TRUSTED BY CORPORATIONS. Aug 2018 One Example 2 2 Watch on - - PowerPoint PPT Presentation

SOLAR POWER. TRUSTED BY CORPORATIONS.

Aug 2018

Update on Malaysia Renewable Energy Framework

Leveraging no-CAPEX options to reduce costs and CO2 emissions

Cleantech Solar – Strictly Private and Confidential

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One Example

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Watch on

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Cleantech Solar at a Glance

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▪ > 80 Employees ▪ Singapore HQ ▪ 8 Offices ▪ > 40 engineers ▪ Footprint in 8 countries in Asia ▪ Over 120 Sites, 150 MWp ▪ Landmark 20 MWp single site ▪ Highly skilled team of experts in Finance, Engineering & Design, Construction and Safety

Cleantech Solar provides solar energy solutions to Commercial & Industrial customers by financing, installing, operating and maintaining solar systems on their rooftops Cleantech Energy Corporation “Cleantech Solar”, founded in 2014 Ready to go and here to stay: exceptionally strong balance sheet backed by international lenders Mission & Ambition: To deliver an unrivalled solar experience for corporations towards clean energy transition

India Singapore Philippines Thailand Cambodia Vietnam Malaysia Indonesia

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A Recognised Leader

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“We have already seen the growth of home- grown enterprises like Singapore solar company Cleantech Solar, which has developed capabilities in roof-top solar system integration and remote monitoring from Singapore, and ventured into the region”

• Mr. S Iswaran

Minister for Trade & Industry, Singapore

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Shared Values: Safety on Top

5 1) ) HS HSE E Polic

• licy
• Safety Policy
• Drug & Alcohol Policy
• Fall Prevention

2) ) Ri Risk As Assessment Team eam

• S.O.P. for Fall Prevention Plans
• S.O.P for Method Statements
• S.O.P. for Risks Assessments

4) ) Provisio isions of

• f Su

Superv rvis isor

• rs
• Provisions of Assessors
• Daily Toolbox Meeting
• PPE Control

3) ) Per ermit it to

• Work
• rk System
• Safe Work Procedures
• Method Statements
• Fall Prevention Plans

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Trusted to Deliver by

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Cleantech Solar – Strictly Private and Confidential

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What our Customers Say

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Partner

Professional & Expert Knowledge Business Friendly Model

Execution

Highest Environmental Standards

Financing Ability

Combination Know-how & Finance

Timely

Efficient

High-quality Product

Straightforward Process

Trusted

Premium Quality of Service

ConsistentQuality

Strong Technical Know-how

to Deliver

Across The Region

Safe

Long-term

Best-in-class

Save Costs

Reliable

Cost-saving Solution

Health and Safety Compliant

No Capital

No CAPEX No Disruption

Cheaper Power Cost

Cleantech Solar – Strictly Private and Confidential

Onsite Solar – the Business Models

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CAPEX OPEX (Leasing or Power Purchase Agreement)

Customer makes the acquisition of the system Customer enters into a long-term agreement with the solar provider (typically 15 to 25 years) He appoints an EPC contractor to design, build and deliver the system The solar provider will finance, design, deploy and manage the solar system He then appoints a contractor (same or different) to carry out Operation & Maintenance Typically monthly payments are based on the system performance/energy output Most costs and risks are in the scope of the provider

Cleantech Solar – Strictly Private and Confidential

Onsite Solar – Feedback from our Customers

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Key drivers in OPEX and CAPEX decision model

Strategic Focus Considerations Risks Speed of Execution Core vs non-core Project execution risk Decision processes without CAPEX are

• ften faster

Allocation of resources during procurement stage Solar system performance No need to mobilize an internal project team Allocation of resources during O&M phase Uncontrollable aspects (example haze in NCR) Repeatability across countries

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Solar Made Easy: Hassle-Free Solution

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Cleantech Solar takes care of Solar Power development from A to Z: All details about the solar technology and financing options that work best for your project

Technology & Performance:

We take the risks

Project Execution Risks:

Our problem

Developing O&M Capabilities:

We take care of it

Your Customer Experience:

Sit back, relax and enjoy solar energy benefits

After: Before: Tying Up Capital:

We fund all the investment

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Expanding in Malaysia

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Cleantech Solar – Strictly Private and Confidential

Why Sustainable Business

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International standards today Legal Standards

Following local laws, gives business a relatively large space to operate in Corporate Image & Identity: MNC’s want to be the leader of adopting best practices – large corporates to follow

Best Practice Today More demanding legal standards by 2030

Large corporates MNCs approach and higher levels

• f control &

performance i.e. a constricted

• perating space

More Demanding Legal Standards in near future as Global Warming becomes an alarming concern and agenda to the world. Businesses will have to perform better than ever.

