BP Solar – Proprietary and Confidential


                                 Commercial Solar: Drivers for Real Projects




BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                           1
BP Solar – Proprietary and Confidential

                                 BP International

                       •    Celebrating 100 years in business
                       •    $361 billion in revenues – ranked #4 in 2008
                            Fortune’s Global 500
                       •    Approximately 92,000 employees
                       •    Engaged in many aspects of energy                    Largest Global Companies
                                                                                   1. Wal-Mart Stores
                                                                                   2. Exxon Mobil
                            − Exploration, extraction, movement, refining, and     3. Royal Dutch Shell
                              sale of petroleum-based products                     4. BP
                                                                                   5. Toyota Motor
                            − Alternative energy – including solar, wind,          6. Chevron
                                                                                   7. ING Group
                              biofuels, hydrogen, and carbon capture               8. Total
                                                                                   9. General Motors
                              sequestration                                       10. ConocoPhillips
                       •    Active in over 90 countries
                       •    Ranked in Fortune as #1 on 2008 list of Most
                            Accountable Big Companies
                       •    BP has a fundamental belief that we can make a
                            positive difference in the world




BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                                   2      2
BP Solar – Proprietary and Confidential

                                 BP Alternative Energy

                       •    $8 billion investment over 10 years
                       •    $2.9 billion by end of 2008
                       •    Build material profitable new businesses in
                            energy value chains which facilitate BP’s
                            transition to a low-carbon future
                       •    BP Alternative Energy
                            − Solar power
                            − Wind power
                            − Hydrogen power
                            − Biofuels
                            − Carbon capture and storage




BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                      3      3
BP Solar – Proprietary and Confidential

                                  BP Solar – Your Complete Solar Provider



                      Dependability:
                      BP Solar brings a 35+ year heritage, financial strength, and a world renowned and trusted brand



                      Highest Lifetime Value and Lowest Lifetime Cost:
                      Industry-leading module reliability, performance guarantees, lowest power output degradation


                      Solar Energy Services:
                      More than just a module producer – including financing options, monitoring, operation and
                      maintenance, and more



                      Strategic Partnerships:
                      Extensive strategic relationships with governments, suppliers, customers, and financiers




BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                                              4      4
BP Solar’s Track Record – 2008
                                          Completed Turnkey Commercial Projects > 500kw
                                                                                                                            BP Solar – Proprietary and Confidential

                                                                                   GERMANY
                                                                                    Darst Nord
                                                     SPAIN                          Solarpark Geiseltalsee
                                                      Campillo del Río              Fischer family - Bavaria
                                                      Cazalilla                     Pfeiffer Seil and Hebetechnik
                                                      Mora                          Feneberg
                                                      Manzaneque                    Waltenhofen
                                                      Orgaz                         Munich Airport
                                                      La Vega
                                                      Aznalcollar
                                                      Paradas
                                                      La Luisiana
                                                      Osuna                      Nuon Intl - Netherlands
                                                      Madridejos                  Union Bank of Switzerland               KOREA
                                                      Arico                                                                 Jindo
                                                      Unicaja                                                               Korea Electric Power Corp.
                                                      Toledo Solar Power Plant     Telecon
                     USA                              Monelco                                                                           Spain              35.2MW
                      Marine Corps – 29 Palms                                                                             SPOTS
                      Nuon Renewable Ventures                                                                        CamGSM             Germany            12.6MW
                      CSU - Pueblo                                                                                   Mord
                                                                                                                                        USA                11.9MW
                      FedEx                                    PRODEEM
                      U.S. Cold Storage                                                                                                 Tunisia             7.1MW
                      Sea Gull Lighting                                                                                                 Indonesia           4.4MW
                      PV USA
                      Palo Verde                                                                                                        Australia           4.1MW
                      Walmart (7 sites)                                                                                                 South Korea         4.0MW
                      Whole Foods – 2 sites                                                    AUSTRALIA
                      Target                                                                     Coca-Cola Amatil                       Brazil              1.3MW
                      Staples – 3 sites                                                          Cadbury Schweppes
                                                                                                 Solar Cities                           Norway               .5MW
                      City of Vallejo
                      River Park                                                                 Queen Victoria markets                 Netherlands         .35MW
                      Paulsboro
                                                                                                                                        Switzerland        .125MW
                                                                                                                                        TOTAL              81.6MW




      5
BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                                                                        5
BP Solar – Proprietary and Confidential


                               Two Types of Commercial Projects

                • LCP – Large Commercial –
                     − Grid tied at customers site, typically at 480V three phase between
                       customer main disconnect and meter:




BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                        6
BP Solar – Proprietary and Confidential


                                 Project Example : LCP project
                                 Case Study: Walmart – 27 sites awarded in California

                                                                   Project Details
                                                                   •   Type: Grid connected
                                                                   •   System size: 500kw typical;
                                                                       10 MW+ so far
                                                                   •   Annual production: 6,700,000 kWh
                                                                   •   YOC: 2007-2009

