oEPA

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

PLANT CARL - 28 MW BIOMASS-FIRED POWER PLANT
Project Name: Plant Carl
Developer Name: Sterling Energy Assets, Inc.

Renewable Energy Type: Biomass

Total Planned Megawatt (MW) Size: 28 MWs Phase I:	Phase II:

Project Location: Carnesville, GA

Is the project permitted?: Yes

If not, what is the permit status?:

What is the status of the project's site?: Owned

Have land leases been filed with the county?: Property Tax agreement filed with County

What is the status of interconnection, and have system impact and facility studies been completed?
(Distribution or transmission level projects are both eligible): Yes. Interconnection Agreement
signed.

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, studies
were completed prior to signing of the Interconnection Agreement.

What is the status of the Environmental Impact Statement?: Not required for permitting.

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Is any element of the project - technology or other - experimental or pilot-phase?: Technology - No.
Fuel supply to use chicken litter is pilot phase.


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What is the long- and short-term operations program of the project? Base load generation. Does the
renewable energy technology manufacturer have a technical support team locally available?: Yes.
Boiler manufacture is Babcock & Wilcox.

For wind projects, has a meteorological tower been installed? N/A If yes, when was the tower
installed and how much data has been collected?: N/A

Who has analyzed the data and what is that person's experience with respect to projects that have
actually been financed?: N/A. SEA has over 50 years' experience in the development and financing
of renewable energy and conventional energy plants.

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: Traditional
project finance debt, SEA ownership. Could utilize a REC participation funding tranche as all of
the commodity electricity is being sold to a AA-rated utility.

What are your ideal types of prospective institutions/partners?: Investors seeking long -term, low
risk distributions. Companies wishing to participate in long-term REC arrangements. Life
insurance companies for first mortgage bonds (taxable and tax exempt).

What is the intended off-take for the renewable power with respect to bundled or unbundled
products and is there a preference? Possibly bundled; expected to be unbundled in this case.


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