[< SERA GREEN POWER PARTNERSHIP Aligning Green Power Partners with New Renewable Energy Projects Pilot Project Summary Project Name: Chilocco Wind Farm Developer Name: PNE Wind USA, Inc. Contact: Arthur Roden, arthur.roden@pnewind.com Renewable Energy Type: Wind Total Planned Megawatt Size: 153 Phase I: 76.5 Phase II: 76.5 Project Location: Kay County, Oklahoma Is the project permitted?: No. If no, what is the permit status?: Final permitting stage. What is the status of the project's site?: Project site surveyed and ready for development, currently utilized for agriculture. Have land leases been filed with the county?: No What is the status of interconnection, and have system impact and facility studies been completed? (Distribution or transmission level projects are both eligible): Grid interconnection secured. Facility Study 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, the transmission operation required market registry for all potential projects and performs studies relating to system upgrade costs. Environmental Impact Statement status: Underway Is any element of the project - technology or other - experimental or pilot-phase?: Large scale renewable energy project on tribal fee and trust land incorporating the cooperation of five separate Native American tribes collectively. 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?: Long term PPA allows for the creation of Operation and Maintenance employment opportunities. Short term construction will infuse the area with millions of dollars in direct and indirect benefits. Manufacturer has projects within region and is promptly available for technical support of equipment. For wind projects, has a meteorological tower been installed, and when was the tower installed/how much data has been collected?: Yes, over seven years of data has been gathered via three MET tower and one SODAR. Who has analyzed the data and what is that person's experience with respect to projects that have actually been financed?: Wind data analyzed by top tier analysis firm. Firm is the finance industry standard in wind resource analysis. Can the turbine manufacturer be financed through "traditional" tax equity and debt in the U.S.?: Yes, both forms of finance are applicable. ------- Provide a short summary of how the project views project finance and structure/ ownership: Ownership structure should be simple yet effective and responsible. In instances where the owner might not be able to fulfill certain obligations, a qualified third party needs to be employed for the security of the project. For this particular project, tax equity is being utilized as we felt it best way to generate returns for the project itself. What are your ideal types of prospective institutions/partners?: We look for partners that are willing to deal with tribal issues and are able to quickly work through progressively changing project dynamics. Other developers are usually the most apt partners. ------- |