SEPA GREEN POWER PARTNERSHIP'1 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: Midland Wind Farm Developer Name: Iberdrola Renewables LLC. Contact: Jesse Bermel, (503) 724- 2483 or ibermel@iberdrolaren.com Renewable Energy Type: Wind Total Planned Megawatt (MW) Size: 104 Phase I: 104 Phase II: N/A Project Location: Henry County, IL Is the project permitted?: Yes, Henry County If not, what is the permit status?: Project is permitted to begin construction What is the status of the project's site?: Preconstruction pending PPA Have land leases been filed with the county?: Yes for complete project What is the status of interconnection, and have system impact and facility studies been completed? (Distribution or transmission level projects are both eligible): System Impact Study is complete, Facility Study anticipated to be completed within 1 year. Project could commence construction with execution of an ISA if needed. [< 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 - in process ------- What is the status of the Environmental Impact Statement?: No BIS is needed for this site. All required pre-permit approval studies completed, and plan to complete pre-construction permitting in coordination with planned start of construction. 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? The project could be operational by the end of 2013. The Developer is currently operating a 72 MW project about 45 minutes away (the Providence Heights Wind Farm). For wind projects, has a meteorological tower been installed? If yes, when was the tower installed and how much data has been collected?: Wind resource measured over 6 years from five (5) 60m met towers and SODAR. Who has analyzed the data and what is that person's experience with respect to projects that have actually been financed?: Site data analyzed by the Iberdrola staff meteorologists who have been successful in certifying 5,000 MW of wind power in the USA. 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: Iberdrola Renewables would likely self finance this project. Minority shares of equity in projects can be made available as well as tax equity participation in other projects. What are your ideal types of prospective institutions/partners?: Sophisticated organizations who have the desire to hedge their long term energy and carbon risk; who can contract for at least 20,000MWH/yr for at least 5 to 20 years. ------- What is the intended off-take for the renewable power with respect to bundled or unbundled products and is there a preference? We have a preference for bundled off-take but we are flexible. ------- |