Just some thoughts I would like to share, any others.

1. Any other thoughts,
I having been in the renewables industry over 16 years I have watched the rise and fall of several
companies. Sunpower/First Solar yieldco while some may look at it as an assets and liquidity play, it is
much bigger than that. This gives Sunpower and First Solar a market leverage across the board globally.
To a level that will rival the Asian and German PV production market. With the solid support of the
yieldco FS/SP will move forward with a slow but solid and continuous financial model for both
companies to be able to capitalise on becoming self sustaining businesses.(Maybe a merger) When Sun
Edison made the move to form Terraform,the model was to be a solar pv yieldco. We have seen that
change very quickly and Terraform grab investment capitol to take on global projects in multiple
forms. With FS/SP you will find that this YieldCo will provide a vessel for Sunpower to assist itself and
Total with what I what I feel is the ability to buy itself back from Total helping to balance Totals books a
little. Sunpower has a history of merging, buying or as with Total selling itself in order to balance growth
with uneven balance sheets but clearly the worlds leading technology. At the same time this will
eleminate the face off of FS and SP in the utility scale markets. Now the two companies can raise capital
together thereby offsetting the need to compete against each other.This will have a greater effect on Sun
Edison and Terraform due to lost investment capitol. With SunEdison and Terraforms acquisition of
Firstwind the upside down business venture behind it all will eventually have a negative impact on
diversifying the portfolio.While the efficiency of both the First Solar and Sunpower model will give the
yieldco the ability to raise more capital. Due to be close margins currently associated with solar in general
this will position them to have a bigger influence working to acquire the investment capital for the yieldco.
So in the end the First Solar Sunpower yieldco will in my opinion be a stronger company than SunEdison.
It will give the ability for Sun power and first solar to take control of the PV market on the efficiency side
and on the thinfilm side globally. For those investors that are looking for the most stable and consistent
return as an invester, the SP/FS yieldco will take in more funds giving it better sustainability against PV
foreign and domestic with lower costs, better managability thereby effectively positioning it self for long
term steady growth. This will weaken the value of the Sun Edison Terraform program in the utility scale
pv projects.
Thank you,
Eddie Egger