Leading the World in Solar Thermal Power

1

Solar Fuel for a Clean Planet
2
(No Transcript)
3
Who is Solel?

• A technology company, providing a one-stop
  solution for utility scale solar fields
• The only commercially proven electricity-producing
  solar thermal technology
• 350 employees largest solar thermal company.
  Many engineers involved in building original SEGS
• Ongoing major investments in RD and production
  capacity
• Over 450 million in backlog in 2008

4
What is Solar Thermal Power?

• Free and secure resource, widely available and
  highly predictable
• Uses reflectors to concentrate suns energy and
  create heat
• Uniquely suited for answering peak demands

5
CSP Technology Comparison Parabolic Trough the
Dominant Technology
Dish
Tower
Parabolic Trough
5 25 KW (per dish)
10 64 (MW)
50 600 (MW)
Size Scale
25 - 30
16-18
14 - 18
Cost (cent\kWh)
Embryonic - Pilot underway
Proof of concept
Mature technology, 20 yr commercial track record
Commercial Status
92
Negligible
5-7
Market share by 2012 (MW)
Parabolic Trough the de facto CSP standard only
bankable technology
Source Solel studies
6
Size of Market
Source Emerging Energy Research
7
Reliability of Solels Parabolic Trough Technology

• Solels parabolic trough plants have provided
  consistent and reliable power generation for over
  twenty years
• Dependable revenue stream
• California SEGS/Solel technology has never fallen
  below 98 of rated capacity
• Solel has consistently evolved the technology to
  introduce improved efficiencies and output
• 2002 US DOE report to Congress SEGS
  demonstrate CSP systems achieve reliability
  equal to fossil-fueled plants

8
SOLEL SIGNS AGREEMENT WITH SACYR OF SPAIN TO
BUILD THREE 50 MW POWER PLANTS
9
Elements of a Solar Power Plant

• Power Block
• Solar Field
• HTF System
• Civil works
• Miscellaneous

10
Solel main products

• UVAC 2008 solar thermal receiver
• Parabolic reflector panels
• Solar Fields (loops)

11
Solel Solar Thermal Investor POV

• Parabolic trough is mature commercial technology
  bankability
• Infrastructure projects gt 40 year life
• Dependable revenue stream, lends itself to
  non-recourse project finance approach
• Structured finance
• Solel vertical control

12
Solel Solution On-Site Power Plants
Plant operating at Solel Headquarters, compact
parabolic trough located on top of car park,
power block in middle front.
13
(No Transcript)
14
Solel Solution Industrial Cooling and Heating
Industrial cooling and heating system installed
in Trento, Italy
15
Large Scale Water Heating - Spain
16
Air Conditioning (Toyama Japan)
17
Pool Heating
18
Solel Delivering clean power when its needed
most
Thanks for your time
kennyk_at_solel.com