1. Encouraging Green Power: Cooperation between the Private Sector and Government Avi Brenmiller, May 21 2008

2. What is Solar Thermal Power?  Free and secure resource, widely available and highly predictable  Uses reflectors to concentrate sun’s energy and create heat  Uniquely suited for answering peak demands % of power generated vs. capacity Load Wind * Solar **

4. Who is Solel?  Game-changing, massive scale solutions  Clean & renewable solar “fuel” for power plants  One-stop solution  Only commercially proven electricity-producing solar thermal technology: California SEGS  Over 300 employees – world’s largest solar thermal company  Building power plants in Spain and US  Over $450 million in backlog in 2008  Ongoing major investments in R&D and production capacity

5. Obstacles to solar projects (and not just in Israel)  Lack of any clear regulatory framework to govern the basic transactions  Not clear how to acquire land to build a power plant  Who would sell the electricity and who would purchase it  With which entity would a potential private supplier of electricity sign a contract  Need to be competitive from Day 1

6.  Direct subsidy though end user’s bill, sector by sector  Government revenue guarantees to producers (feed-in tariffs protected by law – average of 0.30 € KWh up to 34.5 € KWh)  Local authorities support local production with grants in range of 30% with no tax on project revenues  Commoditization of project financing process: package can be 90% debt/ 10% equity  Commercial debt packages – up to 18 or 20 years  Grid connection streamlined and divided between three agencies : production, delivery, and grid management Encouraging Green Power : Spanish Example

7. Solel Solution: Utility Scale Solar Fuel KJC Solar Plant in Mojave Desert with parabolic trough

8.  Producing 350 MW of clean, renewable electricity  Supplying the needs of half a million consumers  Eliminating the need for two million barrels of oil a year The SEGS Solar Fields: Mojave Desert Solel’s technology commercially proven for over twenty years

9. Solel recently re-supplied all of the plants’ solar receivers, upgrading output by up to 30%

10. Elements of a Solar Power Plant  Solar Field  Power Block  HTF System  Balance of plant  Civil works Solel’s SunField 6: Built-In Solar Fuel

11.  Change the rules of the energy equation: Solel to partner with governments, utilities, and local engineering & construction companies to build solar powered power plants  Solel offers an independent source of energy to every country with an independent source of sunshine  Plug in Solel’s clean solar field into the power plant model – no emissions  Solel’s fully engineered solar field packages fuel local job creation and economic growth Solel offer to Governments and Utilities

12. Solar Collector Assembly (SCA) Building block of the SunField 6 Solar Field  Solel’s Solel 6 parabolic trough  Each SCA: 224 reflector panels  Each SCA: 24 UVAC 2008 receivers  Local Controller (LOC) system with hydraulic drive to track the sun

13. Solel’s UVAC 2008 Vacuum Collector  Unique Selective and Anti Reflective Coatings  30% More Yearly Thermal Output  Highest Solar Radiation Absorption  Operates at Temperatures Up To 400°c (750°f)  Patented Radiation Shield System  Patented Vacuum Maintenance Unit

14. Plant operating at Solel Headquarters, compact parabolic trough located on top of car park, power block in middle front. Solel Solution: On-Site Power

16. Industrial cooling and heating system installed in Trento, Italy Collectors supply hot water at 100º C, enabling operation of absorption cooling machines Solel Solution: Industrial Cooling and Heating

17. Solar Industrial Water Heating: Applications  Industries  Large residential  Hotels & resorts  Swimming pools  Hospitals FACT: About 50% of utility-produced electricity is used for heating and cooling

18. Large Scale Water Heating - Spain

19. Air Conditioning (Toyama Japan)

20. Pool Heating

21. Solel: Delivering clean power when it’s needed most avi@solel.com