V* SEPA t iGREEN L ™ POWER mm PARTNERSHIP RE-Powering America's Land Project Matching: Facilitating New Renewable Energy Projects Project Proposal Submittal Form The EPA Green Power Partnership's (GPP's) Project Matching Initiative works to connect stakeholders with new, not-yet-built renewable energy projects that may align with their energy, environmental, and financial objectives. The initiative's goal is to spur the development of new renewable generation by facilitating the signing of long-term green power contracts between end-users and project developers, thereby providing a guaranteed stream of revenue that developers can use to secure project financing. The GPP, in collaboration with EPA's RE-Powering America's Land Initiative will host a project matching webinar on Wednesday, June 24, 2015. Project developers are invited to submit project proposals to GPP for possible inclusion in the webinar. This form includes all anticipated criteria that EPA will use to select projects for the webinar. All projects submitted for review that meet minimum requirements for data completeness and basic eligibility will be posted o the GPP website, renewable energy project's inclusion in this initiative does not constitute endorsement or recommendation by EPA. Project proposals are due by June 5, 2015 and must be submitted electronically to James Critchfield, critchfield.iames@epa.gov. Project Summary Project name: Tarbush Solar Developer name: OneEnergy Renewables Renewable energy type: Solar Photovoltaic (PV) Project city/state: Texas Project geographic coordinates (To find, use: www.latlong.net/): Latitude: 31.200037 Longitude: -103.360113 Total planned megawatt (MW DC) size: 55 M DC Are there phases? If so, how many and in what size traunches? There are no planned phases. What is the expected annual output of the completed project (MWh)? 110,000 MWh Expected date of construction commencement: 1Q/2Q 2016 Expected date of commercial operation: 4Q 2016 ------- What is the largest development hurdle and how is it anticipated to be overcome? No major discretionary permits are required from Reeves County. Minerals clearance will be required. Can you provide examples of similar projects you have developed? OneEnergy Renewables developed the 4.3-MW Cambridge Solar project in Cambridge, Maryland. The project achieved full commercial operation in May of this year. OneEnergy helped arrange an innovative electricity supply agreement between the National Aquarium in Baltimore and its electricity supplier, Constellation, through which the Aquarium will receive 100% of the energy and 40% of the solar renewable energy certificates (SRECs) produced by the project over the next 25 years. The project owner will retain the SRECs generated by the project in years one to 1 of the agreement, while the National Aquarium will retain the SRECs generated in years 16 to 25 of the agreement. To help the National Aquarium's further it's commitment to green power in association with this deal, OneEnergy is also retiring national Green-e RECs in volume that will exceed the output of the project for at least the first 5 years, earning the Aquarium position in the EPA's Green Power Leadership Club, and recognition on the Green Power Program's Long-Term Commitments list (> 5 years.) More info available here. Site Readiness Has the project received all necessary federal, state, and local permits to proceed with construction and operation? If not, please outline the key permits required to proceed with project construction/operation and describe the steps you have taken in order to evaluate and address permitting risk for this project. No major discretionary permit is required for this project.Have you secured long-term site control? If so, please describe the nature of the agreement (lease, ownership, etc.)? Yes, OneEnergy has secured site control through long-term lease that includes an initial 5-year development option followed by a 30-year term with 2 5-year extension options. Have land leases been filed with the county? No. Does the project require either an Environmental Impact Statement or Environmental Assessment? If so, what is the status? No. Is this project sited on a current or formerly contaminated land, landfill or mine site?1 If so, has the site addressed the related environmental issues? No. 1 Examples of such properties could include brownfields, municipal solid waste landfills, abandoned mine lands, and Superfund sites, among others subject to state or federal authorities or cleanup programs. ------- Interconnection What is the status of interconnection, and have system impact and facility studies been completed? (Distribution or transmission level projects are both eligible) Interconnection application filed March 2015. Final facilities study expected by December 2015. When do you expect the interconnection study process will be complete? We expect the interconnection process to be complete in 4Q15. Does the transmission owner (TO) or independent system operator (ISO) have process to study the project's impact o the local or regional grid and the subsequent cost to interconnect? Texas New Mexico Power has separate processes for distribution and transmission level projects. Studies are underway. Operation & Financing Is any element of the project - technology or systems - experimental or pilot-phase or proven technology? No. What is the long- and short-term plan for operating and maintaining the project? OneEnergy works with a number of larger project owners / operators that will finance, construct, own and operate the project once a long-term offtake agreement is arranged. For wind projects, has meteorological tower been installed? If yes, when was the tower installed and how much data has bee collected? N/A. Provide a short summary of how you view project finance and structure/ownership taking shape for this project: OneEnergy works with a number of larger project owners / operators that will finance, construct, own and operate the project once a long-term offtake agreement is arranged. Partners In what ways can organizations participate in the project? (Check all that Apply) ~ X Power purchase agreement for bundled power and RECs ~ X Financial hedge or contract for differences ~ X Long term REC offtake ~ Financial investment / ownership stake ~ Other, please specify: What are some of the characteristics of your ideal power purchaser, investor, or other partner? ------- • Investment grade credit • Long-term load in ERCOT in excess of 300,000 MWh/year • Desire to hedge on-peak electricity costs while catalyzing the development of a new, large-scale renewable energy project. What marketing opportunities exist at the project? • Live feed of weather and output data that can be integrated into a branded, web-based project profile. • Signage at the project site. • Naming rights. ------- |