Progressive Energy, Environment and Sustainability Summit May 29, 2014 Chicago, IL Renewable Energy for Commercial and Industrial Businesses EDF RENEWABLE ENERGY

|| EDF Renewable Energy2  Subsidiary of EDF, a global energy company based in Paris that spans the energy value chain.  US roots from one of the oldest (25+ years) North American renewable operations and development companies.  Parent company is S&P A+ rated.  Expertise in all areas of project development, operations, and management. Our activities go from greenfield development, through transaction structuring, operations, maintenance and decommissioning.  In addition to our core strength in wind and solar energy, we have development activity in promising alternative sources including: hydro, energy storage solutions, offshore wind, marine, biogas, biomass and geothermal.  Affiliated companies in energy trading, research & development, and operations and maintenance  North America Headquarters: San Diego, California May

|| NORTH AMERICAN PRESENCE INSTALLED CAPACITY 2.6 GW 5.7 GW PROJECTS DEVELOPED OPERATIONS & MAINTENANCE 7.4 GW May 2014EDF Renewable Energy3

SPECTRUM OF GREEN ENERGY INVESTMENTS EDF Renewable Energy4May 2014 Utility Green Program Market REC Purchase Financial Transaction (Contract for Difference) Tax Equity Long Term Contract (PPA) Physical Plant Ownership TWO APPROACHES: Power is produced on-site or “wheeled” to company facility Owner consumes physical power from project Owner retires all RECs from the project FACILITY SPECIFIC PORTFOLIO Power is not consumed directly by owner RECs are retired by project owner Project location not tied to load Project can “green” a dirty part of the grid RECs can be allocated to various business units or facilities Customized Solution

|| EDF Renewable Energy5May 2014 NET METERING: Solar Array Two-way Meter Off-taker Facility Inverter Utility Distribution System REMOTE kWh produced at separate location than where the load is located. Both meter accounts belong to the same entity. VIRTUAL kWh produced at separate location than where the load is located. The meter accounts can belong to separate entities. ON-SITE kWh produced and consumed at single location, historically most popular. A billing arrangement that provides credit to customers with a solar PV system for the full retail value of the electricity their system generates.

|| SAFEWAY May 2014EDF Renewable Energy6 Long-term PPA offers customer no- upfront cost, and monthly operational savings over life of project Met Safeway’s strategic goals to provide value to their shareholders, stakeholders, and the environment Worked with facility managers for minimal store disruptions Array layout conformed to existing rooftop items like HVAC units and other structures Racking design and installation had to meet rooftop loading and membrane requirements Long-term PPA offers customer no- upfront cost, and monthly operational savings over life of project Met Safeway’s strategic goals to provide value to their shareholders, stakeholders, and the environment Worked with facility managers for minimal store disruptions Array layout conformed to existing rooftop items like HVAC units and other structures Racking design and installation had to meet rooftop loading and membrane requirements

|| TOWN OF WAREHAM May 2014EDF Renewable Energy7 Long-term PPA offers the Town 12-18% monthly savings on their electricity bill so they can spend budget on other needs Since array is offsite, there is zero impact to Town’s facilities Challenges overcome in permitting, interconnection, and environmental areas Long-term PPA offers the Town 12-18% monthly savings on their electricity bill so they can spend budget on other needs Since array is offsite, there is zero impact to Town’s facilities Challenges overcome in permitting, interconnection, and environmental areas

|| HALLS’ WAREHOUSE CORP May 2014EDF Renewable Energy8 Reduced energy costs by 18% Company receives incomes from sale of generation Utilized both thin-film and laminate technology

|| EASTERN LONG ISLAND May 2014EDF Renewable Energy9 Feed-in-Tariff, similar to virtual net metering Suffolk County receives long-term leasepayments Canopies not only generate electricity, but alsoprovide protection to cars from sun and snow With phased construction there was minimaldisruption to people wanting to park Challenges overcome in permitting andenvironmental areas Feed-in-Tariff, similar to virtual net metering Suffolk County receives long-term leasepayments Canopies not only generate electricity, but alsoprovide protection to cars from sun and snow With phased construction there was minimaldisruption to people wanting to park Challenges overcome in permitting andenvironmental areas

|| POCONO RACEWAY May 2014EDF Renewable Energy10 Predictable electricity cost over the long-term to protect against price volatility First major US sports venue to utilize 100% renewable energy; adjacent to the 2.5- mile race track owned by the company Consists of 40,000 American- made photovoltaic modules Project developed and built for owner/off-taker Provides significant public relations and branding opportunity Reflects NASCAR’s approach to preserving the environment Predictable electricity cost over the long-term to protect against price volatility First major US sports venue to utilize 100% renewable energy; adjacent to the 2.5- mile race track owned by the company Consists of 40,000 American- made photovoltaic modules Project developed and built for owner/off-taker Provides significant public relations and branding opportunity Reflects NASCAR’s approach to preserving the environment

|| GOOGLE May 2014EDF Renewable Energy11 Spinning Spur Wind Project is a joint venture between EDF RE and Google in which Google invested over $200MM Google realizes all of the tax equity returns while keeping a significant long-term interest in the project. EDF RE also acts as the manager of the project and provides O&M services. Largest of Google’s renewable energy investments. Spinning Spur Wind Project is a joint venture between EDF RE and Google in which Google invested over $200MM Google realizes all of the tax equity returns while keeping a significant long-term interest in the project. EDF RE also acts as the manager of the project and provides O&M services. Largest of Google’s renewable energy investments.

|| BII STINU May 2014EDF Renewable Energy12 Commerical off-takers: Arcelor Mittal Steel Lazaro Cardenas, Walmart Mexico, Grupo Modelo, Grupo Herdez, Continental Automotive Guadalajara Serving 99 load points across Mexico from a single wind facility Wheeling and banking through CFE (Federal Electricity Commission) Commerical off-takers: Arcelor Mittal Steel Lazaro Cardenas, Walmart Mexico, Grupo Modelo, Grupo Herdez, Continental Automotive Guadalajara Serving 99 load points across Mexico from a single wind facility Wheeling and banking through CFE (Federal Electricity Commission)

|| EDF RENEWABLE ENERGY DELIVER RESULTS May 2014EDF Renewable Energy13 100% completion track record Energy costs reduction Long-term energy price stability Full service customized solutions Reliable partner with financial strength Full spectrum of energy solutions

DAVE FULLER Director – Business Development EDF Renewable Energy NADER JANDAGHI Director – Commercial Solar EDF Renewable Energy Turning innovative renewable energy ideas and long-term relationships into ethical, high-value, sustainable, business. OUR MISSION