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The San Jacinto - Tizate Geothermal plant is located in northwestern Nicaragua, in the sire of San Jacinto, municipality of Telica, 20 km from the city of Leon.

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Emerald Solar Energy SRL (“Emerald”) is Polaris Renewable Energy Inc.’s newest subsidiary recently acquired in June 2022. Emerald operates the Canoa I Solar Park (the “Canoa I”) located in the Barahona Province, Dominican Republic.

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In March 2022, Polaris closed a transaction with a Panamanian developer to construct, own and operate two solar plants totaling 10 MW (the “Solar Projects”) located in the village of Vista Hermosa, Corregimiento de Pueblos Unidos, Aguadulce district, Coclé Province.

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Hidroelectric San Jose de Minas S.A. “San Jose de Minas”, is Polaris Renewable Energy Inc.’s newest subsidiary recently acquired in September 2022.

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Through its subsidiary Generación Andina SAC, the Company owns 8 de Agosto, a Run of River hydroelectric operation located in the town of Aucantagua, in the District of Monzon in the Department of Huanuco.

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Through its subsidiary Generación Andina SAC, the Company owns El Carmen, a Run of River hydroelectric operation located in the town of Maravillas, in the District of Monzon in the Department of Huanuco.

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Through its subsidiary Empresa de Generación Electrica SAC, the Company owns Canchayllo, a Run of River hydroelectric operation located in the city of Juajo, valley of the District of Canchayllo.

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