This document provides information about BayWa r.e. Operation Services, a subsidiary of BayWa AG that operates and maintains solar and wind power plants. It has over 1,000 employees with experience managing over 2,000 MW of renewable energy projects across 34 countries. In Italy specifically, it manages over 400 MW of solar PV projects and 147 MW of onshore wind projects, offering operations, maintenance, monitoring and other services. BayWa r.e. aims to maximize renewable energy production for its clients through a reliable local presence supported by its global operations.

1. BayWa r.e. Operation Services
Globally Minded, Locally Focused
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2. About us
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A stable, reliable partner
Core Segment
Agriculture, Energy,
Construction
Founded
1923
> 17k
Presence
EBIT
2015
34
Located in
countries
Employees
€158
Million
Turnover 2015
15Billion

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A stable, reliable partner
Company Status
Wholly owned
subsidiary of BayWa AG
> 1,000
Experience
2,000 MW
Management of
Solar & wind power
Employees
Founded
2009
EBIT
2015
€ 61.8
Million
Turnover 2015
1Billion

5. Our mission:
Making energy
better
· Accessible and affordable for everyone.
· Emission-free and environmentally compatible.
· Reliable and manageable.
· Decentralised and, of course: renewable.
These are the aims that inspire our 1.000 plus staff
as they go about their daily business
ensuring the success of our customers.
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BayWa r.e. location
Market cultivation
Wind power projects and services
PV projects and services
Trading in solar components
Bio-energy
Geothermal energy
Energy trading
Utilising potential worldwide

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Globally operated solar and wind plants
461
MW
54
MW
199
MW
148
MW
464
MW
30
MW
540
MW
52
MW
24
MW
2
MW
7
MW
56
MW
Over
operated by
BayWa r.e.
2,000megawatts

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2011
Entry into the Italian market
of trading in solar components
through acquisition of
tecnospot
2013
Pan-European acquisition
by BayWa r.e. of Wurth
Solar together with the
Italian part of Operations.
BayWa r.e. Italia is set up
In the asset deal are
included ca. 35 MW of
long terms mandates, site
technicians, inventories
and equipment
2014
Acquisition of Cleantech in
an asset deal.
In the deal are included ca.
14 MW of mandates, few
skilled technicians and
experienced managers
2015
Acquisition of Ravano
Green Power spin off
through a share deal with
87,5% of interest.
About 31 MW of
mandates and a number
of skilled site technicians..
Acquisition of the spin of
of Solesa Engineering with
about 27MW of mandates
and a number of skilled
professionals mainly
located in Piedmont.
BayWa r.e. Italia now
reaches over 13 different
regions of Italy with
experienced site
technicians, full-time
employee located close to
the PV parks in all Italy.
2016
Acquisition of 100%
interest in Kenergia
Sviluppo with over 268
MW under maintenance
in Italy and one of the top
5 players in the market.
The remaining 12,5% of
the Ravano now belongs
to BayWa r.e. Italia
The combined company of
Kenergia Sviluppo and
BayWa r.e. Italia is one of
the leader of the market
2017
Roll out of an integrated
business structures based
on a new corporate
configuration with BayWa
r.e. Italia as holding
company.
BayWa r.e. Operation
Services running the O&M
Services on both Wind and
PPV.
BayWa r.e. Progetti as
project development and
EPC on the Wind market.
Some of the certifications,
programs and associations
we are involved with:
ITALIAN
EXPANSION OUR QUALITY
COMMITMENT
Milestones becoming the Italian Leader

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Italian projects under management
Over 400 MW of solar PV under our long-
term O&M and Commercial Management
contracts
§ More than 60 MW Commercial
Management
§ More than 300 MW of Scada system
Experience and installation
§ More than 40 Service Technicians
employed.
§ More than 300 projects totalling more than 540 MW managed on behalf of
Italian and international investors
§ Italian technical & commercial operations management services led from Milan
and Rome office and supported from other locations in Italy.
§ Expert operations team includes project managers (ex-OEM service team), site
managers, construction managers and asset managers
Solar PV
147MW of onshore wind under long-term,
full-service Operations Management
contracts:
§ 3 wind projects (116MW) operated
and owned by us
§ 24 wind project (31MW) under
technical Operation & Maintenance
§ Technologies include, Enercon,
Senvion, Nordex, Vestas.
Onshore Wind
BayWa r.e. Operation Services locations
Cluster of PV parks > 10 MW
PV Parks > 5 MW
Cluster of PV parks < 10 MW
Wind Parks
Mini-Wind Parks
tecnospot HQ

