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HomeMy WebLinkAboutCVE North America Southold Transfer Station Solar PV + Storage Project F �a ii iF Bid Representative: Travis Scott North AmerGoa Cham-ixq V'x's a".. Solar Site Originator, New York travis.scott@cvegroup.com 301-254-2923 109 W 27th Street,8th Floor, New York, NY 10001 1 I. Cover Letter July 14,2020 Town of Southold 53095 Main Road Southold, New York 11971 RE: Request for Proposals for the Leasing of the Cutchogue Landfill Property To whom it may concern: CVE North America, Inc. is an Independent Power Producer headquartered in New York City. We are excited for the opportunity to submit the following proposal to develop a Solar+Storage renewable energy system on the Town of Southold's landfill. This renewable energy system will be compliant with all project design guidelines and specifications set forth in the town's solicitation. CVE will procure and install all necessary equipment and materials to furnish a functioning renewable energy system—as an IPP we own and operate all of our systems around the world throughout their entire project lifetime,so it is our business to ensure that these systems are constructed with best practices. OUR OFFER • CVE will lease the land and rooftop identified in the RFP for a flat$75,000 per year,for an initial term of 25 years,with payments to be made monthly. After the initial term,CVE will have an exclusive option to extend the site lease for three additional periods of five years each,for a total potential lease period of 40 years. o At the contractual start lease payments,CVE will make an advance lease payment of $225,000, equivalent to three (3)annual lease payments. This payment will be applied to the final three (3)years of the initial term (i.e.years 23, 24 and 25). o The lease will contain a buy-out schedule in the event the Town elects, in the future,to pre-pay the remainder of the term. • Upon award of project and execution of the agreement between CVE and the Town of Southold, CVE will place$25,000 into escrow while we develop the project and submit our applications. These funds are intended to help cover some of the administrative costs for the town and will be fully disbursed to the town as soon as CVE has signed our interconnection application with PSEG and received written acceptance into the VDER program,or CVE determines it is unable or unwilling to execute a lease agreement with the town due to unfavorable interconnection or VDER results. Our plan is to develop a minimum 3MW AC community solar project that will participate in the VDER program, not in the FIT tariff as outlined in your solicitation. We believe that participating in the VDER program will allow us to deliver more value to the local community solar subscribers that the project will be servicing. The bulk of the project will be a ballasted system that will sit on top of the landfill,with the possibility of some solar panels attached the roof of the building on site. 2 CVE successfully developed and constructed a 4MW ballasted solar system on a brownfield in 2018 and in 2019 won a bid to develop another brownfield site that should be completed in 2021. Our project team will include our construction partner(currently building 5 ground mount projects in MA for us) and a brownfield consultant, both of whom have built tens of MWs of ballasted solar farms on landfills. We look forward to working with the Town of Southold on this exciting project! Sincerely, David Froelich Director,Solar Business Development II. Executive Sumrr CVE North America, Inc. is a part of CVE Group. CVE is an international Independent Power Producer(IPP) of renewable energy established in Marseille, France in 2009. Our proposal is built upon proven success- based methodologies for developing and operating solar farms in France,Chile,Africa and North America. The group employs 172 people and currently has 300MWs in operation and construction with an additional 1,300MWs in our portfolio. We have over$500 million dollars invested in our assets globally and have$60 million dollars in electricity sales annually. CVE Group's business spans three fields: Solar Photovoltaic, Biogas, and Micro-Hydro. The Group's business centers around four activities: Develop, Finance, Build, Manage &Supply energy. 1. DEVELOP. CVE is one of the most experienced developers in the Northeast, having successfully enrolled over 31 MW's of power in the Massachusetts SMART program, all of which is currently under construction. 2. FINANCE. CVE Group subsidiary CVE Green Finance specializes in raising investment capital for renewable energy projects. With a team's financing experience totalling over 1,250 MW of renewable energy projects on four continents,CVE Green Finance is able to create tailored Power Purchase Agreement options for the projects in the RFP. 3. BUILD. With in house engineers and construction managers, CVE directly oversees the engineering, procurement,and construction of our projects.CVE has experience building rooftop, ground mount, carport and landfill project all over the world. 4. MANAGE & SUPPLY ENERGY. CVE Group maintains its own O&M division which oversees the operation and maintenance of all CVE facilities. The CVE O&M division rigorously monitors the facilities it owns to confirm they are operating to their maximum potential, and consistently supplying energy to CVE's customers. As a testament to CVE quality, CVE owned assets average 1%a year downtime,as compared to the industry average of 2% per year. Municipalities and local counties are privileged partners for CVE, enshrined in the company vision to "Create tomorrow's energy models by producing and supplying local renewable energy to meet the environmental and energy needs of businesses and communities."CVE has developed a global offer for municipalities or local authorities around three major principles: -h Making reliable and effective proposals tailored to the local needs Working in full transparency and very closely with the communities Selling our energy through direct PPAs and other ancillary services 3 To achieve this, our Group will cover and be responsible for the full life