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ColGreen Energy, LLC
North Shore
Solar Electric Generating Project
Coachella/Imperial Valleys,
California
January 8th
, 2013
ColGreen Energy Solar Generating Project
- Solar-powered electricity generation.
- Uses silicon cell photovoltaic system.
-Array of PV panels at ground level generate DC electricity.
- Inverters change DC to AC.
- Step-up Transformer to IID transmission voltage 92KV
- ColGreen design is 74.88 MWe (100 MWp) on 480 ac.
- Will deliver upwards of 214,000 MWh per year when the
site is fully developed and built out.
- Executed 30-year lease (efftv. 8/1/09).
- 480 acres private Non-agricultural land,
approximately flat.
- 2.1 deg uniform slope to south.
- Annual insolation:
8,500 Whrs/sq.m per day (dir + diffuse)
(Peak 11,000 in June)
- IID 92 KV transmission line on site.
- 230 KV transmission line 1 mile north.
ColGreen North Shore Solar Facility Site
ColGreen North Shore – Pilot monitoring site Adjacent
to the main project site.
Permitting by Riverside County
(No CEC Permit involvement)
Application filed Dec 2, 2009; CUP 03635
- Not in habitat conservation area.
- Cultural and Paleontological resource surveys complete.
- Aerial Topography flown March 21, 2010; Grading Plan
submitted June 1, 2010.
- Review by most County Depts. complete, Mar 2010.
- Geologic soil borings complete March 23, 2010.
- Town hall meetings completed April 2010.
- Draft WQMP submitted to Flood Control May 2010.
-Site Plan complete, incorporating City reviews June 4, 2010.
- Awarded “Fast-Track” permitting June 15, 2010.
- CEQA work deemed complete June 28, 2010.
- Permit issued Nov 2, 2010
ColGreen Principals developed and for 18
years (Feb-1992 Dec-2011) operated the
nearby 47 MW Colmac Energy Biomass
Plant.
Operating successfully since 1992,
delivering 350,000+ MWh/year
Contributes 400,000 tons/yr to waste mgmt.
No (zero) environmental violations in 18+ yrs
Principal and Alternate Vendors
(tentative)
 Solar Cells:
Available from multiple panel manufacturing vendors.
Inverters:
SMA.
 Transformers:
TBD
 EPC Contractor:
Chevron Energy Solutions. LOI already in place.
Positions in ColGreen Project
 ColGreen will provide the site, transmission to IID or
CAISO grid, and will manage project development,
permitting, and financing.
 ColGreen-Chevron ES will obtain a 25 year PPA.
 Chevron ES as EPC will provide engineering,
procurement, and construction of the plant.
 Chevron ES as EPC will provide guarantees of
completion date, construction cost, electrical output
& post COD performance wrap + warranties for
extended period between 5-10 years.
 Chevron ES will Support ColGreen O&M as the
plant operator.
ColGreen has:
- Extensive energy project development
experience (Colmac Energy, for example)
- Extensive operating, environmental and
permitting experience (30+ years).
- Extensive experience in the electric power
industry and with public utilities.
- Transmission (86 MWe) secured into CAISO
grid at SCE Devers substation.
- Site control (480 acres, 30-year lease).
- Conditional Use Permit, CUP03635.
- Interconnect system impact study near
completion and release by IID (July 31st
,
2012).
12
Project Overview
ColGreen
• 480 acre site near North Shore, CA
 30 year lease
• 100 MWp (74.88 MWac) Solar PV
• 214,000 MWh/a (baseline, est.)
• 86 MWac Transmission Capacity from
Coachella substation to SCE (Devers)
secured. Path-42 rerate
• Interconnection options:
 To CAISO grid via on-site 92 kV line to
Mecca Substation, then new line from
Mecca to Colmac Gen-Tie (2 miles) into
Coachella substation
 To IID via 92 kV “K” line located at site.
Flat Panel Solar Farm
Mecca
230 kV IID
Transmission
Line
ColGreen North Shore – 2.34 MW Block layout
ColGreen
Project Strengths - Proven Technology
• Simple, proven low-risk PV flat panel
technology
• Historical lifetime data enables
accurate performance prediction
• Guarantees / Warranties available on
major components from
manufacturers typically run 20 – 25
years
• All system components are “off the
shelf”
– No development required
– Standard Utility Grade Inverters
• Flat panel ‘Single axis tracking’ PV is
good technology for low latitude / high
DNI locations
ColGreen
Project Status – Financing
• Development equity to close financing is committed.