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Services
r.e.turn on your investment

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We’ve implemented in Italy the concept of
Shared Wharehouses being able to grant
to our customers quick delivery and
replacement time for any spare part which
may be needed. Thanks to the affiliate
company tecnospot, a specialized
distributor for photovoltaic systems (leader
in Italy in its sector), we can amyway
always guarantee, even for the items which
are nopt in the inventories of prompt
interventions, spare parts at attractive
terms and shovel ready for any necessity.
BayWa r.e. Operational Services
currently employs more than:
• 36 Service Technicians
• 8 Project Managers
• a National team of 54 people
Our Control Room is based in the
headquarter of Rome and is backed
up by the one in Munich granting un-
interrupted services and the
possibility to scale up with new parks
under management or overload of
work very efficiently.
Structured through the innovative concept of Service Network we are able to
provide you with a local based service but relying on the opportunities disclosed
by the possibility to leverage on our international presence.
We have a significant experience with the
Public Administration, the territorial entities
and local stakeholders, therefore providing an
important added value supporting the PV and
Wind Plants in case of bureaucratic problems
granting quick intervention times supporting you
with skilled and experienced professionals.
BayWa r.e. Operational Services is amongst
the few companies in Europe having both the
certifications ISO9001:2008 and
OHSAS18001:2007 in order to grant the highest
quality standards in the market jointly with the
professionality and skills of the whole team.
Operation & Maintenance in Italy Status Quo

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A flexible range of products and services
Operations Management
§ Independent service provider focused
on clients’ best interests
§ Performance monitoring and analysis
for solar PV and onshore wind
§ Proactive scheduling of maintenance
and repair work
§ Scope optimisation according to the
requirements of our clients
§ Commercial and administrative
management optional
Operations and Maintenance
§ Top-end technical service provider
with a comprehensive range of
services for Solar PV and Mini-Wind.
§ Substantial experience in dealing with
plant performance issues, including all
main panel and inverter technologies
§ Local presence, centralised project
management resource
§ Bespoke software and analysis for
better performance
Commercial Management
§ Dedicated accountancy and asset
management team with relevant
experience in renewables
§ Most commercial, financial and
corporate work streams and all
types of investors catered for
§ Monthly reports cover: accounts,
budget forecasts, invoice status,
corporate updates, Board minutes,
claims updates
§ ROC & FIT processing, invoicing
and budgeting

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MAINTENANCE
Ordinary
Maintenance
Extraordinary
Maintenance
Security systems
maintenance
PV Parks
Revamping
Weed Abatement
Cleaning of PV
modules
Collaterals
management
Counters & MV
INVERTERS
Ordinary
Maintenance
First Level Support
Second Level
Support
Spare Parts
MONITORING
Control Room
Technical staff
redundancy
Predictivity
Proprietary Software
ASSET
MANAGEMENT
Accounting duties
AEEG duties
Customs duties
GSE duties
M&A: technical
support
IT
ERP
CRM
Dataroom
Service App
SECURITY
Security and
Sourveillance
Control Room
Alarms management
Software Expertise
Available
Under
Implementation Outsourced
The scope of work can be tailored on the specific
requirements out of a full menu of services
Range of Services

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Service offering
Basic, Standard, Full or
Bespoke Service Packages
24/7 Control Centre
Bespoke Systems
Service packages come with a single dedicated Project Manager for
each customer and continuity of service as standard.
A centralized control room is based in Rome with a backup in Munich
will grant operation supervision on a 24/7-time base. Control room
manages false alarms and distribute failures tickets.
Bespoke solar PV monitoring system
Our offer will grant you the option to use the proprietary monitoring and
managing system “KCS” with a track record of more than 400 MW, is a
web based software platform
In-house ticketing system
ensures clear, auditable process for following up on any problems that
can have an impact on yield or performance risk
Our proprietary Service App for Wind Parks
provides real-time support to on-site technicians and enables efficient
and low cost reporting to clients
PV string performance analysis [IV Curve and Thermography]
is key for identifying any issues, reporting and taking care of them
appropriately

