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12.31.13

P50 Capital ranks high on Renewable Energy Advisory list

P50 Capital closed three transactions in 2013, with total project costs of $360 million, making it #3 Renewable Energy Financial Advisory firm in the Americas and #16 in the world. Rankings were based on total project costs of all transactions closed. P50 Capital was also ranked #1 and #6 in Renewable Energy Financial Advisory rankings for mandates won in the Americas and the world, respectively. All rankings are published by Infrastructure Journal.

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12.11.13

INVERSIONES EOLICAS de OROSI DOS, S.A. wind project in Costa Rica closes

P50 Capital acted as financial advisor to U.S. Ex-Im Bank in the successful closing of the 50 MW Orosi wind farm in Costa Rica with total project costs of approximately $130 million, utilizing 25 Gamesa G80 2MW turbines. Export-Import Bank was co-lender with FMO (Dutch Development Bank) and Banco Internacional de Costa Rica, S.A.

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12.10.13

Kiyu Wind Project in Uruguay

P50 Capital has been appointed as financial advisor to U.S. Ex-Im Bank on a 48.6 MW Wind project in Uruguay. The project will sell power to Administracion Nacional de Usinas y Transmisiones Elecricas (UTE), the state-owned utility, under a long-term power purchase agreement, and is expected to be financed by a consortium of banks that includes U.S. Ex-Im Bank and Inter-American Development Bank.

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11.22.13

CERRO DE HULA II Wind Project in Honduras Closes

P50 Capital acted as financial advisor to U.S. Ex-Im Bank in the successful closing of the 24 MW expansion of an existing 102 MW wind power project in Honduras. The expansion will utilize 12 Gamesa turbines and has project costs of approximately $66 million.

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04.11.13

Palmatir S.A. Wind Project in Uruguay Closes

P50 Capital acted as financial advisor to U.S. Ex-Im Bank in the successful closing of the 50 MW Palmatir wind farm in Uruguay. Inter-American Development Bank is the co-lender in the transaction.

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03.11.13

Talas de Maciel I Wind Project in Uruguay

P50 Capital has been appointed as financial advisor to U.S. Ex-Im Bank on a 50 MW Wind project in Uruguay. The project will sell power to Administracion Nacional de Usinas y Transmisiones Elecricas (UTE), the state-owned utility, under a long-term power purchase agreement, and is financed by a consortium of banks that includes U.S. Ex-Im Bank and a commercial bank.

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12.31.12

P50 Capital Continues to top the Renewable Energy Advisory List

For the third year in a row, P50 Capital has made the top-ten list of Renewable Energy Financial Advisors, published by Infrastructure Journal. According to the publication, P50 Capital was ranked #1 Renewable Energy Financial Advisor Globally, in the Americas and in Asia Pacific region.



2012 Financial Advisor League Tables*
#1 Renewable Energy Financial Advisor Globally
#1 Renewable Energy Financial Advisor in the Americas
#1 Renewable Energy Financial Advisor in Asia

total project costs: $360 million
Total deals MANDATEd: 4

* Source: Infrastructure Journal       

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11.05.12

Cerro De Hula II Wind Project in Honduras

P50 Capital has been appointed as financial advisor to U.S. Ex-Im Bank on a 24 MW expansion of an already existing wind project in Honduras. The combined wind project is the largest in Central America and the first in Honduras. The transaction is being financed by U.S. Ex-Im Bank and Central American Bank for Economic Integration (BCEI).

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07.02.12

OROSI WIND PROJECT IN COSTA RICA

P50 Capital has been appointed as financial advisor to U.S. Ex-Im bank on a 50 MW Wind project in Northwest Costa Rica. The project is being developed by wholly owned subsidiary of Globaleq Mesoamerica Energy, S.A. The project will sell power to Instituto Costarricense de Electricidad (ICE), the state-owned autonomous public utility, under a long-term power purchase agreement.

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04.23.12

PALMATIR S.A. WIND PROJECT IN URUGUAY

P50 Capital has been appointed as financial advisor to U.S. Ex-Im bank on a 50 MW Wind project in Cuchilla de Peralta, Uruguay. The project is being developed by wholly owned subsidiaries of Abengoa. The project will sell power to Administracion Nacional de Usinas y Transmisiones Elecricas (UTE), the state-owned utility, under a long-term power purchase agreement.

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03.07.12

TATITH SOLAR PV IN GUJARAT, INDIA

P50 Capital has been appointed as financial advisor to U.S. Ex-Im bank on a 6 MW Solar PV project in Gujarat, India.

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02.16.12

KSK SOLAR PV IN RAJASTHAN, INDIA

P50 Capital has been appointed as financial advisor to U.S. Ex-Im Bank on a 10 MW Solar PV project in Rajasthan, India. The project is being developed by Sai Maithili Power Company Limited (SMPC). The project will sell power to NTPC Vidyut Vyapar Nigam (NVVN) under a long-term power purchase agreement.

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01.25.12

AZURE SOLAR PV IN RAJASTHAN, INDIA

P50 Capital has been appointed as financial advisor to U.S. Ex-Im Bank on a 35 MW Solar PV project in Rajasthan, India. The project is sponsored by Azure Power India Pvt. Ltd., which has successfully completed 17 MW of Solar PV projects in India, till date. The project will sell power to NTPC Vidyut Vyapar Nigam (NVVN) under a long-term power purchase agreement.

