Mainstream Corporate Presentation February 2016

About MainstreamFebruary 2016

Mainstream Overview

Four Continents

Dr Eddie O’Connor /Founder & CEO• Founded Mainstream in 2008.• Previously founded global renewable

energy company, Airtricity. • CEO of Airtricity until 2007. Airtricity

was sold to utilities E.ON and SSE (UK) for €2bn.

• 2008: Founded Mainstream.• Awarded the European Wind Energy

Association’s most coveted prize, the ‘Poul la Cour’

• Named World Energy Policy Leader by Scientific American magazine.

• Named in top five most influential figures in US clean energy by Oil.com.

• Received honorary doctorates from Universities in Ireland and the UK.

Chicago

Dublin

Glasgow

Toronto

Santiago Cape Town

Johannesburg

Mainstream officesMainstream activityAs at January 2016

Outcompeted global utilities for more than 7,900 megawatts in competitive government tenders

04/03/2016 4

Projects delivered into operation

In operation MW Operation Date

Shady Oaks wind farm, USA 110 June 2012

Knockaneden wind farm, Ireland 9 December 2012

Cuel wind farm, Chile 33 December 2013

Carrickeeny wind farm, Ireland 8 March 2014

De Aar solar park, South Africa 50 April 2014

Droogfontein solar park, South Africa

50 April 2014

Jeffreys Bay wind farm, South Africa

138 May 2014

Oldman 2 wind farm, Canada 46 August 2014

Total 444MW

Projects in construction

In Construction MWOperation

Date

Noupoort wind farm, South Africa 80 2017

Loeriesfontein wind farm, South Africa 140 2017

Khobab wind farm, South Africa 140 2017

Total 360MW

Projects with PPA’s (financial close stage)

With PPA’s MW

Raragh , Ireland 12

Kangnas, South Africa 140

Perdekraal East, South Africa 110

Wind and Solar FIT, Egypt* 100

Chile wind farm awards (Oct.15) 265

Total 627MW

* Developed by JV company, Lekela

Projects in development

In Development MW

North America 713

South America 2,380

Africa 5,475

Europe 1,661

Total 9,964MW

Our story so far

2008: Founded and started to scope global opportunities

● Company founded by Dr. Eddie O’Connor and Fintan Whelan after selling Airtricity to SSE and E.ON for €2 billion.

● Signed joint venture deal with Andes Energy to develop and build an initial pipeline of 400MW in Chile.

Development total: 3,000MW

2010: Major progress offshore, sold first wind farm and raised additional funds for expansion

● Secured grid connection for the 450MW Neart na Gaoithe offshore project.

● SMart Wind (50:50) joint venture between Siemens and Mainstream) was awarded an exclusive contract by The Crown Estate to develop and build 6,000MW of wind farms off the UK’s east coast the Hornsea offshore project.

● After winning a 20 year off-take contract in a competitive process run by the Illinois Power Agency, Mainstream sold its 106.5MW Shady Oaks wind farm to Goldwind who started construction in 2011.

● Launched the Friends of the Supergrid with ten founding members and appointed Ana Aguado as CEO.


2011: Significant win in South Africa, sold first offshore project and onshore projects move towards construction

● Awarded 238MW of wind and solar contracts in South Africa under the government’s first renewable energy procurement programme. Projects to start operating from mid-2014.

● DONG Energy acquired a 33.3% stake in the first two offshore wind projects in the Hornsea zone.

● Hornsea zone became the first Round 3 project to successfully install a met mast. It used the innovative ‘Twisted Jacket’ foundation.

● Secured agreements for Lease from The Crown Estate for Neart na Gaoithe and Hornsea, Project One.

● Secured grid connection for the second 1,000MW of Hornsea.

● Mainstream’s offshore business independently certified by Lloyds Register for Quality Assurance (LRQA) for the integrated management system for Safety, Health, Environment and Quality.

● Purchased 22 Goldwind turbines ahead of construction of the 33MW Cuel wind farm in Chile.

● Entered the Irish market by acquiring the 9MW Knockaneden development wind project.


2009: Established key partnerships and started onshore and offshore development

● Awarded exclusive rights to develop GBP£2 billion Neart na Gaoithe offshore wind farm in Scottish Waters with a potential capacity of 450MW.

