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Zhitomir Solar Park EXECUTIVE SUMMARY www.zhitomirsp.weebly.com September 2016 STRICTLY PRIVATE & CONFIDENTIAL

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Page 1: Solar Park Executive summary

Zhitomir Solar ParkEXECUTIVE SUMMARY

www.zhitomirsp.weebly.com

September 2016

STRICTLY PRIVATE & CONFIDENTIAL

Page 2: Solar Park Executive summary

2STRICTLY PRIVATE & CONFIDENTIAL

General Information

The sites is located in Zhitomir region and have size of 135 ha. Based on the latest experience of visits and technical analysis around 60 MW can be installed with an energy yield in a range of 1109 kWh/kWp per year. Installation can be finished in 9-13 months with experienced team.

Site is large enough to easily incorporate PV power plant and no major obstacles and issues are foreseen. The general improvements are more on pre-work on the accessibility in the civil engineering package. The critical components are the transformers, but with the latest development of local suppliers and successful completion of the previous projects, the delivery can be managed on time.

A detail topographical map and a soil analysis are essential for the final layout. The team has to analyze the best mounting structure for this are with the best interface to the ground and we assume that localized product range can be integrated into this project.

In addition to this detailed analysis with the local utility needs to be initiated. Power plant has a significant capacity and this power needs to be transferred to the high voltage grid.As a result, it could be concluded that this plant can be easily technically installed.

We are looking forward to review with you our EPC conceptto start the design and installation as soon as possible.

Sincerely Yours,Oleg Gramotenko

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1. Ukraine Solar Energy information

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4

Quantity of RES-electricity production licensees and RES-electricity generating capacities, 2009-2015

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The average weighted feed-in tariffs, 2012-2015

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Actual volume of electricity produced from solar power, 2012-2015

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Dynamics of actual prices for traditional and renewable energy, 2014-2015

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Actual price per MW·h (solar), €ct

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1.1 About ZHITOMIR SOLAR PARK

• ZHITROMIR SOLAR PARK – including 4 sites http://zhitomirsp.weebly.com for solar energy

plant with all permissions.

1. Bolohyvsky Solar Park 1 LLC is located on 31,89 hectares. The estimated total capacity

around 13,1 MW.

2. Bolohyvsky Solar Park 2 LLC is located on 38,11 hectares. The estimated total capacity

around 15,7 MW.

3. Irshanska SES LCC is located on 35,74 hectares. The estimated total capacity around 17

MW.

4. Ganska SES LLC is located on 30 hectares. The estimated total capacity around 15 MW.

STRICTLY PRIVATE & CONFIDENTIAL

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2. Project information

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2.1 Project background

Project is planned to be installed in Zhitomir region, with capacity about 60 MW.

Project Zhitomir Solar Park

Total capacity

Solar irradiation

Expected net annual energy production

Annual energy yield

Feed-in tariff

Land lease agreement

Annual land lease cost

Annual O&M cost

Technology

Panels

Inverters

MS

CNBM

Sungrow

Akcome

n/a

4%

49 years

0.15 EUR/kWh

1 109 MWh/year

65 000 MWh

1 050 kWh/m2

60 MW

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2.2 Land Lease Agreement

Land plot information

Land plot is rented (official document – “Certificate”, confirming subsequent land allotment is in place) Land lease agreement is signing a Pre-drafting stage of solar power station construction (scheme below) Agreement term – 49 years Land lease tax tariff – 4% of land value The SPV have the right to extend, renew or purchase the land plot at the end of the agreements

STRICTLY PRIVATE & CONFIDENTIAL

SPV

• 4 SPV LLC (4 sites) 135

Area, haObtained certificate

Agreement status

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2.3 Infrastructure

For O&M and construction needs the access road from nearest public road to the solar parks will be constructed. Roads of 4 meters and several parking places will be constructed for services during maintenance of the solar parks. All roads will be made from gravel without asphalt coverage.

