Agile Energy Secures Additional Investment from Good Energies Capital

SAN BRUNO, Calif., June 9, 2011 /PRNewswire/ -- Agile Energy, Inc., a developer of utility-scale renewable power generating projects, announced today that it has closed a second round of investment from Good Energies Capital, one of the world's leading private investors in clean energy.  This additional round of financing of $24 million provides Agile Energy with funds to drive the company's growth and development activities and brings the total amount of the investment by Good Energies Capital to $37 million.

"Over the last 18 months, Agile has made great progress in developing an attractive pipeline of solar projects, and our further investment speaks to our belief that Agile is positioned to be a leading solar and renewable energy developer," said John Breckenridge, who leads Good Energies Capital.  "This investment will ensure Agile has access to the capital necessary to push forward with the development of its projects.  We continue to believe that solar energy will be a significant part of the future generation mix as we move towards a cleaner and more secure energy future in the U.S."

Agile Energy manages and performs all development activities required to bring its projects from conception to construction, including siting, environmental permitting, securing transmission, contract negotiations and arranging project financing.  Agile Energy's principals have over 75 years of collective experience across five continents in the power industry and have developed, financed and operated more than $5 billion of traditional and renewable power assets.

"We are excited to deepen our partnership with Good Energies," said Glen Davis, Chief Executive Officer of Agile Energy.  "In addition to capital, they consistently provide us strategic insights, management guidance, and contribute to Agile's market presence."

"The utility scale solar market continues to grow at unforeseen rates.  Having a strong and experienced investment partner like Good Energies Capital puts Agile in a great position to capitalize on many development opportunities in the growing, yet capital intensive, renewable energy industry," said Robert Morgan, President & COO of Agile Energy.

About Agile Energy:

Agile Energy, Inc. is a developer of utility-scale renewable power generating projects.  The Company manages and performs all development activities required to bring its projects from conception through completion, including siting, environmental permitting, securing transmission, contract negotiations and arranging project financing.  Currently focused on photovoltaic and concentrating photovoltaic projects in North America, over time Agile Energy plans on developing power projects using non-solar technologies as well as expanding beyond North America. To learn more, visit us at www.agileenergy.com.

About Good Energies Capital:

Good Energies Capital is the North American development equity fund of Good Energies, a leading global investor in renewable energy and energy efficiency industries.  Founded in 2001, Good Energies manages the clean energy portfolio of COFRA, a family owned and managed group of companies.  Guided by the 3-P principle of People-Planet-Profit, Good Energies aims to bring financial success together with sustainable returns for the environment and for society.  www.goodenergies.com

SOURCE Agile Energy, Inc.