Media Release: EMC Solar Steps up its Clean Energy Profile

Wednesday, 11 May 2011

EMC Solar Ltd (Energy Made Clean) today announced the appointment of a new director and acquisitions of an interest in HAC Australia Pty Ltd and Clear Energy Pty Ltd, all of which will contribute to EMC’s plan to be a significant player within the clean energy sector.

Alannah MacTiernan joins Board

“Alannah, as a former long serving Minister for Planning and Infrastructure, brings a wealth of experience and a reputation for getting difficult jobs done and we are extremely pleased that she has agreed to take on this role,” said Mr Davidson the company’s CEO.

HAC and Clean Energy Acquisitions

“HAC is a growing business that has established a strong reputation for innovation and project delivery in the clean energy and energy efficiency sectors”, said Mr Davidson.

The investment in HAC provides EMC with access to a talented and experienced team of engineers and project managers to support the rapid growth of EMC’s project pipeline, and provides HAC with the resources and commercial skills required to continue their growth in the professional services industry.

Founded by key leaders of the team that managed Perth’s Hydrogen Fuel Cell Bus Trial, HAC was established in 2007 to help industry and Government prepare for a carbon constrained future.

HAC’s principal offices are located in Melbourne, Perth and Kalgoorlie.

Clear Energy holds a Western Australian electricity retail licence. This acquisition will enable a vertical integration with EMC’s clean energy generation assets, improving the efficiency of electricity trade and lowering the cost of clean energy to EMC’s commercial consumers.

About EMC

EMC is an Australian Federal Government Registered Pooled Development Fund established in 2004 and focused on commercialising opportunities in the clean energy sector via three strategic divisions; Generation, Services and Technology.

Until recently EMC owned Australia’s largest Photovoltaic Solar Systems Integrator which was successfully divested to a NASDAQ listed company. EMC retains a share holding in that company.

One of EMC’s subsidiaries recently signed a $1.7M Federal Government funding agreement to build a solar power station in Carnarvon. Construction is expected to be completed in August this year.