Service roads

Service and construction office will consist of 2-floor masonry building and several garages for machineries, which will work on site. The building will have independent boreholes and water treatment facilities

Service and construction office

Site will be protected by fence which consist of panel 2,3 x 2 meters and piles each 2 meters. The land plot will be surrounded with 0,5 high barbered wire. The access for trucks will be enabled by the 5 meters gate.

Fence

Security system will consist of passive and active parts:

•Passive part of security system will allow detecting possible criminals on the land plot, by monitoring current actions. It presumes installment of radars and self focused cameras, which will be synchronized in one system that could work independently with backup batteries.

•Active protection system is portrayed by military security company, working 24 hours a day on site. With support of passive system, it will detect and neutralize all possible criminals.

Security system

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2.4 Land evaluation

Risk

Obstacles

Power lines

Comments

There are shrubs and trees on the territory of the site

Not ready at the moment and need to be constructed

Geology survey have to be ordered.

There is highway along west border of the site

medium

medium

medium

low

Soil condition

Accessibility

Topography

There is power station 110/35/10 kV at the distance of 2,8 km from the site.

mediumGrid Connection

low The terrain is flat with slopes up to 1°

-lowEnvironmental concern

-lowHealth and safety

Risk of unauthorized intruders from the nearby village, which will be covered by the highly efficient security system of nearlysmall sized land plot.

low / mediumSecurity

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Transformer annex area

2.5 Site description

Location: Zhytomyr region, Ukraine

Latitude and longitude: 49°56'25“N 27°48'31“E

SPV: Bolohyvsky Solar Park 1 Ltd

Land area: 31,89 ha

Capacity: 13,1 MW*

Irradiation level: 1325,1 kWh/m2

Climate: summer is mostly hot, winter is mild and snowy. There is quite high solar activity in the region.

Connection point: substation 110/10 kV.

The topography of the surface of the plot

Basic parameters

15

Description of the Site:

•SPV construction site is located west of the village of Yurovka, outside centres of population.•Southward slopes up to 1.5° predominate within the site.• An automobile road is located not far from the northern boundary of the site.

N

S

* - indicated capacity corresponds to location of photovoltaic modules only on unshaded area.

Symbol legend:- Area shadowed

throughout the year;- Tile drainage pipes

Bolohyvsky Solar Park 1

Bolohyvsky Solar Park 2

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Transformer annex area

2.5 Site description

Location: Zhytomyr region, Ukraine

Latitude and longitude: 49°56‘2“N 27°48'44"E

SPV: Bolohyvsky Solar Park 2 Ltd

Land area: 38,11 ha

Capacity: 15,7 MW*

Irradiation level: 1325,1 kWh/m2

Climate: summer is mostly hot, winter is mild and snowy. There is quite high solar activity in the region.

Connection point: substation 110/10 kV.

The topography of the surface of the plot

Basic parameters

16

Description of the Site:

• SPV construction site is located west of the village of Yurovka, outside centres of population.• Northward slopes up to 2° predominate within the site.• An automobile road is located approximately 0.7 km from the site.

N

S

* - indicated capacity corresponds to location of photovoltaic modules only on unshaded area.

Symbol legend:- Area shadowed

throughout the year;- Tile drainage pipes

Bolohyvsky Solar Park 1

Bolohyvsky Solar Park 2

0.7 км

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2.5 Site description

Location: Zhytomyr region, Ukraine

Latitude and longitude: 50°49'34"N 28°48'33"ESPV: Irshanska SES Ltd

Land area: 35,74 ha

Capacity: 17 MW*

Irradiation level: 1319,8 kWh/m2

Climate: summer is mostly hot, winter is mild and snowy. There is quite high solar activity in the region.

Connection point: substation 110/10 kV “Meleni”.

The topography of the surface of the plot

Basic parameters

17

Description of the Site:

• SPV construction sites are located west of the village of Meleni, outside centres of population.• Southward and south-eastward slopes up to 1° predominate within the site.• An automobile road is located 0.35 km north of the site.

