UK Solar Investment. 8% return per annum. Defined exit strategy at the end of year 3 with option to extend. Pension Compatible.

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Gerard Turner
5 years ago
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extend. Pension Compatible. Sovereign backed income.

1 UK Solar Investment 8% return per annum. Defined exit strategy at the end of year 3 with option to extend. Pension Compatible. Sovereign backed income. All investments presently generating projected real income. Asset backed investment.

2 The Venturetricity PV UK Investment Venturetricity PV UK Limited invests in residential solar (photovoltaic, or "PV") installations in UK, managing them for sustained, reliable income in the long term, or selling them on a bespoke basis to institutional, direct and pension investors. An investment into the Venturetricity Loan Note provides three years of targeted annual returns of 8% p.a. The incomes driving the investment are protected by law, providing sovereign security for the full investment term. The annual income stream is reliable, transparent and fully predictable, providing a solid basis for the calculation of future earnings over an extended time-frame. Importantly, the returns are uncorrelated to those of any other asset classes. About The Investment Manager Venturetricity PV UK Limited (the Company) has been established to provide a vehicle through which the well-established solar energy photovoltaic (PV) market in the UK can be accessed by investors. The company Sources, Procures, Commissions and Manages PV installations for its investors and for itself. It is focused on the development of a significant number of new PV projects in the UK. The team have gained a wealth of experience in the renewable energy sector, having been involved in a number of residential and commercial solar projects in Germany, the UK and Italy since As a result, the business is cost-effective and fully integrated in each location, so that it is able to react quickly to market opportunities. Background to the Investment The production of electrical power is a matter of growing concern for many economies in Europe. The need for clean, reliable and renewable energy is becoming ever more important. This situation has been thrown into sharp focus by the events at Fukushima in Japan, which led to the rejection of nuclear power as a long-term solution in Europe and highlighted the need to accelerate the growth of the renewable energy sector in many countries. This represents a real opportunity, with clear government-defined growth targets, strong, persistent price incentives (which are set for 25 years) and growing demand for renewable energy. Solar energy provides the most reliable, cost-effective and price-efficient method by which this demand can be met on an individual as well as institutional basis. Venturetricity PV UK has developed a substantial pipeline of Solar projects in the UK through its close relationships with many of the equipment providers, engineering, procurement and construction ("EPC") contractors and legal & tax practitioners who specialise in providing these services to the sector. Consequently, Venturetricity PV UK can select projects which offer very attractive, stable, long-term returns for its investors and will develop these projects accordingly. Not only are these investments secure and high-yielding, but they also profile the requirements which many conscientious investors now seek in their energy portfolio: Clean, Environmentally Responsible and Carbon-Neutral.

3 Investment Mechanism The objective of the investment vehicle is to provide investors with a Return of 8% p.a. The Loan Note has been established to facilitate the participation of investors in this vehicle. The Loan Note is limited to a maximum of 2,000,000 and will close on 31st August 2012 (or earlier if fully subscribed). The Loan Note is being raised with the specific purpose of investing in a portfolio of fully grid connected, up and running residential PV Solar systems in the UK and permits investments of 50,000 or more. Project investments are made through the mechanism shown below: Figure 1: Structure of The Investment Process Solar projects provide the basis of the anticipated annual returns to Venturetricity PV UK Limited investors. Income will be derived from the payments made by the grid operators in the UK for all the electricity supplied by Venturetricity projects. The prices paid by the grid operators are fixed in law, as is the requirement for them to buy all electricity produced by installations such as ours. It is important to note that the premium prices (called Feed-In Tariffs) are not subsidies, which have to be paid by governments; they are borne by the grid operators and reflected in marginal price increases to all electricity consumers throughout the country. This is significant because it makes the payments independent of the vagaries of government budget cuts. The income from solar installations in the UK is index linked. The selection of suitable projects is preceded by an extensive due diligence process by Venturetricity managers, EPC contractors and fund advisors. This examines all of the inherent technical, physical and legal components, whilst analysing the financial implications of the investment in great detail. Our on the ground team of Venturetricity Managers, together with the performance monitoring capability built into each project, allows the Company to ensure that project assets are used effectively, efficiently and profitably throughout their working life. Furthermore, the performance of these assets is also protected by "Minimum Output" warranties for between years, which provides yet another layer of protection to the investor.

