PACE’s finance team continues to grow with the appointment of Max Dutton as Financial Controller based out of its London office.

Max will lead on bringing together and improving the PACE accounting and financial management systems across its UK and international markets as the solar and energy storage projects move from development into construction.

Max is ACA qualified and brings experience of working in dynamic environments and with growth companies while at leading accounting firms including Deloitte and WSM. Max also brings a long-standing interest and passion for clean energy.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “We are delighted to welcome Max onto the PACE team. Max will play a crucial role as we manage our development pipelines and the financing of these projects into construction and operation”.

“With clean energy and energy security never more important but with rising interest rates and increasing political impacts - some positive and some negative - we need to make sure we have the best ability to manage, communicate and raise finance”.

“Increasingly PACE has to operate in longer timeframes as grid congestion requires us to manage projects over grid constraints and as supply chains become longer. As we move into green hydrogen and other new technologies we also require to continue to grow the team to assist us to understand how these can work with our projects and as we continue on this exciting journey”.

PACE has various open roles for passionate people who can bring benefits to the company and the sector and these can be found via the PACE website.

Max will be based out of London, UK.

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, is completing its consultation on its latest 18 MW project near Drayton, Norfolk.

The proposed ground-mounted scheme, known as Glebe Solar would generate enough power for around 8,000 homes each year or the CO2 emissions equivalent of removing over 1,200 passenger vehicles from the road.

The company now has more than 1.5GW of solar capacity in the UK in various stages of the development process and almost 300MWp fully permitted or submitted into planning. PACE has also recently announced its entry into the emerging UK green hydrogen sector.

Rob Denman, Managing Director of PACE said, ‘PACE is delighted to be commencing the consultation on this project with the intention to submit into planning before the end of 2022’.

'The project will combine major biodiversity enhancements to the site while allowing agriculture to continue alongside energy generation. The site is located just a few hundred meters from Norwich International Airport and so the team has worked closely with the airport operator to ensure the design is compatible with aircraft safety'.

PACE Canada has announced the commencement of construction of the Joffre solar plant with its ground-breaking ceremony in Joffre, Lacombe County.

This is the first PACE Canada project to enter construction and the lead project in their current advanced 100 MW clean energy project pipeline. The 47 MWac project will create 88000 MWhs of clean energy annually, which is enough to power more than 12,000 Albertan households with electricity each year. This and the follow-on PACE projects will create the requirement for new skills in Alberta and significant contribution to the tax base that can grow Alberta’s rural economies.

The construction of the Joffre solar plant alone will support 8 full-time operation and maintenance positions over the lifetime of the project. The project will bring in considerable property tax contributions and local purchases to the municipality over the lifetime of the project. Solar energy projects such as Joffre also creates an opportunity for diversification and certainty of revenue for the landowner as they work to innovate to adapt to impacts of climate change and increase agricultural yields from the lands under solar lease.

PACE relocated its operations from Vancouver to Calgary in early 2022 to support its expansion in Alberta and is hiring to expand its Alberta based development, project management and project support teams.

The development and expansion of the PACE clean energy portfolio will support Alberta’s position as a leader in Canada for clean, sustainable and affordable energy to increase its attractiveness as a location for forward thinking and climate aware companies.

Claude Mindorff, Director of Development for PACE Canada says, ‘beyond the employment benefits and income contributions to farmers and the community there’s a symbiotic relationship that exists between food, energy and water. Solar and agriculture don’t need to compete but can complement one another. Land underneath the panels can create and intensify native grasslands and forage crops added to improve biological diversity. We are not taking arable lands out of production; we are intensifying the agricultural use of them, while creating renewable energy. We are farming two crops simultaneously - energy and agricultural production’.

Rob Denman, Managing Director of PACE Group and President of PACE Canada LP said, ‘PACE is delighted to announce the commencement of construction of the Joffre Solar park. This is the first of a considerable pipeline of clean energy projects we are advancing that will include not just solar but also energy storage and green hydrogen as the market develops. Alberta is a key market for growth for PACE and we are excited to bring forward clean power in the region in support of the economic development of Alberta’s green economy. This project requires over CAD70m of investment and with continued government support to the growth of this sector PACE is looking to raise and deploy significant funds into the Alberta clean energy sector in the years ahead as we expand our project portfolio and technology types we are investing in’.

Speakers at the event included Barbara Shepherd, Reeve, Lacombe County who said, "Lacombe County welcomes PACE to our community. With access to the electrical grid just across the fence from the site we believe that this is the perfect place for the "first of its kind" project in the County” and the Honourable Ron Orr, Minister of Culture and MLA for Lacombe-Ponoka who said of the development, “PACE’s investment in Joffre and Lacombe County is truly something to be excited about. Renewable energy in Alberta is growing rapidly and PACE is contributing to that growth by bringing their innovative solutions – and jobs – to our province. This clean energy project will benefit our provincial electrical grid and I look forward to future projects championed by PACE in Alberta”.

PACE has had support over the development of its operation from Invest Alberta. Rick Christiaanse, CEO, Invest Alberta added, “PACE’s solar plant adds great value to Lacombe County and further builds on the opportunity for clean energy projects in rural Alberta communities. These high-impact, high-value projects are furthering Alberta’s clean energy transition and helping put Alberta on the map as a global leader in renewable energy solutions. As this is the first of its four projects coming to Alberta, we look forward to supporting PACE’s expanding presence in the province.”

About PACE Canada

PACE Canada LP is a partnership jointly and equally owned by Pathfinder Clean Energy, a global clean energy development and investment company, and GOLDBECK SOLAR, a German company specializing in the construction of large-scale solar power plants, based in Germany

The joint venture has a focus in Canada on utility scale solar, battery energy storage and green hydrogen production. PACE Canada undertakes and manages the entire project value chain, from site selection through permitting, planning, financing and offtake agreements, to be a market-leading platform for clean energy development and investment in Canada.

PACE Canada intends to develop and own and operate over 500MW of clean energy projects within three years and expand its interests in the country into energy storage, green hydrogen

www.pacecanada.com

About Pathfinder Clean Energy (PACE)

Pathfinder Clean Energy is headquartered in London and is a global developer and investor into clean energy with projects and interests in the UK, Europe and Canada. With a significant advanced portfolio of over 1.5GW of utility scale solar and energy storage projects it is expanding its operations to make a significant contribution to the challenge of achieving net zero. PACE has recently announced its expansion into the green hydrogen market.

www.pathfinderce.com

About GOLDBECK SOLAR

GOLDBECK SOLAR is an international company specialising in the turnkey construction of commercial rooftop and ground-mounted photovoltaic systems. The range of services covers the entire value chain, from project development and targeted project financing to the construction and integration of storage technologies, technical operation and asset management of the plants, as well as the direct sale of clean energy.

www.goldbecksolar.com

About GP JOULE EPC NA

The Joffre project is being constructed by Canadian EPC, GP Joule NA.

GP JOULE PV Canada Corp. and GP JOULE PV USA Inc. were subsidiaries of the Germany- based GP JOULE Group until 09/09/2022 when they were purchased by GOLDBECK SOLAR. The vertically integrated EPC company supplies turnkey PV and energy storage power plants with proprietary single axis tracking and fixed tilt racking systems. With more than 200 MWp of projects built in Canada and the northern US states over the past 10 years, GP JOULE EPC NA specialises in servicing utilities and C&I clients. Founded in 2011, the company is headquartered in Toronto, ON, has had a presence in Calgary, AB since 2016, and most recently established a location in Halifax, NS in 2022. Its US satellite office is located in Los Gatos, CA.

Pathfinder Clean Energy has entered the UK green hydrogen market through a submission into the Government’s Hydrogen Business Model and Net Zero Hydrogen Fund: Electrolytic Allocation Round for 2022.

PACE is active in the clean energy market across UK, Canada, Poland and Spain and increasing its business development across further international markets and technologies. This is the first commitment to the green hydrogen sector.

Ben Chippendale, Analyst at PACE said, ‘The global green hydrogen market has considerable international government support and could be worth over £60bn by 2030. This joint allocation round is a key milestone for the UK’s green hydrogen industry and will serve as an important catalyst for empowering companies to gain access to private investment across the emerging market. PACE has submitted projects into the process which they believe could be hydrogen enabled by 2025. Alongside the submission, we have signed initial MoUs with both financing and offtake partners who will be actively supporting the ongoing development of these hydrogen projects through to deployment.

PACE continues to review its 1.5GW advanced UK development pipeline for additional projects for this technology combination.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “PACE is one of the leading developers across the UK utility scale solar and energy storage market. This joint allocation round was one we considered we should participate in as we look at ways we can continue to innovate and improve the ways that we can assist the UK to achieve its net zero targets and improve cost competitive energy security’.

