Presentation I gave at the ASES conference, with highlights from my GTM Research Concentrating Solar Power (CSP) report

1. Concentrating Solar: Readyfortakeoff – or stalled on the launchpad? ASES May 18, 2011 Brett Prior, CFA Senior Analyst Greentech Media / GTM Research

2. CSP PV Flat plate Trough CLFR CPV Dish Tower

3. Future looks bright for CSP Source: GTM Research

4. Near term pipeline mostly trough, with tower in 2014+ Source: GTM Research

5. CSP Plants In Operation (1,167 MW Total) Spain: 582 MW France: 1 MW Germany: 2 MW U.S.: 507 MW Iran: 62 MW Australia: 3 MW Parabolic Trough Power Tower CLFR Dish Engine MicroCSP

6. CSP Plants Under Construction/Development (17,539 MW Total) Israel: 250 MW Jordan: 100 MW Spain: 4,456 MW France: 21 MW Italy: 28 MW U.S.: 8,669 MW China: 2,500 MW Greece: 50 MW Egypt: 20 MW Morocco: 520 MW Algeria: 20 MW 14% India: 70 MW Sudan: 250 MW 76% UAE: 100 MW Australia: 520 MW South Africa: 100 MW Parabolic Trough Power Tower CLFR Dish Engine MicroCSP TBA

7. US CSP Market

8. Robust pipeline with trough & tower BrightSource Ivanpah BrightSource’s Ivanpah Abengoa Solana

9. Robust pipeline with trough & tower Abengoa Solana STA Blythe NextEra Genesis & Beacon BrightSource Ivanpah UA Tech Park Source: GTM Research

10. Crescent Dunes NEVADA US CSP Project Tracker UTAH CALIFORNIA Amargosa Farm Road Beacon Solar Coyote Springs (I & II) Fort Irwin Gaskell (I & II) BrightSource-Ivanpah eSolar (I & II) Kingman Project (I & II) AMS Harper Lake Palmdale Parabolic Trough Hualapai Valley Solar Project Mojave Solar Victorville Genesis (I & II) Rice Solar ARIZONA Power Tower Palen Quartzsite Solar Imperial Valley II Solana Dish-Engine Blythe (I & II) Sonoran Solar PPA Signed No PPA Signed Imperial Valley I UA Tech Park Mt. Signal Solar Size Represents Project Capacity in MW SolarCAT Pilot Last update 2/14/11 Created by Brett Prior (prior@gtmresearch.com) 5 MW 100 MW 250 MW 500 MW >1,000 MW

12. Levelized Cost of Electricity (LCOE) Analysis

13. Cost per watt is a key input for LCOE Source: GTM Research

14. Since 2007, LCOE flat over time - but lower at scale Source: GTM Research

15. LCOE varies widely by solar technology Source: GTM Research

16. Our forecast for LCOE shows dramatic improvements Source: GTM Research

17. Market Share Analysis

18. Source: GTM Research

19. Q&A Brett Prior, CFA Senior Analyst GTM Research prior@gtmresearch.com