Singapore – 2 August 2017 – Conergy Asia & ME Pte. Ltd. and its subsidiaries (“Conergy” or the “Company”) announced today that certain funds managed by Tennenbaum Capital Partners, LLC (“TCP”) and Goldman Sachs BDC, Inc. (“GSBD”), a business development company managed by Goldman Sachs Asset Management (“GSAM”) have signed a definitive agreement that acquired the Company from Kawa Solar Holdings. The transaction was closed yesterday.

Solution consists of a 13 MWp solar PV array and 1.4 MW/5.3 MWh lithium-ion battery storage; Project marks first and largest grid-connected utility-scale solar-plus-storage project demonstrating grid to islanding functionality in Asia Pacific New Disruptive Models: Moving towards the new-norm of ”solar baseload