‘To achieve the UK’s net zero targets and also improve energy security at the lowest price to the country we must advance utility scale solar, onshore wind, energy storage and green hydrogen. That is why PACE is committing to all. Green hydrogen has been presented as part of the solution for over 70 years so is an established technology and if we can combine this with clean energy generation and the demand and with the right support and strategy it could be an important part of the way we power a clean future. We hope this is the first step for the UK Government to support the integration of green hydrogen with utility solar and onshore wind.’

PACE has agreement with a leading logistics firm to provide the demand for the green hydrogen generated if successful in the process and is in negotiation with further industrial and logistics companies.This government process is for projects to connect by 2025 but PACE is also exploring opportunities for green hydrogen outside of this government support framework.

PACE Canada's development team continues to grow with the appointment of Rhonda Barron as Consultation Co-ordinator for the market.

Rhonda will assist the local team to manage and advance its clean energy projects in Alberta and the wider market.

PACE Canada has 100MW of Alberta based projects that are due to enter construction in 2022/23 and a target of an additional 300+MW in the next two years.

Rhonda has a long-standing interest and passion for sustainable practices and brings fifteen years of professional experience in advocating for positive community projects across various sectors.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “We are delighted to welcome Rhonda onto the PACE Canada team as we enter construction and continue to advance new projects in the region”.

'Rhonda will play a crucial role as we increase the speed of development in all our markets to achieve our targets to support the urgent move to clean energy to combat climate change and improve energy security. Rhonda is passionate on the benefits of clean energy for the communities in which we operate in Canada and we look forward to her bringing this to our projects as we fast track our intentions to contribute to the fight against climate change' says Denman.

PACE continues to look to recruit the best candidates into its open and new roles as we move into construction on our current projects and increase our international project portfolio”.

Rhonda will be based out of Calgary, Alberta.

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, has submitted into planning its latest 8 MWp project near Upleadon in the Forest of Dean.

The proposed ground-mounted scheme, known as Stream Solar would generate enough power for around 2,600 homes each year or the CO2 emissions equivalent of removing over 1,500 petrol cars from the road.

The company now has more than 1GW of solar capacity in the UK in various stages of the development process and almost 300MWp fully permitted or submitted into planning. PACE has also recently announced its entry into the UK green hydrogen sector and also is commencing construction on its first assets in Canada.

Alex Ross, Director of PACE Developments said: “Stream Solar park has been in development since 2019 and PACE is delighted to now submit this into planning. The PV panels have an extremely light footprint within the fields they occupy, thus leaving many opportunities for improving biodiversity through active management for ecological and wildlife enhancements”.

“The solar farm will increase the wildlife habitat by creating new meadows, increasing hedgerows and native species planting, and replacing arable land with meadow and grazing. No agricultural land will be lost and sheep can graze under and around the solar panels during operation. The site has been designed to avoid public footpaths and new planting of native species of trees and hedges will help screen it from view”.

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, has submitted into planning another co-located clean energy project totaling 27MW of additional generation capacity.

The proposed ground-mounted scheme, known as Apple Tree Solar, is located near Wissett in Suffolk. This project would generate enough power for over 11,500 homes annually and displace the equivalent CO2 emissions of around 1,700 petrol cars, thereby making an important contribution to the UK’s climate goals.

This brings the Pathfinder Clean Energy UK solar pipeline either fully permitted or submitted into planning to over 270MWp with an additional ability to import over 70MW to battery energy storage, to provide improved grid support and flexibility as the UK works to bring forth an increasingly dynamic and clean electricity system.

The company now has more than 1GW of solar capacity in the UK in various stages of the development process and is also entering construction on its first 100 MW of projects in Canada with a follow-on pipeline to connect from 2023 onwards.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “PACE is delighted to have reached the planning submission stage on this project that continues to grow our pipeline of UK and international projects.

“Apple Tree Solar is another PACE project we are delighted to submit into planning. Alongside it's benefits to the national energy outlook it will also deliver significant biodiversity benefits to the local area.

“With the high temperatures through the summer in the UK and across Europe showing the impact of climate change and the need for clean energy and increasing energy prices confirming the need for improved energy security, this project and others like it will become the backbone of the UK’s ability to manage both risks. These projects also provide long term stable incomes for our land owner partners that will also help them manage their own finances as they also have to adapt their own operations to the changing climate and the uncertainty this brings to agricultural yields.”

Pathfinder Clean Energy’s team in Canada continues to expand with the appointment of experienced project manager Jay Philipsen.

Jay has joined PACE Canada LP as Project Manager to assist PACE in the construction of its lead projects in the market and support its market expansion.

Jay brings over 10 years of construction and project management experience from North America and Europe and has worked for some of the leading global organisations including Google and Amazon.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “We are delighted to welcome Jay onto the PACE Canada LP team as we enter construction on our lead projects in Alberta and scale up to look to enter construction on additional projects in 2023. The lead Joffre project at 62MWp will make a significant contribution to the provision of clean power in Alberta and are delighted Jay has joined us to assist with this construction.”.

PACE continues to look to recruit the best candidates into its open and new roles as we move into construction on our current projects and increase our international project portfolio ”.

Jay will be based out of Calgary, Alberta.

Introduction

Pathfinder Clean Energy (PACE), a UK-headquartered international clean energy developer and investor has achieved planning approval for its 39MWp solar park in Norfolk.

The clean energy project supports the expansion of the Food Enterprise Park (FEP) near Norwich through onsite utility-scale solar generation, an increase in power import and export capacity and the potential for battery storage.

Energy storage can also be combined with solar to bring further flexibility to the onsite generation so the benefits of the low carbon solutions are optimised.

Rob Denman, Managing Director of Pathfinder Clean Energy, said,

‘PACE is delighted to announce the approval of Maleys Solar park that combines both grid export potential but also behind-the-meter support for onsite generation. PACE expects this to be the first of a series of intelligent utility-scale solutions it can bring to the market for forward-thinking landlords and land owners across the UK who are looking to expand their operations but in ways that are clean and contribute to their ESG targets’.

‘We will be announcing additional information on this project over the next few months but are excited to achieve planning approval and are actively advancing the technical designs to move to construction’.

Information on the Project

Maleys Solar park.

Maleys is a 39 MWp solar farm located in Easton, Norfolk just off the A47. The project will generate around 40 GWh, providing clean power to a local industrial park with surplus to be supplied to the national electricity grid where it could provide power for up to 12,500 households and displacing 9,000 tonnes of C02 e annually.

About Pathfinder Clean Energy (PACE)

Pathfinder Clean Energy (PACE)- established in 2017 - is an international clean energy developer and investor currently operating in the UK, Canada, Poland and Spain and with ongoing business development in other growth markets.

PACE develops its own projects (PACE Development) and also has inhouse technical advisory (PACE Technical) to provide support to its own projects and select third parties and also PACE Capital that works with the PACE projects and the market on financing, power purchase agreements and project acquisition.

PACE has ongoing development operations in UK, Canada, Poland and Spain.

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, has submitted into planning a 13 MWp solar farm in the East Lindsey area of Lincolnshire. The proposed scheme can also include co-located energy storage.

PACE has completed a detailed local consultation process and a suite of environmental and technical assessments in order to design and submit this project.

PACE is working to enter construction on 140MWp of projects across its advanced markets of the UK and Canada in 2022 and has a follow on pipeline of 1+GW of grid capacity it is advancing.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “This Lincolnshire project will add to our ever-expanding portfolio across the UK.

The proposed ground-mounted scheme, known as Mallows Solar, is located near the Lincolnshire village of Sibsey and is the company’s seventh solar project to enter planning in the UK. If built, it would generate enough power for around 4,600 homes.

“This project will be able to connect in 2023 and provide a contribution to our climate targets and energy security.

‘PACE’s growing team is excited to advance this project that adds to our portfolio where we can co-locate energy storage to provide both clean generation but also additional support to the UK electricity network. ’.

Pathfinder Clean Energy’s development team continues to expand with two new appointments - one to lead on our expansion of our Canadian project pipeline and one to support the UK.

Claude Mindorff has joined PACE Canada LP as Director of Development to lead on the expansion of our interest in the region. Claude has worked with PACE through the development of the current 100MW of Alberta based projects that are due to enter construction in 2022/23 and will continue to work with PACE to expand our interests to a target of 400+MW in the next few years.

Claude brings over 30 years of North American energy and construction experience and has been active in the clean energy sector for 22 years.

PACE has also appointed Andy Keelan as Commercial Land Manager to support the origination and development of new and existing projects in the UK.