N

S

Substation 110/10 kV “Meleni”

Symbol legend:- Area shadowed throughout the

year;- Fenced off area of high-voltage

power line 110 kV

ВЛ-11

0 кВ

0,35 к

м

1,2 км

0,8 км

1 км

ВЛ-110 кВ

ВЛ-110 кВ

Site №3

Site№2

Site №1

Water drain

Irrigation channel

* - indicated capacity corresponds to location of photovoltaic modules only on unshaded area.

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2.5 Site description

Location or picture of land here

Location: Zhitomir region, Ukraine

Latitude and longitude: 49°55'4"N 28°39‘20"ESPV: Ganska SES Ltd

Land area: 30 ha

Capacity: 15 MW*

Irradiation level: 1349,5 kWh/m2

Climate: summer is mostly hot, winter is mild and snowy. There is quite high solar activity in the region.

Connection point: substation 110/35/10 kV “Berdichiv”.

The topography of the surface of the plot

Basic parameters

Description of the Site:

•The land lot for construction of PhES is located to the east of the city of Berdichev outside the settlements.

•The area of the land lot has different slopes up to 1°.•There is a motorway along the western boundary of the site.

N

S

Legend:- The area shaded throughout a year

PS 110/35/10 kV “N. Berdichev”

1,8 км

* - the power value is specified of the photovoltaic modules are placed only on the unshaded area.

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2.6 Irradiation analysis, energy output

The irradiation levels that the project is going to be exposed to varies on the monthly basis as illustrated above.Annual irradiation level is 1349,5 kWh/m2, which enables the electricity generation of about 1109 kWh/kWp annually.Expected net annual energy production will be about 14024 MWh.

The solar irradiation levels experienced in Zhytomyr region of Ukraine are amongst the highest in the country, about 1150-1400 kWh per . The average temperature may vary in between -5,1° and +18,5° C and reflects the European standard range. Even if the values during summer time are higher than the Standard Test Conditions, no major reduction in the output due to constant windy conditions is foreseen.

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

Average daily electricity production from the given system (kWh/kWp/day)

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Normalized production per installed kWp (12643 kWp): Loss diagram over the whole year

Performance Ratio (PR)

2.8 Energy output

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3. Key Project Components

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3.1 PV modules

NamePhotovoltaic

elementsMaximum Power 260-285Wp Cell Type 5 - 6 inches Quantity of cells 60Weight 19.5 kgDimensions min 1638 x 982 x 40

mm (LxWxH)Maximum Power Voltage 30 – 32VMaximum Power Current 7,8 - 8AOpen-Circuit Voltage 37 - 38VShort-Circuit Current 8,5 – 8,8AMaximum System Voltage 1000 V DCMaximum Series Fuse Rating 15APower Tolerance ±3%Temperature Coefficients of Pmax -0.4336±0.05% / DC

Temperature Coefficients of Voc -0.4049±0.05% / DCTemperature Coefficients of Isc 0.0825±0.02%/DCNominal Operating Cell Temperature 45±2°C

Service life 20-25Module efficiency ratio >15%Products guarantee 12 years

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3.1 PV modules

Bankability

All delivered PV modules are produced strictly according to the specifications, datasheets and certificates. The modules are safely packed for international truck and sea transportation and the appropriate flash-reports are provided in excel format before each shipment.CNBM will supply the policrystalline PV modules for the project. These module supplier is established and reputable PV manufacturer, which provide the PV modules with standard industry product and performance warranties.

Description

The different technologies in the market are mainly crystalline and thin-film products, which work in general with the same physical effect and can be distinguished in the efficiency, respectively in the power produced per area, where crystalline modules can reach more than 120 W/m2 and thin-film around 60 W/m2. With a higher production of power per area the user needs lesser space, which is relevant for leased areas and rented roofs. The thin-film installation costs are lesser per Watt but need double of the space that crystalline products need.

Technology

The selection of the module type depends on its price, technology, on its availability and mainly on its bankability. The lenders, banks and insurance companies put their focus on the brand’s value, warranty and track record.

Conclusion

The proposed modules are bankable and have a track record. The selection depends on commercial and bankability topics and needs to be reviewed together with the banks and investors. Thin-film modules would need double of the area and Greentech recommends using the crystalline solution for larger free field power plants.

