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

WIREGRASS SOLAR II and III - 1 MW and 7 MW SOLAR PV PLANTs
Project Name: Wiregrass Solar II and III
Developer Name: Sterling Energy Assets, Inc.

Renewable Energy Type: Solar PV

Total Planned Megawatt (MW) Size:7 MWs Phase I: 240 KV (completed) Phase II: 1 MW (in

development) Phase III: 7 MWs (in development)

Project Location: Valdosta, GA
Is the project permitted?: Yes/No

If not, what is the permit status?: Ph 1 and II permitted (local building permit), Ph II applied for.
What is the status of the project's site?: Lease-to-Purchase
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): Ph I: Yes. Interconnection Agreement
signed. Ph II - Studies complete, IA pending; Ph III - applied for/expansion of Phases.

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?: Not required for permitting.

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Is any element of the project - technology or other - experimental or pilot-phase?: Technology - No.


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What is the long- and short-term operations program of the project? Day-time generation. Does the
renewable energy technology manufacturer have a technical support team locally available?: Yes.

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.?: N/A

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 if
electricity sale is unbundled from Solar RECs. Local utility is obligated to buy commodity
electricity under QF rules.

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? Preferred bundled; may be unbundled in this case.


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