proposal for solar energy development project …...proposal for solar energy development project...

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Proposal for

Solar Energy Development Project

Request for Information

Prepared By: Gerard deLisser, VP Development

Miller Bros 301 Alan Wood Rd I Conshohocken, PA 19428

Direct 610-832-1000 Mobil 917-687-2620

gdelisser@millerbros.us

March 13, 2015

Page 178REQUEST FOR INFORMATION RESPONSES

March 13, 2015 Alexandra Lauzon Virginia Office of Public-Private Partnerships 600 E. Main Street, Suite 2120 Richmond, VA 23219 Alexandra.Lauzon@p3.virginia.gov 804-786-0441

RFI RESPONSE: Solar Energy Development Project Alexandra: On behalf of our team including Marina Energy, LLC (a division of South Jersey Industries, SJI) and Miller Bros, we are pleased to submit our information to the Virginia Office of Public-Private Partnerships

in response to your RFI: Solar Energy Development Project. I trust you will find that Marina Energy, LLC will address your goal of a successful closing transaction in a timely fashion and thereby assist in obtaining renewable energy savings and land use in the most cost-effective, safe and reliable manner. Beyond our desire to offer the lowest possible cost of power, in considering our response to your solicitation we also identified further goals that we view as key to your efforts:

I. Choosing a partner with the financial strength, surety of execution and sophistication to close the transaction quickly and minimize the long-term risks to your stakeholders;

II. Selecting a team with the proven construction and engineering “know-how” to complete the project on time and minimize the risk that your program will fail to live up to its production and savings targets;

We hope that our proposal will best help you to achieve these objectives.

1. Financial Strength and Surety of Execution. Your Power Purchase Agreement (PPA) provider needs both the financial strength to enable it to perform its obligations to you and the financial sophistication to understand and optimize a transaction of this complexity. Marina Energy has successfully developed, financed, designed, installed, owns, operates and maintains over 150 commercial and municipal solar PPA projects. Marina Energy, LLC is a division of the public company South Jersey Industries (NYSE: SJI). Marina Energy professionals have decades of experience in municipal energy projects providing specific understanding of the complex legal, tax and regulatory issues associated with transactions, and to date have completed in excess of over 150 MW’s. And, have demonstrated their ability to execute PPA’s with public and private entities. Marina Energy agrees to fully comply with all applicable laws and codes if awarded the contract and further agrees to negotiate in good faith to craft a fair, reasonable and acceptable PPA.

Page 179REQUEST FOR INFORMATION RESPONSES

2. Construction and Engineering “Know-How”. Miller Brothers executes utility scale medium and high voltage, substation and transmission construction. Our proven utility construction model includes: construction project management expertise, full construction capabilities, 25+ years of audited financial statements, 200+ pieces of heavy equipment, $100+M bonding capacity. We are one of few utility contractors that can simultaneously self-perform multiple utility scale projects. Miller Bros. is experienced in all aspects of the utility construction industry including design, engineering and construction of large scale utility and renewable energy. Having completed over 100 MW’s of solar construction, Miller Brothers provides turnkey Engineering, Procurement & Construction (EPC) services, offering on-going back-end operations and maintenance support after project completion. Miller Brothers ensures a seamless integration throughout all project phases, resulting in an accelerated schedule, uncompromising cost control in a safe working environment.

Given the diverse requirements to execute a solar project, we have brought together a team whose qualifications and experience are described in your RFI. Working together with these firms will enable us to complete your project on time and on budget, in a safe working environment. Sincerely,

John Spurlock Marina Energy, LLC One North White Horse Pike Hammonton, NJ 08037 609-568-9028 jspurlock@sjindustries.com

Gerard deLisser Miller Bros. 301 Alan Wood Rd Conshohocken, PA 19428 610-832-1000 gdelisser@millerbros.us

Page 180REQUEST FOR INFORMATION RESPONSES

Page 181REQUEST FOR INFORMATION RESPONSES

Ted Pettinelli

General Manager, Operations

Solar Team

Fred Rohs

Manager, Solar Operations

Dan Streit

Construction Manager

Barry Miller

Manager of Contracts and Compliance

Freddy Tejeda

Supervisor, Solar Operations

Kyle Tress

Staff Engineer

Nancy Ricci

Billing, Invoicing

Jennifer Kinch

Accounting

Marina has a dedicated team for solar development and operations.