                    Situation                                            Solution                              Accomplishments

• Walmart, the largest global company,                    • Seven sites awarded to BP Solar           • BP has managed more than 12
  set corporate objectives to run its                                                                   construction sites across California at
                                                          • BP Solar delivers a 20º system tilt for
  operations with 100% renewable                                                                        the same time
                                                            maximum energy production and
  energy
                                                            highest savings                           • Solar energy displaces ~30% of store
• Walmart issues a 22-store pilot RFP                                                                   energy consumption
                                                          • BP Solar delivers highest lifetime
  for sites in California
                                                            value at the lowest PPA rate              • Walmart released additional RFP -
                                                                                                        BP Solar is the only vendor to win the
                                                                                                        contract for 20 additional sites

BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                                                                  7
BP Solar – Proprietary and Confidential


                               Utility Scale PV System

                Typical interconnect into electric distribution or transmission system, at
                  13.5kv to EHV 69kv+




BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                         8
BP Solar – Proprietary and Confidential

                                 Project Example: Utility scale
                                 Case Study: LIPA

                                                          Project Details
                                                          •   Type: Utility
                                                          •   System size: 37 MW
                                                          •   Annual production: kWh
                                                          •   YOC: in design



                    Situation                                           Solution                            Accomplishments

• LIPA RFP for 50MW of PV in 2008,                        • BP Solar proposes a 37MW system        • Environmental studies complete
  BP Solar awarded 37MW+ portion                            located at the Brookhaven National
                                                                                                   • Design on track
                                                            Lab, directly adjacent to substation
• PPA
                                                            8er.                                   • Novel mounting system employed
• Construction begins in 2010
                                                          • BP uses ground mount fixed tilt        • Tricky three way PPA
                                                            system utilizing available land
                                                                                                   • Significant effort to satisfy direct
                                                          • Complicated environmental and            Utility interconnection requirements.
                                                            physical arrangement

BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                                                        9      9
BP Solar – Proprietary and Confidential


                               Drivers to Real Commercial Projects

                • Identify good candidate sites/ jobs
                     − Type
                     − Size
                     − Environment, location, labor, permitting
                     − Build rate
                • Make sure the project is/can be funded and the economics work!
                     − Who is the developer, who is funding the project
                     − Don’t waste your time
                • Focus on what the customer really wants to achieve
                     − What are the real objectives of the decision makers
                     − Don’t waste your time


BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                         10
BP Solar – Proprietary and Confidential


                               Drivers, continued

                •    Win the (a) job (be good at bidding or selling)
                     − Highly competitive, must be robust, believable, certain

                                                                               •Civil
                                                                               •Structural
                                                                               mechanical
                                                                               •Electrical
                                                                               •Insolation
                                                                               •Weather / Soiling
                •    Do the job well                                           •Permitting
                     − Front End Loading – get the design right, value engineering
                           − Performance estimation, performance guaranty
                     − Job execution excellence:
                           − Safety, Quality, Integrity, Cost Control, change management, CM.
                           − Find partners who share your sense of value, win-win out-look.
                •    Operate the job
                     − Keep the asset running at its peak, system data analysis
                •    Learn, Learn, Learn

BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                                           11
BP Solar – Proprietary and Confidential




                                                Good luck and thanks!




BP Solar. Highest Lifetime Value. Lowest Lifetime Cost.                                                    12