● Acquired onshore wind portfolio of 787MW in Illinois, USA.

● Signed joint venture with Alberta Wind Energy Corporation to develop an build 400MW in Alberta, Canada.

● Signed joint venture with Genesis Eco-Energy to develop and build over 500MW in South Africa.

● Commenced development work on 1,200MW Horizont offshore wind farm in Germany.


Our story so far2012: Construction starts on projects in Ireland, South Africa, and Chile. Offshore projects achieve significant milestones and major fundraising closed

● Four wind projects commence construction totalling 247MW

● Jeffreys Bay wind farm, South Africa – 138MW

● 50MW Droogfontein solar park, South Africa

● 50MW DeAar solar park, South Africa

● 9MW Knockaneden wind farm (operational late 2012)

● 450MW Neart na Gaoithe wind farm makes submission for key consents.

● Secured debt facility with Macquarie Capital Group Limited for up to £60 million.

● Launched 5,000MW Energy Bridge project which will export onshore and offshore wind energy from Ireland to the UK.


2013: Construction progresses on wind and solar farms. Deals completed with IKEA and Actis and major fundraising concluded

● Construction continues on 238MW of wind and solar farms in South Africa.

● Commenced building 87MW of wind farms

● 33MW Cuel wind farm, Chile

● 46MW Oldman 2 wind farm, Canada

● 8MW Cahirciveen wind farm, Ireland

● 450MW Neart na Gaoithe offshore wind farm received onshore planning consent.

● Deployed the North Sea’s first commercial floating LiDAR wind device for Neart.

● IKEA signs agreements to purchase two wind farms (Ireland and Canada).

● Established new joint venture with global pan-emerging market investor Actis - ‘Aela Energia’.

● Closed a transaction for an equity commitment from Marubeni Corp.

● Awarded 360MW of wind farm contracts in South Africa - REIPPP

● Energy Bridge project impaired due to lack of a concrete intergovernmental agreement between the UK and Ireland governments.


2014: Successfully took six wind and solar farms through construction andinto commercial operation. Received planning consent for two large-scale offshore wind farms and raised €60 million in new corporate debt facility

● 238MW entered commercial operation in South Africa.

● 46MW Oldman 2 wind farm reached commercial operation and transferred ownership to IKEA. Mainstream provides O&M.

● 8MW Carrickeeny wind farm reaches commercial operation and transfers ownership to IKEA. Mainstream provides O&M.

● 33MW Cuel wind farm, Chile, reaches commercial operation and transfers ownership to Aela Energía.

● Announced plans to build Ghana’s first utility scale wind farm – Ayitepa, 225MW near Accra.

● Received planning consent for the 450MW Neart na Gaoithe offshore wind farm.

● Raised €60.6 million in new corporate debt facility.

● Three South African wind farms with a combined capacity of 360MW to begin construction in 2015.

Development total: 13,149

Our story so far2015: UK Government awards CfD for offshore wind farm, 250MW awarded to Mainstream in SA, new platform- Lekela Power established in Africa and DONG Energy purchases remainder of HornseaZone.

● SMart Wind submits Project Two of the Hornsea zone to the Planning Inspectorate.

● Completed financial close for three wind farms in South Africa.● Launches €1.9bn pan-African renewable energy platform – Lekela

Power with Actis. ● UK Government awards Mainstream ‘Contract for Difference’ (CfD)

for £2bn offshore wind farm –Neart na Gaoithe.● Ayitepa wind farm (Ghana) continues the development cycle with

community consultations taking place.● Wind measurement campaign completed at Neart na Gaoithe

offshore wind farm using innovative floating LiDAR.● Mainstream awarded 250MW of wind energy projects in South

Africa Government tender.● Mainstream’s JV Lekela Power signs MOU’s for projects in Egypt.● Mainstream organises a celebration of wind power in Ghana for

Global Wind Day near the site of the 225MW Ayitepa wind farm -over 250 school-children participate.

● First foundations complete for Noupoort wind farm (80MW) in South Africa.

● Mainstream successfully concludes sale of SMart Wind offshore wind to DONG Energy.