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Manufacturer – Sungrow

Combiner box PVS-XM is used for collecting power from strings by connecting them to the combiner box. PVS-XM has fuses for short circuit, reverse current defense. PVS-XM has measurement channels for string monitoring and data can be transferred by CAN protocol to data logger.

3.2 Combiner boxes

Technical data:

Cable requirments:

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3.3 PV station

SG1000TS-MV PV Station is a 1 MW outdoor PV station, providing turnkey solution for building PV plant; designed with 20ft standart sea shipping container, easy for transportation, high integration for quick installation and commissioning; consist of:a) Metallic enclosure;b) DC cabinet;c) 2 inverters;d) LV/MV transformer;e) MV switchgear;f) LV auxiliary unit;g) Communication unit;h) Safety sensors (temperature&humidity sensors, ip-

camera, extinguishers sensors, door limit switches, water logging sensors, smog detectors);

i) Heating system

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3.3.1 Inverters

Nominal DC power

MPPT Voltage Range

Max. DC voltage

500 PV

500-820

1060A

1000V

Inverterspecifications

Max. DC current

Quantity DC Inputs

Quantity DC Fuses

Input data

Output data

1 MCCB

up to 8 psc (+/-)

The inverters are supplied by Sungrow and provide the highest efficiency levels across all central and decentral inverters currently available in the market.

630 PV

500-820

1170A

500-600 kWp 630-693 kWp

Operating with 10 kV voltage transformers for energy transmitting to 10 kV outer grid•Power capacity 630 kW•Developed to operate for what 1260 kVA stations•each PV station includes next equipment:a) concrete shelter;b) 2 inverters; c) copain-moded) Data logger;e) auxiliary board;f) heater;g) MV 3-field switchgear;h) 3-ports transformer 10/0,315/0,315 kV;i) smoke, door, motion sensors

Nominal AC Power

Grid voltage range

Grid frequency

Power factor

EUR ETA after transformer

Max ETA after transformer

500 kVA

~0,9

98,7 %

98,5 %

630 kVA

~0,9

98,7 %

98,5 %

250 ~ 362V 250 ~ 362V

50/60 Hz 50/60 Hz

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3.3.1 Inverters

Greentech recommends the supplier of the inverters to offer the best performance in quality and reliability. The chosen inverter concept from the Sungrow portfolio offers the highest efficiency among central and de-central transformer-less inverters. The inverter works directly with a medium voltage transformer that ensures less cable losses as well as a maximized yield. Other suppliers like Sungrow, but also SMA and ABB are internationally orientated and have a very good access to the European market with local teams and local certifications. The advantage of Sungrow is the local experience in Ukraine and the track record with similar sized projects in the country.

Description

The selection of the inverter concept mainly depends on the size of the power plant and on the local infrastructure. Central inverters are often used for larger MW plants with enough space for additional service stations. De-central inverters in the range of 10-20 kVA are used for roofs or areas with limited space.

Inverter concept

Conclusion

The chosen inverter concept offers the highest efficiency amongst transformer-less inverter. It features an integrated DC disconnector as well as string monitored fuses. For this larger site with 50 MW we recommend the central versions as a preferred solution to have an independent system. The combination of 500 kVA and 630 kvA units gives flexibility in the electrical layout.

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Technical data:

3.3.2 Voltage transformers

View of 10/0,315/0,315 kV 3 Phase hermeticallysealed transformer transformer:

Transformer is used for increasing the voltage to 10 kV for transferring to the grid.

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3.4 Foundation with piles

Standard depth in ground

Material

Specifications

1.2 m – 1.5 m

Steel, hot dip, galvanized

Posts

Type Sigma profile

PV modules in large power plants are usually mounted on elevated structures to minimize the land occupancy. Due to the bigger wind aperture of those PV fields, higher loads are therefore transmitted to the foundations, resulting in a design of heavy concrete foundations.The installation of metallic posts or screws is exceptionally fast and allows a laser cut precise installation. The ramming is performed with a special vehicle with actuators in order to press the SIGMA shaped piles into the ground. The length can be adjusted to the soil conditions’ requirements.