BP Solar: Drivers for Commercial Solar Projects

  • 1.
    BP Solar –Proprietary and Confidential Commercial Solar: Drivers for Real Projects BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 1
  • 2.
    BP Solar –Proprietary and Confidential BP International • Celebrating 100 years in business • $361 billion in revenues – ranked #4 in 2008 Fortune’s Global 500 • Approximately 92,000 employees • Engaged in many aspects of energy Largest Global Companies 1. Wal-Mart Stores 2. Exxon Mobil − Exploration, extraction, movement, refining, and 3. Royal Dutch Shell sale of petroleum-based products 4. BP 5. Toyota Motor − Alternative energy – including solar, wind, 6. Chevron 7. ING Group biofuels, hydrogen, and carbon capture 8. Total 9. General Motors sequestration 10. ConocoPhillips • Active in over 90 countries • Ranked in Fortune as #1 on 2008 list of Most Accountable Big Companies • BP has a fundamental belief that we can make a positive difference in the world BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 2 2
  • 3.
    BP Solar –Proprietary and Confidential BP Alternative Energy • $8 billion investment over 10 years • $2.9 billion by end of 2008 • Build material profitable new businesses in energy value chains which facilitate BP’s transition to a low-carbon future • BP Alternative Energy − Solar power − Wind power − Hydrogen power − Biofuels − Carbon capture and storage BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 3 3
  • 4.
    BP Solar –Proprietary and Confidential BP Solar – Your Complete Solar Provider Dependability: BP Solar brings a 35+ year heritage, financial strength, and a world renowned and trusted brand Highest Lifetime Value and Lowest Lifetime Cost: Industry-leading module reliability, performance guarantees, lowest power output degradation Solar Energy Services: More than just a module producer – including financing options, monitoring, operation and maintenance, and more Strategic Partnerships: Extensive strategic relationships with governments, suppliers, customers, and financiers BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 4 4
  • 5.
    BP Solar’s TrackRecord – 2008 Completed Turnkey Commercial Projects > 500kw BP Solar – Proprietary and Confidential GERMANY Darst Nord SPAIN Solarpark Geiseltalsee Campillo del Río Fischer family - Bavaria Cazalilla Pfeiffer Seil and Hebetechnik Mora Feneberg Manzaneque Waltenhofen Orgaz Munich Airport La Vega Aznalcollar Paradas La Luisiana Osuna Nuon Intl - Netherlands Madridejos Union Bank of Switzerland KOREA Arico Jindo Unicaja Korea Electric Power Corp. Toledo Solar Power Plant Telecon USA Monelco Spain 35.2MW Marine Corps – 29 Palms SPOTS Nuon Renewable Ventures CamGSM Germany 12.6MW CSU - Pueblo Mord USA 11.9MW FedEx PRODEEM U.S. Cold Storage Tunisia 7.1MW Sea Gull Lighting Indonesia 4.4MW PV USA Palo Verde Australia 4.1MW Walmart (7 sites) South Korea 4.0MW Whole Foods – 2 sites AUSTRALIA Target Coca-Cola Amatil Brazil 1.3MW Staples – 3 sites Cadbury Schweppes Solar Cities Norway .5MW City of Vallejo River Park Queen Victoria markets Netherlands .35MW Paulsboro Switzerland .125MW TOTAL 81.6MW 5 BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 5
  • 6.
    BP Solar –Proprietary and Confidential Two Types of Commercial Projects • LCP – Large Commercial – − Grid tied at customers site, typically at 480V three phase between customer main disconnect and meter: BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 6
  • 7.
    BP Solar –Proprietary and Confidential Project Example : LCP project Case Study: Walmart – 27 sites awarded in California Project Details • Type: Grid connected • System size: 500kw typical; 10 MW+ so far • Annual production: 6,700,000 kWh • YOC: 2007-2009 Situation Solution Accomplishments • Walmart, the largest global company, • Seven sites awarded to BP Solar • BP has managed more than 12 set corporate objectives to run its construction sites across California at • BP Solar delivers a 20º system tilt for operations with 100% renewable the same time maximum energy production and energy highest savings • Solar energy displaces ~30% of store • Walmart issues a 22-store pilot RFP energy consumption • BP Solar delivers highest lifetime for sites in California value at the lowest PPA rate • Walmart released additional RFP - BP Solar is the only vendor to win the contract for 20 additional sites BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 7
  • 8.
    BP Solar –Proprietary and Confidential Utility Scale PV System Typical interconnect into electric distribution or transmission system, at 13.5kv to EHV 69kv+ BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 8
  • 9.
    BP Solar –Proprietary and Confidential Project Example: Utility scale Case Study: LIPA Project Details • Type: Utility • System size: 37 MW • Annual production: kWh • YOC: in design Situation Solution Accomplishments • LIPA RFP for 50MW of PV in 2008, • BP Solar proposes a 37MW system • Environmental studies complete BP Solar awarded 37MW+ portion located at the Brookhaven National • Design on track Lab, directly adjacent to substation • PPA 8er. • Novel mounting system employed • Construction begins in 2010 • BP uses ground mount fixed tilt • Tricky three way PPA system utilizing available land • Significant effort to satisfy direct • Complicated environmental and Utility interconnection requirements. physical arrangement BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 9 9
  • 10.
    BP Solar –Proprietary and Confidential Drivers to Real Commercial Projects • Identify good candidate sites/ jobs − Type − Size − Environment, location, labor, permitting − Build rate • Make sure the project is/can be funded and the economics work! − Who is the developer, who is funding the project − Don’t waste your time • Focus on what the customer really wants to achieve − What are the real objectives of the decision makers − Don’t waste your time BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 10
  • 11.
    BP Solar –Proprietary and Confidential Drivers, continued • Win the (a) job (be good at bidding or selling) − Highly competitive, must be robust, believable, certain •Civil •Structural mechanical •Electrical •Insolation •Weather / Soiling • Do the job well •Permitting − Front End Loading – get the design right, value engineering − Performance estimation, performance guaranty − Job execution excellence: − Safety, Quality, Integrity, Cost Control, change management, CM. − Find partners who share your sense of value, win-win out-look. • Operate the job − Keep the asset running at its peak, system data analysis • Learn, Learn, Learn BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 11
  • 12.
    BP Solar –Proprietary and Confidential Good luck and thanks! BP Solar. Highest Lifetime Value. Lowest Lifetime Cost. 12