91MW Ground Mount Solar Assets

Successfully built power facilities for customers in NC

Partners

Summary

  • Completed development and construction of two projects during FY 2017
  • 91MW in North Carolina, with Duke Energy long term power contracts
  • $13.7 million, investment generated revenues of $25.4 million (1.85x MOIC)
  • VivoPower has long-term asset management agreement

Outcomes

  • Track record with institutional investors
  • On time and on budget

NC31 & NC47

Project locations

Rooftop Asset Portfolio

First agreement with strategic partner ReNu Energy to transfer 5MW solar projects

Partners

Summary

  • ROFO agreement for projects under 5 MW
  • First project (600 kW Amaroo)
  • Annual alliance fee for 5 year term and an up-front origination fee per project
  • Long-term asset management agreement

Outcomes

  • Off-take for pipeline in growing market
  • 5 year revenue profile
  • Strong alignment with long term asset owner
  • Efficient structure for execution of smaller projects

Operational rooftop asset portfolio

Project locations

US Joint Venture

JV partnership to develop solar assets worth $2bn by 2020

JV Partner

Summary

  • 1.8 gigawatts of utility scale projects
  • 9 states across the United States
  • ISS responsible for development
  • VivoPower has limited capital invested
  • VivoPower has right to acquire developed projects, and intends to design, finance, build, and operate projects

Outcomes

  • Control project pipeline at an attractive cost
  • 3 – 5 year revenue profile

Strategic highlights

  • Strong alignment with JV Partner with complementary capabilities
  • Risk mitigated investment – low downside with strong upside potential
  • Diversified opportunity in states that are experiencing explosive solar growth

Development pipeline

* Note: Exact MWdc subject to change through engineering process. Totals may not sum due to rounding.