EMAIL DETAILS

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________________________________
From: "Bakshi, Vikram" <vbakshi@iberdrolaren.com>
Date: Fri, 3 Sep 2010 15:32:59 -0400
To: lorenzo@rocciaventures.com<lorenzo@rocciaventures.com>; Abel NavarroHomet<abel@transatlanticeg.com>
Cc: Castro Perez Manzuco, Jose Luis<castroj@ibdl.com>; Mugica Nicolas,Martin<mmugica@iberdrolaren.com>
Subject: RE: Minority Investment in US Solar Projects

Abel and Lorenzo,
Attached are the cash flow projections for each project. Each spreadsheet includes a tab on summary financial assumptions as well.
Regards,
Vikram


Vikram Bakshi
Iberdrola Renewables
1115 Broadway, 12th Floor
New York, NY 10010
212.710.2672 (o) 610.804.8137 (c)
please note my new email address is vbakshi@iberdrolaren.com


From: Lorenzo Roccia [mailto:lorenzo@rocciaventures.com]
Sent: Friday, September 03, 2010 2:23 AM
To: Bakshi, Vikram; Abel Navarro
Cc: Castro Perez Manzuco, Jose Luis; Mugica Nicolas, Martin
Subject: Re: Minority Investment in US Solar Projects

Thank you Vikram. We will review and get back to you with comments.
When should we expect to receive financial info pertaining to project cash flows?

Regards,

Lorenzo
________________________________
From: "Bakshi, Vikram" <vbakshi@iberdrolaren.com>
Date: Fri, 3 Sep 2010 04:24:28 +0200
To: Abel Navarro Homet<abel@transatlanticeg.com>; <lorenzo@rocciaventures.com>
Cc: Castro Perez Manzuco, Jose Luis<castroj@ibdl.com>; Mugica Nicolas, Martin<mmugica@iberdrolaren.com>
Subject: RE: Minority Investment in US Solar Projects

Abel and Lorenzo,

Please find attached project details for the Copper Crossing and Alamosa US solar projects for which we are seeking investors for a minority stake. Summary financial information pertaining to project cash flows will be provided to you shortly. In the meantime, we are available to discuss the attached presentation and answer any questions you may have.

Regards,
Vikram Bakshi


Vikram Bakshi
Iberdrola Renewables
1115 Broadway, 12th Floor
New York, NY 10010
212.710.2672 (o) 610.804.8137 (c)
please note my new email address is vbakshi@iberdrolaren.com


From: Abel Navarro Homet [mailto:abel@transatlanticeg.com]
Sent: Wednesday, September 01, 2010 1:31 PM
To: Castro Perez Manzuco, Jose Luis
Cc: Bakshi, Vikram; lorenzo@rocciaventures.com
Subject: RE: Solar project

Thank you very much José Luis, Regards to all

[cid:image001.jpg@01CB4B7D.497F0F10]

Abel Navarro Homet

Managing Partner


c/ Serrano 26, 8º I
28001, Madrid, Spain
Teléfono: +34 91 781 91 16 - Fax: +34 91 431 42 01
Móvil: +34 607 706 609
e-mail: abel@transatlanticeg.com<mailto:abel@transatlanticeg.com>

________________________________
De: Castro Perez Manzuco, Jose Luis [mailto:castroj@ibdl.com]
Enviado el: miércoles, 01 de septiembre de 2010 19:28
Para: abelnavarro@navarrosic.com
CC: Bakshi, Vikram; lorenzo@rocciaventures.com
Asunto: Solar project

Abel,

Vikram from Iberdrola Renewables USA is putting together a package for you, it will be ready shortly.

Kins regards,
José Luis

===============================================================

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Este mensaje se dirige exclusivamente a su destinatario. Los datos incluidos en el

presente correo son confidenciales y sometidos a secreto profesional, especialmente en lo que

respecta a los datos personales, se prohibe divulgarlos, en virtud de las

leyes vigentes. Si usted no lo es y lo ha recibido por error o tiene conocimiento

del mismo por cualquier motivo, le rogamos que nos lo comunique por este medio y proceda

a destruirlo o borrarlo, y que en todo caso se abstenga de utilizar, reproducir, alterar,

archivar o comunicar a terceros el presente mensaje y ficheros anexos, todo ello bajo

pena de incurrir en responsabilidades legales. Cualquier idea contenida en este correo

es exclusiva de su autor y no representa necesariamente el criterio de Iberdrola. El

emisor no garantiza la integridad, rapidez o seguridad del presente correo, ni se

responsabiliza de posibles perjuicios derivados de la captura, incorporaciones de virus o

cualesquiera otras manipulaciones efectuadas por terceros.


This message is intended for the exclusive attention of the address(es) indicated. Any

information contained herein is strictly confidential and privileged, especially as

regards personal data, which must not be disclosed, in accordance with legislation

currently in force. If you are not the intended recipient and have received it by mistake

or learn about it in any other way, please notify us by return e-mail and delete this

message from your computer system. Any unauthorised use, reproduction, alteration, filing

or sending of this message and/or any attached files to third parties may lead to legal

proceedings being taken. Any opinion expressed herein is solely that of the author(s) and

does not necessarily represent the opinion of Iberdrola. The sender does not guarantee

the integrity, speed or safety of this message, not accept responsibility for any

possible damage arising from the interception, incorporation of virus or any other

manipulation carried out by third parties.

