Capital Renovable is a company focused on developing and operating renewable energy projects in Chile and Latin America, primarily in solar, wind, and energy efficiency sectors. The firm aims to reduce reliance on fossil fuels by developing small to medium solar projects while accommodating the growing energy demand in the region. With a highly experienced team and strategic partnerships, Capital Renovable seeks to provide tailored solutions to meet specific client needs and contribute to sustainability in the energy market.

1. SMART ENERGY SOLUTIONS
Photovoltaic
SOLAR POWER
FARMS
2014

2. SUMARY
CAPITAL RENOVABLE 2014
Capital Renovable basic information............... 1
Objetives...................................................... 3
What we do....................................................... 4
Competitive advantages and opportunities....... 5
Market & Expectation..................................... 7
Team & Experience......................................... 12
What we offer.................................................. 13
Contact information......................................... 14

3. Capital Renovable
Capital Renovable is a company dedicated to the
development, construction and operation of projects for
generation and sale of electricity based on non-
conventional renewable energy (NCRE).
What characterizes us
We strive to support the development of NCRE in Chile
and Latin America, from our based on the founding and
development of solid business strategy in the industry.
We work to impruve
the position and the
oportunity of
nonconventional
renewable energy
1

4. Management Leadership
Our multidisciplinary staff and powerful strategic partners
can provide clients with full turnkey solutions for renewable
energy project implementation or with sophisticated
sustainability solutions to address their specific
environmental needs.
Our Management, Leadership
and Principles
High standards. Our team is committed to developing
long-term, high-quality, renewable energy generation
assets.
Execution capabilities. Our team has excellent
execution capabilities and is able to draw on local
resources and partners to rapidly implement solutions.
Track Record and Reputation. Our team has industry
experience worked with the largest companies in the
renewable energy field.
Ability to provide “tailor-made” solutions. Our team
tailors solutions to your needs, which includes but is not
limited to: obtaining and structuring project and
operating capital, project budget analysis and
modeling,
2

5. Objectives
Develop solar projects Small and Medium Generation and
Distribution (PMGD) Regulatory Framework Law 20.108 of
the electricity sector, in rural areas with high energy
demand, decreasing dependence on fossil fuels, facing the
environmental context and the current energy demand for
a more committed, responsible and caring manner with a
view to future.
Specific Project:
Within the portfolio of projects CAPITAL RENOVABLE,
mainly in stage pre-investment studies, selecting the best
project for investors.
We work to make
NCR E the basis
of the production
strategy and
sustainability
of national and
international
companies
General Project:
3

6. What we do
1.- High-quality value-added development of renewable
energy and energy efficiency projects in Chile and
Latinamerican energy markets; and the long-term
ownership and operation of renewable energy assets in
Chile. Our primary focus is in: solar, wind, and energy
efficiency projects.
Capital Renovable focuses its core services on:
2.- Strategic consulting for parties seeking to develop
renewable energy and energy efficiency projects in the
United States or in emerging energy markets. Providing
high value strategic management consulting and business
positioning for entities seeking market entry and
establishment in the United States and emerging energy
markets.
4

7. Competitive advantages and
opportunities
Globally there has been a a change in preferences of
society at large towards the electric generation through
non-conventional renewable energy, interest and acquire
new models such as solar, geothermal, wind, etc. Through
these trends investor looking for new business
opportunities.
The opportunity for CAPITAL RENOBVABLE lies in
offering service and products to growing market segments
and on the other hand the great need to have a real
alternative to the high price of oil and electricity at peak
times to agricultural, dairy sectors, salmon and national
small and medium industry, for many investors is much
more than just fashion, is a differentiation of products with
the best price, and represent forms of opportunity to obtain
very favorable returns, solar market segments in no case
should decrease, but rather to grow in time.
Growth of non-conventional renewable energy in
Chile and in the world
5

8. No need environmental studies
As this is business model, photovoltaic projects of less
than 3 MW, It is not necessary the approval of
environmental impact studies, having photovoltaic projects
with maximum execution time of a couple of months, taking
a return on investment in a short time.
Contact networks at national and
international level and strategic partners
The experience and qualifications that owns the team
CAPITAL RENOVABLE, translates networks of contacts,
strategic alliances existing and potential regionally,
nationally and internationally. These alliances involves
networks of cooperation with executing engineering
national and international companies, Satellite maps of
radiation measurement, direct contact with owners of large
equipotential surfaces for use in solar farms and in the
process of being incorporated our portfolio, panel
suppliers, EPC, among others.
6

9. Market & Expectation
Over the past four decades, demand for electricity in Chile
has doubled every ten years and, if the economy is to grow
at an average annual rate of 5% - the goal set by the
government in order for the country to attain full
development by 2018 - its electricity matrix will again have
to practically double in size over the coming decade.
Looking further ahead to 2050, estimates suggest that it
will then need an installed capacity of 65,000-95,000 MW,
up from around 15,500 MW at present.
Chile’s electricity system
Consumption
Over 70% of Chile’s primary energy consumption is
supplied by hydrocarbons (oil, natural gas and coal) which
are mostly imported. In addition, it produces energy from
some domestic sources, including principally
wood/biomass which is used for heating as well as to
produce electricity, water in form of hydroelectricity, and
the natural gas reserves that exist in the Magallanes
Region of the far south.
Comparison with industrialized countries suggests that, as
the Chilean economy continues to expand, so too will its
energy intensity. In line with Chile’s commitment to
contributing to mitigation of climate change, efforts are,
however, in place to increase energy efficiency.
7