4 Who is it Suitable For? It is available (via direct cash placement) to institutions and individuals and to pension investors via Self-Directed Pension Funds such as Self Invested Personal Pensions ("SIPP"s), Small Self-Administered Pensions ("SSAP"s), Self-Administered Personal Retirement Savings Accounts ("SAPRSA"s) and Approved Retirement Funds ("AMRF"/"ARF"s), amongst others. Please contact your suitably qualified financial advisor for further information It is suitable for private and institutional investors looking for reliable, predictable annuity income over an extended period of time, at levels significantly above market norms It is suitable for individuals who will retire during the term of the investment The performance of the investment is uncorrelated to that of any other asset classes, so that it is suitable for balancing and diversifying investment portfolios. It is, therefore, suitable for individuals and institutions whose investment portfolios would benefit from such interventions It is not suitable for investors who require ready access to their capital before the maturity date WARNING: If you need any assistance or advice in relation to this investment, or if you have any doubts about its suitability for your personal needs, you should consult an independent financial advisor Solar Energy Technology The photovoltaic effect is a property exhibited by a significant number of materials whereby, upon exposure to light, a small voltage and corresponding electric current is generated within the material. By linking very many photovoltaic "cells" of such material into a discrete "panel", significant amounts of electricity can be produced. In the same way, by linking many panels together to form an array, useful quantities of electricity can be generated whenever they are exposed to daylight, without the need for any other inputs. By harnessing the sun's energy in this way, unlimited amounts of clean, renewable, reliable and carbon-neutral electricity can be produced and fed into a national grid, after being converted into alternating current (by inverters) and stepped up in voltage (by a transformer) for efficient transport onto the grid. Each stage of the process is carefully metered for accurate accounting and payment purposes. It is worth noting that in the UK, the Feed in Tariff is paid on all of the energy produced by the system and that an extra payment is made in addition on all energy that actually enters the grid. In the UK the home owner can use as much energy as required by the household, without affecting the income of the system to Venturetricity. These payments from the energy company are index linked, offering further security in later years. This will have the effect of neutralising the normal effect on the system of degradation. Figure 2: The Process of Commercial Solar Energy Production

5 The Development of the Photovoltaic Industry in Europe The UN Framework Convention on Climate Change ("FCCC") encourages its members to stabilise the emission of Greenhouse Gases ("GHG"s), in part by making increased use of renewable energy. The 1997 Kyoto Protocol is the mechanism by which this vision is being put into effect - it sets binding targets for 37 industrialised countries and the European community for reducing GHG emissions (by an average of five per cent against 1990 levels) over the five-year period Thereafter, it is expected that an even more stringent protocol will be adopted for the period One of the consequences of this Protocol is that its European signatories have to plan for 20% of their domestic energy consumption to be produced from renewable resources by This is "non-negotiable" and, therefore, a very significant driver of growth in the sector. Indeed, governments have recognised the fact that, in order to achieve these targets, private sector investment is essential for the development and integration of appropriate technologies. As a result, many countries in Europe and elsewhere have developed investment frameworks to encourage this, or have adopted the proven German model. Feed In Tariff (UK) The Feed-in Tariff scheme (FITs) is an environmental programme introduce by the UK Government to promote widespread uptake of a range of small-scale renewable and lowcarbon electricity generation technologies. It was launched in April 2010 and is regulated by the energy regulator Ofgem. Legislation in the UK specifies the level and duration of the FIT over a period of 25 years and is also index linked providing a stable investment environment. At the same time, the legislation will specify that green energy installations are required to be connected to the grid once they are constructed and that their full output must be accepted into the grid and paid for. The scheme requires Licensed Electricity Suppliers to pay a generation tariff to small-scale low-carbon generators for electricity generated (whether or not such electricity is also exported to the national grid) and an export tariff to them where such electricity is also exported to the national grid. Performance Once the precise location of a potential solar project is known, the output from a PV array located there can be very accurately forecasted. Comprehensive irradiation records are available, going back over many years, and these facilitate the calculation of very predictable, transparent and stable long-term energy generation forecasts (20-35 years). This, in turn, means that equally accurate long-term cash flow forecasts can be produced, from which very reliable income forecasts can easily be derived. These forecasts are further strengthened by the output warranties, which specify the performance of the operating equipment in the longterm. This stability is what differentiates solar from other forms of renewable energy. In fact, solar investments behave in much the same way as annuity investments, in that a predictable, reliable income stream is produced over a protracted period of time.