Andy brings over 10 years of renewables and real estate experience with leading companies including Ecotricity and JLL. He will be supporting the development team in negotiation and management of projects and managing our relationships with our land partners.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “We are delighted to welcome Claude and Andy onto the team as we grow our UK and Canadian pipelines. Both markets require the expansion of clean energy supply and innovation as the solar, energy storage and green hydrogen markets continue to grow”.

They will play a crucial role as we increase the speed of development in all our markets to achieve our targets to support the urgent move to clean energy to combat climate change and improve energy security.

PACE continues to look to recruit the best candidates into its open and new roles as we move into construction on our current projects and increase our international project portfolio.

Claude will be based out of Calgary, Alberta, and Andy will be based in PACE’s Bristol office in the UK.

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, has submitted into planning its latest 48MW solar farm.

The proposed ground-mounted scheme, known as Grange Solar, is located near the Suffolk town of Diss and is the company’s sixth solar project to enter planning in the UK. If built, it would generate enough power for around 16,000 homes.

The company now has more than 1GW of solar capacity in the UK in various stages of the development process.

Alex Ross, Director of PACE Developments in the UK said: “After extensive consultation we have submitted our plans for this ecologically-led solar farm which will also see the land continue to be used for agriculture. Grange Solar will provide a substantial biodiversity net gain on site, whilst also helping to address the climate emergency declared in East Suffolk in 2019.

“Clean energy generation has never been more important for the UK, ensuring the country becomes increasingly self-sufficient in energy whilst also supporting the drive towards Net Zero. We are delighted to advance this project into planning.”

On April 20, 2022, PACE Canada received Alberta Utilities Commision (AUC) power plant approval under proceeding 27178 under the Hydro and Electric Energy Act for Hanna Solar park. This joins Joffre and Youngstown projects that achieved this milestone in late 2021. PACE will be pushing on with financing and to enter construction before the end of 2022.

The Hanna solar power project is proposed for a site in Special Areas #3 on a reclaimed portion of the Westmoreland Sheerness Coal mine.

Development work on the 13 MWAC export facility began in 2019 supported by funding through the Town of HAnna MCCAC Community Generation and Capacity Building program. PACE worked collaboratively with the Town of Hanna, Special Areas Board and Westmoreland Coal to bring forth this community based project.

Alex Ross, Development Director for PACE Group said, 'Following our recent announcement in PACE Canada LP to partner with Goldbeck Solar this builds on our portfolio we will be entering construction on in 2022. This brings our Alberta based ready to construct portfolio to over 70 MWp that soon will begin to make a material contribution to the Alberta clean energy market'.

'This project was co-developed with our previous partner Switch and we would like to thank them for their part the progress on this project'.

A long-standing partnership becomes a strong team: Pathfinder Clean Energy and GOLDBECK SOLAR have joined forces through the joint venture PACE Canada LP registered in Alberta, Canada. Four solar projects with a total of 80 MWac are already in planning, two of them are ready for construction.

GOLDBECK SOLAR now also provides solar energy in Canada. Together with the globally active Pathfinder Clean Energy, the solar company from Hirschberg in Germany will implement the first solar plants in the Alberta region this year. For this purpose, Pathfinder Clean Energy and GOLDBECK-SOLAR have joined forces to form the joint venture PACE Canada LP.

"Canada is a perfect location for solar energy," says GOLDBECK-SOLAR CEO Joachim Goldbeck. "The solar radiation is comparable to that in Italy and the interest of local companies in renewable energy is high. We are pleased to be able to contribute with our experience to realize successful solar projects here."

Construction of two plants in Canada is scheduled to start this summer: the Joffre Solar Power Project and the Youngstown Solar Power Project.

The 47-MWac Joffre project is being built near the Joffre Petrochemical Complex in Lacombe County. The smaller Youngstown project is also ready for construction and is expected to include 6 MWac of capacity. Two other solar facilities, the 13 MWac Hanna-Sheerness Solar Project and the 14 MWac Caroline Solar Project, are still scheduled to come online by the end of 2023.

Pathfinder and GOLDBECK SOLAR have already been working together for about ten years on various projects, including in the UK market. The new joint venture will be managed by Rob Denman, Alex Ross, Joachim Goldbeck and Constantin Lindenmeyer.

PACE Canada will undertake and manage the entire project value chain, from site selection through permitting, planning, financing and offtake agreements, to create a market-leading platform for clean energy development and investment in Canada.

More information about PACE Canada LP and its planned projects is available online at www.pacecanadalp.com

CALGARY, Alberta March 31, 2022 – PACE Canada, a global developer and investor in clean energy, announced today that its Canadian head office will be moving to Alberta from British Columbia as the company scales up new operations in the province.

The relocation of the Canadian office comes on the heels of a recent announcement that the company has received approval for two solar projects in Alberta by the Alberta Utilities Commission (AUC). The Joffre Solar Power Project will be located near the Joffre Petrochemical Complex in Lacombe County, while the smaller Youngstown Solar Power Project will be located in Special Areas No. 3. PACE anticipates both projects will enter the construction phase in 2022. PACE has also announced a strategic partnership in Canada with Goldbeck Solar who has over 20 years of experience in building solar power plants.

Through its International Team in the UK, Invest Alberta worked with PACE to provide the company with information and analysis on federal and provincial policies, potential incentives, and connected PACE with local partners to assist with relocation of its operations.

Rob Denman, Managing Director of PACE Group and President of PACE Canada LP

“We are thrilled to be relocating our corporate headquarters to Alberta as the region will provide the foundation for our new initiatives going forward. Alberta is one of the top business growth areas for cleantech making it an ideal location for PACE Canada’s future as we scale up our involvement in the clean energy sector through solar and increasingly moving into energy storage and green hydrogen. Being in Alberta gives us the opportunity to further expand our ability to service current and future market needs."

Honourable Doug Schweitzer, Minister of Jobs, Economy and Innovation

“Alberta’s reputation for innovation is growing and, paired with our energy leadership, our province is the ideal place for PACE Canada to have its headquarters. We have the talent, the resources, and the business environment to attract international companies like PACE. This is one more example of how Alberta is attracting private-sector investment and diversifying our economy.”

Honourable Dale Nally, Associate Minister for Natural Gas and Electricity

“Alberta is home to the fastest growing, low-cost renewable energy sector in Canada, making our province the best location in the country for PACE Canada. With their upcoming solar facilities in Joffre and Youngstown, PACE will play an important role as our province continues to work towards a more sustainable and affordable energy future.”

Rick Christiaanse, CEO, Invest Alberta

“Alberta’s clean energy sector has experienced exceptional growth over the past decade, fueled by high levels of capital investment. Alberta’s high-quality talent, competitive regulatory environment and low corporate taxes ensure companies like PACE can set up fast and succeed without limits in Alberta.”

Invest Alberta is playing a vital role in positioning Alberta for success in a low-carbon future, and cleantech has the potential to deliver $61 billion GDP and 170,000 jobs by 2050 in Alberta.

About Invest Alberta:

The Invest Alberta Corporation is dedicated to investment attraction, with a mandate to engage the world and provide high-end tailored support to companies, investors, and major new projects. Alberta, Canada has the lowest corporate payroll and sales taxes; the youngest and highly educated workforce in Canada, and the most livable and affordable cities. Invest Alberta works to break down barriers so investors and businesses can start up, scale up, and succeed without limits.

About PACE

PACE was established in 2017 as a global developer and investor in clean energy and brings together over 35 years of experience from across the technical and financial supply chain.

Its global team can bring talent and expertise to any market or project - keeping down project specific costs and providing cost effective and efficient route for capital to the benefit of the project, the capital and each local energy market. PACE is headquartered in the United Kingdom.

Media Contact

Invest Alberta: communications@investalberta.ca

For communications related to this announcement and Pathfinder Clean Energy:

Paul Taylor, Taylor Keogh Communications: +44 (0)7966 782611 / paul@taylorkeogh.com

For general enquiries: Pathfinder Clean Energy’s Ben Chippendale - +44 (0)20 7127 4542 / press@pathfinderce.com

Pathfinder Clean Energy (PACE), the international developer of utility scale solar and co-located battery storage projects, has submitted an additional 90 MWp of clean energy projects into planning in the UK.

These projects are Maleys and Tophams Solar farms and are located in Norfolk and Hertfordshire.

Alex Ross, Development Director of Pathfinder Clean Energy said: “These latest projects have completed over two years of development and through innovation and dedication from our team we have managed this through the restrictions of the last couple of years. PACE UK intends to start construction of 3 sites totalling 70MWp and 15MW/30MWh energy storage projects in the coming months and also submit an additional 200MWp of solar and energy storage projects into planning in the UK in the first half of this year’.

