Solar 101

Utility-Scale Solar Photovoltaic (PV) Typical ground-mounted installations in a variety of open spaces. (desert, brownfield, grassland, cleared land other reclaimed land): Capacity: 1+ MW (average 76 MW) . • • . Can exceed 1,000 MW in largest multi-phase projects Sells electricity on wholesale market • Utility, Independent Power Producer or Corporate-owned Electricity off-taker is utility or large corporate Average cost: $1.06/watt (single axis tracker) . Average system cost: ranges widely Finance Options . Multi-party arrangements Debt, Equity, Tax Equity 72% Market Share in 2018

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