6 Operations and Maintenance The equipment used in the construction of PV systems is considered to be long term assets. The output of these systems are covered by long-term warranties and protected by insurance. They are maintained within an operations and maintenance contract which involves the remote monitoring of output by way of Data Logging equipment which is integrated into the system. Insurances/Warranties Solar Panels: Inverters: Construction: Loss of Income: Technical warranties from manufacturers guarantee the output of their products and warrant that they will perform to their rated levels of efficiency, typically guaranteeing minimum output efficiency in year 25. This warranty is also a prerequisite for any financing bank, which will only approve the use of modules which meet the highest quality standards and which are supplied under an "Approved Supplier" scheme Technical warranties from manufacturers guarantee the products to be free from defects and to perform to their rated levels of efficiency for an extended period of time (typically 20 years). Additional extended warranties are also available and may be considered, depending on the circumstances of an individual project. Typically, the EPC contractor which builds the PV plant will offer a 2-year construction warranty Each of our PV installations is covered by a full "All-Risks" insurance policy, in terms of which any loss of income due to disruption of production will be fully covered, for the duration of the disruption.

7 Insurance Provider AVIVA GROUP Aviva is the world's sixth-largest insurance group with premium income and investment sales of more than GBP 47 billion in Provide more than 44.5 million customers with insurance, savings and investment products, globally. It is the UK's largest insurer and one of Europe's leading providers of life and general insurance. One global brand 44.5 million customers 33 billion paid in claims and benefits to customers in ,600 employees A top six life insurer in all our European markets Over 300 years of heritage 2011 total dividend 26 pence Aviva expanded its engineering, marine, construction and operational risks cover for onshore wind, solar and energy from waste power generation, including biomass energy production, environmental consultancy and building technologies significantly in 2011, making this sector a core focus to the Group going forward. A range of covers are available to suit the diverse and broad nature of this sector, with potential policyholders ranging from small companies using a single solar panel to national onshore wind farms. A recent audit of the top 100 UK companies by The Environmental Investment Organisation (EIO) ranked Aviva second place overall3. The EIO measures carbon intensity, which is calculated using the ratio of carbon emissions to turnover. Risk Mitigation No element of invested capital is at risk, as under the terms of the Loan Note, Investors capital is only deployed on receipt of the MCS certificate, which confirms that the system is completed and generating income. Prior to this, funds are held in the client account of the solicitor and only released following the allotment of completed available systems, which offer the security for the loan note of the investor. In the event, that completed systems are not available, client funds are returned to the investor.

Venturetricity PV UK Ltd Connaught Street Athboy, Co. Meath Tel: +353 46 94 30823 Mob: +353 86 171 5657 Email: ann.col

8 Venturetricity PV UK Ltd Connaught Street Athboy, Co. Meath Tel: Mob: Head Office 88 Wood Street London, EC2V 7RS United Kingdom Tel: WARNING: The provision of this product does not require licensing, authorization or registration with the Central Bank of Ireland. Accordingly, investments in it are not covered by the conditions of The Central Bank of Ireland under which consumers may be protected by a statutory compensation scheme. There is no guarantee that the performance of the renewable energy portfolio will generate a positive return. This document is for illustration purposes only and should not be treated as an invitation to invest. Any investment decision should be based on examination of the Loan Note and Charge Document provided, which will include full Terms & Conditions of the investment. The promoter of this investment is Venturetricity PV UK Limited. DATA PROTECTION: Venturetricity PV UK Limited will be data controllers. 'Your Personal Data' Details, information and personal data collected from you in respect of your application, will be retained by Venturetricity PV UK Limited and will be stored on computer and used for the purpose of processing your application for investment and administering any resulting service. You consent to the disclosure by Venturetricity PV UK Limited of any information and personal data from you to its agents. You have a right to receive a copy of all personal data held by Venturetricity PV UK Limited following a written request and to have any inaccuracies in that personal data corrected in accordance with the provisions of Data Protection legislation.

Renewable Energy Guidance

NewClimate Institute, Verra Renewable Energy Guidance Guidance for assessing the greenhouse gas impacts of renewable energy policies May 2018 How to describe the policy or action being assessed 5. DESCRIBING