Hello Everyone,

In this February 2014 edition of Watts Current, we share highlights from our recent Investor Update--which you can view in its entirety on our website--including more information on dividend payments. The update also reports our progress in moving the FIT 2 projects towards commercial production and applying for the FIT 3 round of OPA contracts.

The solar sector continues to grow and innovate, which you can learn about through the industry news reports we've shared in this edition.

I hope you enjoy this month's Watts Current. Please contact me anytime with questions or concerns.

Matt Wayrynen

President & CEO

604.682.3701

Mattw@solarflowthrough.com

E-Newsletter from Solar Flow-Through Limited Partnership

February 2013

Solar Flow-Through Meeting Investment Objectives in 2014

Solar Flow-Through and its network of partners experienced a remarkable year of success in 2013. We are committed to maintaining that forward momentum in the year ahead.

Following the awarding of FIT 2 projects by the Ontario Power Authority (OPA) in July 2013, Solar Flow-Through and our partners have been conducting rooftop assessments and obtaining engineering reports and project designs. These assessments and reports are required to obtain the approvals and building permits that will allow construction to begin.

Construction is scheduled to commence Q2 2014 followed by commissioning and connection to the electrical grid. All projects are scheduled to be completed, operating and generating cash flow in 2014.

2012 LP quarterly dividend payments begin in April 2014

The main investment objective of the 2012 Limited Partnership (LP) was to develop and operate Ontario-based solar power generation projects that provide investors with a targeted income distribution of 8% per annum once those projects became commercial operations. Since raising $2,857,000 in December 2012, significant progress has been made towards meeting that objective.

Solar Flow-Through is pleased to report that distributions for the 2012 LP will begin accruing on February 1, 2014, and 2012 LP investors will be paid the first quarterly dividend payment in April 2014. Distributions will continue to be paid quarterly for the life of the OPA FIT 2 contracts. Over the next twenty years, 2012 LP investors can anticipate a steady income stream from their solar investments.

More than 150 FIT 3 Contracts submitted to the OPA

In addition to the existing FIT 2 projects awarded, the 2012 LP in conjunction with the Solar Flow-Through 2013-I Limited Partnership has submitted more than 150 applications to the OPA for future FIT 3 contracts. The awarding of FIT 3 contracts is expected May 2014. Projects that receive FIT 3 contracts are anticipated to be operational in 2015.

Global Solar Industry Forecast Shows Rebound in 2014

IHS is forecasting a rebound year for the global solar industry in 2014. The research firm cites double-digit growth in worldwide PV installations, a recovery in solar manufacturing capital spending and stabilizing module prices as major factors in a strengthening market.

Global PV installations are expected to be in the range of 40 to 45 GW. Capital spending by PV parts producers is set to rise 42 percent to $3.3 billion in 2014. PV module prices are expected to decline over the long-term, to fall by more than 40 percent in 2020 compared to 2013.

Ontario Continues to Invest in Homegrown Solar Industry

The Province of Ontario is investing $4 million in Solantro Semiconductor Corporation through the Innovation Demonstration Fund. The company is working to bring to market made-in-Ontario technology that will improve the energy production of solar panels while making them cheaper to design and install. Cleantech Canada reports that embeded solar capacity in Ontario is expected to reach 780 MW by May 2015.

Another Business to Reap the Benefits of Solar Power with Help from Ontario's FIT Program

Strategic Storage Trust, Inc. (STTI) has received contracts from the Ontario Power Authority's FIT program to install solar panels at its Brampton, Mississauga and Toronto facilities by autumn 2014. SSTI will install 250 AC units or 300 DC units on each of its three Canadian facilities, generating approximately one million kilowatt hours of renewable solar energy annually. The extra generated energy will be sold at a rate of 54 cents per kilowatt.

"We decided to implement our 'green' strategy in Canada due to Ontario's amazing FIT program," said H. Michael Schwartz, chairman and CEO of SSTI.

An Innovative Way to Invest in Canada's Growing Solar Industry

Solar Flow-Through Limited Partners offers Canadian Accredited Investors an innovative vehicle for investing in Canada's burgeoning solar power industry. Based on the Flow-Through concept for mineral exploration, Solar Flow-Through Limited Partnerships provide the same income tax deduction benefits as those of mineral exploration in Canada. Please contact me directly or visit us at www.solarflowthrough.com

Matt Wayrynen

President & CEO

mattw@solarflowthrough.com

Did you know?

Solar energy demand has grown by an average 30% per annum over the past 20 years against a backdrop of rapidly declining prices and gains in efficiency of solar cells.

With tax incentives, solar electricity can often pay for itself in five to ten years. Incentive programs led by national or state/provincial governments allow customers/investors to gain a financial return on the PV system by selling solar electricity at preferential rates.

The Ontario Power Authority is promoting greater use of renewable energy such as solar PV for electricity generation in the province through its successful Feed-in-Tariff program.

Solar Flow-Through | | news@solarflowthrough.com | Suite 900, 570 Granville St, Vancouver, BC V6C 3P1