Capital Dynamics US Solar Energy Fund Acquires 12.8 MWp Solar

Capital Dynamics US Solar Energy Fund Acquires 12.8 MWp Solar PV
Portfolio From EDF Renewable Energy 
ZUG, SWITZERLAND and SAN DIEGO, CA -- (Marketwire) -- 11/29/12 -- 
Capital Dynamics, a global private asset manager, and EDF Renewable
Energy are pleased to announce that the Capital Dynamics US Solar
Energy Fund has acquired a 12.8 megawatt peak (MWp) portfolio of
solar energy projects in Long Island, New York from EDF Renewable
Energy (formerly known as enXco). 
The 12.8 MWp portfolio of seven solar photovoltaic (PV) projects, in
both operation and advanced construction, was developed by EDF
Renewable Energy, the U.S. subsidiary of Paris-based EDF Energies
Nouvelles. The seven sites make up one of the largest solar PV
portfolios currently installed in New York State and consist of
carport structures situated on county-owned land in Suffolk County,
Long Island. Each project in the portfolio benefits from a 20-year
Power Purchase Agreement (PPA) with the AA-rated municipal utility,
Long Island Power Authority.  
Capital Dynamics' Clean Energy and Infrastructure (CEI) team is an
active institutional investor in commercial and utility-scale solar
energy in the United States. This latest acquisition is the Fund's
fifth investment to date and brings its portfolio to more than 60 MW
of both operational and under-construction assets in California,
Massachusetts, New Jersey, New York and Pennsylvania. The Fund has
now committed over USD 200 million to a diversified portfolio of
solar energy projects ranging from ground-mount and rooftop, to
carport installations.  
"This latest investment provides our investors with a high-quality
addition to a growing portfolio of solar energy projects now spanning
five US states," said Karl Olsoni, Managing Director at Capital
Dynamics. "It is a well engineered and constructed portfolio of
first-rate assets supported by a 20-year sales contract with a
leading New York energy utility. These assets will deliver clean and
renewable energy to Long Island residents for many years to come." 
"We are pleased to provide investors with an expanding, diversified
portfolio of solar energy assets in the US solar energy market," said
Stefan Ammann, CEO of Capital Dynamics. "Direct investing in clean
energy assets that feature extended PPAs wit
h investment-grade
utilities and corporations helps secure long-term cash flows for our
investors." 
"EDF Renewable Energy is pleased to engage in a business relationship
with Capital Dynamics with such a unique carport project,
exemplifying how solar power can maximize land use for dual-use,"
said Raphael DeClercq, Business Development Manager for EDF Renewable
Energy. "The divestiture is another opportunity to optimize our
diversified portfolio of renewable projects and is a further
testament to EDF Renewable Energy's versatility to foster innovation
and create value for the community while meeting the renewable
electricity needs of the utility." 
Capital Dynamics' CEI team collectively holds over 100 years of
experience in investing, financing, owning and operating conventional
and clean energy businesses globally. Established to capture
attractive investment opportunities in this new class of real assets,
Capital Dynamics' CEI business mandate is to invest directly in
proven clean energy technologies -- such as solar, wind, biomass,
geothermal, small hydro and landfill gas -- across the globe. Since
establishment of Capital Dynamics' CEI business, the CEI team has
successfully acquired, built and now manages more than 100 MW of
clean energy capacity in North America and Europe. 
About EDF Renewable Energy:
 EDF Renewable Energy -- formerly enXco
-- is a leading U.S. independent power producer with more than 25
years of expertise in the renewable industry, covering all range of
services from project development and management to operations and
maintenance. EDF Renewable Energy specializes in wind and solar
photovoltaic with presence in other segments of the renewable energy
market: biogas, biomass, hydro, marine energy and storage solutions.
The company develops, constructs, operates and manages renewable
energy projects throughout the United States for its own accord as
well as for third parties. EDF Renewable Energy's portfolio consists
of over 4.5 gigawatts of developed projects with 1.5 gigawatts of
installed capacity. EDF Renewable Energy is the U.S. subsidiary of
EDF Energies Nouvelles. EDF Energies Nouvelles is the renewable
energy arm of the EDF group, the leading electricity company in the
world. For more information visit: www.edf-re.com  
About EDF Renewable Services:
 EDF Renewable Services -- formerly
enXco Service Corporation -- is the leading third-party provider of
operations and maintenance services in North America. With 25 years
of experience, EDF Renewable Services understands renewable energy
facilities represent a substantial investment. The company takes an
owner-operator approach to ensure maximum returns on the asset, full
project value, and ongoing profitability for new and existing
facilities. As part of a global organization with utility-scale wind
and solar plants, the company brings depth of experience to every
project. With more than 6 gigawatts of wind and solar under contract,
EDF Renewable Services is the trusted leader in O&M. For more
information visit: www.edf-renewable-services.com  
About Capital Dynamics :
 Capital Dynamics is an independent, global
asset manager, investing in private equity and clean energy
infrastructure. We are client-focused, tailoring solutions to meet
investor requirements. We manage investments through a broad range of
products and opportunities including separate account solutions,
investment funds and structured private equity products. Capital
Dynamics currently has USD 14.9 billion in assets under management. 
Our investment history dates back to 1988. Our senior investment
professionals average over 20 years of investing experience across
the private equity spectrum. We believe our experience and culture of
innovation give us superior insight and help us deliver returns for
our clients. We invest locally while operating globally from our
London, New York, Zug, Tokyo, Hong Kong, Silicon Valley, Sao Paulo,
Munich, Birmingham (UK) and Brisbane offices. 
Capital Dynamics comprises Capital Dynamics Holding AG and its
affiliates; assets under management include assets under
discretionary management as well as advisory assets of all Capital
Dynamics affiliates. Investments are primarily on behalf of funds
managed by Capital Dynamics.  
Media Contacts: 
Sandi Briner
EDF Renewable Energy
858-521-3525
Sandi.Briner@edf-re.com 
MHP Communications 
Shona Predergast
Managing Director 
+44 (0)203 128 8584 
Shona.Prendergast@mhpc.com 
Capital Dynamics 
David Scaysbrook
Managing Director, CEI team 
+61 400 439 590 
dscaysbrook@capdyn.com 
Rory Quinlan
Managing Director, CEI team 
+44 783 347 6370 
rquinlan@capdyn.com  
Karl Olsoni
Managing Director, CEI team 
+1 650 269 5685 
kolsoni@capdyn.com