● Chile’s National Energy Commission awards Mainstream’s JV, Aela Energía 265 megawatts in October 2015. Aela won 65% of the total megawatts awarded with renewable energy out-pricing fossil fuels.

● Mainstream’s pan-African JV, Lekela Power was awarded a 250 megawatt wind project in the Gulf of Suez in November 2015.


Global Wind day celebrated in Ghana

Floating LiDAR - Scotland

Corporate fundraising - €362m

DateInvestment

amountCumulative

raised Description

Dec 2014 €60m €362Closed a four year €60m corporate debt facility arranged by BlueBay I Ireland Corp Credit Ltd with substantial investment from the National

Pensions Reserve Fund of Ireland.

Oct 2013 €50m €302m Closed an equity investment from Marubeni Corporation.

Sept 2012 €40m €252m Corporate facility closed with Macquarie Bank and Macquarie Capital comprising junior debt and equity warrants for up to €60m.

Sept 2012€17m €212m Equity raised from retail investors in Ireland.

Dec 2011 €40m €195m Refinanced loan notes issued in December 2008 with €40m loan notes from retail investors.

Aug 2010 €57m €155m Raised €57m from retail investors in a series of equity fundraising rounds.

Dec 2008 €26m €98m Successfully raised €26m in loan notes from Irish retail investors.

Aug 2008 €40m €72mClosed a €20m investment from Barclays for a 14.6% stake in the company, with the Board, management, staff and related parties

investing a further €20m.

Feb 2008 \ €32m Founded with a seed capital of €32m.

€3

62

m

Eddie O’Connor – Chief Executive

● Eddie is a world renowned entrepreneur and leader in renewable energy.

● Founded Mainstream in 2008 following ten years as Chief Executive Officer of Airtricity - a company which he founded in 1997.

● Airtricity was subsequently sold to utility giants, SSE and E.ON for €2bn in 2008.

● Eddie is a pioneer of the European Supergrid and was integral in the setting up of the not-for-profit organisation – Friends of the Supergrid.

● Received honorary Doctorate’s - University College Dublin (UCD), Dublin City University (DCU) and University of Hull in recognition of his major contributions to business and science.

● Previously named World Energy Policy Leader by Scientific American magazine

● Named by Oilprice.com as one of the five most influential figures in the US clean energy sector.

● Eddie has been presented with the Leadership award at the annual Ernst & Young Global Renewable Energy Awards.

● He has been awarded the highest accolade from the European Wind Energy Association in 2012, ‘Le Poul Le Cour’.

Our Board of Directors

Dr. Eddie O’ConnorFounder and Chief Executive

• Founded and subsequently sold global renewable energy company Airtricity.• Named world energy policy leader by Scientific American magazine• Oil.com named him one of the top five most influential figures in U.S. clean energy• Eddie brought forward the concept of the European Supergrid • Presented with Leadership award at the Ernst & Young Global Renewable Energy Awards• Awarded the Poul la Cour award for his outstanding contribution to wind energy by the

European Wind Energy Association.

Sir Roy GardnerChairman

• Non-Executive Director of Willis Group Holdings Limited • Senior Independent Director at William Hill plc and Senior Advisor at Credit Suisse• Chairman of the Advisory Board of the Energy Futures Lab at Imperial College London• Previous roles include Chief Executive of Centrica plc and Chairman of Manchester United

plc, Connaught plc and Plymouth Argyle.

Andy KinsellaExecutive Director/Chief Operating Officer

• Chairman of SMart Wind• Member of the Renewable Industry Advisory Board, International Energy Agency, Paris• Advisor to the Independent Committee on Climate Change, London.

Torben AndersenExecutive Director/ CEO, Onshore

• Responsibility for all global onshore development operations including emerging markets• Non-Executive Director of Make Consulting.• Developer and dealmaker in Airtricity where he worked for six years prior to joining

Mainstream.

Barry LynchExecutive Director/ MD, Onshore Procurement, Construction and Operations

• Responsibility for procurement, construction, project finance, equity sale and operations functions of the company’s onshore wind and solar plant globally

• Led commercial transactions for Mainstream in Canada, USA, Chile, South Africa and Ireland with a number of debt and equity partners from Europe, China and Africa.

