city of north adams solar project

8/3/2019 City of North Adams Solar Project

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CityofNorthAdamsSolarProject:AlloftheCitysElectricityneedsfromtheSunforYearstoCome

DruryHS

Harriman&WestAirport

EStreetLandfill

OldWasteWaterTreatmentPlant


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BlueWaveCapitalsgoalistobealong-termpartnerwiththe

CitytomakeNorthAdamsaleaderintheadop=onofsolar

energyintheCommonwealthandtherebylowerelectricitybills

fortheCityanditsbusinessesandhomeowners,aswellas

reducetheCityscarbonemissions.

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BlueWaveTeam

OpmalpartnersfortheCityofNorthAdams: BlueWaveCapital:Projectdeveloperandaleaderinbrownfieldandlandfill

redevelopmentwithcurrentsolarprojectsunderdevelopmentinMassachuseIs

inexcessof30MW

RGSEnergy(CommercialdivisionofRealGoodsSolarandformerlyknownasAlterisRenewables):Largest,mostexperiencedsolarinstallerintheNortheast,

4,000+installaJonsintheregionand11,000+naonwide;innovaveresidenal

program

TigheandBond:ExperiencedengineeringfirmwithdeepknowledgeoftheNorthAdamsformerlandfillsite

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BlueWaveCapital

BlueWavedevelopsdistributedscalesolarphotovoltaicprojectsintheNortheasternUnitedStatesandCanadawithaspecialfocusonmunicipal

projects.

Proventrackrecordinrenewableenergy30+MWofprojectsunderdevelopmentinNewBedford,Taunton,Amherst,Bridgewater,AtholandNorth

Adams

nnovavefocusonintegrated,community-wideprogramsandbenefits DeepinvolvementinthedevelopmentoftheGreenCommuniJesActand

relatedrules,regulaonsandpolicies

Extensiveexperienceintheenvironmentalpermingofcomplexdevelopmentprojectsforrenewableenergyandeconomicdevelopment

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LargestandmostexperiencedsolarinstallerintheNortheast;60+MW

installedcapacity;morethan11,000installaons.

FormedthroughthemergerofAlterisRenewablesandRealGoodsSolarwith30+yearsofexperienceandindustrypartnerships

Servingresidenal,commercial,municipalandacademicclientswithsolarPVandWindenergysoluons.

Rankedasoneofthetop15fastestgrowingenergycompaniesbythenc500in2009and2010.

ZeroDownSolarprogramforresidenalproperes.

LeadingGreenCommuniesprogramfortheCity. Extensiveeducaonalprogrammingexperience.

RGSEnergy(CommercialdivisionofRealGoodsSolar,formerlyknownasAlterisRenewables)

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Tighe&BondALeadingRegionalEngineeringFirm

Fullserviceengineeringandpermingfirmwithextensiveexperienceinlandfillclosure,perming,andOperaon&Maintenance.Firmhasadeepknowledgeand

understandingofNorthAdamsformerlandfillfacilityandalong-termcommitmentto

theCity.

Siteidenficaon Siteassessment Environmentalimpactanalysis Civilengineering Electricalengineering Structuralengineering Regulatorycompliance Siteassessmentandremediaon Perming

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ApproachtoProjectDevelopmentChallengesTheBlueWaveCapitalteamiswellequippedtomanagethecomplexiJesofsolardevelopmentin

theCommonwealth

Financingenvironmentisvolaleanddifficulttomanage BlueWavescapitalpartnersarecommiIedtosolardevelopmentinMassachuseIs

Potenaldamagetoexisnglandfillcapatlandfill BlueWavesengineeringpartner,TigheandBond,hasextensivelandfillmanagement

experienceandknowledgeofNorthAdamsfacility

Complexulityinterconneconprocess RGSEnergyhasinterconnectedhundredsofprojectstotheNaonalGridsystemsand

recentlycompletedinterconneconofthelargestsolarprojectinNewEngland

Regulatoryreviews BlueWavesteamhassubstanalexperiencewithMADEP,MAEEA,MANHP,MADOER,

andMADPU.

