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FRV Contracts With RES Americas To Build Landmark Project For Austin Energy

FRV is a global independent power producer that develops, owns and operates solar power plants.  It is one of the largest solar power companies in the world with over 230 MW in operation and construction, and more than 2,200 MW under development.  FRV is a pioneer in U.S. solar project development having built the country's first utility-scale power plant in 2007.  FRV develops solar projects using a robust and disciplined development process supported by core competencies across the project lifecycle including, site acquisition, interconnection, financing and plant development. FRV has offices in San Francisco (U.S.), Sydney ( Australia), Madrid ( Spain) and Torino ( Italy), and is owned by GE Energy Financial Services, Landon Group, and Qualitas Venture Capital.

About Renewable Energy Systems Americas Inc.

Renewable Energy Systems Americas Inc. (RES Americas) is a fully-integrated renewable energy company that develops, constructs, owns, and operates projects across North America. RES Americas has constructed more than 4,200 MW of wind, which represents more than 10% of the operating installed wind capacity in the US.  The company currently has more than 1,000 MW of renewable energy under construction, and approximately 10,000 MW under development.  RES Americas' corporate office is located in Broomfield, CO with regional offices located in Austin, TX; Portland, OR; Minneapolis, MN. Canadian projects are managed from Montréal, Québec, by its affiliate, RES Canada. RES Americas is part of the RES Group, a leading international renewable energy developer. For more information go to www.res-americas.com.

About Austin Energy

Austin Energy is the nation's ninth largest public power utility, serving more than 400,000 customers and a population of almost 1 million in Austin, Travis County and a small area of Williamson County, Texas. The Utility operates a diverse generation portfolio that includes nuclear, coal, natural gas and renewables, with annual revenues in excess of $1.2 billion.  Austin Energy electric rates are among the lowest in the state and base electric rates have not been increased since 1994.

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