Desert Solar – Saudi Arabia Vision on the Saudi Solar Energy market in 5 years from now

September 2014

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Corporate structure

Desert Technologies

dt services •  EPC contractor in multiple

renewable technologies •  Power plant operation

and maintenance services •  JV with Maccaferri Group

dt labs •  Manufacturer of c-Si (75MW

capacity) and a-Si (20 MW capacity) PV modules and mounting racks

•  R & D labs and partnerships

dt energy •  Generation project

developer •  Actively deploying capital

across multiple renewable energy technologies

The Maccaferri Group (IT) Empower Energies (USA)

Nour Mousa (USA) Other international investors

Abdullah Al Nojaidi Dr. Hisham Jamjoom Ihab Elsamannoudi

Mamdouh Al Maddah Mohammed Alabden Mohammed Al Assaf

Mohammad Al Sabban Mohammed Kabli

Mohamed Makki Jamjoom Dr. Musaid Al Assaf Mustafa Al Sahan

International Investors

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dt labs Manufacturing

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dt services Construction

dt energy Project Development

Modules

Turn-Key EPC

Our Integrated business model creates pull demand for our products

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Crystalline Silicon (c-Si)

•  75W capacity module assembly line

•  High efficiency modules

•  Excellent economics

•  The industry standard worldwide

Amorphous Silicon (a-Si)

•  20 MW full production line

•  Can be laser scribed to any design

•  Flexible transparency and colour

•  Uniquely suited to the BIPV market M

anu

fac

turin

g

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DT’s a-Si thin film line

TCO Patterning

a-Si Deposition

ZnO deposition

Plate Testing

Al Patterning

Glass Preparation

Al deposition

Module Testing

Encapsulation Heat Aging

a-Si patterning

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DT’s c-Si module line

Desert Technologies

Washer

Stringers

Lay up

Interconnection Laminators

Flash tester Junction box Framing

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DT expansion upstream in c-Si

Silicon Ingot Brick Wafer Cell Module System

The Crystalline Silicon Value Chain:

Current DT capabilities in c-Si

Direction of DT Expansion

Over time, DT plans to expand upstream in the crystalline silicon module value chain, with silicon itself probably being sourced from local companies currently at the planning stage.

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DT’s announced pipe-line in the region

Project  Name   Country   Project  Type   Size   Client   Status   Next  Steps  Falcon  Ma'an   Jordan   Build,  Own  Operate  

Government  Tender  23MW   The  Government  of  Jordan  (Ministry  

of  Energy  and  Mineral  Resources)  who  are  moving  into  renewable  

energy  (parGcularly  solar)  to  combat  their  reliance  on  high  cost  imported  

energy.  

Awarded  and  financing  approved  

ConstrucGon  starGng  in  December  

Round  II  Jordan   Jordan   Build,  Own  Operate  Government  Tender  

50MW   MOU  signed  with  government.  In  partnership  with  Astronergy  

Bid  submission  in  December  

DEWA  100MW   UAE   Build,  Own  Operate  Government  Tender  

100MW   Dubai  Electricity  and  Water  Authority,  as  part  of  the  UAE's  

commitment  to  Renewable  Energy  has  launched  several  mega  scale  projects,  including  100MW  to  be  

built  by  2017.  

SubmiUed  qualifciaGons  with  Astronergy  and  SECI  Energia,  qualified  and  awaiGng  RFP  

AwaiGng  detailed  RFP  

Yassat  Island  Palace/  DEWA  

UAE   ConstrucGon  only  Tender   0.8MW  hybrid  solar/Diesel  Generator  

Acknowledged  by  DEWA  as  the  lowest  bidder,  technical  quesGons  answered  

WaiGng  for  decision  

UGco  LLC  -­‐  RAK   UAE   Build  Own  Operate   40MW  +  CCGT   Government  of  Ras-­‐Al-­‐Khaimah   Qualified,  waiGng  for  RFP   Finalize  ConsorGum  and  submit  proposal  

Hashemite  University  

Jordan   ConstrucGon  only   5MW   Hashemite  University  (public  university  in  Jordan).  UniversiGes,  like  heavy  industry  and  large  scale  commercial  enterprises,  have  to  pay  tariffs  for  Electricity  of  between  

