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7 GERONIMO ENERGY AN OVERVIEW 2016

8 Executive Summary Geronimo has evolved into a leading renewable energy developer in the Midwest with a comprehensive development team that has successfully delivered over 1,500 megawatts of wind and solar projects to sophisticated project buyers in the U.S. KEY ATTRIBUTES OF GERONIMO ENERGY Leading renewable company in the Midwest (over 1,500 MW in past four years) Strong knowledge throughout MISO, including transmission and markets Established track record in the MISO market with new wind development Led the establishment of the Minnesota solar market Innovator of utility-scale Aurora Solar Project 100 MW Solar Capacity portfolio of projects at select distribution substations Community Solar Garden expertise Proprietary and Confidential 2

9 ABOUT US GERONIMO ENERGY Proprietary and Confidential 3

10 Geronimo s Evolution Part Geronimo founded by Noel P. Rahn July 2006 Signed PPA for Odin with Missouri River May 2007 Secured financing from Edison Mission Energy for Odin May 2008 Commissioning of Odin Wind Farm. November 2009 Formed partnership with Enel Green Power August 2012 Sold 200 MW Prairie Rose Project to Enel Green Power Started development of our1 st wind project, the Odin Wind Farm September 2006 Signed PPA for Marshall Wind Farm with Missouri River May 2007 Secured financing from John Deere Renewables for Marshall May 2008 Commissioning of Marshall Wind Farm April 2011 Announced signing of PPA with Xcel Energy for 200 MW Prairie Rose Wind Farm 2012 December MW Prairie Rose Project reaches COD Proprietary and Confidential 4

11 Geronimo s Evolution Part 2 Q Sale of Courtenay to NSP-MN (Xcel) Q Q Expected COD of Community Solar Garden Portfolio July 2013 Signing of two PPAs with Xcel Energy for 400 MW from Odell and Courtenay Wind Farms March 2014 PUC selection of 100 MW Aurora Solar July 2014 Aurora Solar sold to Enel Green Power September 2014 Signed PPA with the US GSA for 140MW from Walnut Ridge Feb-April MW Portfolio Sold to Berkshire Hathaway Renewables (Grande Prairie, Walnut Ridge and portfolio of Community Solar Gardens) Q3 Q Projected COD of Aurora Solar Portfolio Q Expected COD of Grande Prairie Wind Farm Q Expected COD of Walnut Ridge Wind Farm March 2013 Acquisition of development portfolio from Midwest Wind Energy August 2013 Signed PPA with Minnesota Municipal Power Agency for 78 MW from Black Oak January 2014 Signed PPA with Omaha Public Power District for 400MW from Grande Prairie Nov 2014 March 2015 Sale of 200 MW Odell Wind to 78 MW Black Oak Algonquin Power Wind Farm sold to Sempra Q March 2015 Signed PPA Partnership with Enel with Green Power Dissolved Consumers for Apple Blossom Q Expected COD of Odell Wind Farm Q Expected COD of Black Oak Wind Farm Q Expected COD of Courtenay Wind Farm Q Expected COD of Apple Blossom Wind Farm Proprietary and Confidential 5

12 Geronimo s Track Record Geronimo has developed, secured long-term off-take and sold 1,472 MW of operating / in-construction wind and solar energy projects throughout the Midwest to leading renewable energy companies. Another 160 MW is held by Geronimo and in execution for Project Project Size (MW) Online Date CAPEX ($M) Power Purchaser Project Sponsor Odin Wind $32 Missouri River Energy NRG (acq from Edison) Marshall Wind $30 Missouri River Energy Exelon (acq from John Deere) Prairie Rose Wind $310 Northern States Power - MN (Xcel) Enel Green Power Odell Wind $310 Northern States Power - MN (Xcel) Algonquin Power & Utilities Aurora Solar $230 Northern States Power - MN (Xcel) Enel Green Power Grande Prairie Wind $590 Omaha Public Power District BHE Renewables Walnut Ridge Wind $400 US General Services Agency BHE Renewables Comm Solar Gardens 1 ~ $65 Northern States Power - MN (Xcel) BHE Renewables Black Oak Wind $135 Minnesota Municipal Power Agency Sempra US Gas & Power Courtenay Wind $300 Northern States Power - MN (Xcel) Northern States Power - MN (Xcel) Comm Solar Gardens 2 ~ $125 Northern States Power - MN (Xcel) TBD Apple Blossom Wind $165 Consumers Energy (CMS) TBD TOTAL 1,632 $2,692 Proprietary and Confidential 6

