Grid Essence Holdings Ltd. Completes GBP 77 Million Financing With Deutsche Bank AG

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Grid Essence Holdings Ltd. and its wholly-owned subsidiary Grid Essence UK Ltd
("Grid Essence") today have announced that the company has entered into a GBP 77
million financing facility with Deutsche Bank AG to build solar projects (the
"Facility") in the United Kingdom. 


The Facility will be utilized by Grid Essence to acquire and build up to an
aggregate of 60 MW of fully permitted solar projects in the south of England
under the Renewable Obligation Certificates ("ROC") regime issued by the UK
Department for Energy and Climate Change (the "Projects"). Construction of the
Projects is anticipated to start immediately, with the majority of projects to
be connected to the power grid by the end of March, 2014. Upon completion, these
solar power plants will generate 58 GWh of electricity every year covered by
strong performance guarantees for the life of the solar plants. The Facility is
available to Grid Essence until September, 2014 at which time Grid Essence
intends to replace the facility by a long term project finance loan. 


Steve Bourbonnais, the Co-Founder & Chief Executive Officer of Grid Essence,
commented that "We are honored to have Deutsche Bank as our financing partner in
this critical construction phase. This facility represents a key milestone that
enables Grid Essence to realize its UK 1.6 ROC and 1.4 ROC Projects. Once
connected to the grid, these solar power plants will put us on course to reach
our operating megawatt targets for 2014 and positions Grid Essence to deliver
sustainable growth for our shareholders". 


About Grid Essence

Grid Essence (www.gridessence.com) was established to become an independent
power producer producing energy from 100% Renewable Energy Sources ("RES"). Grid
Essence's mission is to own and operate at least one gigawatt of renewable
energy producing plants within the next 5 years, initially focusing on solar
generation. Grid Essence wishes to build a solid platform as a RES power
producer to take advantage of the upside offered by evolving renewable energy
technologies such as energy storage.


Grid Essence currently has 60 megawatts ("MW") of photovoltaic ("PV") projects
under construction, 22.5 MW of operating PV and circa 20 MW of ready to build PV
projects under contract. In turn, management has developed an impressive
pipeline of solar projects in the UK, France, and Italy to support its ambitious
growth plan, which also includes the acquisition of selected operating PV
plants.


Further Information

All information contained in this news release with respect to Grid Essence was
supplied by the parties respectively, for inclusion herein, and each party and
its directors and officers have relied on the other party for any information
concerning the other party.


For further information regarding the Transaction, please contact the undersigned.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain "forward-looking statements" under applicable Canadian
securities legislation. Forward-looking statements include, but are not limited
to, statements with respect to: the terms and conditions of the proposed
Transaction; future exploration and testing; use of funds; and the business and
operations of the Resulting Issuer after the proposed transaction.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual results and
future events to differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not limited to:
general business, economic, competitive, political and social uncertainties;
delay or failure to receive board, shareholder or regulatory approvals; and the
results of current exploration and testing. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. Zidane
and Grid Essence disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Grid Essence Holdings Ltd.
Charles Savva
Director
+357.22.516.671
+357.22.516.672 (FAX)
cs@gridessence.com
(TSXV:PV)
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