1,8 m – 3 mOverall length

The approach to use concrete foundations is in general not recommended if metallic ramming piles or equivalent solutions can be envisaged.Concrete foundations generally add significantly on execution time and complexity whereas the products for metallic ramming piles can be sourced locally.

Conclusion

•Suppliers: Fregat, Euroformat•15 year experience, about 650 000 piles for solar parks •Local suppliers, good quality of piles •Piles fixed with mounting system by screws, washers, clamping plate and nuts

On the picture steel pile is shown:manufacturer Fregat; coverage - hot dip galvanized with thickness 120 mkm; tolerances +/– 1 %

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3.5 Mounting system

Expected durability

Tilt angle of modules

Single row

15-20 years

&

2x11 & 2x6 [HxV]

MSspecifications

# of modules per structural element

Orientation of the modules

Wind loads

Base material

According to euro code 9

T6063/6060 aluminum for base profilesSUS304 for accessoriesHot dip galvanized steel for plants

T6063/6060 aluminum for base profilesT6063/6060 aluminum for base substructureSUS304 for accessories

Multiple rows

4x11 & 4x6 [HxV]

Portrait or horizontal

Snow loads According to euro code 9

Supplier – Akcome•4 of rows system•made according European standards•Support angles are and , height is about 2,8 m•MS s the basis for the installation of modules at the required angle. It has special cover -anodized aluminum for protection from corrosion

Portrait or horizontal

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3.5 Mounting system

Installations with one module mounting system are used for open areas with differences in the height level of the topography. It can easily be installed without additional machinery and is very flexible. No mayor leveling work in the field is necessary. It can follow the height levels of the site. A minimum distance of 2m between the rows slightly decreases the capacity rate per hectare.

The installation with two or more modules in vertical or horizontal have a slightly higher utilization rate of the field in MW per hectare. Can be installed in a similar way within the same time but it is necessary to install the system by teams of two people. A moveable scaffold is needed to guarantee a professional and safe installation.

One row system

Multiple row system

Conclusion

When selecting a mount, various options were considered, taking into account dynamic tracking of the sun throughout the daylight hours. It was found that the optimal solution for flat plot with stable soil is 4 rows system, for plots with complicated relief and unstable or weak soil is 2 rows or single rows systems on one piles. These structures are optimally priced for the material consumption per unit modules and savings in bearing piles, have many positive aspect of the series, also increased distance between the tables which in turn makes it possible to use the standard mechanical engineering. With increasing design series will have adverse effect on the speed of installation and maintenance during operation as well as the height of the construction will reach critical levels.

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The suppliers are Telefonica, SKW, LAPP, Leoni, Prysmian, HELUCABLEWorld-known companies with experience more than 40 yearsCables are VDE, IEC, ISO certifiedused types – NYY, N2XS(FL)2Y, N2XSEY, solar cable, Li2YCYv, ADQ(ZN)(SR)2Y

3.6 Cables and conduits

MV cables, Solar Cables, DC cables, Data cablesN2XS(FL)2Y

N2XSEY

NYY

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3.7 Monitoring system

SKYTRON PVGuard Platform was selected as monitoring system supplier. It is a complete intelligent SCADA solution that offers to operator and investors an efficient and real-time tool for monitoring and maintaining the megawatt-class PV Park.It is versatile, flexible and strong instrument that perfectly interacts with a large part of equipment. The intuitive graphical user interface represents and confronts performance and error data consistently making the plant easily comparable.

Functions

• Real-time visualization of data in high resolution

• Storage and archiving of all measured data

• Alarm management and incident control

• Configurable automatic email notification

• Data exporting

• Single point administration for multiple PV Park

• Compare components across different plants

This monitoring system is the fast link between solar equipment and its owner. It provides a complete plant monitoring, remote diagnosis, data storage and display. Access to the system data is available via a web browser, smartphone and tablet at anytime from anywhere in the world regardless of the operating system or browser type.PVGuard is a vendor-independent PV monitoring, it support combiner-box, inverters, energy meters and environment sensors.