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11.14.11

Hybrid Solar in India

U.S. Ex-Im Bank has appointed P50 Capital as financial advisor on a “Hybrid Solar” deal in India. The Hybrid Solar System, consisting of a combination of Solar Photovoltaic (“PV”), power batteries and diesel generators, will replace a pure diesel generation system on 4,000 telecommunication towers in rural India.

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09.09.11

Stardale Solar PV in Ontario

P50 Capital has been appointed as financial advisor to U.S. Ex-Im bank on a 27 MW Solar PV project in Ontario, Canada. The project is sponsored by Innergex Renewable Energy, Inc. and Solar PV modules are sourced from SolarWorld Americas, LLC. The project will sell power to Ontario Power Authority under the Renewable Energy Standard Offer Program.

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08.02.11

Moudgil: Lack of Visibility on Long-Term Energy Policy Affecting Investment in Cleantech

As the financial crisis deepens across Europe, we are seeing waning support for Renewable Energy (RE) from various European regimes. Capital is flowing into markets that have more stable energy policies. We believe that this capital can be channeled into the American market if the government takes leadership in creating a more sustainable and long-term RE policy. However, this task may prove more tedious as US policy focuses on reducing deficits and natural gas continues to be the cheap and abundant alternative.

For the rest of the article, please follow this link.

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04.27.11

Semi-Conductor Manufacturing Facility in Germany

U.S. Ex-Im Bank has appointed P50 Capital as financial advisor on extension of a Semi-conductor manufacturing facility in Dresden, Germany.

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01.31.11

p50 capital recieves high marks on renewable energy advisory

In the first year since its inception, P50 Capital has already dominated the renewable energy league tables. According to Infrastructure Journal, P50 Capital was ranked #1 Renewable Energy Financial Advisor in Latin America. Moreover, the Company made the top ten Global Renewable Energy Financial Advisors list.

2010 Financial Advisor League Tables*
#1 Renewable Energy Financial Advisor in Latin America**
#3 Renewable Energy Financial Advisor in Americas**
#9 Renewable Energy Financial Advisor Globally**

total project costs: $460 million
Total deals closed: 2

* Source: Infrastructure Journal        ** Tied for position

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12.16.10 | Project Finance Magazine

globeleq's cerro de hula wind funds

The Central American Bank for Economic Integration and US Ex-Im funded on the roughly $200 million in debt for the Cerro de Hula wind project on 11 December. The meeting of the Globeleq-sponsored project's conditions precedent and funding follows the deal's signing in November. Cerro de Hula, located in Honduras, has a capacity of 102MW, and uses 51 2MW Gamesa turbines. Advisers on the financing were DLA Piper (sponsor legal), Allen & Overy (lender legal) and P50 Capital (Ex-Im financial).

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12.01.10 | Project Finance Magazine

first solar seeks ex-im debt for canadian portfolio

US solar developer First Solar is looking to close on $450 million in debt from US Ex-Im for a 90MW solar photovoltaic portfolio in Canada. The deal is likely to follow First Solar's typical practice of selling equity in the portfolio at financial close to an outside investor. P50 Capital is advising US Ex-Im on the financing, which is set to close in the first quarter of 2011.

The portfolio is split into nine 10MW projects that will benefit from long-term contracts with the Ontario Power Authority under Ontario's renewable energy standard offer programme. The projects are believed to include 40MW near St. Clair, 20MW near Walpole, 20MW near Belmont and 10MW near Amherstburg.

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09.23.10 | www.iipower.com

nordlb bankers fire up advisory shop

Bulent Osma and Kunal Moudgil, former senior director and analyst at NordLB, have left the bank earlier this month to start up project finance advisory shop P50 Capital. Osma, managing director, says his experience with advising on project finance transactions at NordLB and his establishment of several key contacts in the space led him to start the company. Kunal is a director at the company, which launched this month in New York.

The company, which has landed mandates on a solar project in Canada and on a wind project in Central America, is looking to advise sponsors and lenders on project finance in renewable and thermal generation. Osma worked in advisory roles with the Export-Import Bank of the United States at NordLB and will look to continue that relationship, he says. He declined to elaborate on the company’s current mandates.

Plans for replacing Osma and Moudgil have yet to be decided, says a banker familiar with the moves. “They were good guys and they’re a big loss,” he notes. A NordLB official declined to comment. Prior to his eight-year stint at NordLB, Osma worked on advisory mandates at boutique investment bank Taylor de Jongh for five years. Moudgil was a senior associate at financial advisor and investment banking services concern Duff & Phelps, where he worked on valuation advisory across several sectors before his year-long stint at NordLB.

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09.22.10 | www.sparkspread.com

senior project finance originator launches advisory shop

Bulent Osma, senior director of project finance origination at Nord/LB in New York, has set up a new company providing advisory services to lenders and sponsors, SparkSpread has learned.

New York-based P50 Capital has already landed a pair of advisory mandates with the Export-Import Bank of the United States for a solar project in Canada and a wind project in Central America, according to an industry source.

Osma declined comment.

He was been joined at P50 Capital by Kunal Moudgil, an analyst at Nord/LB in New York who provided financial modeling services on structured renewable energy deals.

Prior to joining Nord/LB in 2002, Osma was a vice president at independent advisory firm Taylor DeJongh.

Moudgil was previously a senior associate at Duff & Phelps.