Terry RyanExecutive Director/ Group Finance Director

• Appointed Director in February 2015.• Over twenty years’ experience of senior financial executive and management positions.• Prior to Mainstream, Chief Financial Officer of the SIAC and Glen Dimplex Groups.

http://oil.com/

Our Board of Directors (continued)

Mark BrownNon-Executive Director

• Appointed to the board of Mainstream in August 2008.• Founded the Global Natural Resource Investment business (GNRI) within Barclays in 2006

and led the management buyout transaction in 2015.

John LaveryNon-Executive Director

• Chairman, LKG Ballagh Solicitors.• Co-Founder of Airtricity.

Brendan HalliganNon-Executive Director

• Founder and Chairman, Institute of European Affairs. • Former Chairman, Sustainable Energy Authority of Ireland

Lesley O’ConnorNon-Executive Director

• Appointed to the Board of Mainstream in January 2015.• Plays a key role in the newly formed customer relationship function in Mainstream.• Previously worked with Murex S.A.S, Paddy Power plc and the Institute of International

and European Affairs.

Chuck WatsonNon-Executive Director

• Chairman of Twin Eagle Resource Management, a midstream service provider and energy marketing company.

• Chairman of Wincrest Ventures, a venture capital company he founded in 1994.• Co-founder and Chairman of Eagle Energy Partners from 2003 until 2009.• Former Chairman and Chief Executive Officer of Houston-based Dynegy Inc., an asset-

based integrated energy provider.• Member of the Board of Directors of Baker Hughes Inc.

• Sits on the Board of Advisors for the Angeleno Group, LLC, is a senior energy advisor to GSO/Blackstone and serves on the advisory council for DocuSign.

Satoru HaradaNon-Executive Director

• Deputy General Manager, Overseas Power Project Department V for Marubeni Corporation.

• Represents Marubeni’s interests in renewable and thermal power across the generation, transmission and distribution space in Europe and Russia.

• Over 20 years’ experience in the independent power producer field covering regions in South America, Southeast Asia and Middle East.

Our business model

Our expertise

● Project Development

● Detailed wind analysis, GIS Mapping and EIA studies.

● Planning and Consents

● Measurement Services

● Select, deploy and manage Met Masts and wind measuring equipment.

● Construction Management

● Our engineers and Project Managers engage local contractors and manage all engineering aspects incl. civil works

● Ensure highest H&S standards are met

● Commercial

● Corporate finance

● Power Sales, Procurement and Contracts

● Asset Management

● O&M services for our customers.

Mainstream’s values

Safety – we believe in a safe environment

for our people.

Zero LTI’s across the construction of Mainstream’s three Round 1 REIPPP South African projects – total installed capacity of 238MW.

Respect – we believe in showing

personal respect for everyone we deal with.

Working with communities where we develop projects – awards ceremony at the Knockaneden wind farm community fund.

Teamwork – we believe that by

working together as a team we deliver more.

We work across four continents to deliver high quality, cost effective and reliable large-scale renewable energy plant.

Entrepreneurial approach -

we believe that our entrepreneurial approach will find the solutions others can’t see.

In 2013, Mainstream signed agreements with IKEA to sell two wind farm projects on completion, Carrickeeny in Ireland and Oldman 2 in Canada.

Sustainability – we believe in a

sustainable approach to everything we do.

We sponsored the ‘Arctic Joule’ row-journey to highlight the dramatic effects of climate change. The world is on a a once-off transition to sustainability.

Innovation – we believe that by

enhancing innovation we will stay ahead of the game.

The first of its kind –twisted jacket foundation used for the met mast at the Hornsea zone, England (now owned by DONG Energy).

Global partnerships

Hornsea offshore wind farm(4,000MW) England

Partner/Supplier

Role Project Info:

JV Partner • In 2009, Mainstream and Siemens Project Ventures established a joint venture company, SMart Wind.

• SMart Wind was successful in The Crown Estate’s Round 3 offshore wind development programme and was awarded the Hornsea zone.

• Project One (1.2GW) is scheduled to commence operation by 2020 when it will become the world’s first gigawatt scale far from shore wind farm.

