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