Rob Denman, Managing Director, said, ‘With the focus increasingly on clean energy and also energy security, the PACE projects can provide significant benefits to the UK. We are expanding our local and international teams as we move additional projects into development and construction. As the market also requires increasing innovation to overcome grid constraints, curtailment and other market challenges we are also looking to combine technologies across our developments beyond simple energy storage to include green hydrogen and other complementary technologies’.

Information on the Projects

Maleys Solar

Maleys is a 39 MWp solar farm located in Easton, Norfolk just off the A47. The project will generate around 40 GWh, providing clean power to a local industrial park with surplus to be supplied to the national electricity grid where it could provide power for up to 12,500 households and displacing 9,000 tonnes of C02 e annually.

Tophams Solar

Tophams is a 49.9 MWp solar farm located in Bygrave, Letchworth. The project will generate around 50 GWh, sufficient to power 16,000 households and displacing 11,300 tonnes of C02 e annually.

Pathfinder Clean Energy (PACE), the UK-headquartered international developer of utility scale solar and battery storage projects, has secured funding from Hitachi Capital Business Finance to support the growth of its project development pipeline in the UK.

The financing arrangement will enable PACE to continue its development pipeline of solar plus storage sites, with plans to submit an additional 130MWp of projects into planning in Q1 2022. This would bring PACE’s portfolio of permitted or planning submitted projects to over 200MWp. The portfolio would require over £100m of construction funding through 2022/23.

Rob Rabinowitz, Commercial Director at PACE said: “Hitachi Capital’s credit facility is designed to support PACE’s strategy of building a strong renewable energy platform that integrates project development, financing and operations.”

Rob Denman, Managing Director of PACE said: “PACE is delighted to be working with Hitachi Capital; they are one of the leaders in the sustainability financing sector. The agreement with Hitachi Capital enables us to continue our growth in the UK and accelerate our projects through the development process.”

“As the market continues to innovate - in the UK and the other markets in which PACE is doing business - we are constantly evaluating how we can maximise the benefit our projects can bring, through combining utility scale solar with energy storage or considering how we can integrate other advances such as green hydrogen.”

“We consider this to be the start of a long business relationship with Hitachi Capital in the UK and the other international markets in which we operate.”

PACE is presently developing renewable energy projects in the UK, Spain, Poland and Canada. Last month, PACE secured approval for two solar projects in the Canadian province of Alberta; construction of these are expected to start in 2022.

Phillippe Bazin, Head of Sustainability, Hitachi Capital Business Finance said. “Hitachi Capital has a long-term commitment to funding innovation and deployment in the UK’s renewable energy markets and in helping businesses with strong sustainability ambitions and growth prospects to get to scale. We have been impressed with the quality and depth of PACE’s offer and have designed a tailored funding package that supports their growth while they increase the maturity and value of their project portfolio.”

For further information:

Pathfinder Clean Energy

Paul Taylor, Taylor Keogh Communications: +44 (0)7966 782611 / paul@taylorkeogh.com

Ben Chippendale, PACE: +44 (0)20 7127 4542 / press@pathinderce.com

Hitachi Capital Business Finance

Jim Follett, elephant communications: 07908 551571 - 07908 551572 / jim@elephantcommunications.co.uk

Notes to Editors

About Pathfinder Clean Energy (PACE) – www.pathfinderce.com

Pathfinder Clean Energy (PACE) is an international clean energy developer and investor. The company was co-founded by Rob Denman and Alex Ross in 2017. The company has since grown to a team of 16 people across UK, continental Europe and Canada - all with extensive experience in the clean energy sector.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under merchant power models, PPAs or bids into government auctions.

PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets.

About Hitachi Capital Business Finance

Hitachi Capital Business Finance, a division of Hitachi Capital (UK) PLC, provides business asset finance to SMEs and bigger corporations across the UK to help them meet their goals and grow.

With an asset portfolio of more than £1.3bn, the business is active across multiple sectors such as transport, agriculture, construction, manufacturing, materials handling and financial services providers.

Business finance products including hire purchase, finance lease solutions, stocking and block discounting are provided through brokers, vendor organisations, manufacturers and direct to the business community.

About Hitachi Capital (UK) PLC

Hitachi Capital (UK) Plc is a leading financial services company, authorised and regulated by the Financial Conduct Authority (FCA). We have over 1,500 employees, £5.9bn of net earning assets and over 1.4 million customers across five business divisions; Consumer Finance, Vehicle Solutions, Business Finance, Invoice Finance and European Vendor Solutions. For nearly 40 years, Hitachi Capital (UK) PLC has worked with consumers and small to medium enterprises (SMEs) as well as corporate multinationals in the UK and mainland Europe, enabling millions of consumers and businesses to achieve their ambitions.

Whether it’s powering retail with market-leading point of sale finance, helping people realise their ambitions with personal loans, supporting the growth of SMEs or keeping businesses on the road, Hitachi Capital (UK) PLC has firmly established itself as one of the UK's leading consumer lending, asset finance and vehicle leasing providers.

From 1 April 2021 we became a wholly owned subsidiary of Mitsubishi HC Capital Inc. strengthening our relationship with one of the world's largest and most diversified financial groups.

PACE Canada has received Alberta Utilities Commision (AUC) power plant approval under the Hydro and Electric Energy Act for two projects. This is an important milestone in the development process and PACE will be pushing on with financing and to enter construction.

The Joffre solar power project is proposed for a site near the Joffre petrochemical complex in Lacombe County. Development work on the 47-megawatt export facility began in 2018 and current designs are for a total installed capacity of approximately 61 MWp. The project was approved under proceedings 26733 & 26760.

The smaller Youngstown solar power project is located in Special Areas no. 3 and PACE anticipates entering construction at the same time as Joffre. Approved under proceeding 26734.

Power generated across the two projects would go into the provincial electrical grid and reduce carbon dioxide emissions by 16,000 tonnes per year and power over 22,000 houses across the expected initial 25-year life of the project.

PACE intends to enter construction in early 2022 with connection by the end of the year.

Alex Ross, Development Director of PACE Group said, “PACE is working to enter construction of over 100MWp of projects in 2022 in Alberta and increase our participation in this exciting market. Joffre and Youngstown are the first two of these projects but PACE has ambitious plans to grow our pipeline in Canada over the course of the next 12-18 months .”

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, has commenced the community consultation for a 15MWp solar farm in the East Lindsey area of Lincolnshire. The proposed scheme will also include energy storage of up to 5MW/20 MWh.

Subject to the outcome of its local consultation process and its environment and technical assessments, PACE is aiming to submit a planning application for the scheme before the end of this year (2021).

PACE has 70MWp of projects fully permitted and working to enter construction in early 2022 and has a target of advancing into planning an additional 200+MWp before the end of 2021.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “Our Lincolnshire project will add to our ever-expanding portfolio across the UK.

“With the current turmoil in the gas markets increasing energy prices, and the need to get to Net Zero, the need for unsubsidised renewable energy schemes have never been more important to the UK.”

“We continue to explore additional ways we can innovate on our projects for the benefit of the energy market and the electricity grid. PACE is already looking to co-locate energy storage and we are exploring opportunities to develop green hydrogen across the UK where economically and logistically viable to meet the potential increase in demand from industry and the commercial transport sectors’.

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, has commenced the community consultation for its second 50MWp solar farm in the UK. The proposed scheme which is located in North Hertfordshire 13 miles north-east of Stevenage will also include energy storage of up to 8MW/32MWh.

Subject to the outcome of its local consultation process and its environment and technical assessments, PACE is aiming to submit a planning application for the scheme before the end of the year (2021).

Today’s announcement follows the company’s recent success (September 6th 2021) in securing planning approval for a 26MWp solar farm in Norfolk - its third success so far this year, taking the company’s permitted pipeline of solar projects in the UK to more than 70MWp. PACE also has an additional 150MW of solar projects (some co-located with energy storage projects) in the public consultation/pre-planning stage.

Rob Shaw, who leads PACE’s planning team said: “PACE’s solar and energy storage projects are making a strong contribution to the UK’s drive towards NetZero and play our part in tackling the climate emergency. Importantly, our projects are clean and provide renewable power to tens of thousands of homes and businesses.”

“But our ethos goes beyond this. On all our sites, we are working to integrate landscape and biodiversity improvements, and where possible increase accessibility to the countryside, so that the benefits can be felt by the communities in which we work.”

The proposed solar farm in Hertfordshire (known as Tophams) will cover approximately 60 hectares, and will generate enough energy to power nearly 15,759 homes. The project will also include energy storage so that the project can provide additional services to the grid and improve the flexibility and control of the energy it creates.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “Bringing viable clean energy projects through the permitting system in the UK and in the other markets where we are active requires a careful and sensitive balance between local requirements and the national need.

