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WIND ENERGY HAMBURG Latin American Forum September 25 th , 2014 Dr . Winfried Weigel PowerPoint Presentation
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WIND ENERGY HAMBURG Latin American Forum September 25 th , 2014 Dr . Winfried Weigel

WIND ENERGY HAMBURG Latin American Forum September 25 th , 2014 Dr . Winfried Weigel

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WIND ENERGY HAMBURG Latin American Forum September 25 th , 2014 Dr . Winfried Weigel

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  1. WIND ENERGY HAMBURG Latin American Forum September 25th, 2014 Dr. Winfried Weigel winfried.weigel@cltcap.net Cr. Gustavo Weigel gustavo.weigel@cltcap.net Clean Tech Capital

  2. Wind Energy Projects Latin America Overview Clean Tech Capital 1

  3. LATIN AMERICA: Investments in Renewable Energy Brazil evolution in USD bn Source: Ren21 / Bloomberg New EnergyFinance / UNEP 2

  4. LATIN AMERICA: Investments in Renewable Energy LATAM evolution in USD bn Source: Ren21 / Bloomberg New EnergyFinance / UNEP 3

  5. SOUTH AMERICA: Wind Energy Wind power capacity evolution (%) South America vs World South America wind power capacity growing percentage in comparison with rest of world Source: www.thewindpower.net 4

  6. LATIN AMERICA: Wind Energy Source: www.thewindpower.net 5

  7. LATIN AMERICA: Wind Energy Source: www.thewindpower.net 6

  8. Wind Energy Projects Financing & Tax Benefits Clean Tech Capital Case study: “URUGUAY”

  9. URUGUAY • Strategic location • Regional commercial / logistic hub • Among MERCOSUR highest GDP cities • Political and social stability • Favorable business climate • Investment grade (S&P, Moody´s, Fitch) 8

  10. URUGUAY • Renewable energy: 50% matrix • Public-private partnership law • Investment promotion law • Local financial vehicles • PPA with UTE (Public Electric Company) 9

  11. URUGUAY: Advantages for Renewable Energy Investment Projects • Government Objective: 50% matrix • Project Financing Local Vehicles • Tax Exemptions by Promotion Law 10

  12. EQUITY FINANCING DEBT FINANCING URUGUAY: Project Financing Local Vehicles Tax Incentives!! Banks Multilateral Credit Agencies Local IPO (Bonds) (Financial Trusts) Local IPO (Stocks) Tax Incentives!!

  13. URUGUAY: Project Financing Local Vehicles / Tax Incentives Local IPO (Stocks) Local IPO (Bonds) (Financial Trusts) 12

  14. URUGUAY: Tax Exemptions / Investment Promotion Law Renewable Energy Investment Projects in Uruguay Regulatory Framework • Law N° 16.906/1998 - Investment Promotion Law (General Regime) • Decree N° 02/2012 - Investment Promotion Regulation (General Regime) • Decree N° 354/2009 - Investment Promotion Regulation (Power Generation) The project must accomplish with objectives and indicators required Promotion of investment in the country, without distinction of local or foreign investors 13

  15. URUGUAY: Tax Exemptions / Investment Promotion Law Dec. N° 02/2012 General Regime 14 UCE = Employment Unit IEUI= Eligible Investment in millions of Indexed Units IEUSD= Eligible Investment in millions of USD

  16. URUGUAY: Tax Exemptions / Investment Promotion Law Dec. N° 02/2012 General Regime 15

  17. URUGUAY: Tax Exemptions / Investment Promotion Law Dec. N° 354/2009 Power Generation Prospecting and exploration for minerals Class I. Conversion of equipment and / or incorporation of processes for the efficient use of energy. Domestic manufacture of machinery and equipment bound for the above activities. Conversion of solar energy into thermal energy. Power generation from nontraditional renewable sources. Services provided by Energy Service Companies (ESCOs). 16

  18. Tidal / Wave Power Solar Thermal / Photovoltaic Energy Hydropower (Small) WindEnergy GeothermalEnergy Biomass URUGUAY: Tax Exemptions / Investment Promotion Law Dec. N° 354/2009 Power Generation 17

