Intersect Power Contracts 150 MW with Austin Energy for West Texas Solar Power Plant

SAN FRANCISCO–(BUSINESS WIRE)–Intersect Power, a utility-scale power development company, today
announced the award of a power purchase agreement from Austin Energy for
a 150 MWac photovoltaic solar project expected to reach commercial
operation in 2020.

Intersect Power, through its IPREH joint venture with Macquarie
Infrastructure Corporation (NYSE: MIC), is developing this 150 MWac
project with the capacity to upsize to 180 MWac. Located in West Texas,
Intersect Power has an approximate 1700 acre land lease and ERCOT
interconnection for this project.

“The Intersect Power team has a strong track record of delivering on
cost effective solar power,” said Sheldon Kimber, CEO and Co-Founder,
Intersect Power. “Our expertise in development, design, supply chain and
financing allows us to develop projects with compelling economics and
this project showcases that capability.”

“This purchase power agreement not only gets us closer to achieving the
City’s renewable energy goals, but it’s also a good deal for our
customers,” said Jackie Sargent, Austin Energy General Manager. “I am
pleased that we can pursue this affordable project and continue to
demonstrate economic and environmental leadership on behalf of our
community.”

“We are delighted to partner with Austin Energy on this high quality and
thoughtfully developed project, bringing competitively priced power to
the City of Austin,” said Luke Dunnington, COO and Co-Founder, Intersect
Power.

Building on nearly a decade of utility-scale solar development, the
Intersect Power team has the creativity and energy market sophistication
to deliver innovative solutions that address customers’ rapidly evolving
needs. The team continues to develop partnerships across the full supply
chain, expand greenfield pipeline, and aggressively pursue acquisition
of early development assets.

About Intersect Power

Intersect Power is an infrastructure development company bringing
utility-scale power to wholesale customers and markets, delivering value
and viability to both energy buyers and financiers. Currently focused on
"greenfield" solar and storage project development, Intersect Power’s
functional expertise spans all development disciplines including site
acquisition, permitting, interconnection, origination, engineering,
procurement, construction and finance. Intersect Power is actively
developing more than 1000MWp of early stage projects across the U.S. For
more information: http://www.intersectpower.com

About Macquarie Infrastructure Corporation

Macquarie Infrastructure Corporation owns, operates and invests in a
diversified group of infrastructure businesses providing basic services
to customers in the United States. Its businesses consist of a bulk
liquid terminals business, International-Matex Tank Terminals, an
airport services business, Atlantic Aviation, a gas processing and
distribution business, Hawaii Gas, and several entities comprising a
Contracted Power and Energy segment. MIC is managed by a wholly-owned
subsidiary of the Macquarie Group. For additional information, please
visit the Macquarie Infrastructure Corporation website at www.macquarie.com/mic.

Contacts

Intersect Power
Cate Powers, 415-939-3589
[email protected]