, BOI, BOC and COC permits)

US $ 40,000 per MWp

Additional Bonus (US$/MWp)

US $ 50,000 per MWp

US $ 150,000 per MWp*

Announcement of applicable solar policy or tariff or PPA

US $ 25,000 per MWp

Issuance of NTP

US $ 12,500 per MWp

US $ 100,000 per MWp

Commercial Operation

US $ 12,500 per MWp

US $ 50,000 per MWp

Land lease (5 year lease rental upfront)

Total Base Fee (US$/MWp)

Milestones

Milestones

* to be proportionated based on final MW (SIS) approved by NGCP