BUILDING A SUSTAINABLE TOMORROW HOME PROJECTS DEVELOPMENT TEAM CAREERS CONTACT 3/23/2021 - Energy Capital Partners and First Sentier Investors are Terra-Gen's financial sponsors On December 31, 2020, Terra-Gen’s equity owner, ECP, a private equity and credit investor focused on power generation, renewable, environmental and sustainability investments, closed on a 40% sale of its interest in the company to funds managed by First Sentier Investors (“FSI”), a global asset manager based in Australia that manages direct infrastructure investments across multiple sectors. In February 2021, and in accordance with a contractual right to purchase incremental interests, FSI entered into an agreement to acquire an additional 10% of Terra-Gen. This incremental acquisition will increase FSI’s stake in Terra-Gen to 50%. Immediately following the announcement of the initial FSI transaction in August 2020, ECP launched fundraising for a new ECP-managed vehicle (the “Continuation Fund”) to acquire the remaining interest in Terra-Gen, which will be done through a structured secondary transaction. In February 2021, the Continuation Fund entered into an agreement to acquire ECP’s current 50% stake in Terra-Gen. Both transactions (the upsize in FSI’s equity purchase as well as the Continuation Fund’s acquisition of the remaining 50% of Terra-Gen) are expected to close on or around March 31, 2021. With the FSI and ECP Continuation Fund transactions, Terra-Gen will now have access to the necessary capital support to fund the company’s ambitious growth program, including solar + storage projects. On December 31, 2020, Terra-Gen’s equity owner, ECP, a private equity and credit investor focused on power generation, renewable, environmental and sustainability investments, closed on a 40% sale of its interest in the company to funds managed by First Sentier Investors (“FSI”), a global asset manager based in Australia that manages direct infrastructure investments across multiple sectors. In February 2021, and in accordance with a contractual right to purchase incremental interests, FSI entered into an agreement to acquire an additional 10% of Terra-Gen. This incremental acquisition will increase FSI’s stake in Terra-Gen to 50%. Immediately following the announcement of the initial FSI transaction in August 2020, ECP launched fundraising for a new ECP-managed vehicle (the “Continuation Fund”) to acquire the remaining interest in Terra-Gen, which will be done through a structured secondary transaction. In February 2021, the Continuation Fund entered into an agreement to acquire ECP’s current 50% stake in Terra-Gen. Both transactions (the upsize in FSI’s equity purchase as well as the Continuation Fund’s acquisition of the remaining 50% of Terra-Gen) are expected to close on or around March 31, 2021. With the FSI and ECP Continuation Fund transactions, Terra-Gen will now have access to the necessary capital support to fund the company’s ambitious growth program, including solar + storage projects.