In the near future, only the best managed business, with highest performance will be able to survive

Adapted from Aditya Birla Group

Innovators

Laggards

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Growing commitment to sustainability

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Key Drivers

Source: Mckinsey & Company - Sustainability’s deepening imprint

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Malaysia Renewable Energy Roadmap

2001 - 2005 2006 - 2010 2011- 2015 2016 - 2020

8th Malaysia Plan RE as 5th Fuel, implied 5% RE in Energy Mix 9th Malaysia Plan RE Targets of 300 MW in Peninsula Malaysia 50 MW in Sabah 10th Malaysia Plan Establishing the feed-in tariffs (FIT) system with an annual installed capacity caps to 2030

Reference: http://www.epu.gov.my/en/rmk/eleventh-malaysia-plan-2016-2020

11th Malaysia Plan Implementing 500MW capacity under NEM programme commencing 1st Nov 2016 until 2020 with 100MW capacity limit a year in Peninsular Malaysia and Sabah.

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NEM Scheme Solar PV Installation Guideline

Reference: http://www.seda.gov.my/?omaneg=00010100000001010101000100001000000000000000000000&s=5704

• Maximum capacity of the PV system installed for C&I consumers:

a) 1MWp or 75% of maximum demand of the consumer’s current installation (for current transformer metering), whichever is lower;

i. based on past 1 yearr ave of the recorded maximum demand of the consumer’s installation; ii. the declared maximum demand for consumers with less than 1 year;

b) 60% of fuse rating (for direct meter) or 60% of current transformer (CT) rating for low voltage consumers.

• Net export capacity for connection to the distribution system shall be not less than 1kWp and not more than 1MWp

rating measured at the connection point, and net export capacity at the Connection Point shall not exceed 75% of the maximum demand of the energy metering consumer.

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NEM Project

NEMAS & SEDA Application Process

NEMAS (Net Energy Metering Assessment Study) submission to TNB

1 week (Thu- Mon) electrical load meter record + study on the electrical load data Prepare for engineering design (SLD + layout + connection point + equipment to be used) Endorsement by PE on the SLD and Layout) Prepare application documents

SEDA Application for PV system quota

Received NEMAS report & approval Preparation on firmed engineering design (SLD + layout + connection point + equipment to be used + project cashflow) Compilation on the applicant’s company documents)

ST (Suruhanjaya Tenaga) Licensing (Three phase system >72 kWp)

ST generation license to be applied for obtaining generation license and net export meter replacement To arrange an appointment with local regional TNB for meter changing and PV system commissioning

Contract Signings with TNB SEDA registration

Preparation duration: 3-4 weeks Approval duration: 3-4 weeks Preparation duration: 2-3 weeks Approval duration: 1-2 weeks Approval duration: 10-12 weeks 1 week 1 week

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Self-Consumption Project

NEMAS & SEDA Application Process

Power System Study

Acquire TNB electrical network data nearby client’s buildings System simulation with PV system connected Report submission and presentation to TNB Report approval from TNB Preparation duration: 2-3 weeks Approval duration: 3-4 weeks Online notification to TNB regarding the Selco project

ST Generation License

Compilation of the submission documents to ST (incl. PSS approval letter from TNB) Online application submission & hardcopy submission to ST ST licensing review and approval Preparation duration: 2-3 weeks Approval duration: 12-18 weeks

Testing & Commissioning of Project with the submission of QP-endorsed test results/certificates

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Typical Connection

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Mounting Examples

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Adapted features to meet customers needs Additional load imposed by the introduction of the PV system will be around 15kg/m² for metal roof and 20kg/m² for concrete roof A compatible PV mounting system will be selected after the pre-construction survey Common roof types are: ▪ Metal roof

• standing seam (e.g. KlipLok)
• non-standing seam

▪ Concrete roof

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Floating PV – at Grid Parity

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• Solar Energy Research Institute of Singapore (SERIS) is running a 1 MWp test-bed at a fresh water

reservoir in Singapore;

• Several types of floating solutions being tested in 100 kWp setups;
• System to be expanded to up to 5 MWp in a Phase 2;
• http://www.straitstimes.com/singapore/floating-solar-cell-test-bed-is-worlds-largest
• http://www.channelnewsasia.com/news/singapore/tengeh-reservoir-to-host-world-s-largest-solar-panel-testbed/3232878.html

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Additional Benefit: Reduce Heat Gain

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Cooler roof due to shading:

▪ Reduction of temperature ▪ Additional insulating air barrier between the solar modules and the roof

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Rooftop PV from the Onset – Solar-ready Building

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• More and more companies embed rooftop PV in their plans

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• They aim for their building to be “future-proof”

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• They still want to benefit from a 3rd-party funded solution

The Kuehne + Nagel Singapore team made sure the building was “solar- ready” & “solar-as-a-service” is the ideal extension to the logistics hub which was built according to highest environmental standards.