• DONG Energy entered a joint venture for Project One in December 2011 for 33.33% of the project, with an option to acquire the remaining 66.66% when the development project received consent from the Secretary of State for Energy and Climate Change.

• Consent was granted in December 2014 and DONG Energy, having exercised its option on 4th February 2015, became the sole owner of the project.

• On 21 August 2015, Mainstream successfully concluded the sale of SMart Wind offshore wind to DONG Energy.

Land owner and project sponsor

Project Owner (August 2015)

Jeffreys Bay wind farm, De Aar and Droogfontein solar parks (238MW) South Africa

Partner/Supplier

Role Project Info:

JV partner • Mainstream awarded PPA by the Department of Energy in South Africa to deliver 138MW of wind energy and 100MW of solar PV into commercial operation by 2014.

• Projects represent investment - ZAR5 billion• Projects reached financial close - June 2012.• Partners include: • Globeleq – a global international power

producer.• Thebe Investment Corporation – one of SA’s

most established broad based black economic empowerment investment management companies.

• Local engineering firms Enzani Technologies and Usizo Engineering.

• Local community members.• Project debt was arranged by Mainstream and

supplied by Absa Capital which has fully underwritten the debt for the three projects.

• Technical aspects for project delivery provided by Siemens.

• Wind turbines supplier - Siemens.• Solar panel supplier - Suntech.

Blackeconomic empowerment partner

Non-recourse project finance

EPC contractor and turbinesupply

Solar panel supply

Global partnerships

Knockaneden wind farm (8MW) Ireland

Shady Oaks wind farm(109.5 MW) USA

Cuel wind farm(33MW) Chile

Partner/supplier

Role Notes

Project owner

IKEA• In 2013, IKEA signed deals to purchase two

wind farms from Mainstream:o 46MW Oldman 2 wind farm, located in

Alberta, Canada ando 8MW Carrickeeny wind farm located in

Leitrim, Ireland.• Both wind farms developed, constructed and

O&M provision by Mainstream.

Electricity purchaser

IKEA • IKEA purchased wind farms at commercial operation date.

Carrickeeny and Oldman 2 wind farms(54MW total) Ireland and Canada

Partner/supplier

Role Notes

Project buyer

• Mainstream developed the Shady Oaks project.• The project was sold to Goldwind USA and

together they secured a power purchase agreement from the Illinois Power Authority.

• The project was constructed by Goldwind and is in commercial operation since 2012. Subsequently , it was sold to a Canadian investor.

Electricity purchaser

• 20 year renewable energy off-take agreement from ComEd through the Illinois Power Agency’s long term procurement plan.

Partner/supplier

Role Notes

Turbine supplier

• Mainstream purchased 22 x 1.5MW turbines from Goldwind.

• Mainstream organised non-recourse project finance with the China Development Bank (CDB) - the first time the CDB has arranged finance for a wind project in the West.

Finance

Partner/supplier

Role Notes

Turbine supplier

• 4 x 2.3MW Enercon turbines.• Commercial operation date reached in

November 2012.• Project debt was arranged by Mainstream

and supplied by Ulster Bank.• Community fund in place.

Finance

Global project finance - €1bn

‘When any bank wants to get involved in something new, they want to get involved with credible players. With players whose people have a strong track record in delivering projects successfully.’

Anand Naidoo, ABSA Capital

Jeffreys Bay wind farm

De Aarsolar park

Droogfonteinsolar park

South Africa2012

ZAR 3 billion

South Africa2012

ZAR 1.4 billion

South Africa2012

ZAR 1.4 billion

Mandated Lead Arranger, Lender

and HedgeCo-ordinator





Lenders Lenders Lenders

Cuelwind farm

Knockanedenwind farm

Carrickeeny wind farm

Oldman 2 wind farm

Chile2013

US$52m

Ireland2012

EUR€11.5m

Chile2013

EUR€Undisc.

Canada2013

CAD$72m

Lenders Lenders Lenders Lenders

Undisclosed

Mainstream and corporations

● The IKEA Group is a global leader in sustainability, with plans to power all of its operations with renewable energy and to invest £1.5bn in wind energy and solar by 2015.

● Mainstream has built two wind farms for IKEA; Ireland (9MW) and Canada (46MW).

