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enornnated PPA with the National Adminst ratan of Power Plants ana Seduce! Transmesons, or We 'UTE • the
part of the REPPP program under which a solar project is regulated as an independent power producer and is auttonzed to produce and sell electncty to Eskom the couty s largest staeowred power utility, pursuant to a license issued by VERSA The coulerparty to the PPA is Eska", which a rated 88+ by S&P Th
that are under common control of SisiEdson Green Power Renewable Energy Sondem mica Proprietary Lorded
ptions or con:Stone Revenue Paver purchase agreements Substantially all of the Operating Ertites revenues are °Vaned through the sale of energy to Eskom pursuant to teens of We PPM Concentration risk does exist as tie Operating Entities transact with only one customer, namely Eskom This concentraton
s as al March 31, 2015 and December 31 2014 14. Power energy revenue The Operatirg Emma entered into P
ttling tee asset retiremers obligatens as al March 31, 2015 and December 31 2014 14. Power energy revenue The Operatirg Emma entered into PPAs wlh Eskom a stale owed &day In accordance with the PPM, the countetparty acquires the lull outµ( gererated by the plant on an 'as available' basis Figures In
c tors 7 451 — REV.34X1 parnes SunEdson Green Power Southern Nnca Proprietary United — 223 954 SEG
of settling the asset retirement oblgaticns as al December 31, 2014 and 2013 14. Power energy revenue The Operating Entities entered into PPAs with Eskom a state owned entity in accordance with the PPAs, the counterparty acquires the lul output generated by the pant on an 'es available' basis Decembe
Entities connected to both Samantha Power and Eskom