“We are bringing forward renewable energy projects that form part of the effort to combat climate change, and they provide a low cost and low impact way to help power the countries in which we operate. The Tophams project, alongside our other schemes, will bring our pipeline of solar projects to over 300MW in late stage development or ready to construct, and these should enter operation within the next 1-2 years. Where possible, many of these projects will be co-located with energy storage to provide the flexibility that the energy system requires.”

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects has secured planning approval for its 26 MWp Attleborough Solar Park, 15 miles south-west of Norwich, Norfolk. The consent, its third in the UK this year, brings the company’s permitted pipeline in the UK to over 70MWp across three projects - Three Bridges, Burgate and now Attleborough. In addition, PACE has projects elsewhere in the UK as well as Canada, Spain and Poland which are at various stages of development.

The ground-mounted Attleborough solar farm will provide enough power for the equivalent of 7,523 UK households and will reduce CO2 emissions by 5,437 tonnes annually. Subject to financing, its construction is earmarked for 2022.

Rob Denman, Managing Director of PACE said: “We now have over 70MWp of projects in the east of England that are in a position to be constructed. We will soon be announcing further details on a further 300MW of solar and energy storage projects in the UK; we intend to submit applications for these projects before the end of the year.”

“The requirement for clean energy at scale has never been more important and we are now moving into a position to enter construction in early 2022 with our UK and Canadian projects.”

“We will continue to innovate across our projects with additional co-location of energy storage where appropriate and combining additional technologies as and when they become viable such as synchronous condensers, hydrogen or other enhancements.”

“PACE is confident that our assets can provide a strong contribution to how we decarbonise in the UK and internationally, and to be at the forefront of how this important sector takes on this challenge.”

PACE secured planning consent for the Three Bridges solar farm in February 2021 and its Burgate solar farm in July 2021. It has recently commenced the development and consultation process for a 50MW solar farm near Diss, Suffolk with additional consultations to be announced in the next few weeks.

About Pathfinder Clean Energy (PACE)

Pathfinder Clean Energy (PACE) is an international clean energy developer and investor. The company was co-founded by Rob Denman and Alex Ross in 2017. The company has since grown to a team of 16 across UK, Europe and Canada - all with extensive experience in the clean energy sector, both in the UK and overseas.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under merchant power models, PPAs or bids into government auctions.

PACE currently has a development pipeline of over 1GW of solar projects across its international markets. The company also has solar projects at an advanced stage of development in Canada and Spain, and is soon to start development operations in Poland.

PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets.

www.pathfinderce.com

For communications related to this announcement:

Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com or press@pathfinder.com

For PACE general enquiries:

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

PACE Poland is moving forward with its first solar farm projects in West Pomeranian Voivodeship - in the north west of the country. The company has submitted applications for a decision on environmental conditions for two solar projects.

The next steps on the way to the development and construction of the projects will be obtaining a decision on land development conditions and a decision on the conditions for connecting the solar farms to the local grid. PACE is targeting these projects to connect in 2022.

In addition to taking forward these two projects, the PACE Poland team is assessing a series of other locations for solar projects across the country.

Rob Denman, Managing Director of PACE said: ‘Since we established PACE Poland in late 2020 we have expanded our team and reach as we see Poland to be a key growth market for PACE. It’s an exciting market and we are confident that these two projects in West Pomerania will be the first of many as we increase our investment and our resources in the country.”

About Pathfinder Clean Energy (PACE)

Pathfinder Clean Energy (PACE) is an international clean energy developer and investor. The company was co-founded by Rob Denman and Alex Ross in 2017. The company has since grown to a team of 16 across UK, Europe and Canada - all with extensive experience in the clean energy sector, both in the UK and overseas.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under merchant power models, PPAs or bids into government auctions.

PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets.

www.pathfinderce.com

For communications related to this announcement:

Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com or press@pathfinder.com

For PACE general enquiries:

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

Pathfinder Clean Energy (PACE), the UK-headquartered international developer of utility scale solar and battery storage projects, has secured planning permission for its 21MWp Burgate solar farm, located eight miles north of Norwich.

The Burgate solar farm will provide enough power for the equivalent of 6,800 UK households and will reduce CO2 emissions by 4,900 tonnes annually.

Alex Ross, Director of PACE Developments in the UK said: ‘PACE UK is delighted to achieve another planning success at Burgate. The Covid pandemic created additional challenges to the team but we overcame these through our use of technology and we can now focus towards a construction start.”

PACE currently has a development pipeline of over 1GW of solar projects in the UK, Canada, Spain and Poland.

Rob Denman, Managing Director of PACE, said: ‘PACE is really gathering momentum and we are now active across three continents - Europe, Africa and North America. We have been active in Spain for some time and are pursuing project opportunities in Poland. In May, our PACE Technical team secured a project design contract in Cape Verde, and in June our Development team secured consent for a solar farm in Alberta, Canada. We are advancing towards construction starts for our lead projects within the next 6-10 months.

“With the volatility of clean energy markets and markets generally, our broad geographical presence provides PACE with the ability to manage risks and make sure our experienced team is always involved in market leading projects. With our new team in Poland also starting to gain a strong foothold, we look forward to many more successes through the year and into 2022.”.

About Pathfinder Clean Energy (PACE)

Pathfinder Clean Energy (PACE) is an international clean energy developer and investor. The company was co-founded by Rob Denman and Alex Ross in 2017. The company has since grown to a team of 16 across UK, Europe and Canada - all with extensive experience in the clean energy sector, both in the UK and overseas.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under merchant power models, PPAs or bids into government auctions.

PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets.

www.pathfinderce.com

For communications related to this announcement:

Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com or press@pathfinder.com

For PACE general enquiries:

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

Pathfinder Clean Energy’s team in the UK continues to expand with two new appointments.

Andy Anderson has joined the in-house planning team at Pathfinder Clean Energy (PACE) to advance the company’s pipeline of solar and energy storage projects.

Andy is a Chartered Town Planner with thirty years’ experience in urban planning, cultural development, built heritage, and international development projects in both the private and public sectors. This includes extensive experience leading planning applications, working with governments, local authorities, NGOs, and donor agencies.

PACE has also appointed Dylan Brereton as a Design Engineer to support the origination and development of new and advancing projects. Dylan is a graduate from the University of Exeter where he studied Renewable Energy Engineering.

The two appointments have been made as PACE UK await the planning determinations for two solar farm projects in East Anglia, that are expected before the end of August. Andy and Dylan will also be joining the PACE development team to advance PACE’s pipeline of over 400MW of projects across solar and energy storage through permitting over the next 18 months.

Rob Denman, Managing Director of Pathfinder Clean Energy said: “‘We are delighted to welcome Andy and Dylan onto the team as we grow our UK and international pipelines. As we move into the financing and construction phase for our projects in the UK and international markets we need to continue to also bring through new projects into our pipeline and to do this we need to continue to identify the best talent we can to support our endeavours.. This is not the time to slow down on our expansion as the requirement for clean energy has never been clearer and the PACE team needs to grow so we can make a material contribution.”

“It is also crucial that we continue to bring good engineers into the industry and with our close links to the leading universities that focus on clean energy in the UK and internationally we are confident Dylan will be the first of many we can bring through straight from university to join us in this this exciting and important sector.”

Dylan will be based in PACE’s Bristol office.

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, has commenced the community consultation for a 50MW solar farm, its largest UK subsidy-free solar project to date. The proposed ground-mounted scheme is located near the Suffolk town of Diss.

A planning application for the scheme will be submitted before the end of the summer.

The Diss project is the fourth solar farm that PACE is seeking to develop in the UK. The company now has more than 100MW of solar capacity in various stages of the planning process, with an additional 400MW of solar and solar+Storage projects in the UK expected to be brought forward in the next 24 months.

Alex Ross, Director of PACE Developments in the UK said: “PACE’s inhouse planning team identified the Diss site as ideal for solar, and is now carrying out additional analysis to support the planning application. Solar generation is important for the UK in its drive towards Net Zero and having a country’s clean energy infrastructure.

“We have shared our plans for an ecologically-led solar farm with the local parish council which will see the land continue to be used for agriculture. We plan to take measures to increase the site’s biodiversity and will plant additional hedgerows as well. Further consultation with the local community will be undertaken before we submit our application.

The proposed solar farm (known as Grange) will cover approximately 90 hectares, and will generate enough energy to power nearly 15,480 homes.

PACE Canada has received permission for development from the local municipality on its lead Alberta solar park - Joffre Solar park.

The solar power project is proposed for a site near the Joffre petrochemical complex in Lacombe County. Development work on the 47-megawatt export facility began in 2018 and current designs are for a total installed capacity of approximately 61 MWp.

