LS Power Completes Financing for Dover SUN Park, Awards Construction Contract

September 23, 2010

NEW YORK, Sept. 22 /PRNewswire/ -- White Oak Solar Energy, LLC (White Oak), a subsidiary of LS Power, has completed project financing for its 10 megawatt Dover SUN Park to be constructed in Dover, Delaware. White Oak's financing was arranged by Union Bank, N.A. White Oak has also executed agreements with SunPower Corporation to design, construct, operate and maintain the solar park. SunPower will install SunPower TrackerĀ® systems and high efficiency SunPower E19 solar panels at the site. The Dover SUN Park will be the first utility-scale solar power plant in the region. White Oak has entered into long-term power purchase and environmental attribute agreements with the City of Dover, Delmarva Power and Light, Delaware Municipal Electric Corporation and the Delaware Sustainable Energy Utility for the full output of the facility.

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