Advising Longsol BV in connection with the sale of two solar power plant to DIF Infrastructures III

Advising Longsol BV in connection with the sale to DIF Infrastructure III of 100% of the shares of the 8.9 MW Valence sur Baïse and 10.7 MW Saint Leger solar projects located in South-West France.

The projects reached commercial operation at the end of 2011 and sell power pursuant to 20 year French feed-in-tariff contracts.

The ground-mounted plants are equipped with polycrystalline solar panels and the operation & maintenance is undertaken by the Spanish EPC contractor TSK. Long term project financing is in place for both projects.