Power generated would go into the provincial electrical grid and reduce carbon dioxide emissions by 47,000 tonnes per year and 1.4 million tonnes over the expected initial 25-year life of the project.

Pace Canada LP intends to enter construction in early 2022 with connection by the end of the year.

Rob Denman, Managing Director of PACE said, “The Alberta and Canadian market continues to embrace clean energy and utility scale solar and PACE is pleased this project will be able to commence construction and achieve our agreed connection date in 2022.”

Introduction

PACE Technical - the engineering firm within the Pathfinder Clean Energy (PACE) Group - has been appointed as lead engineering design firm for Brine Engineering Solutions for their solar and energy storage project on Santo Antao island (Cabo Verde), off the west coast of Africa.

The contract will be led by PACE Technical Director Aitor Larrucea and the main services will be executive design, detailed design and energy yield calculations and pre-construction support.

PACE has supported the project through the two years of the concept development that brings together the design, construction and operation of a large-scale solar PV plant with 6.8 MWp in Santo Antao Island, integrated with a Battery Energy Storage System (BESS) with a capacity of 2MW/11MWH.

The renewable energy generated will be consumed by an agro-industrial cooperative for agricultural production and a desalination plant for clean water production. The project is expected to connect in late 2022.

Aitor Larrucea, Technical Director said: “we are delighted to participate in this landmark project for Cabo Verde which integrates solar generation, storage and power control allowing for 24-hour, year-round clean energy supply.”

Rob Denman, Managing Director of PACE said, ‘PACE Group and PACE Technical are delighted to be able to support Brine on this exciting project. Through the course of the last 24 months we have worked with the team at Brine to bring this project through.”

Yannick Teixeira, CEO of Brine Engineering Solutions, said ‘this project has been developed over many years and we are very excited that, with PACE’s support, this project is on the verge of becoming reality. What started out as a project to develop a renewable energy initiative in Cabo Verde, has grown to support and tackle environmental, social, and economic issues. By the incorporation of a desalination plant and irrigation system, powered by renewable energy, the project can support the farming community, building an industry from subsistence levels to provide jobs and security for over 200 families. Thus protecting a way of life that there is little desire amongst the local community to leave behind”.

PACE have been instrumental in their support for the initiative and Brine is delighted this relationship will continue through to the implementation of the project and beyond.’

About the project

The project involves the design, construction and operation of a 6.8MWp solar plant, integrated with an 11MWh Battery Energy Storage System (BESS) to power a seawater desalination plant built for the project. This water is then supplied, along with all other agricultural inputs to local Cabo Verdean farmers in three nearby areas who grow crops for Aquasun with our support and guidance. This supply is augmented by a new hydroponic facility growing water intensive, fast-growing crops such as lettuce and strawberries. Certain produce such as mango, papaya, potatoes and strawberries are processed at the agro-industrial centre into jams and frozen French-fries. The fresh and processed goods are then distributed to national distributors and the Cabo Verdean tourism market.

About PACE Technical - inhouse and third party technical support

PACE Technical - led by experienced renewable energies engineer Aitor Larrucea - provides in-house consultancy, technical and detailed engineering support to PACE’s international projects and also provides services to third-party developers, investors and EPCs.

PACE Technical has extensive experience in executive and detailed engineering design, contract analysis, technical advisory services, construction management services and operational procedure analysis.

PACE Technical can provide technical and advisory services including engineering, construction agreements, negotiation, construction and quality monitoring, commissioning analysis and O&M procedures.

About Pathfinder Clean Energy (PACE)

Pathfinder Clean Energy (PACE)- established in 2017 - is an international clean energy developer and investor currently operating in the UK, Canada, Poland and Spain and with ongoing business development in other growth markets.

PACE has ongoing development operations in the UK, Canada, Spain, Poland and with entry into additional markets to be announced through 2021.

www.pathfinderce.com

About Brine Engineering Solutions

Brine is first and foremost a project development firm, specializing in the integration of different technologies and different sectors, to enhance the benefits that renewable energy can bring. To deliver on our vision of a truly sustainable world, we embed ESG values at the very core of all work we undertake, driving social empowerment and environmental sustainability, resulting in a more resilient, de-risked infrastructure projects.

Brine was established in the UK in 2014. Alongside the development of the Aquasun Cabo Verde projects, Brine has projects currently under-development in Southern Africa, West Africa Macaronesia and the Caribbean.

www.brine-ei.co.uk

For communications related to this announcement:

Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com or press@pathfinder.com

For PACE Technical enquiries:

Pathfinder Clean Energy - PACE Technical - Contact: Aitor Larrucea

Tel +44 (0)20 7127 4542

Images available on request

Introduction

Pathfinder Clean Energy (PACE) has appointed Michal Oleksy as Business Development manager in Poland.

PACE established its development and project acquisition operations in the country in February 2021 to support the country’s clean energy transition.

Michal brings over seven years of Polish energy market experience in energy trade as well as PV project development. He has been involved in clean energy projects development and management for private investors and brings this experience to the growing PACE Poland platform.

Michal will be based in Warsaw and supported through the PACE Poland office in Torun and the PACE Group’s wider international team.

The move by PACE coincides with the Polish Government’s publication of its Energy Policy to 2040, which will see a reduction in coal generation (72% generation market share to 56% by 2030) and an increase in renewables - offshore wind, onshore wind and solar. PV solar capacity is targeted to increase from 3.6GW to 5-7GW by 2030, with 20GW of PV solar installed by 2040. Last year, PV solar capacity tripled, so some commentators consider the 2030 target to be a conservative one.

Poland will be the fourth market PACE has established an office since its formation in 2017 and adds to its existing over 1GW development pipeline - with the first 67 MWp of UK projects due to enter operation this year (2021).

PACE Poland’s initial portfolio of 100 MWp of solar is across the north of Poland, connecting to the high voltage grid lines with the Enea and Energa Grid Operators. Subject to planning and financing, PACE’s first phase of projects should be able to achieve connection from 2022.

Alex Ross, Development Director of PACE, said, ‘‘Over the last 18 months, as our usual process, we have worked to digitise the constraints in the country to enable our team to evaluate opportunities quickly and identify the first 100MW of potential projects that is our core minimum threshold for any new market. This hurdle has now been reached.”

“Poland’s development process does have its challenges with certain grid confirmations coming later in the process but given the Government’s policy commitment to renewables and its 2030 targets, this is the right time for PACE to bring its expertise for the long term’.

Rob Denman, Managing Director of PACE said, ‘We consider Poland as a core market for growth as the country reduces its reliance on coal generation and renewables becomes increasingly competitive’.

‘Required power generation in Poland is estimated at 244 TWh in 2050 to keep up with the expected consumption growth, driven by industry, households and transportation demand. This trend coupled with lower supply from conventional sources due to expected hard coal / lignite decommissioning is expected to create space for new clean energy capacity. This market also benefits from EU policy and Polish regulatory framework support’’.

‘PACE development and acquisition team is highly tech-led through its market leading inhouse software to enable us to identify and manage risks on multiple projects and across our multiple markets and we are delighted to expand our interests into this exciting market’, he said.

About Pathfinder Clean Energy (PACE) – http://pathfinderce.com/

Pathfinder Clean Energy (PACE)- established in 2017 - is an international clean energy developer and investor currently operating in Spain, Canada and the UK and with ongoing business development in other growth markets.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under PPAs or bids into government auctions.

PACE’s understanding and management of the complete life cycle of a project provides security to low cost capital to provide a route to deploying at scale and across multiple international clean energy markets.

About the Polish market

Poland has achieved stable growth in electricity consumption of 33% since 1990. After recovery from the COVID-19 crisis, Aurora projects a 49% increase in power demand from 2022 until 2050.

Since 2016 there has been a stable support framework via an auction system for CfD which was successfully implemented and is to be continued until 2026. There is also increasing interest in corporate Power Purchase Agreements.

As part of its EU membership, Poland is obliged to meet targets for share of renewable energy in consumption set by the Union at 25% by 2030. The European Commission's new budget grants Poland EUR 50bn for the energy sector transition towards climate sustainability. Poland will receive EUR 125 bn of grants from the EU budget and the recovery fund in total.

For renewable technologies (RES) in Poland, their profitability is strongly enhanced by the increase in the market electricity prices, driven by rises in CO2, high domestic coal costs and decreasing project capex. The expected market price increase is driven by still significant coal based generation, increase of expensive gas fuelled installations replacing part of the coal capacity and the increase of energy consumption. As a result, electricity prices in Poland are higher than in most West and Northern European countries.

Development of RES is a key strategic direction of the Polish Energy Policy 2040 (PEP 2040) and National Plan for Energy and Climate, with solar PV generated electricity instrumental in securing the summer peak demand. As part of the announced Energy Policy of Poland, it is anticipated that an additional 20GW of solar PV will be installed over the next 20 years.