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BenefitsforCityofNorthAdamsTheCitywillreceivefinancial,environmentalandsocialbenefitsforyearstocome

Financial Substanallong-termcostsavings Electricitypricestabilityandpredictability Rapiddeploymentandcostsynergies Financingflexibilityandsystemownershipopon

Environmental&Social Nearly100%ofMunicipalloadwillbesuppliedbycleansolarenergy ReducetheCitysCO2emissionsbynearly50,000tonsovertheproducvelife

ofthephotovoltaicsystem;equivalenttoremovingover7500carsfromthe

roadandplanngnearly80,000trees

Thirdparty-financedsolarforcommercialandinstuonalfacilies ZeroDownSolarandLeadingGreenCommuniesforNorthAdams

homeownersandbusinesses

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BenefitsforCityofNorthAdamsRateofferedtotheCityofNorthAdamswillbelowerthandeliveredpowerpricesintheNortheastforthelast30yearsorlonger

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BenefitsforCityofNorthAdamsElectricitypriceshaverisen3outevery4yearssince1980,ourPPAproposalwilloffersignificantpriceprotecJonandcertaintyoverthelifeoftheagreement

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NorthAdamsEsJmatedSavingsCityofNorthAdamscouldsaveover$11millionoverthelifeoftheagreementbasedonaset

ofprojectstotaling4.6MWininstalledcapacity.

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!$#!!!!

!$200,000.00!!

!$400,000.00!!

!$600,000.00!!

!$800,000.00!!

!$1,000,000.00!!

!$1,200,000.00!!

!$1,400,000.00!!

!$1,600,000.00!!

!1!! !2!! !3!! !4!! !5!! !6!! !7!! !8!! !9!! !10!! !11!! !12!! !13!! !14!! !15!! !16!! !17!! !18!! !19!! !20!!

Avoided!Costs! PPA!Costs!


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HowBenefitsflowtoCityofNorthAdamsCitypurchasesNetMeteringcreditsatasignificantdiscountcomparedtothecostofelectricity

fromNaJonalGrid.CreditsaregeneratedatprojectfaciliJesandthenallocatedtoCityaccounts.

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DoSolarPanelsReflectLight?AccordingtotheFAA,solarpanelsreflectlightabitmorethanblackasphalt,lessthanwater,

muchlessthanwoodshinglesorbaresoil.Panelsaredesignedtoabsorblight,notreflectit.Lightthatisreflecteddoesnotgenerateelectricityandpanelsaredesignedtominimizeit.

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DoSolarPanelsMakeNoise?Solarpanelshavenomovingpartsandmakenonoise.Noiseisgeneratedbyinverters/

transformersduringdayJmewhenthesunisshiningandthesystemisoperaJng.PVsystemis

silentatnight.At50feet,aninverter/transformerisnolouderthanaquieturbanenvironmentoradishwasheroperaJnginanadjacentroom.

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Howmuchnoiseexactly?Incrementalnoiselevelsimpactsareminimal.Achangeof3dBAjustcrossesthethresholdof

beingpercepJblebutisnotclearlynoJceable.BelowaretheresultsofanoisestudycarriedoutonthenoiseimpactofPVinverters/transformersat50feet.

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NorthAdamsSolarProjectApproachUJlityinterconnecJonunderway,permingabouttobegin

Phase1(Completed) NegoatePowerPurchaseAgreement CompleteduediligenceonsitesproposedinRFQ Siteidenficaonandfeasibilityanalysisofinialsites PreliminarydesignsandengineeringbyYE2011 denfyaddionalsitessuitablefordevelopment Fileinterconneconapplicaonsforinialsites

Phase2(Underway) Federal,State,andLocalperming Outreachtocommunitybusinesses,andhomeowners Addionalsiteidenficaonandfeasibilityanalysis Design,permit,construct,commissionprojectsbyYE2012

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NorthAdamsSolarProjectPerming

Local ConservaonCommissionReview2Months SpecialPermitApproval2-3Months BuildingPermit1Month

Federal,State&Ulity FAANoHazardDeterminaon,ALPChange,Form74601-2Months MADEPPostClosureUsePermit3-4Months

MADFWMESAFiling1-2Months NaonalGridnterconnecon5-6Months

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PreliminaryProjectSchedule(GANTTChart)

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0" 5" 10" 15" 20" 25" 30" 35" 40" 45" 50" 55"

PPA/SLA"Agreement"Finalized"

U:lity"Interconnec:on"Applica:on"

Electrical"Permit"Engineering"

DEP"Post"Closure"Use"Permit"

MA"DFW"Permits"FAA"Per

mits"

Financing"Finalized"

Building"Permit"

Electrical"Permit"

Module"Procurement"

Racking"&"Inverter"Procurement"

Electrical"Service"Procurement"Mobilize"In"Site"Layout"

Install"Electrical"Service"Install"Racking"

Inverter"and"Transformer"Pads"Poured"

PV"Electrical"Installed"

Install"Solar"Modules"Install"Inverter"

Final"Electrical"Tie"Ins"

PV"System"Tes:ng"

U:lity"Interconenc:on"Inspec:on""

System"Commissioing"Landscaping"Site"Cleanup"Mobilize"Out""

Public"Dedica:on""

Week$

North$Adams$Solar$Project$

Preliminary$Development$Schedule$

Timeline"subject"to"change"un:l"final"design"and"project"size"is"determined.""

