[< SEPA GREEN POWER PARTNERSHIP" Aligning Green Power Partners with New Renewable Energy Projects Pilot Project Summary Project Name: Cody Road Wind Farm Developer Name: Green Power Energy, LLC Contact Information: David Senehi, davidsenehi@localnet.com Renewable Energy Type: Wind Total Planned Megawatt (MW) Size: 10 MW Project Location: Fenner, NY Is the project permitted?: Yes If not, what is the permit status?: NA What is the status of the project's site?: It is ready for construction Have land leases been filed with the county?: No but agreements are in place and they can be filed anytime What is the status of interconnection, and have system impact and facility studies been completed? (Distribution or transmission level projects are both eligible): Interconnection study has been signed and all system studies have been completed Does the transmission owner (TO) or independent system operator (ISO) have a process to study the project's impact on the local or regional grid and the subsequent cost to interconnect?: Yes What is the status of the Environmental Impact Statement?: It has been completed and reviewed been permitting was established. Is any element of the project - technology or other - experimental or pilot-phase?: No What is the long- and short-term operations program of the project? Does the renewable energy technology manufacturer have a technical support team locally available?: Green Power plans to operate the facility with one on-site operations manager for an indefinite period including after all tax incentives and funding payments are completed. There is a near by operations company maintaining an adjacent facility but at this time there are no plans to contract them. For wind projects, has a meteorological tower been installed? If yes, when was the tower installed and how much data has been collected?: A meteorological tower has been on site since 1/15/07. ------- Who has analyzed the data and what is that person's experience with respect to projects that have actually been financed?: Global Energy Concepts who has reviewed all of Clipper's projects and Windguard who has been the advising experts on world wide projects. As a side note although extensive wind data is available it should be said that this facility will be located next to an existing facility that has been in operation for 10 years + and has been averaging approximately 30% capacity continuously. Can the turbine manufacturer be financed through "traditional" tax equity and debt in the U.S.?: Yes Provide a short summary of how you view project finance and structure/ownership: A "flip" deal with a tax equity investor coupled with bank financing. What are your ideal types of prospective institutions/partners?: A customer that can use all the power and the New York State RECs and is willing to sign a bilateral agreement through the ISO (they need to be a market participant in the NYISO to do this) What is the intended off-take for the renewable power with respect to bundled or unbundled products and is there a preference? It would be preferred to be a bundled deal but the project will produce approximately 26,700 MWH annually along with the same number of NYS RECs. ------- |