13 PORTFOLIO SOLAR AND WIND ENERGY PROJECTS Proprietary and Confidential 7

14 Strategic Development Partnership

15 EXPERIENCE AND EXPERTISE OUR TEAM Proprietary and Confidential 9

16 Experience and Expertise SOLAR Combined experience in over 150 commercial, distributed and utility-scale solar projects Notable Projects: Aurora Solar Project MW Minnesota distributed solar project that made history and international news as the first solar project to beat natural gas on a pure cost comparison WIND Developed over 1,500 MW of wind projects that are either operational or under construction, and has an additional 900 MW slated for construction Notable Projects: Grande Prairie Wind Farm MW project and Nebraska's largest wind farm Walnut Ridge Wind Farm MW project that boasts the largest renewable energy contract with the U.S. Government. Proprietary and Confidential 10

17 The Geronimo Energy Team MANAGEMENT TEAM Strategically minded COMPREHENSIVE, IN-HOUSE EXPERTISE Strategy Interconnection & Transmission Policy and Regulatory Strategic Siting Analysis Real Estate Engineering and Construction Environmental & Permitting Resource Analysis PPA Origination Project Finance DEEP CONNECTIONS AND RELATIONSHIPS IN THE INDUSTRY Financing parties and advisers Equipment vendors EPC contractors Consultants Proprietary and Confidential 11

18 Proposed Projects SOLAR PROJECT Up to 175 MW Located on Muskegon Waste Water Treatment Facility WIND PROJECT MW Proprietary and Confidential 12

19 Contact GERONIMO ENERGY, LLC DAVID SHIFLETT PROJECT MANAGER, EAST Proprietary and Confidential 13

20 Muskegon County, MI Muskegon Waste Water Facility

21 Tradewind Energy Among the Largest & Most Successful Wind & Solar Development Companies in the U.S. Company Info Founded in 2002 Headquarters in Lenexa, KS 80+ full time employees Current Development Portfolio Tradewind is present in 22 states Over 6 GW of wind assets 3 GW of solar assets Tradewind Success 3 GW of contracted & operating projects including solar and wind Successes total over $3.5 Billion in project capital Equivalent to powering 1 million US homes Recognition 2012 Outstanding Commercial Achievement Award from AWEA Kansas Governor s Energy Achievement Award Tradewind Energy Confidential and Proprietary 2

22 Tradewind Energy Portfolio Tradewind Energy Confidential and Proprietary 3

23 Customers Tradewind Energy Confidential and Proprietary 4

24 Tradewind Operating/Contracted MWs Tradewind Energy Confidential and Proprietary 5

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27 Site Selection Process Siting Data (GIS) Resource AWS/TWE/3tier/HRRR maps and MET data Environmental Species Habitat, Areas(protected and managed), and Water Community Cities, Population Density, Viewshed, News, and Affluence Real Estate: Ownership and Property Values Airspace/Radar: FAA, Airports, DoD(Radar/MTR/MOA), MVAC, and WX Radar Other Restrictions: Wells, Towers, other 8

28 Muskegon County Solar Project Project Size(s) 50 MW Compliant with Consumers RFP 150+ MW Marketing to Consumers, other MI Utilities and C&I Offtakers Location County ground south of HWY 46 Land Utilized 7-8 acres/mw SAT ~5 acres/mw Fixed Tilt Point of Interconnection White Road Four Mile 138 kv line segment 150 MW MISO Feasibility Study ($165,000) $ Million Project Tradewind Energy Confidential and Proprietary 9

29 Muskegon County Wind Project Project Size 136 MW Location Compliant with Consumers RFP Muskegon County Wastewater Treatment Facility Wind Resource Low (Upper 5 s) Point of Interconnection White Road 138 kv Substation 150 MW MISO Feasibility Study ($165,000) 136 MW MISO DPP Planned ($500,000+) $ Million Project Tradewind Energy Confidential and Proprietary 10

30 136 MW Wind Turbine and Solar Array Area (50 MW+) 11

31 Thank you! Joe Arb Vice President, Project Development Tradewind Energy Confidential and Proprietary 12

32 Solar Site Preparation: Piles, Racking, Tracking

33 Solar Site Preparation: Panel Installation Panel sizes and capacity vary by technology Monocrystalline Polycrystalline Thin Film (shown here) ~5 ft

34 Decatur Parkway Solar Project (80 MW) (Decatur County, GA)

35 WIND TURBINES: PICTURES

36 WIND TURBINES: PICTURES