For communications related to this announcement:

Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com

For general enquiries:

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

Introduction

Pathfinder Clean Energy (PACE) has established PACE Poland - its solar farm development and project acquisition business in the country to support Poland’s clean energy transition.

The company has completed detailed market and technical analysis in Poland over the last 18 months and has identified and advancing its first 100MWp of early stage solar projects. The PACE Poland office will be located in Torun, north of Warsaw, from where PACE will co-ordinate its development and acquisition of projects across the country.

The move by PACE coincides with the Polish Government’s publication of its Energy Policy to 2040, which will see a reduction in coal generation (72% generation market share to 56% by 2030) and an increase in renewables - offshore wind, onshore wind and solar. PV solar capacity is targeted to increase from 3.6GW to 5-7GW by 2030, with 20GW of PV solar installed by 2040. Last year, PV solar capacity tripled, so some commentators consider the 2030 target to be a conservative one.

Poland will be the fourth market PACE has established an office since its formation in 2017 and adds to its existing over-1GW development pipeline - with the first 67 MWp of UK projects due to enter operation this year (2021).

PACE Poland’s initial portfolio of 100 MWp of solar is across the north of Poland, connecting to the high voltage grid lines with the Enea and Energa Grid Operators. Subject to planning and financing, PACE’s first phase of projects should be able to achieve connection from 2022.

Alex Ross, Development Director of PACE, said: ‘‘Over the last 18 months, we have worked to digitise the constraints in the country to enable our team to evaluate opportunities quickly and identify the first 100MW of potential projects that is our core minimum threshold for any new market. This hurdle has now been reached.”

““Poland’s development process does have its challenges with certain grid confirmations coming later in the process but given the Government’s policy commitment to renewables and its 2030 targets, this is the right time for PACE to bring its expertise for the long term’.

Rob Denman, Managing Director of PACE said: ‘We consider Poland as a core market for growth as the country reduces its reliance on coal generation and renewables becomes increasingly competitive. Required power generation in Poland is estimated at 244 TWh in 2050 to keep up with the expected consumption growth, driven by industry, households and transportation demand. This trend coupled with lower supply from conventional sources due to expected hard coal / lignite decommissioning is expected to create space for new clean energy capacity. This market also benefits from EU policy and Polish regulatory framework support.”

“PACE’s development and acquisition team is highly tech-led through its market-leading inhouse software to enable us to identify and manage risks on multiple projects and across our multiple markets and we are delighted to expand our interests into this exciting market.”.

About Pathfinder Clean Energy (PACE) – http://pathfinderce.com/

Paul Taylor, Taylor Keogh Communications: +44 (0)20 8392 8250 / paul@taylorkeogh.com

Ben Chippendale, Pathfinder Clean Energy: +44 (0)20 7127 4542 / ben.chippendale@pathfinderce.com / press@pathfinderce.com

Pathfinder Clean Energy (PACE)- established in 2017 - is an international clean energy developer and investor currently operating in Spain, Canada and the UK and with ongoing business development in other growth markets. PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation. The company uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under PPAs or bids into government auctions. PACE’s understanding and management of the complete life cycle of a project provides security to low cost capital to provide a route to deploying at scale and across multiple international clean energy markets.

www.pacepoland.com

About the Polish market

Poland has achieved stable growth in electricity consumption of 33% since 1990. After recovery from the COVID-19 crisis, Aurora projects a 49% increase in power demand from 2022 until 2050. Since 2016 there has been a stable support framework via an auction system for CfD which was successfully implemented and is to be continued until 2026. There is also increasing interest in corporate Power Purchase Agreements.

As part of its EU membership, Poland is obliged to meet targets for share of renewable energy in consumption set by the Union at 25% by 2030. The European Commission's new budget grants Poland EUR 50bn for the energy sector transition towards climate sustainability. Poland will receive EUR 125 bn of grants from the EU budget and the recovery fund in total.

For renewable technologies (RES) in Poland, their profitability is strongly enhanced by the increase in the market electricity prices, driven by rises in CO2, high domestic coal costs and decreasing project capex. The expected market price increase is driven by still significant coal based generation, increase of expensive gas fuelled installations replacing part of the coal capacity and the increase of energy consumption. As a result, electricity prices in Poland are higher than in most West and Northern European countries.

Development of RES is a key strategic direction of the Polish Energy Policy 2040 (PEP 2040) and National Plan for Energy and Climate, with solar PV generated electricity instrumental in securing the summer peak demand. As part of the announced Energy Policy of Poland, it is anticipated that an additional 20GW of solar PV will be installed over the next 20 years.

Introduction

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects has achieved planning on a 21MWp solar park in Norfolk.

The project will provide enough power for the equivalent of 6,800 UK households and will reduce CO2 emissions by 4,900 tonnes annually. The project will have the ability to co-locate energy storage and maybe constructed either with tracker technology or more traditional fixed tilt.

The PACE project, known as Three Bridges, is located seven miles north-east of Dereham and construction will soon commence for completion by the summer (2021).

PACE currently has a development pipeline of over 1GW of solar projects in the UK, Canada and Spain, and has recently started work in Poland.

PACE was co-founded by Rob Denman and Alex Ross in 2017. The company has since grown to a senior executive team of four people - all with extensive experience in the clean energy/renewables sector, both in the UK and overseas - and a wider international development team. Its development office is in Bristol.

Alex Ross, Director of PACE Developments in the UK said: ‘PACE is delighted to achieve planning on the Three Bridges project, despite the challenges of lockdown. It’s our lead project in our initial 300MW UK pipeline that we intend to construct before the end of 2022.”

Rob Denman, Managing Director of PACE, said: ‘This is a great milestone for PACE and we look forward to moving into construction on this project. This is the first of the three projects making up our lead UK portfolio totalling 67MWp that should enter construction in mid-2021. As our activities and developments in Canada, Spain and Poland also advance then our team looks forward to bringing our experience and capital to these and further markets through the year ’.

About Pathfinder Clean Energy (PACE)

Pathfinder Clean Energy (PACE) is an international clean energy developer and investor established in 2017 and currently operating in Spain, Canada and the UK and with ongoing business development in other growth markets.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under PPAs or bids into government auctions.

PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets..

www.pathfinderce.com

For communications related to this announcement:

Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com

For general enquiries about Pathfinder Clean Energy::

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

Introduction

Pathfinder Clean Energy (PACE), a UK-headquartered international developer, has announced its intention to scale up a pipeline of utility scale Energy Storage projects in the UK

The cornerstone project will be an initial 69MW/138MWh project to connect at 132kV to the UKPN network.

The project will take advantage of changes to the planning rules to enable the project to proceed under local planning rules and anticipate planning submission in Q2 2021 and connection in Q1 2022.

PACE expects this to be the first of a pipeline of up to 250+MW of stand alone energy storage it is looking to develop in the UK.

This is in addition to the initial 300+MWs of utility scale co-located solar and storage projects in the UK PACE is developing. PACE has a pipeline of over 1GW in evaluation across the UK and its international markets.

Alex Ross, Director of PACE Developments in the UK said, ‘Thanks to the changes to the planning policy PACE has been able to advance this project at this scale. This means we can be providing additional flexibility to National Grid sooner and provide more resilience to enable the connection of additional clean energy across the network’.

Rob Denman, Managing Director of PACE, said, ‘ We are constantly evaluating ways we can provide energy solutions to the grid and this project is the first of a targeted 250MW of stand alone storage in the UK. Our stand-alone storage projects will be developed in parallel to our utility scale solar and solar+storage projects in the UK and internationally - combining the best use of both technologies and enabling PACE to achieve financing at the required return levels’.

For communications related to this announcement:

Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com

For general enquiries about Pathfinder Clean Energy::

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

Introduction

Pathfinder Clean Energy has announced that its internal technical support team will now supply services to third party developers, investors through its new brand PACE Technical

PACE Technical is led by Aitor Larrucea who will provide services to the growing market of investors and stakeholders who are looking to understand and enter the complicated clean energy sector. PACE Technical will continue to provide services to the PACE international project portfolio.

Aitor Larrucea, Technical Director of PACE said ’PACE Technical provides market leading services to PACE and following increasing requests for support from our wider network we have launched PACE Technical so we can provide the benefit of our high level of expertise and experience to a wider market. We can operate this across the world and are not limited to the markets that PACE currently operate (UK, Spain, Canada, Poland).