● Mainstream continue to provide O&M for the lifetime of the wind farms for IKEA.

IKEA wind projects

Our Schools programmes

140 employees

10 offices in 8 countries

~10,000 MW in development

Delivered ~700MW into construction and operation

€362 million raised in corporate finance

~€1 billion in project level debt and equity raised

Construct,finance and

operate renewable energy projects

UK: SMart Futures

● 4 year programme to take one cohort through Secondary school (2010-14).

● Integrated with local Engineering Training Association.

● Significant local and national impact – two Ministerial visits to see the programme in action.

● Has obtained additional funding and the programme continues.

Chile

● “Ventolera and Ventarrón” educational programme in 9 schools

● Through games, activities and workshops, it introduces primary school students to wind, natural resources and energy.

● Mainstream Chile also jointly sponsored the development of a game to teach children about electricity and the energy market – ‘El Gran Mundo de la Energía’.

South Africa

● Kimberley Maths & Science Academy sponsored a cohort from Year 9 to leaving school – 60 students.

● Community with very significant social and economic issues – among the highest incidence of alcohol and drug dependency in the country.

● Find out more: https://www.youtube.com/watch?v=KOqyC70IbWk

https://www.youtube.com/watch?v=KOqyC70IbWk

We also support training

● Mainstream has supported a programme to assist 5 technical schools in Concepción since 2013.

● We have helped incorporate renewable energy content in their electricity and electronics programmes.

● Now they are building a renewable energy laboratory in one of the schools.

UKChile

● Mainstream supported the erection of a training tower at NAREC in 2010.

● Initiative jointly funded with local agencies and Northumberland College.

● Mainstream joined the advisory board for the newly established National Skills Academy for Power.

About Lekela Power

www.lekela.com

• Pan-african renewable energy generation company.

• Established in February 2015 between Mainstream (40%) and emerging markets investor, Actis (60%).

• Lekela has ambitious targets to deliver over 1,000 MW by 2020.

• Current project portfolio includes:

• Noupoort wind farm – South Africa (80MW)

• Loeriesfontein 2 wind farm – South Africa (140MW)

• Khobab wind farm – South Africa (140MW)

• Kangnas wind farm – South Africa (140MW)

• Perdekraal East wind farm – South Africa (110MW)

• Ayitepa wind farm - Ghana (225MW)

• FIT Wind and FIT Solar - Egypt (100MW).

• Gulf of Suez wind farm – Egypt (250MW)

Mainstream’s pan-African J/V:

Chris AntonopoulosChief Executive Officer, Lekela

About Aela Energia

www.aelaenergia.cl

Mainstream’s Chilean J/V:

Cuel wind farm, Chile (33MW)

Sergio Del Campo, Chief Executive – Aela Energía

• Aela Energía is set to become Chile’s foremost independent power producer generating clean, sustainable and cost effective solutions to large consumers (e.g. mines).

• Aela Energía is the long-term owner of the projects.

• Projects in Operation – 33 megawatt Cuel wind farm

• Projects pre-Construction – 265 megawatts.

• Through the partnership of Actis and Mainstream, Aela Energía’s approach during the construction and operational stages of renewable energy projects is to enforce strict environmental, social and governance codes.

Chile - award of Tenders (Oct 2015)

Cuel wind farm, Chile (33MW)

• Mainstream’s Chilean JV, Aela Energía won a tender from Chile’s National Energy Commission to build and operate 265 megawatts of wind power.

• The 20-year contract will supply regulated customers in Chile’s SIC electricity system starting from 2017.

• The tender saw thirty-one companies compete for the supply of 1,200 gigawatt hours to unregulated customers in Chile. 65% of the total allocation was awarded to Aela Energía.

• Wind and solar outbid fossil fuels on price – resulting in 100% of the power contracted being awarded to wind and solar.

Bart Doyle, General Manager, Mainstream Chile

“Mainstream is delighted to see that our investment over the past seven years in Chile has culminated in this significant win for Aela Energía in what has been a highly competitive tender process”.

