Executive Summary

Wind Power FARM 100 MW

LOS CUATRO VIENTOS 2016
Since 2008 the company LOS CUATRO VIENTOS, S.A has been developing a Renewable Energy Concession for the Generation
of Electric Energy from 50MW to 100MW in the Municipality of Luperón, Puerto Plata, Dominican Republic.

The project began its development in 2008.

a) NAME OF PROJECT: L​ os Cuatro Vientos – Candelón.
b) PROJECT CONCESSION:
● The Definitive Concession for the Generation of Electric Energy was granted for 20 years through the
Resolution of the National Energy Commission Number CNE-CD-0004-2011 dated May 19, 2011 and the
contract signed on November 14, 2011.
● On June 4, 2013 the contract between the National Energy Commission and the Cuatro Vientos company,
S.A. was amended to increase the Concession Area
c) CONCESSION HOLDER: Los Cuatro Vientos, S.A.
d) PRIMARY SOURCE: Wind Power
e) PROJECT LOCATION: Catastral Concession; Plot No.29-U District No. (7) of the place Candelón, Municipality of
Luperon, Section Barrancón in Puerto Plata Province
f) ELECTRICAL SYSTEM CONNECTION: National Electrical System Interconnected (SENI).
g) CAPACITY TO BE INSTALLED: Wind Power 50 MW up to 100 MW, Phase one and two.

APPROACH TO FINANCIAL OPERATIONS

Present:

The Dominican company RENTER, S.A. signed an agreement with the developer of the Four Winds to
continue forward with the development of renewable wind energy project of 50 MW.

In addition RENTER is performing the following:

1. Maranatha Energy signed an NDA with the Spanish company Siemens/Gamesa to validate the feasibility
study of the project, the study already was completed and validated.

2. Maranatha Energy is in the process of negotiation of the PPA with "ELECTRIC CORPORATION, STATE
OWNED COMPANY(CDEEE)". This PPA would be signed after the Financial Group issued proof of funds
to finance the project.

3. Because now we have enough land, we are evaluating the development to install up to 340 MW of
renewable energy around; this is 100 MW of wind power and 243 MW of solar energy. This means that the
ground could have a total capacity​ to install and produce up to 340 MW in renewable energy, of course, with
appropriate programming. In the end this will be a decision of the financial fund after evaluation.

4. 243 MW of solar energy expansion:

a. First Phase 100 MW

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 b. Second Phase 100 MW

c. Third Phase 43 MW.

History:
A brief summary of the Four Winds wind project on the north coast of the Dominican Republic, from the first stage of 50
MW, reaching 100 MW projected.
Originally, the Consortium Maxon-Boavista, SRL, had a loan approved with an investment bank in the United States, to
implement the first phase of 50 MW. The guarantee of this credit is a Letter of Credit or Financial Documented, annual
payments to ensure that the project has to do investment bank.

1. The condition of the loan was from signing the contract, there will be a Grace period of four (4) years including
interest and capital; ie, zero (0) payment of installments (Interest and Capital) for the first four years of the project.

2. In the first half of the fifth (5) year semiannual installments of approximately eight (8) and (9) million dollars will be
paid half-yearly.

3. The installation process, contracts take from 12-16 months of execution; to this we add 5 more months, test, tune
ups and start-up. From there we calculate a period of 2.5 years of energy production and turnover, that base on
projections, can accumulate approximately fifty (50) million, which may be used for the following:

a. Financial Investment.
b. Reinvested in the development stage of the second wind.
c. Install 25 Mw solar energy to have dual production of electricity (day and night).

4. The loan granted by the investment bank, taken as a single collateral Charter Financial Documented Credit or
guarantees semiannual payments; plus the Wind Farm , the concession, the PPA contracts with the government,
private PPA contracts, the carbon Bonus and tax incentives can secure the original loan.
5. In return for this facility or warranty, we are able to give participation follows:
a. Appointment of a member of the Board of Directors of the Consortium.
b. Accountability and transparency in the costs of implementing the project and all transactions placed
online.
c. A permanent participation as shareholder in the project and can be negotiated up to 60% of Shares.
d. Endorsement of physical assets, contracts, incentives, and other benefits of the park, in favor of the
person opening the Charter Financial us or Documented Credit.
e. These guarantees are valid until initiate payments fifth year, because from there, the project will generate
sufficient funds to absorb this expense.
f. Investment Return in 8 years, including 3 year Grace Period from year "0" (See Performa results).

