W Power Completes Sale of the Nicolis, LLC and Tropico, LLC Solar Projects to Coronal Tulare, LLC, and An Entity of the Panasonic-Coronal Group Strategic Partnership.

December 30, 2015

Sacramento, CA – W Power, a California based owner and operator of power generation facilities announced today the closing of the sale of two solar generating facilities located in Tulare, CA. The Nicolis facility, with a rating of 20 mw’s and the Tropico facility with a rating of 14 mw’s were both sold to Coronal Tulare, LLC, a Panasonic-Coronal Group entity.   While the terms of the purchase and sale remain confidential, both parties will gain significant benefits from the transaction. “We are very pleased with this deal. It underscores the value being created in our development pipeline and creates liquidity to focus on some of the more strategic and mature developments in our portfolio”, said Kara Miles, President of W Power. W Power is a California certified woman-and-minority owned business enterprise (“WMBE”) focused on doing business in California’s energy industry.  W Power develops, builds, owns and operates community energy reliability centers (CERC).