sPower and Camborne Capital Projects Achieve Commercialization Ahead of 1.4 ROC Deadline

SALT LAKE CITY and LONDON, March 31, 2015 /PRNewswire/ -- sPower, a leading renewable energy provider, and Camborne Capital, a prominent UK solar developer, today announced that all three of their UK solar PV projects have achieved commercialization in time to qualify for the UK renewable obligation certificate (ROC) subsidy.

Declan Mackle, CEO of Camborne Energy Group commented, "This is a great result and represents another significant investment for the region.  We are justifiably proud of our extremely professional team for delivering these projects smoothly and ahead of schedule."

The utility-scale projects, totaling 28.5MW, were connected to the UK grid well ahead of the March 31, 2015 deadline for 1.4 ROC accreditation.  Located in Pembrokeshire and Ceredigion, the facilities were built by Oskomera and used TrinaSolar panels across all three sites.

"The projects, which are sPower's first assets outside the US, bring our generating capacity in the UK to more than 30MW.  We are delighted to have worked with Camborne, Oskomera and TrinaSolar to deliver such high-quality, clean energy facilities," said Ryan Creamer, sPower CEO.

sPower's UK solar portfolio will produce 33,679,664 kWh annually -- the equivalent to avoiding the carbon dioxide emissions of nearly 54,000 barrels of oil consumed each year.¹

About sPower:  Headquartered in Salt Lake City, with offices in San Francisco and New York City, sPower is a prominent renewables independent power producer (IPP) that owns and/or operates more than 135 utility-scale and distributed electrical generation systems across the United States and the UK.  With greater than a gigawatt between construction and pipeline, sPower is actively buying utility-scale renewable assets in any stage of development, as well as working to acquire operating green energy projects in North America and the UK.  sPower is a portfolio company of Fir Tree Partners, a leading global investment fund with more than 20 years of investing history and approximately $13 billion of capital under management.  www.sPower.com

About Camborne Capital:  Camborne is one of the UK's leading solar developers with offices in London and Cardiff. The Camborne team has developed from conception and sold more than 130MW of large-scale ground mounted solar projects in the UK since 2012.  Camborne's team comprises of international expertise across multiple technologies including solar, off shore and on shore wind, biomass and tidal.  www.cambornecapital.co.uk

¹ http://www.epa.gov/cleanenergy/energy-resources/calculator.html

Media Contacts:
sPower
Naomi Keller, VP Marketing
[email protected], 801.679.3514
2749 East Parley's Way, Suite 310, Salt Lake City, UT 84109
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SOURCE sPower

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