  19. URUGUAY: Tax Exemptions / Investment Promotion Law Dec. N° 354/2009 Power Generation 18

  20. URUGUAY: Tax Exemptions / Investment Promotion Law Renewable Energy Investment Projects in Uruguay / Tax Benefits Big Projects (Renewables are 100% of the assets of the project) Small Projects (Renewables are +5% of the assets of the project) Dec. N° 02/2012 354/2009 Dec. N° 02/2012 PV Farms WindFarms PV Roofs Windmill Combined Energy to sell to public electricity company Energy for private industry use Simulation Model to be prepared case by case…. 19

  21. URUGUAY: Wind Energy Farms Source: DNE 20

  22. URUGUAY: Wind Energy OperativeFarms12 Farms / 303 MW Farms in construction3 Farms / 88 MW Developingprojects20 Farms / 1.186 MW Source: DNE 21

  23. URUGUAY: Wind Energy Ranking 1st wind power in relation with energy demand for year 2016 • WindEnergy • 2016 • 1,200 MW • 33% / energy demand Source: DNE 22

  24. Wind Energy Projects Company Profile Clean Tech Capital

  25. Brief Corporate Profile CLEANTECH CAPITAL is an independent privately-owned investment banking and advisory firm with a focus on the Clean Technology and Renewable Energy sector: • we are a global organization with operations in North America (US and Canada), South America and Europe (Western Europe and CEE) and a good network into Asia and the Middle East • we have access and maintain relationships with most of the institutional investors (pension funds, family offices, investment funds, insurance companies) in the clean technology sector and have good understanding of their investment strategies • we provide access to strategic partners, project developers, technical experts, financial institutions and are able to offer comprehensive project development, corporate development, corporate and project finance skills • we provide first class execution in strategy implementation, mergers & acquisitions, corporate finance and selected capital markets assignments with a very hands-on approach. CLEANTECH CAPITAL can lead you doing business in the Latin America region

  26. Investment Banking Services Financing Mergers &Acquisitions Going Public /Private Privatisations Restructurings • Capital Raising • Project Financing • Private Placement • Public Offerings • Rating Process • Bank Loans • Structured Finance • Mezzanine • Venture Capital/PE • Acquisitions • Disposals, Spin-offs • Mergers • De-Mergers • Public Takeovers • Bid Defense • Joint Ventures • MBOs, MBIs • Preparation of Decision • Corporate Re-structuring / Governance • Equity Story • Prospectus • Underwriting Process • De-listing • Preparation of Decision • Re-structuring • Corporate Governance • Organization of Process • Managing the Process • Bidding Tactics • Negotiations • Emergency Planning • Debt Analysis • Business Planning • Re-organization Plan • Communication and Negotiation with Creditors • Implementation

  27. Contact Europe North America South America Dr. Winfried Weigel winfried.weigel@cltcap.net tel: +41 41 760 3173 cell: +41 76 443 2001 fax: +41 41 760 3174 Geoff Marney geoff.marney@cltcap.net tel: +(1) 416.777.6672 cell: +(1) 416.570.2950 NYC: +(1) 646.350.7514 Cr. Gustavo Weigel gustavo.weigel@cltcap.net tel: +598 2908 70 85 cell: +598 99 618 514 fax: +598 2908 70 85 201

  28. Disclaimer The content of this presentation should be considered simply as a summary for informational purposes, under no circumstances it could be taken as a general investment advice or recommendations for making / not making a particular investment. This document is an internal working draft presentation. It is not necessarily updated and it was made to be used as a guide only by the staff of the firm. The information contained in it, comments, references to standards, criteria, fees, and disclosures should not be construed as an advice or personal opinion for a specific case. The information contained in this draft presentation should not be taken into account to make an investment decision or divestiture. Therefore, CleanTech Capital does not pour any recommendation in this regard and disclaims all liability for business decisions to be taken. This presentation has been prepared by CleanTech Capital and its contents may not be reproduced and / or distributed except with written consent.