Executive Summary Wind Power 50+50+243 MW LOS CUATRO VIENTOS 2016 Rev.5November​ 2/9
6. This is a brief summary of the financial operation, adding that the project is ready to be started, just awaiting this procedure.

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Original polygon Four (4) Winds, red:
1- View from the South

2-View from the North

Views of site the 4 Winds Wind Project in Luperon, Puerto Plata, Dominican Republic

Executive Summary Wind Power 50+50+243 MW LOS CUATRO VIENTOS 2016 Rev.5November​ 5/9
 ​

Renewable are taking off in the Dominican Republic since the promulgation of the Law of Incentives for Renewable Energy and it's
Special Regimes (57-07).

This important Act and its implementing regulations have become the renewable energies Dominican one of the most interesting of
all America to European and North American investors sector.

Energy consumption in the country is growing steadily. "Demand is currently around 14,000 GW / hr of electricity per year, one
trillion gallons of liquid fuels for transport and 350 million gallons of gas for cooking and vehicles.

Law 57/07 establishes a stable legal framework in Dominican Republic for the development of renewable energies. It is a modern
and flexible legal standard, which is getting developing the renewable energy sector in the Dominican.

INTRODUCTION AND RENEWABLE ENERGY IN DOMINICAN REPUBLIC

By Architect Liza Díaz

Of all the energy produced in Dominican Republic only 12 percent comes from renewable sources, mainly from hydroelectric plants.
The sun and wind are now beginning to be seen as viable and profitable options for strengthening the national electricity system.

Executive Summary Wind Power 50+50+243 MW LOS CUATRO VIENTOS 2016 Rev.5November​ 6/9
THE study was conducted with funding from the Government of Finland, and the intervention of the National Energy Commission
(CNE), the International organization World watch Institute's (WWI) and the Energy and Environment Partnership with Central
America (AEA). In this article we collect the information submitted by the president of the CNE.

Solar Power
The study demonstrates how ideal for solar collection panels through the cities of Santiago and Santo Domingo, because: its
territorial extensions, their development and sunlight. Santiago and Santo Domingo are not the only cities with good irradiation and
do have other areas in the country with the highest solar radiation that remain monitored and considered for investments in steps.

In Monte Plata solar gain is in its installation phase, using technical and German technology and educating and employing people
from the same village also bringing benefits to the community based on sustainable technical development.

Wind Energy
In the case of wind energy study covered 17 areas, the most feasible for development projects capturing energy through wind
according to the study were Pedernales and Bani in the South and the North, Monte Cristi area. In these areas, winds over 30%,
profitability indicator for potential investors are reached.
In Pedernales, the first stage consisted of a production project 33 MW and expansion in a second phase of 52 megawatts starting in
November 2012 was performed.

The park called Los Cocos and Quilvio Cabrera are located in Juancho Barahona, a private investment company EGE HAINA with
an investment of around 100 million pesos.

Biomass
In Bonao, Monte Plata and San Pedro operate production plants Biomass, now generally around 25 megs in San Pedro de Macoris,
Monte Plata and Bonao each with one (1) MW, investments are shy but important to know them. Mini-hydro.

The private sector is interested now in this sector, which is seen by the president of the National Energy Commission with a good
business hoping motivate more and more investors and raises be to report more and better on the website of the CNE so that the
potentials are known in this field.

In the article mentioned a Worldwatch Institute's -WWI this is an independent organization that conducts research on energy and
resources for sustainability worldwide. His publications and reports are of great reputation.

We suggest to extend this information by visiting the websites of the National Energy Commission and the company EGE HAINA,
where also find video of the process and technical explanations of how they perform.

Important Links
Comisión Nacional de Energía: www.cne.gov.do
Link revista Crónica Energética diciembre 2012: http://www.cne.gov.do/app/do/revistas.aspx
Link directo al informe estrategias: http://www.cne.gov.do/app/do/banners/ww_esp.pdf
World Watch Institute: www.worldwatch.org.
EGE Haina: http://www.egehaina.com/app/do/home.aspx

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