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3.8 Warranty terms

Mounting system warranties

Sungrow carries out the commissioning and start-up process of the inverters which is a prerequisite for the warranty to be valid and effective.Inverter warranty specification is outlined as follows:

Inverter warranties

Warranties will be provided by supplier (CNBM) that will provide modules for the project. Both product and performance warranties will be obtained:Limited product warranty:Modules will be replaced or repaired if there are defects in materials and workmanship.Guaranteed peak power warranty (performance):If the modules generate an output rate below:• 90% in a period of 10 years;and• 80% in a period of 25 years,the loss in power will be compensated through the provision of additional modules or by repairing the original ones provided by the suppliers.

PV module warranties

The supplier will not be liable for:Any loss in revenue, profits and reduction as a result of module defects and damage or injury to persons or property.Any liability payable by the supplier shall not exceed the invoice value paid by the SPV for each module.

Validity period

24 months from the date of commissioning

Costs Transportation costs for repaired inverters or replacement parts are covered by warranty.Transportation costs for returning the defective parts lie with the project.

Warranty term Metallic 10 years

Ultraviolet resistance or plastic components

10 years

All other components

2 years

Warranty commencement date Date of delivery

Limitation of the scope

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3.9 Key counterparties

Company

O&M

Modules

Description

High professional and result oriented team with high speed of execution of the projects

4 SPV

CNBM

Provider

Inverters

Mounting System

Power offtake

Quality assurance

Insurance

Security

Positive experience is solar parks insurance

With obtaining certificates for each parks separately

Sungrow

Akcome

Active insurance

TUV\VDE

Positive experience2 local companies

WEM

High quality equipment with low quantity of spoilage. Short terms of delivery, acceptable packages which allow deliver, unload and storage without significant losses, Element supports with full scope of warranty for required period, manual, recommendations for assembling and maintenance.Low price with positive experience on the marked.

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4. Project Construction

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4.1 Stages of solar power stations construction

- Study of the network status and substation capacity- Selecting scheme of power distribution- Endorsement of a chosen variant with the network Owner

- Topographic mapping - Geological engineering survey - Historical archaeological survey (if necessary) - Permit for design and survey work

- Development of BE Stage- Development of P Stage- Undergoing an expertise assessment- Development of CD Stage- The Project business plan

- Analysis of suppliers and a Contractor, assessment of opportunities and risks- Tendering- Signing contracts for services and supplies

- Declaring of construction start- Preparatory and in-site works- Pile sinking and fastening structure mounting- Electric installation works (DC/AC)- Commissioning works

- Connection of the constructed SPS to the network- Conclusion of contracts, acquisition of certificates and licenses- Carrying out technical and financial audit

2-3 months 3-4 months 1 month

up to 1 month up to1 month 2 months 1 month 3 months 1 month6 months

- Listing of plots for possible connection- Selecting of a land plot- Visual inspection of the plot- Registration of a legal entity- Allotment of the land plot

6 months

Designing Construction CommissioningPre-drafting stage

Process of solar power station construction

Financial control for all project stages

Land allotment FS

Background data

acquisition

SPS designing

Supplier selection

SPS construction Commission

37

Currently project is on “SPS designing” and “Supplier selection” development stages.

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5.2 Typical schedule of construction works

38

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30Basic engineering

Execution drawings

Equipment delivery

Preparatory works

Roads 5%

Fence installation

Service buildings and facilities

Inverter station + GCB

Ramming piles

Trenches preparation

Cable laying

Mounting of tables

Mounting of modules

0.4 kV electrical works

10 kV electrical works

Commissioning

Lightning protection system

Security & Video Control Systems

100%

100%

100%

100%

95%

100%

100%

100%

100%

100%

100%

Name of works Weeks

100%

100%

100%

100%

95% 5%

100%

100%

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5 Appendix

39

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5.3 Compensation of grid connection costs

