Energy Partnership with SunEdison

Transcription

1 Energy Partnership with SunEdison Town of Douglas Barrett LaChance Regional Sales Manager

2 Agenda SunEdison Overview Implementation and O&M Approach Past Customers and Case Studies SunEdison Proposal Q&A

3 The Global Renewable Energy Leader Manufacturer Developer & Installer Owner Service Provider We are technology leaders, having shipped over 1 GW of our SunEdison Silvantis modules. Our size allows us to pass volume benefits from suppliers directly to you. SunEdison is the largest Distributed Generation solar power installer in the US and the largest renewable energy developer in the world, developing both solar and wind projects. With a Power Purchase Agreement, we take a long-term stake in project reliability. Our Yieldco partner, TerraForm Power, will own financed projects for the contract term. Our Renewable Operations Center is the core of our O&M capabilities, monitoring our fleet of projects around the world 24 hours a day, 7 days per week. SunEdison is the world s largest renewable developer

4 Global Leader in Renewable Energy Services Largest Renewable Energy Company in the World Wind and solar energy $7.8B market cap (NYSE: SUNE) Over 1,300 solar power plants 3.5 GW of 100% renewable electricity 2,700 Employees Leader in Solar Innovation TerraForm Power - Yield Co (NASDAQ: TERP) with $5B market cap $12 Billion in Capital Deployed No Financing Risk - In House Financing We develop, build, finance, and operate renewable energy plants to provide our customers electricity at predictable prices below grid rates.

5 Local Solutions in Massachusetts Leading Solar Developer and Financier in Massachusetts o Developed and financed over 50 MW of projects, additional 30 MW of projects under management o Over 30 MW of projects in construction o Leader in Virtual Net Metering and Behind-Meter solutions Strong local Massachusetts presence and local relationships Over 80 employees based in Boston area Contracts with local labor for engineering and construction, adding Massachusetts jobs

6 SunEdison Trusted by Leading Companies

7 Project Team and Execution Approach Best in-class processes: Work closely with Douglas to ensure seamless integration Proven track record with over 1,300 large projects around the world Highest standards for design and construction Comprehensive management throughout the process Design and Engineering Project Planning Construction Operations Utility locates, site survey, roofing assessment, geotech, structural capacity review Design system to maximize savings while minimizing impact to facility and community Design System for 30+ year life Coordinate system structure with project team Submit for local permits Submit for interconnection Finalize Financing Procure materials Finalize schedule Local subcontractors Engineering Permitting Interconnection On-site management oversight Safety Compliance QA/QC Schedule Management Commission Project Punch list Clearance Acceptance Inspection Roofing inspection COD On-Going maintenance and monitoring SEEDS ROC Oversight Key SunEdison team members: Sales Development Development Technical Development Operations Project Finance Asset Management

8 Project Approach/Timeline Contracts 1-2 Mos. Market standard contact terms Town and SunEdison execution Key long-lead time development items kicked off (e.g. IC application) Permitting 6-7 Mos. All permitting completed by SunEdison and best-in class contractors Strong experience navigating PCUP process Interconnection application process run in parallel Design & Eng. 1-2 Mos. Experienced in-house design team Third-party verification and stamps Construction engineering completed in-house with best-in class products, design standards Construction 3-4 Mos. Experienced Project Managers Close coordination with Town Operations Life of Project 3 rd Party commissioning SEEDs monitoring solutions and SunEdison Connect portal Local operations and maintenance resources

9 Financing Capacity SunEdison s unparalleled financing expertise is one of our key competitive strengths. Our access to capital, strong financial relationships, and proven track record allow us to enjoy one of the highest contract execution rates in the industry. To date, SunEdison has secured over $7.5 billion in project finance facilities, with additional facilities and partnerships under negotiation. In 2013 alone, we raised over $1.5 billion in funds for project financings. SunEdison recently launched its YieldCo vehicle, TerraForm Power Inc. (NASDAQ:TERP), and has established relationships with over 15 financial partners. SunEdison will either work with TerraForm, or use this broad pool of firms to select the best partner for the project with Ericsson to ensure there are no financing related delays.

10 Robust Operating Experience Virtual Monitoring and Local Service 24/7 Renewable Operations Center (ROC) located next door to Oracle in Belmont, CA Real-time control of inverters, strings, and system performance Online monitoring detects system anomalies Local technicians dispatched for diagnostics and repair Semi-Annual Cleanings Maintains solar production levels Specially designed cleaning solution and process Semi-Annual Mechanical and Electrical tuneups Mechanical and Electrical Maintenance Inverters maintenance as required by warranty Our 1,300 projects operate at 103% of expected production

11 SunEdison Connect Monitoring Simple dashboard Energy cost savings tracked and clearly presented Solar production monitoring Performance metrics showing environmental impact

12 Landfill/Brownfield Experience SunEdison success Developing, Financing, and Operating PV systems for landfill, brownfield, and Superfund sites. Very experienced in working in-house and with consultants to negotiate the Post Closure Use Permit process Our operational Landfill systems include projects in Massachusetts, Maryland, New Jersey, and Colorado and projects in our 2015 construction queue for New York. Partnering with New York City to develop a 10 MW at Freshkills Park, a landfill closed in This is slated for construction in 2015 and will be the City s largest solar project to date. We total over 7.5 MW of operational Landfill projects, and over 20 MW in development.

13 Town of Greenfield Landfill, MA In 2010, SunEdison was the first developer in Massachusetts to receive a Post-Closure Use permit for solar energy on a closed landfill. The 2.0 MW project, utilizing ballasted racking, was completed in 2012.

14 Sullivan s Ledge Landfill, MA SunEdison worked extensively with the EPA and Massachusetts DEP to obtain necessary permits and approval for our 1.8 MW facility that provides clean energy to the City of New Bedford.

15 Douglas Landfill Proposed System System components: SE BYC 340W modules Chint 28kW string inverter Sunlink Ballasted Ground- Mount Racking PowerLogic Ion8600 metering Value to Town: SunEdison to pay Lease and Taxes to Lease ~$25,000/MWdc Taxes ~12,500/MWdc Proposed design of 2,041kWdc Results in annual revenues of ~$75,000

16 Educational Benefits: Engaging Students and Faculty Our engagement plan for schools includes an integrated approach for teachers, facility managers, students, and the community. We are willing to partner with the Town of Douglas School Dept. to provide a workshop to discuss an integrated STEM curriculum for solar and wind energy. Some of these resources include: Energy Kids from the U.S. Department of Energy, Energy Information Administration (EIA) National Energy Education Development (NEED) Project PowerSave Schools from the Alliance to Save Energy KidWind Project Green Teacher Network SunEdison Energy Ambassadors Program Will also provide customized Solar Kiosk provide interactive charts and data to facilitate learning experiences for students.