Fund I

Ludlow, VT
Initial Investment: 2006

Access Ludlow Clean Energy is developing a 25 MW wood-fired biomass project located in Ludlow, Vermont.

Dallas, TX
Initial Investment: 2005

ASAlliances Biofuels is a development company formed to build three 100 million gallon per year corn to ethanol projects in Linden, Indiana, Albion, Nebraska, and Bloomingburg, Ohio.

USRG sold its ownership interest to Verasun Energy Corporation in 2006.

The Geysers, CA
Initial Investment: 2007

Binkley Holdco is a geothermal resource development company located in northern California.

The Geysers, CA
Initial Investment: 2005

Bottlerock Power is the owner of a 55MW geothermal project located in northern California. The facility sells 100% of its power to Pacific Gas & Electric under a long-term power purchase agreement.

Reno, NV
Initial Investment: 2006

Integral Energy Management is a specialized development and asset management firm that focuses mainly on servicing the geothermal industry.

http://www.iem-llc.com

Sun Valley, CA
Initial Investment: 2004

Penrose Landfill Gas Conversion is a 7.5 MW landfill gas to electricity project located in Southern California. The facility sells 100% of its power to the Los Angeles Department of Water and Power under a long-term power purchase agreement.

Penrose Landfill Gas Conversion was sold to Viridis Energy Capital in 2007.

Santa Rosa, CA
Initial Investment: 2006

ThermaSource provides engineering project management, consultation services and drilling rigs to the geothermal industry.

www.thermasource.com

Sun Valley, CA
Initial Investment: 2004

Toyon Landfill Gas Conversion is a 3.8 MW landfill gas-to-electricity facility located in Southern California. Toyon has a long-term power purchase agreement with Southern California Edison.

Toyon Landfill Gas Conversion was sold to Viridis Energy Capital in 2007.