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