• Discussions to identify and secure commitment for a Tax
Equity investor are under way.
• Potential partners for financing have been identified and
negotiations are underway for:
1. Construction Financing
2. ITC Grant bridge financing
3. Tax Equity bridge financing
4. Permanent long term financing
• ColGreen financing expected to close in the mid-2013.
Done
 Site secured, 30 year lease in place
 Permits secured, Conditional Use Permit received Nov. 2, 2010
 Site surveys completed (Archeological, Paleontological, Cultural, Threatened and
Endangered Species, Geotechnical)
2013-2014
 Early phase generation late 2013 to early 2014
 Construction Complete late-2014
 Successful Acceptance Test, COD
2nd Qtr-2013
 Secure PPA
 Sign Fixed Price EPC Contract with Siemens Energy/EPC
 Close Financing
 Full NTP for EPC, Commence Construction
 Continue engineering work to satisfy conditions of CUP
 Bid for Power Purchase Agreement through RFP or bilateral bid process
 Secure Interconnection Agreement
 Make Finance-Advisory selection, start financing due diligence
Done
ColGreen
Project Status – Progress To Date
ColGreen – Construction phase
ColGreen – Phased online Generation
• ColGreen is at a significantly advanced development stage
– Site control done
– Permits done
– Transmission Capacity secured
– EPC contractor
• Chevron Energy Solutions as the EPC contractor enhances the ColGreen
NorthShore project with the following attributes
– Strong EPC guarantees
– Fixed price with schedule and performance obligations
– Best practices in system integration, procurement, and logistics will drive down
project cost and risk.
• ColGreen has a clear path to remaining key project Agreements
– Power Purchase Agreement
– Interconnection
• The project has strong Financial Metrics.
ColGreen Energy – North Shore
Conclusions

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Colgreen North Shore presentation-1.8a.13

  • 1. ColGreen Energy, LLC North Shore Solar Electric Generating Project Coachella/Imperial Valleys, California January 8th , 2013
  • 2. ColGreen Energy Solar Generating Project - Solar-powered electricity generation. - Uses silicon cell photovoltaic system. -Array of PV panels at ground level generate DC electricity. - Inverters change DC to AC. - Step-up Transformer to IID transmission voltage 92KV - ColGreen design is 74.88 MWe (100 MWp) on 480 ac. - Will deliver upwards of 214,000 MWh per year when the site is fully developed and built out.
  • 3.
  • 4. - Executed 30-year lease (efftv. 8/1/09). - 480 acres private Non-agricultural land, approximately flat. - 2.1 deg uniform slope to south. - Annual insolation: 8,500 Whrs/sq.m per day (dir + diffuse) (Peak 11,000 in June) - IID 92 KV transmission line on site. - 230 KV transmission line 1 mile north. ColGreen North Shore Solar Facility Site
  • 5. ColGreen North Shore – Pilot monitoring site Adjacent to the main project site.
  • 6. Permitting by Riverside County (No CEC Permit involvement) Application filed Dec 2, 2009; CUP 03635 - Not in habitat conservation area. - Cultural and Paleontological resource surveys complete. - Aerial Topography flown March 21, 2010; Grading Plan submitted June 1, 2010. - Review by most County Depts. complete, Mar 2010. - Geologic soil borings complete March 23, 2010. - Town hall meetings completed April 2010. - Draft WQMP submitted to Flood Control May 2010. -Site Plan complete, incorporating City reviews June 4, 2010. - Awarded “Fast-Track” permitting June 15, 2010. - CEQA work deemed complete June 28, 2010. - Permit issued Nov 2, 2010
  • 7. ColGreen Principals developed and for 18 years (Feb-1992 Dec-2011) operated the nearby 47 MW Colmac Energy Biomass Plant. Operating successfully since 1992, delivering 350,000+ MWh/year Contributes 400,000 tons/yr to waste mgmt. No (zero) environmental violations in 18+ yrs
  • 8.
  • 9. Principal and Alternate Vendors (tentative)  Solar Cells: Available from multiple panel manufacturing vendors. Inverters: SMA.  Transformers: TBD  EPC Contractor: Chevron Energy Solutions. LOI already in place.