0.27-­‐0.31  JD/kwh.  Solar  energy  costs  less  than  a  half,  so  we  are  seeing  a  

boom  in  projects  in  Jordan    

SubmiUed  final  documents  WaiGng  for  decision,  bid  bond  extended  most  likely  will  switch  to  Development  project  

Be'eah  -­‐  Sharjah   UAE   Build  Own  Operate   10MW  PV  and  1M  Waste-­‐to-­‐Energy  

Emirate  of  Sharjah,  public  uGlity  company  Be'eah,  which  com  

Registered  pending  qualificaGon  

waiGng  for  qualificaGon  

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Our aim is to reach 500MWs of production in 5-6 years

2014: * 20 MW a-Si plant with engineering lab and R&D facility

* 75 MW c-Si assembly

2015-2018: * Expansion upstream

* Expansion of capacity

* Achieve sizeable market share in KSA

* Growth of EPC and development business

* Access secondary markets

2019-2020: * IPO on Riyadh Stock Exchange

* 500 MW of production

* Regional market share across the PV value chain

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Utility scale ground mounted installations are at the core of both our EPC and development business. With significant economies of scale, these large installations are ideal for grid connected projects or off-grid projects with a high consumption off-takers such as factories, mines, desalination plants, residential compounds or isolated villages. Ground mounted installations, unlike rooftop or carport installations, requires plentiful availability of land. We are also highly experienced in managing the interconnection, including high tension lines, of the utility scale plants to the electricity grid. As with all our EPC business, we can continue to look after the plant after completion, providing operating, maintenance and security services for all types of installation.

EPC: ground mounted

Desert Technologies

5.928 MW, PARMA, ITALY 1 MW, LECCE, ITALY 14.963 MW, FOGGIA, ITALY

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We use high efficiency crystalline silicon panels to transform unused roof space into an electricity generating asset. P a r t i c u l a r l y s u i t a b l e f o r t h e u r b a n e n v i r o n m e n t w h e r e e m p t y l a n d i s prohibitively expensive, rooftop installations carry additional advantages in hot countries. By insulating the roof against direct sunlight, the pane l s s ign i f icant ly reduce a i r conditioning costs. Furthermore, the elevated location of the panels reduces the risk of theft or accidental damage. Our engineering team have over 90MW of rooftop installation experience in this increasingly popular solution, making us a world leader in the field.

1,827.12 KWp IN LUCCA, ITALY

198.88 KWp AT FERRARI SPA, MARANELLO

901.60 KWp IN BRESCIA, ITALY

EPC

: ro

ofto

ps

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PV Carport canopies are a stylish and efficient solution that combine electricity with providing shelter to parked cars. The canopy can be integrated into a variety of different carport designs and structures, c r e a t i n g a p r o g r e s s i v e a n d s t y l i s h architectural statement. By installing solar panels directly onto the structure instead of layering them onto the roofing materials, we can offset some of the construction cost. Carport canopy systems can stand alone or be combined with other building systems, such as curtain wall integrated panels or rooftop mounted arrays, to directly reduce electricity bills and minimize reliance on the grid.

900 KWp AT CAL EXPO,SACRAMENTO,CA

216 KWp IN LUCCA CAR PARK, ITALY

390 KWp IN ARDEN FAIR MALL, CA

EPC: c

arp

orts

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Our uniquely versatile amorphous silicon thin film (a-Si) technology opens up a wide variety of possibilities in building integrated photovoltaics. By adjusting the transparency, thickness, colour and size of the glass and substrate, electricity generating modules can replace tinted windows, transforming the absorbed sunlight into electricity to power the building’s needs. The modules can be made to almost any requirement, and by working closely with architects and designers during the planning stage can be made to fit seamlessly with the building’s overall aesthetic.

