i i xvEPA GREEN POWER PARTNERSHIP Aligning Green Power Partners with New Renewable Energy Projects Pilot Project Summary Please return the completed summary via email to Blaine Collison, Green Power Partnership Director, collison.blaine@epa.gov / 202-343-9139 Project Name: Future Generation Wind Developer Name: Future Generation Wind, LLC. Renewable Energy Type: Wind Total Planned Megawatt (MW) Size: 8MW Phase I: Phase II: Project Location: Plymouth, MA Is the project permitted?: Yes If not, what is the permit status?: N One appeal on a special permit for one of four turbines pending, getting close to settlement. The permitting story is very good for this project. What is the status of the project's site?: The project is sited on a Mann Farms, Orcranics, Inc., is a grower/owner of Ocean Spray, Inc. The owner of the site is has stake in the project development company. The project has the potential to be a real strong public relations target for a commercial offtaker. These parties are part of the project team - Clear Planet Energy - San Francisco, CA - Development lead, over 900 MW spinning and several GW of development lead or managed SourceOne, Inc. - Boston, MA - Interconnection, power marketing, financial modeling, and project management support Altantic Design Engineers, Inc. - Sandwich, MA - Engineering design, layouts, and permitting V-Bar, LLC-Salt Lake City, UT-Wind analysis Klavens Law Group - Boston, MA - Project counsel Have land leases been filed with the county?: Private land ownership - No. The sponsor is the owner of the land, but there are land leases which will be formalized prior to operation. ------- What is the status of interconnection, and have system impact and facility studies been completed? (Distribution or transmission level projects are both eligible): NE-ISO SIS complete, no issues. Interconnect at distribution voltage into NSTAR Valley Substation, 115k.V See more details below. 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?: NE-ISO System Impact Study complete, no impacts. Local distribution System Impact Study is done with NSTAR, we should have it delivered to us next week. Yes we have a electrical and interconnection budget. The goal is to get an Interconnection Study Agreement (including costs and timeline) done in July with NSTAR. What is the status of the Environmental Impact Statement?: All permitting including environmental is complete. There was no EIS as no federal nexus. State permitting is all complete and clear. 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?: 5 year min O&M from the manufacturer, with availability guarantees, extendable up to 10 years or longer. Yes. For wind projects, has a meteorological tower been installed? If yes, when was the tower installed and how much data has been collected?: Yes, 1.5 years ago. Average wind speeds average 6.8 m/s at 100m, predominately out of SW Who has analyzed the data and what is that person's experience with respect to projects that have actually been financed?: V-Bar, LLC. They have sited and analyzed data from hundreds of projects worldwide Can the turbine manufacturer be financed through "traditional" tax equity and debt in the U.S.?: Financing based on the Section 1603 ITC cash grant (30% of project cost back 60 days after COD) Provide a short summary of how you view project finance and structure/ownership: Offtake counterparty projected as investment grade, with standard project financing structures, more information can be provided as required. What are your ideal types of prospective institutions/partners?: Power and REC output is being marketed to credit worthy corporate, municipal, other large public off- takers ------- What is the intended off-take for the renewable power with respect to bundled or unbundled products and is there a preference? Buyers have an option: (a) Discount on power that floats with the net metering tariffs; or, (b) Low fixed price for the electricity (with escalation for inflation). RECs may be bundled or sold separately. ------- |