Smart CCA by Sustain OC September 2017 r

“Smart CCA” by Sustain OC September 2017 r. e. think energy

Bay. Wa Group – Founded in 1923 2

Bay. Wa r. e. Renewable Energy 3

Bay. Wa r. e. provides turnkey services across the entire value chain Strategic options along the value chain Value chain Project activities Bay. Wa Strategic options Early stage development § § Site development First permits Greenfield development Late stage development Financial Structuring EPC + O&M Operation § § § Final permits PPA Acquisition of late stage project rights Tax equity Debt Sponsor equity SPV Financing strategy (full equity, project financing, tax equity structure, external equity) r. e. think energy Engineering Procurement Construction O&M Project sale before EPC Selling the electricity Project sale after EPC Project sale after tax equity buy out or IPP (balance sheet vs. financial vehicle) 4

Recent Success Stories Jacumba Solar - 28 MWDC Permitted and built in 7 months in San Diego County PPA with SCE Multi-site solar farm in North Carolina - 9. 6 MWDC Permitted and built in 7 months in Raleigh, NC PPA with Duke Energy Progress r. e. think energy 5

r. e. think r. e. cycle r. e. levant r. e. lation r. e. duce r. e. newable r. e. flect r. e. sponsible r. e. liable r. e. spect Bay. Wa r. e. Solar Projects 17901 Von Karman Avenue, Suite 1050 Irvine, CA 92614 Telephone +1 949 398 3915 www. baywa-re. us r. e. think energy 6