Press Release

Connectgen South Ripley Solar Project Permit Application Deemed Complete By New York State Office Of Renewable Energy Siting

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April 26, 2022 (Houston, TX) – ConnectGen announced today that the application for its proposed South Ripley Solar Project has been deemed complete by the New York State Office of Renewable Energy Siting (ORES). The South Ripley Solar Project is a proposed 270 MW solar facility with a 20 MW battery energy storage component under development in the Town of Ripley and Chautauqua County, New York.

“This is an exciting milestone for the South Ripley Solar Project, following years of comprehensive surveys and dedicated public outreach,” Caton Fenz, Chief Executive Officer of ConnectGen said. “We want to thank the ORES staff, who invested a tremendous amount of effort to reviewing our application, and we are excited for the opportunity to help New York State further its ambitious energy goals while bringing long-term economic development to the western part of the state.”

Determination of application completeness is a key step towards final permit approval under the renewable energy siting process established by Section 94-c of Executive Law. The next steps are for the South Ripley Solar Project to receive a draft permit, which involves further state agency review, followed by additional public participation prior to final permit issuance.

The South Ripley Solar Project will provide significant long-term benefits to the Town of Ripley and Chautauqua County for several decades. Through the approved PILOT and Host Community Agreements, the Project is expected to contribute over $60 million in increased revenue to local taxing jurisdictions over its 30-plus year lifespan. In addition, the Project is expected to create up to 200 family-wage construction jobs as well as supply enough electricity to power more than 55,000 average New York homes annually. The Sierra Club Atlantic Chapter recently endorsed the Project after a thorough review of the Project’s wildlife impact mitigation practices and community benefits.

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ABOUT CONNECTGEN

ConnectGen is a multi-technology renewable energy platform dedicated to best-in-class greenfield development, origination, execution and operations. ConnectGen has 139 net MW in operations and a portfolio of over 20,000 MW of wind, solar and energy storage projects in development across the United States. For more information, please visit www.connectgenllc.com. ConnectGen is a subsidiary of 547 Energy, Quantum Energy Partners’ clean energy platform company.

ABOUT QUANTUM ENERGY PARTNERS / 547 ENERGY

547 Energy aims to maximize value for its investors by partnering with leading entrepreneurs who are driving growth in the clean energy economy. To date, 547 Energy has invested in ConnectGen LLC, BlueFloat Energy LLC, Aer Soleir LLC, NetOn LLC and certain affiliates of ENORA S.A. 547 Energy was founded and is led by industry veteran Gabriel Alonso and is backed by Quantum Energy Partners, a leading provider of capital to the global energy industry. For more information on 547 Energy, please visit www.547energy.com, email info@547energy.com, or contact Travis Salinas at tsalinas@547energy.com.

Founded in 1998, Quantum Energy Partners is a leading global provider of private equity, credit, structured capital and venture capital to the responsibly sourced energy and energy transition & decarbonization sectors (what we call the “Sustainable Energy Ecosystem”), having managed together with its affiliates more than $18 billion in capital commitments since inception. For more information on Quantum, please visit www.quantumep.com or contact Michael Dalton at +1-713-452-2110.

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