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Overview of Mainstream’s Markets

Chile (onshore wind & solar)

Pipeline:1,200MW

Chile (onshore wind & solar)

Pipeline:1,200MW South Africa (onshore wind & solar)

Pipeline: 4,854MW

South Africa (onshore wind & solar)

Pipeline: 4,854MW

USA (onshore)Pipeline: 1,265MWUSA (onshore)Pipeline: 1,265MW

Germany (offshore)Horizont: 1,200MW

Germany (offshore)Horizont: 1,200MW

Scotland (offshore)Neart na Gaoithe: 450MWScotland (offshore)

Neart na Gaoithe: 450MW

UK (offshore)Hornsea: 6,000MWUK (offshore)

Hornsea: 6,000MW

Canada (onshore wind & solar)Pipeline:995MW

Canada (onshore wind & solar)Pipeline:995MW

2

Ireland (onshore)Pipeline*: 17MW

Ireland (onshore)Pipeline*: 17MW

Mainstream founding principle

“The world is on a once of transition from fossil fuels

to sustainability , Mainstream exists to be a leader of this transition”

President Barack Obama inauguration address

“We, the people, still believe that our obligations as Americans are not just to ourselves, but to all posterity. We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations.

Some may still deny the overwhelming judgment of science, but none can avoid the devastating impact of raging fires, and crippling drought, and more powerful storms.

The path towards sustainable energy sources will be long and sometimes difficult. But America cannot resist this transition; we must lead it. We cannot cede to other nations the technology that will power new jobs and new industries – we must claim its promise. That is how we will maintain our economic vitality and our national treasure – our forests and waterways; our croplands and snow capped peaks.

That is how we will preserve our planet, commanded to our care by God. That's what will lend meaning to the creed our fathers once declared”

Ireland & UK 2020 Targets Synergy

Ireland● Electricity from Renewables by 2020 – 40%

● Equates to 4 GW installed by 2020● Currently 2 GW installed● 0.25 GW p.a. required to reach target● 16 GW waiting in Grid Queue!● Clearly no shortfall

● Irish Wind potential = 345 TWh p.a.● Equates to 19 x market size● Significant opportunity to Export

UK

● Electricity from Renewables by 2020 – 30%● Equates to 35 GW installed by 2020● Currently 8 GW installed● 3.3 GW p.a. required to reach target● 22 GW in Grid Queue● Shortfall of 5GW

● UK only installed 0.7 GW in 2011● Strong possibility of missing targets by a

large margin

Mutual difficulties present mutual opportunities

● Ireland needs to attract investment● Ireland needs to create jobs● Ireland needs to export more● Government needs money

● UK needs renewables● UK needs energy● UK needs to meet its climate change

targets

No Negative Impact on Irish Wind Industry

● Only 1/3 of gate 3 connections required for 2020 targets

● Development focused on west coast

● Significant portions of inland wind potential that cannot be absorbed onto the Irish system

● Latest technology makes new locations feasible

Development Pipeline Onshore Ireland

● Mainstream currently developing large portfolio of onshore wind

● All sites designated ‘suitable for wind ‘ by local county development plans

● Planning Consents by 2015

● Will feed directly into 2 converter stations

● All Transmission Lines underground

5 GW Direct Export - Offshore & Onshore Mix

Following the money

● Annual exports of renewable energy of c. € 1.0 billion● Investment in power generation of c.€7.5 to € 13.75 billion● Investment in transmission facilities of c. €6.0 billion

State Income: €12.5bn in Revenues

● €12.5bn in tax revenues generated for the State

● €1.4bn by 2020

Note: Above calculation based on the assumption of achieving 1.8 ROCS per MWhr

>€900m in Direct Local Benefits

● €900m in rates to Local Authorities over the lifetime of the wind parks

● Local injection of €8.4m annually, per phase

● Significant direct benefits to rural midland communities

● Additional investment through local service

Local Direct Employment: 1800 Jobs

● Installation phase: Red● 800 jobs by 2015

● Operation & Maintenance: Green: 120 lifetime jobs● Rural● Long-term (>25yrs)● Cannot be relocated

Job creation

● Irish wind industry generates 1.5 man years of direct employment per MW installed

● The EWEA has estimated that a total of 15.1 man years of employment per megawatt are created

● 1.5 * 5000 = 7,500 man years● 15.1 * 5000 = 75,000 man years

● Mainstream has proposed a more conservative estimate of 8 man years / MW, or 40,000 man years for 5GW ie

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