Who We Are

VASARI ENERGY, INC.


Corporate Overview

Vasari Energy designs, develops and operates utility-scale electric power plants that produce reliable and clean energy. Our growth strategy is to own and operate solar energy power plants worldwide. The Company plays an active role in all phases of renewable energy generation, from planning and development through construction and commercial operation.

Competitive Strengths

We believe that our business strategies, which are based on certain of our core competencies, provide us with some significant competitive advantages:

Relationship-Based Business Model

Our relationship-based business model is central to our sustained growth and profitability. We aggressively pursue the development of long-term affiliations and alliances with our clients.

1Excellence in Execution
Given our team’s proven track record of project completion and client satisfaction, we believe that our ability to design, engineer, construct and manage wind and solar projects often in geographically challenging locations gives us a distinct competitive advantage. We strive to complete our projects on schedule while meeting or exceeding all client specifications. In an increasingly competitive environment, we are also continually emphasizing cost controls so that our clients achieve not only their performance requirements but also their budgetary needs.
2Safety
One of our core values and a fundamental business strategy is our constant pursuit of safety. Both for us and our clients, the maintenance of a safe workplace is a key business driver.
3Global Execution Platform
Our global presence allows us to build local relationships that permit us to capitalize better on opportunities near these locations. It also provides comfort to our larger internationally-based clients that we know and understand the markets where they may elect to use our services and allows us to mobilize quickly to those locations where projects arise.
4Market Focus
Our company is focused on the renewable energy markets. We believe that our market focus and depth of knowledge is a key strength of our company.
5Long-Term Client Relationships
While we aggressively work towards pursuing and serving new clients, we also believe that the long-term relationships we have built with our major clients allows us to better understand and be more responsive to their requirements. These types of relationships also facilitate a better understanding of many of the risks that we might face with a project or a client, thereby allowing us to better anticipate risks, solve problems and manage our risk. We have worked towards an alliance-like relationship with many of these clients and, in doing so, we better understand their business needs.
6Risk Management
We believe that our ability to assess, understand and gauge project risk, especially in difficult locations or circumstances or in a lump-sum contracting environment, gives us the ability to selectively enter into markets or accept projects where we feel we can best perform. We have an experienced management team, particularly in risk management and project execution, which helps us to better anticipate and understand potential risks and, therefore, how to manage them. Our risk management capabilities allow us to better control costs and ensure timely performance, which in turn leads to clients who are satisfied with the delivered product.

By working as a partner with our clients on their capital programs, we increase our understanding of their overall business needs as well as the unique technical requirements of their projects. This increased understanding gives us the opportunity to provide a superior value to our clients. We market all of our services to clients in connection with their projects where the scope of work required is within our expertise.

Our relationship-based business model also helps us more fully understand the risks inherent in our projects, which in turn allows us to better manage those risks. Our approach also provides us with opportunities to market those services our clients will need in the post start-up and commissioning phases of a plant, such as operations and maintenance services. This model, however, does not preclude us from undertaking discrete projects. We will accept and perform discrete projects for our clients if we can negotiate acceptable pricing and other contract terms and conditions. Closely linked to our relationship-based business model is our multidomestic geographic strategy for conducting business around the world. As part of this strategy, we act and operate as a local contractor in the geographic areas of the world in which we do business.

We believe it is important for us as a company to “be local” with respect to our network of offices and operations. Because our offices can generally sustain themselves with a base load of local work, we’re able to support our multinational clients with their cross-border capital projects. Our core clients can depend on us for assistance with their engineering and construction needs when they move projects around the world. Our multidomestic strategy also allows us to be competitive around the world to the extent we win large projects and are able to perform meaningful portions of the project utilizing local resources rather than exporting the work to other offices within the group.

Mission

Build an energy business that develops, constructs, and operates solar power systems around the world providing clean and affordable electricity to utilities, governments and industry.

Strategy

Deliver low cost solar electricity through operational excellence and scale. Use partnerships to expand markets. Develop, build and operate utility scale and commercial and industrial solar plants for delivery of low-cost solar electricity. Maximize returns to investors while managing our risk and employing rigorous capital allocation.


Vasari Energy Values

At Vasari Energy, we build strong relationships with each other, our clients and our business partners based on the following fundamental values:

Integrity

As we operate in an intensely competitive environment, we compete fairly, conducting our business in a professional manner that reflects favorably on our company and on each of us. We hold ourselves to the Vasari Energy code of conduct no matter where we operate.

Common Purpose

We operate from a common purpose and a broad view, doing what is best for the company as a whole, working with mutual trust and collaboration.

Accountability

We set high performance expectations and hold ourselves accountable for the quality of our work and the results we achieve as individuals, as team members and as a company.

Entrepreneurship

We encourage nontraditional thinking and appropriate risk-taking, which provide opportunities to learn and grow as individuals and as businesses.

Clients’ Interests Always Come First

Our experience shows that if we serve our clients well, our own success will follow. We constantly strive to anticipate the rapidly changing needs of our clients and to develop new services to meet those needs.

Quality of Work

We take great pride in the professional quality of our work. We have an uncompromising determination to achieve excellence in everything we undertake. Though we may be involved in a wide variety and heavy volume of activity, we would, if it came to a choice, rather be best than biggest.

Confidentiality

We regularly receive confidential information as part of our normal client relationships. To breach a confidence or to use confidential information improperly or carelessly would be unthinkable.