Solar Project Development Pipeline

As of February 1, 2017 our pipeline of potential solar energy Projects includes up to 450 megawatts (“MW”) in California, Arizona, Georgia, and Texas, and with a completion value of approximately $518 million. The Company’s business goal is to have approximately 1,000 MW of operating capacity by the end of 2020. Our ability to complete the Projects in our development pipeline and achieve our targeted capacity is subject to a number of risks and uncertainties.