Rob Denman, Managing Director of PACE, said, ‘PACE Technical is a natural extension of our team’s services to support the wider clean energy market. Over the 4 years since we launched PACE the clean energy market has continued to grow and as new entrants and established players continue to request our support we have launched the PACE Technical brand to enable us to scale up this offering’

Denman added, ‘PACE Technical enables us to optimise our own projects, market developments and make sure our developments and investment process benefits from the latest knowledge on any technical market developments. This is now available to carefully selected partners’.

About PACE Technical - inhouse and third party technical support

PACE Technical - led by experienced renewable energies engineer Aitor Larrucea - provides in-house consultancy, technical and detailed engineering support to PACE’s international projects and also provides services to third-party developers, investors and EPCs.

PACE Technical has extensive experience in executive and detailed engineering design, contract analysis, technical advisory services, construction management services and operational procedure analysis. As well as standard utility scale, self-consumption solar and energy storage projects, the more innovative work includes a private generation grid with solar and storage system with the cooperation of a third party developer on a multi-technology island project combining solar, energy storage, wind, desalination and agriculture.

PACE Technical can provide technical and advisory services including engineering, construction agreements negotiation, construction and quality monitoring, commissioning analysis and O&M procedures.

PACE Technical - Contact: Aitor Larrucea

Tel +44 (0)20 7127 4542

info@pathfinderce.com

Introduction

Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, has completed the community consultation and will shortly submit a planning application for a 25MWp solar farm, its largest UK subsidy-free solar project to date. The proposed ground-mounted scheme is located near Attleborough, 15 miles south-west of Norwich.

The planning submission for Attleborough closely follows applications made by PACE for two other solar projects in Norfolk (at Three Bridges and Burgate (40MWp total), announced 12th October). Subject to planning and financing, Attleborough and the two other projects (totalling 63MWp) are earmarked to enter operation during the second half of next year (2021).

Each of the three projects have the ability to co-locate battery storage.

Alex Ross, Director of PACE Developments in the UK said: ‘Our project pipeline for utility-scale solar in the UK is growing, and where the economics stand-up we will co-locate battery storage. Our three Norfolk projects underline the PACE team’s capabilities in site identification and project design, utilizing the very latest advances in technology.”

“The projects give us a strong platform to grow our UK capacity to 300MW over the next three years, and will complement our current operations and portfolio in Spain and Canada, and in due course Poland.”

Last month, PACE published details of a proposed 47MW solar farm project in Alberta, Canada. This is also scheduled to enter construction during 2021, subject to planning and financing.

Evaluating the advances in solar technologies and design is a key focus of PACE’s technical department in the UK and overseas.

Aitor Larrucea, Technical Director of PACE, said: “PACE is continuously analysing the latest technologies and advances in the solar and cleaqn energy sector. Our target is to exponentially increase the revenues of our projects and continue to innovate as advances are made.”

One example of PACE’s technical approach is the application of bifacial technology for their projects. PACE’s own calculations, drawing from studies by the National Renewable Energy Laboratory, point towards a 9% uplift in electricity production compared to traditional PV technologies.

PACE is also studying the implications of providing flexibility to its electricity generation profile through the storage technology.

Aitor Larrucea added: “In line with International Renewable Energy Agency (IRENA) considerations, we consider energy storage technology directly integrated and communicating with the solar generation asset to be a fundamental part of the future clean energy market.”

Pathfinder Clean Energy (PACE) is an international clean energy developer and investor established in 2017 and currently operating in Spain, Canada and the UK and with ongoing business development in other growth markets.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under PPAs or bids into government auctions.

PACE currently has a development pipeline of over 1GW of solar projects across its international markets. The company also has solar projects at an advanced stage of development in Canada and Spain, and is soon to start development operations in Poland.

PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets.

For communications related to this announcement:

Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com

For general enquiries about Pathfinder Clean Energy::

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

The CAD$52-million solar power project is proposed for a site near the Joffre petrochemical complex in Lacombe County. Development work on the 47-megawatt facility began in 2018 and an application is expected to go to the Alberta Utilities Commission early 2021 with connection before the end of the year.

The project would be built in two phases — 22 megawatts in the first phase and 25 megawatts in the second.

Power generated would go into the provincial electrical grid and reduce carbon dioxide emissions by 47,000 tonnes per year and 1.4 million tonnes over the expected 25-year life of the project.

It is located next to the Nova Chemical petrochemical complex, no formal partnerships have been formed to date.

A number of environmental studies, including breeding bird, raptor nest and fall migration surveys, have been undertaken, along with watercourse and wetland mapping.

Pace Canada LP is also developing a 13-megawatt project in the Hanna area, a nine-megawatt project near Caroline and a six-megawatt project at Youngstown.

All MW references are MW AC.

PACE Canada received coverage in the following local media:

Red Deer Advocate
RDNewsNow

and completes virtual community consultation. Burgate Solar Park will be a 19.5MWp utility scale solar project.

and completes virtual community consultation. Three Bridges Solar will be a 19.5MWp solar project with also the capacity to deploy up to 15MW/30MWh of co-located energy storage.

for development of community generation solar project in Alberta

Rob has extensive experience in the solar sector across financing and asset management. Rob also brings extensive experience of community related financing as PACE explores institutional and innovative financing solutions to enable its projects to operate in increasingly competitive energy markets.

Youngstown is a 10MW photovoltaic project based on a fixed design. PACE Canada LP has completed the individual environmental studies for the project. The Distribution Facility Owner grid offers have been accepted and now listed and advancing in the AESO grid connection queue, the target ISD for Youngstown is September, 2021.

- The fundraising arm for Pathfinder Clean Energy. David has over 10 years investment experience with one of the leading UK clean energy funds and brings experience in origination, transaction, execution, portfolio management and driving investor value across clean energy assets. As the PACE pipeline advances to construction, PACE Capital has been established to fundraise competitive capital to bring the projects through to operation. David is ACA accountancy qualified and based in London.

for industrial self consumption schemes in Spain. This partnership between PACE and Villar Mir will bring together PACE’s local and international technical experience with Villa Mir Energya’s leading position as provider of Power Purchase Agreements in the country.

to support technical and project development. Bristol is the leading city for clean energy in the UK and will provide a base for the company to grow its UK technical support team.

to assist with the development and management of the planning submissions. With PACE’s target to submit over 100MWp of projects in 2020 and an additional 200MWs in 2021 then this addition to the team will assist in the continued growth and success of the development platform. Harmon joins Rob Shaw who has led on the PACE UK planning strategy and implementation.

for its UK clean energy developments. Akshan brings over 8 years of UK clean energy project management and grid experience. He has been involved in clean energy projects for investment and for the manufacturing sector. Akshan leads on technical solutions in the UK and has a Bsc in Renewable Energy.

Joffre is a 60MW photovoltaic project based on a fixed design. PACE Canada LP has completed the individual environmental studies for the project. The Distribution Facility Owner grid offers have been accepted and now listed and advancing in the AESO grid connection queue, the target construction ISD for Joffre is August, 2021.

Dueñas is a 15MW photovoltaic project based on fixed design. PACE along with the local partner has secured the land, agreed the wayleave, obtained a positive pre assessment of Environmental Impact Assessment from Regional Government and also positive preassessment of Planning Permit from Council. Point of Connection is located in a 45kV pole owned and operated by Iberdrola. The POC has been granted by Iberdrola.

on two innovative projects in Cape Verde.These projects will combine solar, Energy Storage, desalination and agriculture and PACE has been appointed to provide technical assistance to the solar and energy storage development.

PACE Spain has obtained EIA approval for its 10MW Magaz utility scale solar project.

to bring utility scale projects through the development cycle and into operation. This partnership will focus on projects in the Castilla y León region.

Engie Fabricom has proven itself as one of the most competitive utility scale solar EPCs in northern Europe and through this partnership with PACE can provide access into the growing Iberian market..

for development of its target of an initial 100MW of utility scale solar projects in the region. The Alberta market is set to show continued and sustainable growth in clean energy with support both regionally and federally.

to expand its involvement in the local solar market. Spain has been a leader in the solar sector and through the establishment of the local office - led by Aitor Larrucea - this will position PACE for its own developments and also provision of technical and local market support to developers and finance houses.

and establish a presence in the North American market.

PACE is pleased to announce Aitor Larrucea has joined the team. Aitor has over 15 years and 600MWp of experience in the renewable sector as Project and Asset Manager for world leading investors, technical advisors and developers. In addition to Aitor’s technical role across all PACE markets he leads on Iberian and LATAM project and business development. Aitor is a qualified electrical engineer.

headquartered in London by Rob Denman and Alex Ross to drive subsidy free clean energy in the UK and internationally. Pathfinder Clean Energy (PACE) builds on the experience of Rob and Alex in subsidised solar in the UK to create a new platform for investment and deployment of clean energy. PACE will be supported by cornerstone investor PBL - the investment vehicle for Rob Denman.