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• Roofing contractor to acknowledge prior to being awarded

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• LV Distribution Board to factor in Solar

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• Risers/cable runs to factor in Solar cabling

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• Where possible, shading risk to be avoided

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• Industry-standard, standing seam roofing solutions to be preferred

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Importance of O&M Best Practices

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Preventive Maintenance:

Periodic tests and inspections to ensure components and PV system are operating at optimum/safe functionality

Reactive Maintenance:

Unexpected repair of PV system which is associated with the loss of energy generation

Predictive Maintenance:

Analytical monitoring of “big data” to allow proper assessment of PV system past, present, and future behaviour

Cleaning:

Optimally determined periodic washing of PV modules which increases performances by reducing soiling

Monitoring

 Our experts team and optimal O&M process dedicated to ensure high uptime

Soiling measurement Meteorological station

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Weekly Solar Generation

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12:00:00 AM 3:30:00 AM 7:00:00 AM 10:30:00 AM 2:00:00 PM 5:30:00 PM 9:00:00 PM 12:30:00 AM 4:00:00 AM 7:30:00 AM 11:00:00 AM 2:30:00 PM 6:00:00 PM 9:30:00 PM 1:00:00 AM 4:30:00 AM 8:00:00 AM 11:30:00 AM 3:00:00 PM 6:30:00 PM 10:00:00 PM 1:30:00 AM 5:00:00 AM 8:30:00 AM 12:00:00 PM 3:30:00 PM 7:00:00 PM 10:30:00 PM 2:00:00 AM 5:30:00 AM 9:00:00 AM 12:30:00 PM 4:00:00 PM 7:30:00 PM 11:00:00 PM 2:30:00 AM 6:00:00 AM 9:30:00 AM 1:00:00 PM 4:30:00 PM 8:00:00 PM 11:30:00 PM 3:00:00 AM 6:30:00 AM 10:00:00 AM 1:30:00 PM 5:00:00 PM 8:30:00 PM

Building Load vs Solar Generation (kW)

Day 2 Day 3 Day 4 Day 5 Day 6 Day 7

____ Load ____ Solar Illustration

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Daily Solar Generation

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Illustration

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Load Balancing

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• 500

Weekly Load & PV Generation (Max / Average / Min)

Load - Maximum Load - Average Load - Minimum PV Generation - Maximum PV Generation - Average PV Generation - Minimum

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Reliable, Seamless & Transparent

27 ▪ A robust project management approach enforced regardless of the contractor ▪ Excellent performance: our disciplined project management guarantees performance and efficient outcomes ▪ Highly skilled team to on-board, train, manage and monitor the contractor ▪ Swift and assured execution thanks to our strong liquidity ▪ Transparent and comprehensive weekly progress report

O&M Handover Adjust the Plan, Manage Change Contract Execution Project Kick-off Start Materials and EPC finalisation Analyze and Revisit Status Detailed Design Documental Submissions Close Project Collect Progress Information Start of Installation

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Enforcing Engineering Best Practice

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▪ Best Practices

• VDE/IEC standards
• Local standards
• Do’s & don’ts
• Third party testing

▪ 3D Modelling

• Visualisation tool
• Precise shading analysis

Cleantech Solar – Strictly Private and Confidential

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Ensuring Execution Best Practice

29 ‘No work area’ markings Right tools and PPE Modules hoisted up by a crane guided by three member teams Earthing clips vs. cables Roof preservation

Best Practices = No Disruption

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Multiple Site Dashboards

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Cleantech Solar – Strictly Private and Confidential

Straight to the Point – from small to large

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Cleantech Solar – Strictly Private and Confidential

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Thorough Design, Precise Execution

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As Designed As Built

(1.8MW Chennai) (2.6MW Cambodia)

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Thank you for your attention

contact@cleantechsolar.com

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CONFIDENTIALITY The information contained in this presentation is confidential information of Cleantech Energy Corporation Pte Ltd, (the “Company”) and may not be used, reproduced, disclosed or distributed to others at any time without the express prior written consent of the Company. The recipient of this presentation will, upon the request of the Company, promptly return all material received from the Company or its affiliates, directors, shareholders, employees or advisors without retaining any copies thereof, will destroy or erase all documents and other material and all copies thereof made from such material andall information made available, and will ensure that its agents and advisors do likewise. DISCLAIMER This document does not constitute an offer to sell or a solicitation of an offer to buy any securities of, or to enter into any transaction with the Company. Future results are impossible to predict. Opinions, estimates and analysis offered in this document constitute Company’s judgment and are subject to change without notice. This document may include forward-looking statements thatrepresent opinions, estimates and forecasts that may not be realized. Company does not warrant the accuracy or completeness of the information contained in this document. In preparing this document, Company has relied upon and assumed, without independent verification, the accuracy and completeness ofall information available from public sources. Company does not provide accounting, tax or legal advice. Any tax statements made in this document are not intendedor written to be used, and cannot be used, for the purpose of avoiding penalties imposed on the relevant taxpayer for noncompliance of U.S. federal tax laws. You should obtain your own independent accounting, tax and legal advice based on your particular circumstances.

Disclaimer

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