  • 10. Positions in ColGreen Project  ColGreen will provide the site, transmission to IID or CAISO grid, and will manage project development, permitting, and financing.  ColGreen-Chevron ES will obtain a 25 year PPA.  Chevron ES as EPC will provide engineering, procurement, and construction of the plant.  Chevron ES as EPC will provide guarantees of completion date, construction cost, electrical output & post COD performance wrap + warranties for extended period between 5-10 years.  Chevron ES will Support ColGreen O&M as the plant operator.
  • 11. ColGreen has: - Extensive energy project development experience (Colmac Energy, for example) - Extensive operating, environmental and permitting experience (30+ years). - Extensive experience in the electric power industry and with public utilities. - Transmission (86 MWe) secured into CAISO grid at SCE Devers substation. - Site control (480 acres, 30-year lease). - Conditional Use Permit, CUP03635. - Interconnect system impact study near completion and release by IID (July 31st , 2012).
  • 12. 12 Project Overview ColGreen • 480 acre site near North Shore, CA  30 year lease • 100 MWp (74.88 MWac) Solar PV • 214,000 MWh/a (baseline, est.) • 86 MWac Transmission Capacity from Coachella substation to SCE (Devers) secured. Path-42 rerate • Interconnection options:  To CAISO grid via on-site 92 kV line to Mecca Substation, then new line from Mecca to Colmac Gen-Tie (2 miles) into Coachella substation  To IID via 92 kV “K” line located at site. Flat Panel Solar Farm Mecca 230 kV IID Transmission Line
  • 13. ColGreen North Shore – 2.34 MW Block layout
  • 14. ColGreen Project Strengths - Proven Technology • Simple, proven low-risk PV flat panel technology • Historical lifetime data enables accurate performance prediction • Guarantees / Warranties available on major components from manufacturers typically run 20 – 25 years • All system components are “off the shelf” – No development required – Standard Utility Grade Inverters • Flat panel ‘Single axis tracking’ PV is good technology for low latitude / high DNI locations
  • 15. ColGreen Project Status – Financing • Development equity to close financing is committed. • Discussions to identify and secure commitment for a Tax Equity investor are under way. • Potential partners for financing have been identified and negotiations are underway for: 1. Construction Financing 2. ITC Grant bridge financing 3. Tax Equity bridge financing 4. Permanent long term financing • ColGreen financing expected to close in the mid-2013.
  • 16. Done  Site secured, 30 year lease in place  Permits secured, Conditional Use Permit received Nov. 2, 2010  Site surveys completed (Archeological, Paleontological, Cultural, Threatened and Endangered Species, Geotechnical) 2013-2014  Early phase generation late 2013 to early 2014  Construction Complete late-2014  Successful Acceptance Test, COD 2nd Qtr-2013  Secure PPA  Sign Fixed Price EPC Contract with Siemens Energy/EPC  Close Financing  Full NTP for EPC, Commence Construction  Continue engineering work to satisfy conditions of CUP  Bid for Power Purchase Agreement through RFP or bilateral bid process  Secure Interconnection Agreement  Make Finance-Advisory selection, start financing due diligence Done ColGreen Project Status – Progress To Date
  • 18. ColGreen – Phased online Generation
  • 19. • ColGreen is at a significantly advanced development stage – Site control done – Permits done – Transmission Capacity secured – EPC contractor • Chevron Energy Solutions as the EPC contractor enhances the ColGreen NorthShore project with the following attributes – Strong EPC guarantees – Fixed price with schedule and performance obligations – Best practices in system integration, procurement, and logistics will drive down project cost and risk. • ColGreen has a clear path to remaining key project Agreements – Power Purchase Agreement – Interconnection • The project has strong Financial Metrics. ColGreen Energy – North Shore Conclusions

Editor's Notes

  1. The purpose is demonstrate the technology that we are developing, and to create the process design for a scaled up facility to be constructed in Hugoton, Kansas. The Biomass Pilot Plant in York, NE produces ethanol from biomass through enzymatic hydrolysis, primarily from wheat straw and corn stover. It has a capacity of around 200,000 gal per year. The Biomass Demonstration Plant in Spain is a 1.3 MMGPY plant that processes wheat and barley straw. Data from these two plants will be utilized in the process design for the plant to constructed in Hugoton, Kansas, a 16MMGPY facililty processing Corn Stover, Wheat Straw, and Switchgrass. This will represent Abengoa’s first commercial deployment of its Enzymatic Hydrolysis technology.