Carlyle/Riverstone Renewable Energy Infrastructure Fund I Acquires Kenansville Biomass Generating Facility

Charlotte, NC – Riverstone Holdings LLC ("Riverstone"), The Carlyle Group and Rollcast Energy Inc. ("Rollcast") announced today that Coastal Carolina Clean Power (CCCP), an affiliate of Carlyle/Riverstone Renewable Energy Infrastructure Fund I, has completed the acquisition of a biomass-fired cogeneration facility in Kenansville, NC from United Cogen Fuels LLC. Rollcast will manage the facility under a long term management contract on behalf of CCCP.

The facility was originally coal-fired and has been converted to burn wood waste that otherwise would end up in landfills. CCCP expects to produce more than 200,000 megawatt hours per year of base load renewable power – enough energy on average to supply electricity to more than 16,000 North Carolina homes. By utilizing wood as its fuel source, the facility produces less sulfur dioxide, carbon dioxide and nitrogen oxides than a typical coal fired facility. In addition, the use of wood for fuel will support job creation in the North Carolina forest products industry. The facility provides electricity under a long term contract to Progress Energy and steam to an adjacent Guilford Mills carpet plant.

"Working with Riverstone to acquire this facility will benefit the citizens of North Carolina," said Penn Cox, president of Rollcast. "The facility will continue to provide significant economic benefits to the local community."

"We are very excited to partner with Rollcast. This project will generate low cost power and steam for local use and demonstrates that renewable energy can and will have a growing impact on the energy mix in the U.S. and around the world." Stephen Schaefer, Riverstone managing director said.

Rollcast Energy, Inc.
Rollcast Energy Inc. acquires, develops and operates renewable energy and other independent power assets. The Rollcast team has experience in all aspects of independent energy development and acquisition and has a particular focus on renewable energy projects. Rollcast follows a disciplined approach to find energy investment transactions that combine manageable risks, stable cash flows and attractive upside potential. For more information, please visit www.rollcastenergy.com/