This document summarizes a proposed 50MW photovoltaic project in Italy. The project has an investment range of 200-300 million euros, with an expected internal rate of return over 20% and a payback period of 6 years. Key details include a guaranteed feed-in tariff of 41.6 cents/kWh for 20 years, use of high-powered polycrystalline modules with 25-year power warranties, and central inverters with over 97.6% efficiency. The turnkey project represents a high-profitable investment opportunity with reliable partners.

1. Largest Photovoltaic
Site in Europe
EXECUTIVE SUMMARY

2. The Project
• +50MW in a single site
• Turnkey Photovoltaic Project
• Location: Italy
• Permit: AU
• Start of construction works: Before the end of 2009
• Documentation ready for Due Diligence
• IRR +20%
26/10/09

3. Financial figures
• Investment range: 200MEur / 300MEur
• IRR over 20%
– Considering standard credit terms at 80/20
financial leverage, interest 3% loan period 12 years
• Payback: 6 years
• Feed-in Tariff (FIT) of 41,6 cts/Euro kWh
– General tariff of 34,6 cts/Euro kWh
– Energy cession of 7,03 cts/Euro kWh
– FIT guaranteed during 20 years
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4. Technical data
• High-Powered Polycrystalline Photovoltaic
modules from top manufacturer(s)
– 5 years product warranty
– Power warranty: 25 years at 80% of power output
• Central Inverters from top manufacturer
– Efficiency over 97,6%
• Fixed structure made of Galvanized Steel or
Aluminum
• Turnkey project including all-works needed and
auxiliary services
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5. Summary
• High-Profitable Investment Opportunity
• Great mass media impact
• Reliable and experienced partners
• Green Contributing Business
For further details, please contact:
Mr. Pedro M. Fernández
investments@bioinversiones.com
26/10/09