SolarReserve Appoints Pauline E. Doohan As Vice President And General Counsel

SANTA MONICA, Calif., Oct. 7, 2014 /PRNewswire/ -- SolarReserve, a leading global developer of large-scale solar power projects and advanced solar thermal storage technology, today announced the appointment of Pauline Doohan as SolarReserve's Vice President and General Counsel. Doohan brings more than 20 years of experience as a practicing attorney to her role at SolarReserve. Having been a partner at major US law firms as well as in-house counsel, Doohan's practice encompasses finance, corporate and commercial matters, with a specialty in energy and infrastructure-related transactions.

"Pauline's background spans a broad spectrum of legal areas, with extensive experience working in the renewable energy sector," said Kevin Smith, CEO of SolarReserve. "Her expertise is a great match for SolarReserve's business and growth objectives and will help us as we seize the enormous development opportunities that exist in today's global solar energy market, and set a trajectory for greater levels of future growth and success."

Doohan joined SolarReserve from Baker & McKenzie where she was a partner negotiating infrastructure and renewable energy transactions, including several that were awarded "Deal of the Year" awards from Project Finance Magazine/Project Finance International.   Doohan's experience in the energy sector began when she was in-house counsel for MCN Energy, the public utility holding company for Michigan Consolidated Gas Company.

Doohan is a cum laude graduate of the Honors College at Michigan State University and a cum laude graduate of Wayne State University Law School. A past member of the American Bar Association's Renewable Energy Subcommittee, Doohan has been a frequent lecturer on renewable energy and infrastructure topics. She is admitted to practice law in both California and Illinois.

About SolarReserve
SolarReserve, LLC – headquartered in Santa Monica, California – is a leading developer of utility-scale solar power projects and advanced solar thermal technology with more than $1.8 billion of projects in construction and operation worldwide. SolarReserve has commercialized the world's leading solar thermal energy storage technology with the capability to deliver clean, reliable electricity "on demand" at any time, day and night, whether or not the sun is shining.  This game changing technology enables the company's solar thermal (CSP) power plants to operate 24/7, providing a stable and predictable electricity product similar to that of conventional fossil fuel-burning power facilities, but without the associated harmful emissions and without any fuel costs.

SolarReserve's experienced team of power project professionals has assembled an extensive 5,000 MW worldwide development portfolio of large-scale solar projects. The company's balanced portfolio of power projects includes advanced solar thermal technology (CSP), photovoltaic (PV) technology, and hybrid (combined CSP and PV) solutions that can provide 24-hour solar energy that is cost competitive with conventional energy sources.

SolarReserve's 110 MW Crescent Dunes Solar Energy Plant located in Nevada is the first utility-scale facility in the world to feature advanced molten salt power tower energy storage capabilities.  The project, currently in the commissioning phase, will generate more than 500,000 megawatt-hours per year and includes 10 hours of full-load energy storage. This annual output is more than twice that of other technologies per MW of capacity, such as photovoltaics (PV) or direct steam solar thermal.  The storage technology also eliminates the need for any backup fossil fuels, such as natural gas, which are needed with other technologies to keep the system going during times of little or no solar resource. Nevada's largest electric utility, NV Energy, will purchase 100 percent of the electricity generated under a 25-year power purchase agreement.

The SolarReserve team is adept at developing large scale projects internationally including three PV projects, totaling 246 MW of generation capacity, in construction and operation in South Africa.  The Lesedi and Letsatsi Projects, totaling 150 MW-DC of installed capacity, came on-line in May 2014 and are capable of powering more than 130,000 South African homes with clean energy. The projects were selected as the "African Renewable Energy Deal of the Year" by Project Finance Magazine in 2012.  The 96 MW Jasper power project, slated for completion in 2014, is one of the largest solar installations on the continent.

In addition to its headquarters in the US, SolarReserve has offices in Spain, Chile, South Africa, Turkey, Australia and the United Arab Emirates, with activities underway in the Middle East, Africa, Australia, China and Latin America.

U.S. Media Contact: Mary Grikas, SolarReserve, +1.310.315.2274, [email protected]

For more information: www.SolarReserve.com

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SOURCE SolarReserve

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