Brownfields to Brightfields: Creating Successful Solar Projects

Transcription

1 Brownfields to Brightfields: Creating Successful Solar Projects Providence, RI June 22, 2012 Lori Ribeiro, Director of Business Development ASTSWMO State Superfund Managers Symposium

2 Brownfields to Brightfields Presentation Overview About Gehrlicher Solar America Corporation What are Brightfields? Case Study 1: Brockton Brightfields Case Study 2: Re-solve, Inc. Lessons Learned What Makes a Good Solar Site Technical Considerations Financial Considerations Development Considerations Resources Available Title of Presentation Location DD.MM.YYYY Author Occasion 2

3 Brownfields to Brightfields About Gehrlicher Solar America Corporation GSAC: Plans, builds, finances, and operates photovoltaic systems Is the US subsidiary one of the ten largest independent PV project developers and system integrators in the world Parent company, Gehrlicher Solar AG, based in Germany Has US headquarters in Springfield, NJ Has 30 MW built/in construction nationwide; 14 MW in MA Worldwide, has over 300 MW installed Is a wholesaler for photovoltaic components Title of Presentation Location DD.MM.YYYY Author Occasion 3

4 Brownfields to Brightfields What are Brightfields? A brightfield is a brownfield that is redeveloped using solar energy technologies. Power generation, on or off grid Building integrated systems Solar manufacturing plants Concept initiated by US Department of Energy Address three of the nation's biggest challenges urban revitalization, toxic waste cleanup, and climate change by bringing pollution-free solar energy and high-tech solar manufacturing jobs to brownfields. Title of Presentation Location DD.MM.YYYY Author Occasion 4

5 Case Study 1: Brockton Brightfields Project Background City of Brockton, MA 20 miles south of Boston Former Brockton Gas Works manufactured gas plant, Bay State Gas Company is property owner and responsible party Two lots spanning 27 acres on Grove Street Contaminants capped below the ground limited reuse options Title of Presentation Location DD.MM.YYYY Author Occasion 5

6 Case Study 1: Brockton Brigthfields Why a Brightfield? Brockton 97% developed Residential impact of brownfields Industrial areas abut residential areas Environmental justice issues Not a dumping ground! Brightfield is a unique opportunity No pollution No noise No traffic Title of Presentation Location DD.MM.YYYY Author Occasion 6

7 Case Study 1: Brockton Brightfield Project Development Timeline The Brockton Brightfield took six years to develop. The construction took less than three months. Title of Presentation Location DD.MM.YYYY Author Occasion 7

8 Case Study 1: Brockton Brightfield Brockton Brightfield Features 1,512 SCHOTT Solar ASE 300 modules Utility scale Mounting structure does not penetrate the cap South facing, 42 degree angle to maximize total electricity generation SatCon Inverters Fat Spaniel Data Acquisition System Landerholm Electric Co. (IBEW Local 223) Title of Presentation Location DD.MM.YYYY Author Occasion 8

9 Case Study 1: Brockton Brightfield Before and After Title of Presentation Location DD.MM.YYYY Author Occasion 9

10 Case Study 1: Brockton Brightfields Project Benefits Environmental No pollution, noise, or traffic Avoids annual emissions of ~ 677,000 pounds of CO 2, 1,200 pounds of SO 2 and 315 pounds of NOx Aesthetic Converts blighted industrial brownfield into clean energy showcase Enhances local property values and encourages reinvestment Improves Brockton s image innovative, cleaner and greener Title of Presentation Location DD.MM.YYYY Author Occasion 10

11 Case Study 1: Brockton Brightfields Project Benefits (continued) Economic Converts idle brownfield into revenue generating asset Jobs for local installers Revenues to MA-based renewable energy businesses Eliminate city s liability for City-owned parcel Educational Programming for children and general public Title of Presentation Location DD.MM.YYYY Author Occasion 11

12 Case Study 2: Re-Solve Superfund Site Project Background North Dartmouth, MA Solvent recycling: storage of spent wastes in unlined lagoons and discharges to a cooling pond Waste oil spreading (landfarming), PCBs in oils PRP Group leading (and funding) cleanup Superfund site on 6 acres of land Title of Presentation Location DD.MM.YYYY Author Occasion 12

13 Case Study #2 Re-Solve, Inc. Sustainability Objectives Solar a part of broader sustainability plan: green remediation Continue cleanup of site and maintain compliance with discharge limits Reduce overall energy use Maximize on-site energy generation Reduce production and off-site T&D of sludge Reduce chemical use Title of Presentation Location DD.MM.YYYY Author Occasion 13

14 Case Study 2: Re-Solve, Inc. Re-Solve Solar Project Long-term pump-and-treat required to address DNAPL in bedrock Case Study 2 Re-Solve Superfund Site 150 KW Solar photovoltaic system to generate 90 percent of electricity for the groundwater treatment system 186,000 KWH/yr Title of Presentation Location DD.MM.YYYY Author Occasion 14

15 Brownfields to Brightfields Lessons Learned What Makes a Good Solar Site? Ground-mount Installations State policy environment: policies and incentives Local distribution company: IOU or municipal utility Un/under-utilized land near loads No, or limited, alternate uses (or on-site load) See: Landfills, Brownfields: Flat or south facing with minimal slope At least acres Minimal to no shading or obstacles Near interconnection point Appropriate zoning and environmental conditions Title of Presentation Location DD.MM.YYYY Author Occasion 15

16 Brownfields to Brightfields Lessons Learned Technical Considerations Remediation PV as part of remedial plan Or already complete Site Preparation Mounting structure Cannot penetrate cap Title of Presentation Location DD.MM.YYYY Author Occasion 16

17 Brownfields to Brightfields Lessons Learned Development Considerations: What Works? Community-based projects Do your homework! Political support Local, state and federal Multiple funding sources Community investment Partnership approach Cost-effectiveness Title of Presentation Location DD.MM.YYYY Author Occasion 17

18 Brownfields to Brightfields Financial Considerations Initial Capital Costs Revenues Power Purchase Agreement RECs/SRECs Tax Incentives $40,000,000 $30,000,000 $20,000,000 Solar PV Project Cumulative Cash Flow 10% Annual Electricity Price Inflation 7.5% Annual Electricity Price Inflation 5% Annual Electricity Price Inflation 2.5% Annual Electricity Price Inflation Expenses Debt service Lease payments Taxes O&M $10,000,000 $ $(10,000,000) $(20,000,000) Ownership Structure Liability Protection Title of Presentation Location DD.MM.YYYY Author Occasion 18

19 Brownfields to Brightfields Advantages of Solar on Brownfields Maximize economic and environmental value of solar Convert idle land to productive asset Lower land costs Zoned for development Access to power lines Generate clean energy locally Decrease greenfield development for energy Title of Presentation Location DD.MM.YYYY Author Occasion 19

20 Brownfields to Brightfields Resources RE-POWERING AMERICA State and federal incentives for renewables MA DOER Guidebook for developing solar on landfills MA DEP Clean Energy Results Title of Presentation Location DD.MM.YYYY Author Occasion 20

21 Thank you! Gehrlicher Solar America Corp. 21 Fadem Road, Unit Springfield, NJ T T (Toll Free) F usa@gehrlicher.com