Selected Case Studies

Case study: SMart Wind (4,000MW)SMart Wind was established as a joint venture between Mainstream Renewable Power and Siemens Project Ventures in 2009 to bid in The Crown Estate’s Round 3 offshore wind farm programme. Subsequently, it was awarded the 4GW Hornsea zone in 2010. The Hornsea Zone has the potential to provide electricity to meet approximately 4% of all electricity demand in the UK and power approximately 3 million homes. The total zone area is 4,735km with water depths across the zone between 30 and 40m, with maximum depths to 70m.

In February 2015, DONG Energy acquired Project One and following that, DONG Energy acquired the remainder of the Zone on 21 August 2015.

www.smartwind.co.uk

A number of milestones have been met in the development of this zone including:

• Agreement for Lease from The Crown Estate signed in 2011.• Award of Financial Investment Decision Enabling Contracts for Difference (CfD) in April 2014. • Development Consent Order for 1.2GW granted by Secretary of State – Dec 2014. • Project Two submitted to the UK Planning Inspectorate and expecting a decision by mid-2016.

Developed by SMart Wind (JV between Mainstream Renewable Power &

Siemens)

Location East coast of England

Technology Offshore wind

Capacity 4,000MW

Project owners DONG Energy

Commercial operation date Project One - 2020

Hornsea

Case study: Jeffreys Bay wind farm

Jeffreys Bay

The Jeffreys Bay wind farm was submitted to the South African Government’s Renewable Energy Procurement Programme as part of a consortium (see below). The project was awarded preferred bidder status by the Department under the first round of programme and reached commercial operation on 15 May 2014.

The Jeffreys Bay wind farm is one of the first and largest wind farms in South Africa and will assist in meeting the every-increasing demand for electricity in South Africa. At the peak of construction, employment surged to some 650 on site. The wind farm will generate enough electricity to power over 110,000 typical South African households.

www.jeffreysbaywindfarm.co.za

Developed by Mainstream Renewable Power

Construction managed by Mainstream Renewable Power

Operated by Globeleq SAMS

Location Kouga Municipality, Eastern Cape

Technology Onshore wind

Technology supplier 60 Siemens SWT2.3MW

Capacity 138 MW

Project owners Globeleq, Mainstream Renewable Power, Thebe Investment Corp.,

Old Mutual Insurance Corp., Enzani Technologies, Usizo Engineering

and local community members.

Financed by ABSA

Commercial operation date Quarter 2, 2014

Suppliers:

Case study: Droogfontein solar park

Droogfontein

The 50MW Droogfontein solar park was submitted into Round 1 of the South African Government’s Renewable Energy Procurement Programme as part of a consortium. It was awarded preferred bidder status by the Department under the programme and reached commercial operation date in 06 April, 2014.

The project is located in the Northern Cape and supplies the Eskom gridline with 85,458 MWh per year – enough electricity to meet the needs of 20,000 average South African households. Through enterprise development, the creation of procurement and employment opportunities and the development of a local community trust, the solar park has invested in the communities in its vicinity.

www.droogfonteinsolar.co.za.




Location Sol Plaatje municipality, Northern Cape

Technology Solar Photovoltaic

Technology supplier Panel: Suntech STP 290-24Vd 290 Watt

Inverter: Siemens SINVERT PVS2400

Capacity 50MW


Enzani Technologies, Usizo Engineering and Droogfontein Communal

Property Association.

Financed by ABSA


Suppliers:

Case study: De Aar solar park

De Aar

The 50MW De Aar solar park was submitted to Round 1 of the South African Government’s Renewable Energy Procurement Programme as part of a consortium. The project was awarded preferred bidder status by the Department under the programme and reached commercial operation date in early April, 2014. Each year the solar farm will generate sufficient electrical energy to meet the needs of 20,000 average South African households.

During the construction period the project created hundreds of jobs and during the twenty year operation of the solar plant approximately 20 long term jobs will be created to operate and maintain the facility.

www.deaarsolar.co.za




Location Emthanjeni municipality, Northern Cape

Technology Solar Photovoltaic

Technology supplier Panel: Suntech STP 290-24Vd 290 Watt

Inverter: Siemens SINVERT PVS2400

Capacity 50MW


Enzani Technologies, Usizo Engineering and local community

members.

