New Jersey Profile Renewable Resources Wind: Shore, highlands Sustained winds of 11 mph Solar: Today 59 MW PV solar 3450 installs 3 MW Biomass 2.7 MW

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1 New Jersey s Clean Energy Program Small wind Working Group Meeting December 19, 2008 Mark Loeser CORE Account Manager Market Management Team

2 New Jersey Profile Renewable Resources Wind: Shore, highlands Sustained winds of 11 mph Solar: Today 59 MW PV solar 3450 installs 3 MW Biomass 2.7 MW Wind Output ~1200 kwh AC Biomass 25% composed of organic & urban residues (food wastes) Government Activism 20/20 RPS plan 20% GHG legislation Energy Master Plan BPU commitment RGGI Tomorrow 1,500 MW Solar 3,000 MW Offshore Wind 200 MW Onshore Wind 900 MW Biomass

3 New Jersey s Solution

4 Customer Energy Management Hierarchy Higher Investment with Longer term ROI Renewables Efficiency Conservation Lower Investment with Near Term ROI No Investment Behavior Change

5 2009 Renewable Energy Program The Renewable Energy Program will continue to support solar electricity, small wind, sustainable biomass equipment, and fuel cells. On-site behind the meter still capped at 2 MW, but these rules are being reviewed Community Renewables (one large system for multiple building) rules are being developed Rebates for small solar systems (probably < 50kW) Financial incentives for wind and biomass projects will stay the same. The SREC program (non-rebated projects) will continue to be promoted SREC securitization and Utility Company solar loan programs are being developed

6 2009 Renewable Energy Program - Wind Market The required wind resource (>11mph) is along the shore and highlands. Best example of installed project is at ACUA, similar interest building among utility authorities at Union Beach, Cape May and other coastal municipalities Small wind projects have run into home rule issues; model ordinance adopted by Ocean Gate and other municipalities. $7.5 million in 2009 funds set aside for wind

7 2009 Renewable Energy Program - EPBB Wind Program Incentive is calculated using the Expected Performance Based Buy-down (EPBB). Expected performance based on turbine output for: Specific turbine Specific site wind resource at the desired hub height The EPBB is designed to produce higher rebates for projects that maximize power production More closely calibrates with goals defined in the Renewable Portfolio Standard (RPS) and the Energy Master Plan (EMP).

8 2009 Renewable Energy Program - EPBB EPBB Incentive levels Annual Estimated Production Incentive Level 1-16,000 kwh $3.20 / Annual kwh 16, ,000 kwh $0.50 / Annual kwh This is different than the previous wind incentive level which was calculated on the capacity of the system. Factors included in calculating annual input Cube of the wind speed Swept area Air density Wind shear Turbulence intensity

9 2009 Renewable Energy Program - EPBB Wind turbine manufacturers accepted by the program: ARE Endurance PGE Scirocco Vestas Entegrity Bergey SWWP Proven Jake Wind Energy Systems Fuhrlander Gaia Ventera Enertech Northern Power systems If a wind turbine is not presently accepted by the program the following information must be provided Power curve based on one year of actual energy production data Third party certification form the manufacturer based on the power curve To apply to the program applicant must complete a pre-application for guidance purposes

10 2009 Renewable Energy Program - EPBB Obtaining local average annual wind speed Wind maps for no charge are available at: A wind resource site assessment may be performed even though the average wind speed can be determined from the wind maps Site assessments are performed by; Certified site assessor evaluates topography and site characteristics to give a more accurate evaluation Engineering firm performs detailed site assessments including wind speed analysis based on anemometer readings Anemometers from Anemometer Loan Partners

11 If you have any questions about New Jersey s Clean Energy Programs, please feel free to contact: Mark Loeser at mark.loeser@csgrp.com Phone