===============================================================


===============================================================

Este mensaje se dirige exclusivamente a su destinatario. Los datos incluidos en el

presente correo son confidenciales y sometidos a secreto profesional, especialmente en lo que

respecta a los datos personales, se prohibe divulgarlos, en virtud de las

leyes vigentes. Si usted no lo es y lo ha recibido por error o tiene conocimiento

del mismo por cualquier motivo, le rogamos que nos lo comunique por este medio y proceda

a destruirlo o borrarlo, y que en todo caso se abstenga de utilizar, reproducir, alterar,

archivar o comunicar a terceros el presente mensaje y ficheros anexos, todo ello bajo

pena de incurrir en responsabilidades legales. Cualquier idea contenida en este correo

es exclusiva de su autor y no representa necesariamente el criterio de Iberdrola. El

emisor no garantiza la integridad, rapidez o seguridad del presente correo, ni se

responsabiliza de posibles perjuicios derivados de la captura, incorporaciones de virus o

cualesquiera otras manipulaciones efectuadas por terceros.


This message is intended for the exclusive attention of the address(es) indicated. Any

information contained herein is strictly confidential and privileged, especially as

regards personal data, which must not be disclosed, in accordance with legislation

currently in force. If you are not the intended recipient and have received it by mistake

or learn about it in any other way, please notify us by return e-mail and delete this

message from your computer system. Any unauthorised use, reproduction, alteration, filing

or sending of this message and/or any attached files to third parties may lead to legal

proceedings being taken. Any opinion expressed herein is solely that of the author(s) and

does not necessarily represent the opinion of Iberdrola. The sender does not guarantee

the integrity, speed or safety of this message, not accept responsibility for any

possible damage arising from the interception, incorporation of virus or any other

manipulation carried out by third parties.

===============================================================


===============================================================
Este mensaje se dirige exclusivamente a su destinatario. Los datos incluidos en el
presente correo son confidenciales y sometidos a secreto profesional, especialmente en lo que
respecta a los datos personales, se prohibe divulgarlos, en virtud de las
leyes vigentes. Si usted no lo es y lo ha recibido por error o tiene conocimiento
del mismo por cualquier motivo, le rogamos que nos lo comunique por este medio y proceda
a destruirlo o borrarlo, y que en todo caso se abstenga de utilizar, reproducir, alterar,
archivar o comunicar a terceros el presente mensaje y ficheros anexos, todo ello bajo
pena de incurrir en responsabilidades legales. Cualquier idea contenida en este correo
es exclusiva de su autor y no representa necesariamente el criterio de Iberdrola. El
emisor no garantiza la integridad, rapidez o seguridad del presente correo, ni se
responsabiliza de posibles perjuicios derivados de la captura, incorporaciones de virus o
cualesquiera otras manipulaciones efectuadas por terceros.


This message is intended for the exclusive attention of the address(es) indicated. Any
information contained herein is strictly confidential and privileged, especially as
regards personal data, which must not be disclosed, in accordance with legislation
currently in force. If you are not the intended recipient and have received it by mistake
or learn about it in any other way, please notify us by return e-mail and delete this
message from your computer system. Any unauthorised use, reproduction, alteration, filing
or sending of this message and/or any attached files to third parties may lead to legal
proceedings being taken. Any opinion expressed herein is solely that of the author(s) and
does not necessarily represent the opinion of Iberdrola. The sender does not guarantee
the integrity, speed or safety of this message, not accept responsibility for any
possible damage arising from the interception, incorporation of virus or any other
manipulation carried out by third parties.
===============================================================


===============================================================
Este mensaje se dirige exclusivamente a su destinatario. Los datos incluidos en el
presente correo son confidenciales y sometidos a secreto profesional, especialmente en lo que
respecta a los datos personales, se prohibe divulgarlos, en virtud de las
leyes vigentes. Si usted no lo es y lo ha recibido por error o tiene conocimiento
del mismo por cualquier motivo, le rogamos que nos lo comunique por este medio y proceda
a destruirlo o borrarlo, y que en todo caso se abstenga de utilizar, reproducir, alterar,
archivar o comunicar a terceros el presente mensaje y ficheros anexos, todo ello bajo
pena de incurrir en responsabilidades legales. Cualquier idea contenida en este correo
es exclusiva de su autor y no representa necesariamente el criterio de Iberdrola. El
emisor no garantiza la integridad, rapidez o seguridad del presente correo, ni se
responsabiliza de posibles perjuicios derivados de la captura, incorporaciones de virus o
cualesquiera otras manipulaciones efectuadas por terceros.


This message is intended for the exclusive attention of the address(es) indicated. Any
information contained herein is strictly confidential and privileged, especially as
regards personal data, which must not be disclosed, in accordance with legislation
currently in force. If you are not the intended recipient and have received it by mistake
or learn about it in any other way, please notify us by return e-mail and delete this
message from your computer system. Any unauthorised use, reproduction, alteration, filing
or sending of this message and/or any attached files to third parties may lead to legal
proceedings being taken. Any opinion expressed herein is solely that of the author(s) and
does not necessarily represent the opinion of Iberdrola. The sender does not guarantee
the integrity, speed or safety of this message, not accept responsibility for any
possible damage arising from the interception, incorporation of virus or any other
manipulation carried out by third parties.
===============================================================