"Interconnec:on"Study"to"be"determined"by""Na:onal"Grid,"and"dura:on"included"above"is"only"our"best"

es:mate."Addi:onally,"any"changes"to"equipment"that"come"as"a"result"of"the"findings"of"this"study"(above"

and"beyond"what"has"already"been"assumed)"may"change"the"above"schedule"of"events.""

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NorthAdamsSolarProjectOverviewNearly5MWofPVcapacitythatwillsupplytheCitysenJreload

EStreetLandfill Ballasted(Non-Penetrang)GroundMountedSystemwith1.8MWofCapacity 2.16MillionkWhsperyearofoutput(40%ofCityselectricityload)

OldWasteWaterTreatmentPlant Ballasted(Non-Penetrang)GroundMountedSystemwith1.2MWofCapacity 1.4MillionkWhsperyearofoutput(25%ofCityselectricityload)

Harriman&WestMunicipalAirport GroundMountedSystemwith1.2MWofCapacity 1.4MillionkWhsperyearofoutput(25%ofCityselectricityload)

NorthAdamsDruryHighSchool RoofMountedSystemwith200kWofCapacity 240,000kWhsperyearofoutput(4%ofCityselectricityload)

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1.8MWEStreetLandfillProjectPreliminarySystemLayoutandSatelliteOverviewofProposedSite

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1.2MWOldWasteWaterTreatmentPlantPreliminarySystemLayoutandSatelliteOverviewofProposedSite

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1.2MWHarriman&WestAirportPreliminarySystemLayoutandSatelliteOverviewofProposedSite

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200kWDruryHighSchoolProjectPreliminarySystemLayoutandSatelliteOverviewofProposedSite

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OperaJons&Maintenance Carefulsystemcomponentselecon Equipmentwarranesandinverterservice

agreements

Monitoringanddatasystems Localon-callresourcesforemergency/service/remedialrequests Quarterlyperformancereporng Rounesite/componentmaintenance(string

andswitchingtests,infraredscans,cleaning,

filterreplacement,panelwashing) Annualmechanicalinspecon

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RegulaJon/IncenJvesAreNowAligned

MARenewablePorolioStandard 6%ofelectricitysalesby2011 15%ofelectricitysalesby2019 400MWSolarCarve-Out(1%ofelectricload)

Financialncenves,Grants ProduconBasedncenves(SRECs,RECs) FederalnvestmentTaxCredit/1603Grant NewMarketTaxCredits StatenvestmentTaxCredit Accelerateddepreciaon Grantsandlowinterestloans USDAREAPniave USDALoanGuarantees DOEFPPLoanGuarantees

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MassachusesNetMeteringProgram

MassachuseIshasaNetMeteringProgramthatallowsupto3%ofhistoricpeakcapacityinthestatetobenetmetered

NetMetering:differencebetweentheelectricitysuppliedtoacustomerandtheelectricityfedbacktothegridbyanon-sitegeneraonsystem

Netmeteringallowscustomertoreceivecreditsfortheelectricityproducedbynetmeteredsystems,abovewhatsystemownersconsumeonpremises

Netmeteringcreditscanbeassignedtoothermeterswithinthesameulityserviceterritoryandloadzone

Netmeteringrulesallowforupto2MWofcapacityperinstallaon Privateenesareallowedupto1MWperinstallaonforfullretailpricenetmetering Privateenesareallowedupto2MWperinstallaonforretailminusdistribuonnet

metering

Publicenesareallowedupto2MWperinstallaonforfullretailpricenetmetering`

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MassachusesSRECProgram

AvailabletoanyMassachuseIsulitycustomerthatinstallsaPVsystem SRECprogramisdesignedtoexpandMassachuseIsinstalledPV

capacityfromthecurrent25MWto400MWbyYE2016.

Qualifiedfaciliescanbereachacapacitylevelofupto6MW QualifiedPVsystemownerhastherighttoputitskWhsofPVproduced

intoanSRECauconeachyearforapredeterminedterm

SRECsforsystemsmintedin2010willhaveapricefloorof$0.30/kWh AlternaveCompliancePaymentsetat$0.55/kWhfor2012 Qualifiedsystemswillhaveanopt-intermof10years Auconsystemchargesa5%fee MinimumSRECvaluetosystemownerinDOERauconis$0.285/kW

RevenuesfromthesaleofSRECshelpdefraytheupfrontcostofasolarsystemandsignificantlyenhancebenefitstoPVhostsandinvestors

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Tel:617.350.8620Fax:617.350.3443

Email:[email protected]

31MilkStreetSuite1104

Boston,MA02109

city of north adams solar project

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