OPEL Solar (TSXV: OPL) April, 2011

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1 OPEL Solar (TSXV: OPL) April, 2011

Company Overview Designer, manufacturer and marketer of high efficiency

Solar trackers Seasoned management team with extensive experience in

the high technology industry 35 patents granted to date, 12 additional

2 Company Overview Designer, manufacturer and marketer of high efficiency solar energy products High Concentrating Photovoltaic (HCPV) panels Solar trackers Seasoned management team with extensive experience in commercializing new technologies Average of 30 years of experience in the high technology industry 35 patents granted to date, 12 additional patents pending Founded in publicly traded since June 2007 (TSXV: OPL)

Global Presence Medicine Hat, Canada Toronto, Canada Wisconsin Oakville, Canada Plainville, Sacramento, CA United States Shelton, United States Palm Dessert, CA Martillac, France Vilalba dels Arcs,

3 Global Presence Medicine Hat, Canada Toronto, Canada Wisconsin Oakville, Canada Plainville, Sacramento, CA United States Shelton, United States Palm Dessert, CA Martillac, France Vilalba dels Arcs, Spain Lisbon, Portugal Brussels, Belgium Brno, Czech Republic Cavalese, Italy Supino, Italy Israel Chungcheongbuk-do, South Korea Hermosillo, Mexico Guadalajara, Mexico Sao Paulo, Brazil Offices Distributors Installations

5 The Triple Junction Cell Advantage Boeing-Spectrolab s triple junction solar cells are by far the most efficient solar cells in the world Source: National Renewable Energy Laboratory.

6 Why Solar Concentration? Acrylic Fresnel Lens (625 times larger than solar cell) High efficiency, Gallium Arsenide (GaAs) Solar Cell Concentrating technology increases the amount of energy on the solar cell and replaces higher priced semiconductor material with lower cost plastic and glass - potential to achieve grid parity faster than competing technologies 6

7 OPEL s Mk-I HCPV Application Dimensions Concentration Ratio Cell Type Output Power Designed for locations with medium to high solar irradiance 62in x 11in (1.58m x 0.279m) 500:1 Triple Junction Cells From Boeing-Spectrolab 90 W

Cost and Efficiency Advantages Silicon flat plate solar panels OPEL HCPV panels Average efficiency: 13% to 19% Efficiency: 24% to 28% Up to 40% better real estate utilization Increased efficiency

8 Cost and Efficiency Advantages Silicon flat plate solar panels OPEL HCPV panels Average efficiency: 13% to 19% Efficiency: 24% to 28% Up to 40% better real estate utilization Increased efficiency translates into lower cost per watt and reduced real estate requirements for the same energy production Lower temperature coefficient of gallium arsenide versus silicon results in more power generated in real world environments

9 Actual Performance: Silicon vs. HCPV The efficiency of silicon panels decreases rapidly with temperature OPEL s HCPV panels retain their efficiency, even in hot climates OPEL HCPV Silicon - 2 axis Silicon - fixed 95% The Power / Rated Power ratio is the actual power produced by the panel vs. the panel s maximum production capability 75% Irradiance measures power production per unit of area Source: Actual data from OPEL s Sports Zone tracker installation in Trumbull, CT.

10 Acres 2,758 MWh/yr An OPEL HCPV installation provides more energy with less

10 Land & Equipment Efficiencies (1 MW) (1) Fixed Flat Panel Installation HCPV Installation 6.07 acres 2,087 MWh/yr -33% +32% 4.10 Acres 2,758 MWh/yr An OPEL HCPV installation provides more energy with less land and equipment than traditional fixed flat panel installations (1) Representative 1 MW installation in Las Vegas, NV.

11 Spanish Installation 330 kw

13 Why Solar Tracking? Energy Output Typically 1.2 to 1.6 kwh + Energy Output Typically 1.6 to 2.2 kwh Tracking technology allows HCPV cells to follow the sun Improves electricityy production by 20% to 40%

14 Tracking Improves Solar Efficiency Smaller Land Footprint Longer Direct Exposure Case Study: Systems Producing 12.5 MWh/yr in San Diego Fixed Tilt 60m² Single Axis 50m² Dual Axis 45m²

Tracking Improves Panel Output Case Study: Operating installation in Daggett, CA sees 31% improvement annual power output by using dual access trackers.

15 Tracking Improves Panel Output Case Study: Operating installation in Daggett, CA sees 31% improvement annual power output by using dual access trackers. Fixed Latitude Single Axis Horizontal Dual Axis Tracker Annual kwh/kwp Improvement over Latitude Improvement over 1 axis horizontal 1,812 2,231 2, % 30.9% 6.3% Location: Daggett, CA GCR: 0.35

16 More kwh with Minimal Investment TYPICAL MW SIZE INSTALLATION COMPARISON PV Panels $ 1.85 PV Panels $ 1.85 Fixed PV Mounting $ 0.35 Single Axis Tracker w/backtracking $ 0.50 BOS $ 2.25 BOS $ 2.30 Total $ 4.45 Total $ 4.65 Annual Power Production 1706 kwh/kwp Annual Power Production 2128 kwh/kwp Incremental Cost per Watt Installed 4.5% Incremental Yield 24.7% The above results in a 20.2% reduction in the cost of each kwh produced!

