V xvEPA GREEN POWER PARTNERSHIP9 Aligning Green Power Partners with New Renewable Energy Projects Pilot Project Summary Project Name: Locust Ridge II Developer Name: Iberdrola Renewables, Inc. Contact Information: George M. Drosdowich, gdrosdowich@iberdrolaren.com Renewable Energy Type: Wind Total Planned Megawatt (MW) Size: 32 (remaining) Phase I: 18 Phase II: 102 Project Location: in Schuylkill and Columbia Counties, PA. Is the project permitted?: Fully If not, what is the permit status?: Project commercially operating since Late Fall 2009 What is the status of the project's site?: Project commercially operating since Late Fall 2009 Have land leases been filed with the county?: Yes What is the status of interconnection, and have system impact and facility studies been completed? (Distribution or transmission level projects are both eligible): Yes 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?: Completed 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?: O&M totally managed by Iberdrola Renewables. For wind projects, has a meteorological tower been installed? If yes, when was the tower installed and how much data has been collected?: Minimum 3 years often longer. ------- Who has analyzed the data and what is that person's experience with respect to projects that have actually been financed?: We have a sizable meteorological department with decades of experience testing and building billions of dollars worth of projects. Can the turbine manufacturer be financed through "traditional" tax equity and debt in the U.S.? Iberdrola Renewables Inc., self finances all projects. Provide a short summary of how you view project finance and structure/ownership: Iberdrola Renewables Inc., self finances all projects. We build with a long term view of holding the assets. What are your ideal types of prospective institutions/partners?: Large end-users, retail providers, Public Utilities, Munis, and Co-Ops. What is the intended off-take for the renewable power with respect to bundled or unbundled products and is there a preference? Preference is for a bundled product but we have flexibility. ------- |