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New facility to add to IID renewable portfolio

(Grupo T-Solar complete)…The energy will be sold to the IID.

Grupo T-Solar is one of the major independent power producers of photovoltaic solar energy based in Spain. They have successfully completed their first photovoltaic solar plant near El Centro. The plant is on 140 acres of land and will produce enough energy to power more than 12,000 inhabitants. The sale of the energy is regulated by a 30 year Power Purchase Agreement with the Imperial Irrigation District. The project required a $75 million investment, financed by international financial institutions, North American Development Bank and others. Grupo T-Solar is also planning to construct a 3,000 Megawatt renewable energy facility for the Department of Defense and a 30-megawatt solar plant in Puerto Rico.