40

Project documentation development of external electrical power supply

Works

Funds within tariffs for electricity transmission, and / or through repayable financial aids provided by the customer to electricity transmission organization

Financing

Construction and installation works and commissioning of newly constructed or reconstructed electrical unit; its connection to the terminal point

• 100% - funds within repayable financial aids provided by the customer to electricity transmission organization

Source: NERC “Resolution #32 dated 17 January 2013”

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41

PPA Procedure • Ukrainian legislation does not comply with the European. For "green" tariff in Ukraine the law provides a

certain order. This order is clearly stated in the Decree of 02.11.2012 № 1421 ENERGY AND UTILITIES the NATIONAL REGULATORY COMMISSION "On approval of the establishment, review and termination of the" green "tariff for business entities."

• The Law of Ukraine "On elektroenergetku" guarantees by "green" tariff for the whole period of its validity.• Article 17.1 (last paragraph) of the Law "On elektroenergetiku."• The State guarantees the consolidation at the legislative level for the whole period "green" tariff requirements

for procurement in each billing period the electricity produced at the power plants, including the commissioning phase of construction of power plants (NSC), using alternative sources energy (except for blast furnace and coking gases, and for hydro-energy - only micro, mini and small hydroelectric power plants), and not sold directly to consumers under contracts or supply company, established by the "green" tariff allowances given to him in accordance with established Article 17-3 of the Act, to the extent and manner specified in Article 15 of this Law, as well as the payments for such electricity in full, on time and in cash.

• Changes in the law may make a Parliament and must be sign by the President of Ukraine.• Recent changes have been made June 4, 2015 with the aim "to ensure competitive conditions of production of

electricity from alternative energy sources. Law of Ukraine about bringing to log On amendments to some laws of Ukraine to ensure competitive conditions for the production of electricity from alternative sources of energy from 04.06.2015. This law was abolished condition of "local content" for "green" tariff in the construction of energy facilities.

• After the entry into force of the changes for the green tariff is only one limitation, this line of construction of electric power facilities that generate electricity using alternative energy development plan incorporated power system of Ukraine for the next ten years the.

• Our facilities are included in the development plan of the united energy system of Ukraine for the next ten years the, as Technical conditions for connection were issued before 1.7.2015 (Law of Ukraine "On elektrenergetike")

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PPA PROCEDURE

Feasibility study on the construction site and grid connectionLand Lease Agreement

Technical specifications for connection to the grid

Connection to the grid agreement

after InstallationLicense NERC http://www.nerc.gov.ua

Signing PPA (sale agreement) with State Enterprise “Energorynok”

http://www.er.gov.ua Confirmation of FIT obtaining

Sale of electricity act

Page 43: Solar Park Executive summary

PPA PRICEhttp://zakon4.rada.gov.ua/laws/show/575/97-вр/print1436274478830553

http://zhitomirsp.weebly.com/ukrainian-law.html

3. Solar tariffs per kWh: a. Starting feed-in tariff would be for those power plants installed in 2017-2019 – 15 euro cents + VAT 20%; 

Page 44: Solar Park Executive summary

5.4 List of required permits / agreements

44

Permit on development of land arrangement

Land arrangement project Approval of land arrangement Land registry extract Land lease agreements Other documents

Land lease Extract from the Uniform State Register

of Enterprises and Organizations of Ukraine (USREOU)

The certificate of state registration of a legal entity

Charter Other documents

Registration of a legal entity

General contractor contract Design contract Equipment supply contracts Warranties Installation works contracts, designer's

technical supervision

Construction Security agreement Insurance agreement O&M agreement Manning table Labor contract Other documents

Maintenance

Feasibility Study Topographic mapping Geological engineering survey Pales specification Permit for design and survey work Corrective action register Other documents

Project documentations

Connection to the grid agreement Technical specifications for connection

to the grid License NERC Membership Agreement with WEM Signing power sale agreement with

State Enterprise “Energorynok” Confirmation of FIT obtaining Sale of electricity act Other documents

Sale of electricity