Introduction – Solargen Energy, Inc.
Solargen Energy was formed to develop, own and
operate large-scale solar farms as a Solar Independent
Power Producer (SIPP). Technical innovations,
government incentives, and long-term utility off-take
agreements mandated by the government are key
drivers which are creating a “Rate Parity” opportunity
to SIPPs, where the price of solar power is less than the
effective utility rate tariff provided for renewable
energy projects.
Investment Highlights
• Industry - $33.4 billion solar industry in 2008, growing at 40% per year
• Incentives - Substantial government support and incentives
• Profitable - Cost of solar power has reached commercial viability and continues to improve
• Management - Extensive entrepreneurial and operational expertise in the alternative energy
industry, project finance and large debt/equity deal structures
• Project - Largest announced thin-film PV solar farm project
• Location - Project is located on 1,000 acres in Central Valley under existing power lines
• Free Energy Source - Unlike other renewable energy projects, our source of energy is free and
unlimited and it happens during the peak electricity usage times.
• Off-Take Agreements - Our output will be under long-term, escalating off-take power purchase
agreements (PPA) lasting 20+ years with large utility companies.
Solargen’s First announced Project – Panoche Ranch Solar Farm
Solargen is creating the world’s largest photovoltaic solar farm on 1,000 acres located in Central
California under high-capacity power lines. Solargen is developing projects that plan to generate
1,500 megawatts (1.5 gigawatts) of clean solar energy (approximately the production capacity of one
nuclear reactor). The projects are expected to generate $15 billion in revenue at a 30% profit margin
over 25 years. Phase 1 is
planned at 250 MW.
The physical location is in a
micro-climate area which the
National Renewable Energy
Laboratory (NREL) confirms
to have high solar radiation
and attractive conditions for
photovoltaics. The California
electrical grid backbone
connecting Southern California
and the Northwest runs
directly over the property.
Quick Facts
Corporation: Founded 2006
Announced Public Company Merger
Jan 2009
Business: Develop, Own, Operate Utility-Scale
Solar Farms
as a Solar Independent Power
Producer (SIPP)
Project Details – Panoche Ranch Solar Farm
Size: 250 MW (Expandable to 1,500 MW)
550,000 Solar Panels (Thin Film)
1,000 Acres
Project Cost: $750 Millio
Do not believe a word I say, I am a mean old grumpy dummy who dislikes any type phony baloney. You want to make money, work for it, do your DD.