10. Electricity matrix
Over 70% of Chile’s primary energy consumption is
supplied by hydrocarbons (oil, natural gas and coal) which
are mostly imported. In addition, it produces energy from
some domestic sources, including principally
wood/biomass which is used for heating as well as to
produce electricity, water in form of hydroelectricity, and
the natural gas reserves that exist in the Magallanes
Region of the far south.
Comparison with industrialized countries suggests that, as
the Chilean economy continues to expand, so too will its
energy intensity. In line with Chile’s commitment to
contributing to mitigation of climate change, efforts are,
however, in place to increase energy efficiency.
Market structure
Chile’s electricity industry comprises three distinct
activities: generation, transmission and distribution. These
are developed by private companies while the State,
independently of its subsidiary role, regulates and
supervises the industry and provides investment
recommendations for generation and transmission,
principally through the National Energy Commission
(CNE), the Electricity and Fuels Superintendency (SEC)
and the Energy Ministry.
8

11. Status of NCRE projects in Chile
During the month of April, enter the Environmental
Assessment System 4 projects totaling 333 MW,
corresponding to two 193 MW wind farms, solar power
plant of 135 MW and a mini hydro plant of 5.4 MW. As for
approved projects april favorably evaluated a total of 7
projects by 243 MW corresponding to four 206 MW solar
farms, two mini hydro plants of 15 MW and a biomass
plant by 22 MW.
Market structure
Currently, the installed NCRE in the 4 interconnected
systems capacity reaches 1,023 MW, which corresponds
to 5.98% of the total electric power in the country.
Technology with a greater presence biomass is 41%, then
mini hydro with 30%, followed by wind with 29% and finally
the solar with 0.2%. Note that solar technology is
incorporated into the matrix less than a year.
Graph 1: Installed Capacity (MW).
9
9

12. In the biggest systems, the Central Interconnected System
is having increased presence NCRE 980 MW equivalent
to 7.4% of its total capacity. Meanwhile, the Interconnected
System of Norte Grande is 16.3 MW in operation,
corresponding to 0.4% of the total installed capacity.
Graph 2: Cumulative Capacity in MW, SIC Market (Central Interconnected
System)
Graph 3: Cumulative Capacity in MW, SING Market (Interconnected
System of Norte Grande)
10

13. NCRE Generation
During April, NCRE contribution to the larger systems of
the country gets to 5.21%. The main energy source is
biomass with a contribution of 55%, followed by the mini
hydro at 31%, then the wind with 13% and finally the solar
with a contribution of 0.1%.
Market Evolution
During April, marginal cost in the Central Interconnected
System averaged 166 USD$/MWh, lower value by 4% the
previous month product of falling total system generation.
The Interconnected System of Norte Grande, marginal
costs had an average of 80 USD$/MWh higher by 24%
than that observed in March, due to a rise in the share of
diesel injection system total generation
Currently, the only goal is associated with NCRE Law
20.257, known as "NCRE Law" requiring that a percentage
of the energy comes from NCRE, reaching 20% by 2025.
Expectations for Non Conventional Renewable
Energy
11

14. Team & Experience
Capital Renovable consists of a large group of
professionals with long experience in the energy sector,
allowing each project to be tackled in a multidisciplinary
way and with the expertise to bring it to success.
Among the group of people in the team and collaborators
can be found:
• Electrical Engineers
• Building Engineers
• Graduates in Environmental Sciences
• Economists
• Attorneys
12

15. Team & Experience
Based out of offices in santiago de chile, Capital Renovable
focuses its objectives in the development, operation and eventual
sale of small solar farms, and also is in a process for expanding to
other countries within the Latinoamerican región.
Capital Renovable has a range of
experience in NCRE, most of it in eolic,
however our interest and commitment to
solar energy since the last year can be
seen in the incorporation - via financing,
engineer and construction, of a portfolio of
three projects in north of chile (3 MW).
12
Based on initial enquiries with equipment suppliers and the
permitting procedures, the first of out flagship proyects in photo
voltaic energy could be commissioned and producing energy by the
second quarter of 2015

16. 1.- Develop new business opportunities in Latam.
o Find and work with development partners to create
viable solar medium size PV projects on privately
owned land.
o Work with local governments and private enterprises
to create viable commercial propositions for the
development of solar projects.
2. Lead commercial negotiations to secure viable land for
solar photovoltaics (PV) projects.
3. Create strategic partnerships as required with local or
external firms for the deployment of commercial roof
projects.
4. Collaborate on other business development opportunities
in Latam as required.
We offer
Lead Business Development Strategic Initiatives:
13

17. CONTACT
INFORMATION
Jun 2014
For more details and / or questions,
please contact us at.
www.capitalrenovable.com
El Lleuque 2579 – Vitacura.
Santiago, Chile
Phone (+56.2) 24054810
contacto@capitalrenovable.com
CAPITAL RENOVABLE