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Solargen Energy, Inc.
20400 Stevens Creek Blvd., Suite 700
Cupertino, California 95014
Adam McAfee, CFO (408) 517-3307
www.solargen-energy.com


Introduction Solargen Energy, Inc.
Solargen Energy was formed to develop, own and
operate large-scale solar farms as a Solar Independent
Power Producer (SIPP). Technical innovations,
government incentives, and long-term utility off-take
agreements mandated by the government are key
drivers which are creating a Rate Parity opportunity
to SIPPs, where the price of solar power is less than the
effective utility rate tariff provided for renewable
energy projects.

Investment Highlights
Industry - $33.4 billion solar industry in 2008, growing at 40% per year
Incentives - Substantial government support and incentives
Profitable - Cost of solar power has reached commercial viability and continues to improve
Management - Extensive entrepreneurial and operational expertise in the alternative energy
industry, project finance and large debt/equity deal structures
Project - Largest announced thin-film PV solar farm project
Location - Project is located on 1,000 acres in Central Valley under existing power lines
Free Energy Source - Unlike other renewable energy projects, our source of energy is free and
unlimited and it happens during the peak electricity usage times.
Off-Take Agreements - Our output will be under long-term, escalating off-take power purchase
agreements (PPA) lasting 20+ years with large utility companies.

Solargens First announced Project Panoche Ranch Solar Farm
Solargen is creating the worlds largest photovoltaic solar farm on 1,000 acres located in Central
California under high-capacity power lines. Solargen is developing projects that plan to generate
1,500 megawatts (1.5 gigawatts) of clean solar energy (approximately the production capacity of one
nuclear reactor). The projects are expected to generate $15 billion in revenue at a 30% profit margin
over 25 years. Phase 1 is
planned at 250 MW.

The physical location is in a
micro-climate area which the
National Renewable Energy
Laboratory (NREL) confirms
to have high solar radiation
and attractive conditions for
photovoltaics. The California
electrical grid backbone
connecting Southern California
and the Northwest runs
directly over the property.
Quick Facts
Corporation: Founded 2006
Announced Public Company Merger
Jan 2009

Business: Develop, Own, Operate Utility-Scale
Solar Farms
as a Solar Independent Power
Producer (SIPP)

Project Details Panoche Ranch Solar Farm
Size: 250 MW (Expandable to 1,500 MW)
550,000 Solar Panels (Thin Film)
1,000 Acres

Project Cost: $750 Million

THIS DOCUMENT CONTAINS INFORMATION OWNED BY SOLARGEN ENERGY, INC. AND SHALL BE RETURNED UPON DEMAND. NO USE, REPRODUCTION OR DISCLOSURE OF ANY
PART OF THIS DOCUMENT IS PERMITTED WITHOUT CONSENT OF SOLARGEN ENERGY, INC. Copyright 2009 ALL RIGHTS RESERVED.


Market Opportunity
The renewable energy market for solar electricity is large and growing rapidly (40% annually the past
4 years). Solar photovoltaic (PV) is expected to capture a significant share of that market due to large
government incentives that are driving down solar panel and project costs. California mandated that
33% of energy is derived from renewable sources by 2020. In addition, the Federal Government has
provided significant subsidies to incentivize solar and other renewable energy forms, including a 30%
federal tax credit and several government debt guarantee programs.

The Economics of Solar Photovoltaics
Historically, utility-scale solar projects have not been competitive with traditional power sources such
as gas, coal, nuclear, or even some renewable sources such as large hydro or wind. However, the
recent commercialization of thin film solar cell technology at very large scale factories has
significantly reduced the installed cost per watt in solar farms. These factors include:

Technology - Thin Film Photovoltaics (TFPV)
- TFPV reduces material costs by 99% compared to traditional photovoltaics and reduces
maintenance costs
- Energy produced by TFPV reduces air pollution, lowers greenhouse gas (GHG) emissions and
lowers water consumption by 98% compared to even the most efficient natural gas generator.
- Applied Materials (NASDAQ:AMAT, $13 Bln Market Cap), the leading thin film equipment
supplier, projects a $3 installed cost/watt

Policy Renewable Energy (United States)
- The Obama administration has stated that incentivizing renewable resources is a high priority.
- Increasing Renewable Portfolio Standards RPS are requiring utilities to purchase more
renewable energy
- Fed, state, and local support materializes as grants, loan guarantees, tax credits, and accelerated
permitting.
- 30% Investment Tax Credit (ITC)
- Department of Energy (DOE) Loan Guarantee Program
- Renewable Energy Action Team (REAT) created by Governor Schwarzenegger in
November, 2008 to reduce the time of project permitting for large-scale renewable energy
projects in California






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