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Inverter References
Some of the Inverters on which we operate daily with success.
First Level Second Level Service Partners

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Key objectives
Lead with HSE “Fewer accidents means less downtime and reduced costs”
Maximise Production “Proactive approach to maximise returns”
Direct Communication “Transparent, two-way information exchange”
§ Maintenance scheduling and rapid reaction to errors is critical
§ 24/7 control centre and bespoke wind and solar monitoring software in Rome with back-up in Munich
§ BayWa r.e. project managers "own" the project promoting responsibility and incentivising yield
§ We work closely with OEMs and other contracted third parties
§ Rapid resolution of critical issues allows us to schedule and implement maintenance proactively
§ Dedicated approach to safety, evident in everything we do
§ Secure the safety of all involved parties
§ Investors’ corporate and directors’ personal responsibilities are taken care of
§ BayWa’s proprietary Solar PV safety rules applied to all our solar farms
§ All wind farm activities carried out according to the Italian Wind Turbine Safety Rules
§ Aim to ensure an informed, timely and clear flow of communication
§ Aligned interests and experience from operating our own portfolio of generating assets is key to
understanding our customers’ needs
§ Information exchange ensures that all parties are always aware of any occurrences

17. Our competitive advantage
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Generating
renewable energy
Solutions for:
Investors and project developers, power supply
utilities and city technical services, public facilities,
industry and commerce, land, home and
roof owners and farmers
Operating plants
successfully
Solutions for:
Operators of wind farms,
solar plants and bio-energy installations
Investing in
renewable energy
Solutions for:
Institutional investors, power supply utilities
and city technical services
Buying PV components
Solutions for:
Solar installers, project engineers, city technical
services, builders merchants and manufacturers
of prefabricated houses
Trading in
renewable energy
Solutions for:
Plant operators, industry and commerce,
farmers, private households
Operating sustainably
Solutions for:
All customers interested in sustainable orientation
of their business and their energy consumption
One Solution for each of your needs

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BayWa r.e. Operation Services’s
competitive advantage
Reliability and security
Knowledgeable and
experienced
A local company supported by a global holding group ensures financial strength and business
longevity; rest assured we will be with you for the duration of your project
Our Italian project managers, asset managers and site managers all possess substantial Solar
PV and/or Onshore Wind expertise, backed by our EU mainland colleagues
Value for money
Rapid response
Our portfolio, one of the Italian’s largest, spans regions and technologies; incorporating your
additional assets will enable greater cost efficiencies that we pass on to you in our service fees
Given our geographical spread and mix of centralised and local resource, we can offer rapid
response times. We have also built strong working relationships with DNOs, equipment
suppliers, OEMs and local support contractors, helping to resolve issues quickly
Support network
Aligned interests
Given our existing portfolio, we have a network of subcontractors and partners able to provide
additional support in key areas where flexibility of resource is key, such as HV switching
We are an independent service provider and our experience of developing and operating our
own projects means we have a deep understanding of asset owners’ requirements
Communication
Each project is allocated a dedicated, experienced Project Manager, with back-up built into our
team structures, both locally and centralised; delivering best value and continuity of service

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Selected references
Discuss our organisation and capabilities with BayWa r.e.'s existing clients.
We would be happy for you to contact either of the following key clients.

21. r.e.putable experience & knowledge, market leaders
r.e.liable security & trust, longevity
r.e.lationships one point of contact, ownership
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22. BayWa r.e. Operation Services
Legal Office
Largo Augusto,3 , 20122 Milano
Telephone +39 02 321 1191
www.baywa-re.it
Contacts:
Stefano Carpigiani
+39 392 913 8363
Stefano.carpigiani@baywa-re.com
Paolo Vincenzo Chiantore
+39 335 569 9621
paolo.chiantore@baywa-re.com
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Thank you for your time.
To discuss how BayWa r.e. can support
your business, please contact us.
Operative Headquarter
Via di Settebagni, 390, 00139 Roma
Telephone +39 06 8713 1446