Financed by ABSA


Suppliers:

Case study: Cuel wind farm

Cuel

The Cuel wind farm is located 560kms south of Santiago, close to Los Ángeles city in the Bío Bío region of

Chile. Mainstream fully developed the project in association with local authorities, municipalities and the

community. Construction of all 22 turbines was completed Q1, 2014 and, in February 2014, the project

started to generate power. Aela Energía, the joint venture company between Mainstream and Actis is fully

responsible for the Cuel project and it is the first in its 600MW pipeline.

Mainstream will continue to operate and maintain the project on behalf of Aela Energía.



Operated by Mainstream Renewable Power

Location Bío Bío Region


Technology supplier 22 Goldwind GW87 1.5MW wind turbines

Capacity 33MW

Project owners Aela Energía (JV between Mainstream Renewable Power and Actis )

Financed by China Development Bank


Supplier:

Case study: Oldman 2 wind farm

The Oldman 2 wind farm is located in Alberta, Canada. The wind farm is Mainstream’s first project in Canada. Construction started on the wind farm on 23 September 2013 and it reached commercial operation date on 5 September 2014.

At the point of generating electricity, IKEA purchased the plant. As part of the agreement with IKEA, Mainstream provide O&M for the lifetime of the wind farms.

The wind farm has a capacity factor of 40.9% and some 107,120,000 kg of Co2 is avoided each year.




Location Alberta, Canada


Technology supplier Siemens 2.3MW turbines

Capacity 46 MW

Project owners IKEA

Financed by Undisclosed


Supplier:

Oldman 2

Case study: Carrickeeny wind farm

CarrickeenyCarrickeeny wind farm is located in County Leitrim in the North West of Ireland. The wind farm is Mainstream’s second project in Ireland. Mainstream took the project over at the late development stage and following construction was sold to IKEA. Mainstream will continue to operate and maintain the wind farm on behalf of IKEA for it’s 20 year lifespan.

The wind farm is connected to the Irish national grid in Manorhamilton substation via 10km of overhead line. Annually the plant will avoid the release of 13,270 tons of CO2 from fossil fuel power generation.




Location County Leitrim, Ireland


Technology supplier 4 E82 2MW Enercon turbines

Capacity 7.65 MW (Maximum Export Capacity)

Project owners IKEA

Financed by Undisclosed


Supplier:

Case study: Knockaneden wind farm

Knockaneden

Supplier:

Mainstream entered the Irish wind market in 2011 with the acquisition of Caherciveen Wind

Limited which was developing the 9MW Knockaneden wind farm located in County Kerry in

South-West Ireland.

Mainstream managed the construction of the wind farm which consists of four Enercon

turbines. In January 2013, the Knockaneden wind farm reached commercial operation and it

is operated and maintained by Mainstream for Caherciveen Wind Limited.

A wind farm community fund was set up by Mainstream and is awarded each year to local

community groups and projects, particularly those with a focus on sustainability. The

community fund will be distributed for the lifetime of the project. Annually the plant will

avoid the release of 13,270 tons of CO2 from fossil fuel power generation.

Developed by Caherciveen Wind Limited



Location County Kerry, Ireland


Technology supplier 3 x E82 and 1 x E70 Enercon turbines, each 2.3MW

Capacity 9.2 MW

Project owner Caherciveen Wind Limited

Financed by Ulster Bank


Case study: Neart na Gaoithe

Supplier:

Neart na Gaoithe

The 450MW Neart na Gaoithe wind farm is being developed off the east coast of Scotland. When built it will provide enough electricity to power the city of Edinburgh –approximately 325,000 homes.

The project has reached a number of milestones including receipt of onshore consent from East Lothian Council (June 2013) and Offshore consent from the Scottish Government (October 2014). Also in 2014, new floating offshore wind measurement device completedvalidation at the offshore wind farm.

Neart na Gaoithe was awarded a CfD by the UK government in February 2015 and is expected to be generating electricity and fully commissioned by 2020.


Location Scotland

Technology Offshore wind

Technology supplier Siemens

Capacity 450MW

Project owner Mainstream Renewable Power

Project infographics

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Mainstream Renewable PowerTop Floor, Arena HouseArena RoadSandyfordDublin 18Ireland

Phone: +353 (0)1290 2000Email: [email protected]