17 Cumulative Cash Flow Cumulative Cash Flow Cash Flow Comparison Cumulative Cash Flow Cumulative Cash Flow $120,000,000 $120,000,000 $100,000,000 $100,000,000 $80,000,000 $80,000,000 $60,000,000 $60,000,000 $40,000,000 $40,000,000 $20,000,000 $20,000,000 $- $- $(20,000,000) $(20,000,000) $(40,000,000) $(40,000,000) $(60,000,000) $(60,000,000) Series1 $(8 $(2 $(5 $9, $22 $35 $45 $45 $45 $45 $45 $46 $47 $48 $49 $50 $52 $54 $57 $59 $62 Project Year $(80,000,000) $(100,000,000) Series1 $(8 $(2 $(8 $16 $31 $46 $60 $60 $61 $63 $64 $66 $68 $71 $73 $76 $79 $83 $87 $91 $96 Project Year $(80,000,000) $(100,000,000) 30 MW Solar Plant with Fixed PV Panels in Ohio (IRR=21.81%) 30 MW Solar Plant with PV Panels on Trackers in Ohio (IRR=27.63%) More Than $ 33M in Additional Cash Flow in the First 20 Years (>50% more)!

Solar Tracker Product Overview Exclusive partnership with FEiNA Full-range product line Single axis ground mount and special roof mount systems Small (500 Wp) Utility scale (10,000 Wp) Dual axis

18 Solar Tracker Product Overview Exclusive partnership with FEiNA Full-range product line Single axis ground mount and special roof mount systems Small (500 Wp) Utility scale (10,000 Wp) Dual axis ground mount Small (1,400 Wp) Medium (5,100 Wp) Large (10,000 Wp) Tracking accuracy o Fully compatible with OPEL s HCPV panels Master controller for network driven installations OPEL and FEiNA recently introduced a large single axis ground mount tracker suitable for utility scale solar fields

19 TF-800 Utility Grade Tracker Tracking Capabilities Single Axis with Back Tracking Dimensions 80ft x 10ft (24m x 3m) Watt Peak* 10,080 Watts Mounting System Adaptable to any Terrain Rotation Capabilities 110 (+/- 50 o ) The TF-800 fully equipped *Based on 280 watt panels

The TF-800 In a typical application, the high performance TF-800 horizontal single axis tracker can increase the yield of silicon flat plate panels by as much as 25% compared to fixed tilted

20 The TF-800 In a typical application, the high performance TF-800 horizontal single axis tracker can increase the yield of silicon flat plate panels by as much as 25% compared to fixed tilted installations. The TF-800 Tracker Control Unit incorporates advanced programming to include features such as backtracking and networking. The TF-800 has been designed specifically to reduce installation time and costs, a major component of the Balance of Systems cost.

21 Back Tracking

22 The Snow Effect Partial snow cover 3 days after the storm

23 TF-800 Summary of Advantages Lower cost per watt than any other type of tracker Low cost of installation No special foundation work required Fast assembly time without the need of special tools or welding Large capacity with complete strings on tracker The back tracking feature allows for increased kw per unit of area while eliminating shading caused by adjacent trackers Simplified maintenance compared with mono-post type trackers Minimal production reduction compared to dual axis trackers More cost competitive than fixed mount systems on $/kwh

24 OPEL/FEiNA Tracker Installations Flix, Cataluña, Spain 800 kw 240 SF-20 September, 2008 Plainville, Connecticut, USA 131 kw, 212 SF-4 March, 2009 Navalaencina, Castilla La Mancha, Spain 120 kw 40 SF-20 July, 2004

25 OPEL/FEiNA Tracker Installations St. Llorenc Northern Spain 120 kw 20 SF-45 October, 2006 Roda, Spain 250 kw 100 SF-20 July, 2006 Mendoza, Argentina Multiple 3 kw Installations 20 SF-20 July, 2007

26 OPEL/FEiNA Tracker Installations Medicine Hat, Alberta, Canada 8 kw HCPV 2 SF-20 April 2009 Cavalese, Italy 21 kw HCPV 6 SF-20 January 2010

27 OPEL/FEiNA Tracker Installations Thessalonica, Greece Argentina Northern Spain, Pyrenees

utilization and power production Project planning to reduce

28 OPEL Capabilities Solar performance analysis Site evaluation Yield projections Site evaluation and planning Site layout for maximum land utilization and power production Project planning to reduce construction time and effort Construction support through strategic partner alliances

CPV Industry Overview

CPV Industry Overview Presented by Nancy Hartsoch Chairman, CPV Consortium VP Marketing and Sales, SolFocus Discussion Topics Technology Snapshot CPV Value Proposition Challenges for CPV in Going to Scale