184 KWp, MACCAFERRI HQ, BOLOGNA, ITALY 80 LAIGHT STREET, NYC PHILADELPHIA SCHOOL OF THE FUTURE,USA

EPC: curtain wall and BIPV

Desert Technologies

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Case Study: 4 Times Square, a landmark in building integrated amorphous silicon

This 48 storey building, developed by the Durst Organization in New York City in the mid 1990s, demonstrates the potential of BIPV. Kiss + Cathcart architects were the consultants for the building’s state-of-the art, thin-film BIPV system, working with Fox and Fowle architects for the overall design. Kiss + Cathcart designed the BIPV system to function as an integral part of the tower's curtain wall. EPV Solar (now wholly owned by Desert Technologies), developed the custom PV modules in 1997 to meet the aesthetic, structural, and electrical criteria. BIPV panels have been integrated into the curtain wall instead of conventional glass spandrel panels on the South and East Facades from the 37th through to the 43rd floor. The modules are attached to the building structure in exactly the same way as standard glass. There is a separate electrical system for each façade, consisting of two subsystems, feeding two 6kW inverters and one 4kW inverter. Using multiple inverters enables the system to perform more efficiently. THE CONDE NAST BUILDING, 4 TIMES SQUARE,

NEW YORK CITY

Desert Technologies

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JV with the Maccaferri Group

Revenues 1.4 Billion EUR

No. of Employees 4,200

Established 1879

Business Areas Energy, Real Estate,

Engineering, Biotech

Footprint Global

Desert Technologies

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Vision on the Saudi Solar Energy market in 5 years from now

•  Update on Policy and Regulation

•  Current market status: realized projects and pipe-line

•  The way to move forward: short- and long term goals

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Update on Policy and Regulation: The Bermuda Triangle effect

Desert Technologies

P&R

Market

ARAMCO

KACARE SEC

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Current market status: realized projects & pipe-line

Desert Technologies

COMMISIONED  PROJECTS  Project  Name   Size   Owner   Yr   Technology  KAUST  Solar  Park   2.00  MW  Aramco   2010   c-­‐Si  Pilot  &  Training  Project  (Farasan)   0.50  MW  SEC   2011   CIS  Aramco  Solar  Carport   10.50  MW  Aramco   2012   CIS  

Princess  Noura  University  Solar  HeaGng   25.00  MWth  Princess  Nora  University   2012  Solar  HeaGng  

King  Abdulaziz  InternaGonal  Airport  Development  Project   5.40  MW  General  Authority  of  Civil  AviaGon  (GACA)   2013/???   ???  

King  Abdullah  Petroleum  Studies  &  research  Center   3.50  MW  Aramco   2013/???   ???  King  Abdullah  Financial  District  project   0.20  MW  KAUST   2012   c-­‐Si  Total   47.10  MW  

ANNOUNCED  PROJECTS  Project  Name   Size   Owner   Yr   Technology  

Makkah  Solar  Project   100.00  MW  Makkah  Municipality   2018/???   c-­‐Si  Duba  1  (550MW  ISCC)   30.00  MW  SEC   ???   CSP  Aramco  -­‐  SEC   300.00  MW  Aramco  -­‐  SEC   2015/???   c-­‐Si  KAPSRC   1.80  MW  Aramco   2015/???   c-­‐Si  KACST   10.00  MW  KACST   2015/???   c-­‐Si  Total   441.80  MW  

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1ST CPV deployment in the world; KACST Solar Village, KSA early 1980

Desert Technologies

Solar�Village:�Early�Adoption�of�CPV�in�Saudi

First�concentrating�photovoltaic�deployment�in�the�world�,�early�1980’s

Solar Energy in KSASolar�Energy�in�KSA�

Dr.�Hussam Khonkarkhonkar@kacst.edu.saCPV�Program�Manager

King�Abdulaziz�City�for�Science�&�Technology�(KACST)

World�Future�Energy�SummitAbu�Dhabi,�UAE�January�15Ͳ17,�2013

The way to move forward: short- and long term goals

www.desert-technologies.com

We look forward to working with you. Please don’t hesitate to contact us for further information or enquiries.

Eng. Nour Mousa Chief Executive Officer KSA: +966-535-197-555 USA: +1-917-346-1007

mousa@desert-technologies.com

Dr. Musaid Assaf President KSA: +966-555-444-021 USA: +1-703-303-7755

assaf@desert-technologies.com

Dr. Nabih Cherradi Chief Technology Officer KSA: +966-543-836-102 EU: +41-796-646-515

cherradi@desert-tecnologies.com

Augustus Rylands Head of Business Development KSA: +966-543-073-076 USA: +1-212-518-8890

rylands@desert-technologies.com