Page 184REQUEST FOR INFORMATION RESPONSES

Marina Finances

Solar Project

(ITC Credit goes

to Marina)

Solar Project Built

at Customers Location

(EPC Contractor)

Solar Array Generates

Power (SREC Retained

by Marina )

Marina Sells electricity to

Customer (PPA or Merchant)

Marina owns all of their solar sites and sells the electricity to host customers.

Page 185REQUEST FOR INFORMATION RESPONSES

Pre-Development

Development

Closed Project

O&M Contract

Compliance PMI

System

Monitoring

Marina is present during the entire project life span.

Development Team

Operations Team

Page 186REQUEST FOR INFORMATION RESPONSES

Bi-Monthly Production Reports

Daily Predicted Vs. Actual Reports

Dispatch Services Active Monitoring

PMI and Site Inspections

Marina performs all O&M and system evaluation of their solar fleet.

Page 187REQUEST FOR INFORMATION RESPONSES

Marina has made substantial financial investments into solar starting in 2009.

10

32

66

105

150

130

2009 2010 2011 2012 2013 2014

Millions of Dollars

Page 189REQUEST FOR INFORMATION RESPONSES

*2015 and 2016 continued growth

Marina is expected to continue its financial investments into solar.

10

32

66

105

150

130

2009 2010 2011 2012 2013 2014 2015* 2016*

Millions of Dollars

Page 190REQUEST FOR INFORMATION RESPONSES

1 7

23

49

97

149

2009 2010 2011 2012 2013 2014

MW Solar Installed

The size of the Marina solar fleet has grown and expanded since 2009.

Page 191REQUEST FOR INFORMATION RESPONSES

*2015 and 2016 continued growth

The size of the Marina solar fleet is expected to have continued growth.

1 7 23

49

97

149

2009 2010 2011 2012 2013 2014 2015* 2016*

MW Solar Installed

Page 192REQUEST FOR INFORMATION RESPONSES

Marina owns three different types of solar systems across their fleet.

3%

37% 60%

Canopy

Roof

Ground

Page 193REQUEST FOR INFORMATION RESPONSES

87%

11%

1%

NJ

MA

VT

State MW

Installed

NJ

130 MW

MA 17 MW

VT 2 MW

Marina is financially invested in three different solar markets.

Page 194REQUEST FOR INFORMATION RESPONSES

New Jersey Portfolio

Marina has expanded outward and has solar sites across NJ, MA, and VT.

Page 195REQUEST FOR INFORMATION RESPONSES

Massachusetts and Vermont Portfolio

Marina has expanded outward and has solar sites across NJ, MA, and VT.

Page 196REQUEST FOR INFORMATION RESPONSES

46%

36%

13%

5%

Commercial

Education

Municipalities

Merchant Plants

By number of customers

Marina supplies a wide variety of customers with solar energy.

Page 197REQUEST FOR INFORMATION RESPONSES

47%

20%

13%

20%

Commercial

Education

Municipalities

Merchant Plants

By Size (MW)

Marina supplies a wide variety of customers with solar energy.

Page 198REQUEST FOR INFORMATION RESPONSES

Marina has helped customers meet their sustainability goals with solar.

Page 199REQUEST FOR INFORMATION RESPONSES

Page 200REQUEST FOR INFORMATION RESPONSES

ACCC 2MW

Page 201REQUEST FOR INFORMATION RESPONSES

Frankford 10 MW

Page 202REQUEST FOR INFORMATION RESPONSES

GCIT 638 kW

Page 203REQUEST FOR INFORMATION RESPONSES

Holland 3.5 MW

Page 204REQUEST FOR INFORMATION RESPONSES

NFI 994 kW

Page 205REQUEST FOR INFORMATION RESPONSES

Brickyard 2 MW

Page 206REQUEST FOR INFORMATION RESPONSES

Rockland 2 MW

Page 207REQUEST FOR INFORMATION RESPONSES

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