cycle of the projects, from preliminary engineering to decommissioning. Acceptance of renewable energy projects by the communities is a critical component of their success. To this extent, CVE has, when possible, offered to local entities to be co-owners of our energy plants and, sometimes, to local communities to finance the projects through crowdfunding initiatives. CVE North America is a New York based company headquartered in New York City. Based on our construction and IPP experience,CVE was approved as a NY Sun eligible installer under the non-residential programs in both the Upstate and Con-Edison service territory programs.As such CVE is eligible to receive incentive funding under the NY Sun program for the projects proposed under this RFP. As an IPP CVE intends to own the assets offered in this solicitation. It is CVE's long term view that drives one of the core principles upon which the companywas founded,that of quality.To build assets which last and produce electricity as projected is CVE's business. 4 III.Experience & Qualifications '� 1 Team Capabilities CVE Group consists of over 172 employees with the capabilities to develop,finance,construct,and operate solar PV production facilities in-house. Below are some of the key figures that will play a role in the development of this project. IL �I At:' '� - '•,-SAF V � _ ,rte_ _- ,rv' bac ;�-y! •er 5 CVE GROUP - KED' PERSONNEL G E N ERA L M AN AG EM ENT ,'. Arnaud REAL Herv6 LUCAS "* Pierre de FROIDEFOND Director of Finance Co Founder Operations Co Founder Development r.. Jean-Christophe Cyril Gilot �' Florent Bourdier Benoit Remy Thibaut Delespaul Urbani Julien Colas Investment Construction Procurement .* Vlce President Technical Director Director Director O&M Director Director NORTH AMERICA Jacob Frantz And Outreach Shade Jaiyeola Victor David Froelich rt#tiur Allio ,Carson Weinand. A Community Director aa` � Protect Finance Zetterberg f3irector of _ > Manager Program Manager ODM Engineer Business Development Engineering Developer � New York Resumes of key personnel Jean-Christophe Urbani—Technical Director Management of the technical team for African business unit Technical Director Head of Engineering for CVE Group 2017- (CVE Group) Present Transversal and technical support to the CVE subsidiaries (US,Chile) Scope of Work and EPC contracts management Thibaut Delespaul—Vice President North America Head of the North America Region Vice President North America 2015- (CVE) 4.'* Definition and implementation of the strategy Present ❖ Management of the US team Arthur Allio —Construction Manager ❖ Construction contract negotiation and contract management Operations and Technical 2016- ❖ Project management and budget follow-up Present Manager (CVE North America) .'. Technical specifications and exhibits(Scope of Work, Performance Test,Commissioning procedure,etc.) David Froelich —Director,Solar Business Development ❖ Oversees all business development activities for existing Director,Solar Business Development portfolios in New York and Massachusetts 2020- (CVE North America) Present ❖ In charge of strategic planning/market intelligence for the group Carson Weinand—Project Developer ❖ Oversees all aspects of project development 2020- Project Developer Present (CVE North America, Inc.) ❖ Works with subcontractors and partners to develop and permit each project 7 Jacob Frantz—Finance Manager ❖ Manage all finance aspects specific to the region including capital budgeting, treasury forecasting, project financing, accounting & cost control, tax & legal compliance and performance reporting 2019- Finance Manager ❖ Lead strategic activities including project life cycle Present (CVE North America, Inc.) management, processing time reduction initiatives, operational dashboards & metrics and financial model simulation ❖ Advise on all developments related to bank and tax equity partners,external CPAs,auditors and project financiers Victor Zetterberg—Operations and Maintenance Engineer ❖ Operate a fleet of utility scale PV plants in Northeast USA Operations and Maintenance ❖ Organize preventative and corrective maintenance 2019- Engineer measures to ensure the longevity of our systems Present (CVE North America, Inc.) ❖ Utilize online monitoring systems to analyse energy data and deploy quick response efforts to maintain production targets 8 3.2 Project Development Experience International experience CVE owns and manages solar installations in France, Chile, Africa and the US, located on farm buildings, rooftops,carports, industrial and communities building and landfills. PV buildings PV greenhouses Large PV rooftops may, � c Is PV canopies Ground-based plants We have highlighted two of our installations as their characteristics relate more closely to the Southold RFP. For additional references and more details, please refer to the Projects references attachment. US Experience-Massachusetts: CVE successfully permitted, qualified and is currently constructing six projects totaling 31 MW for the Massachusetts SMART program.This places CVE among the top developers for capacity awarded during the opening of the program. See below link published by Mass DOER of all the projects submitted into the SMART program as well as CVE's portfolio specs: https://www.mass.gov/info-details/solar-massachusetts-renewable-target-smart-program#applications- update- Landfill for the Aix-Marseille Provence Agglomeration-France: CVE won in May 2019 a 2.7 MW tender organized bythe Aix-Marseille Provence Agglomeration(equivalent to a US county)to give a second life to a municipal landfill site in the town of Mallowmort.This innovative project,which entails a municipal co-ownership, is located on and will be going through permitting in 2020 and be built in 2021. 9 Landfill for La Couronne—France: CVE has developed and built this groud mounted plan installed on a 16.5 acre former landfill. The 4MW power plant is located in the South of France and was interconnected in April 2018. For this project, CVE group was able to adapt to the constraints of the site, specifically the need to take into account the presence of a biogas network, the need to protect a membrane on the the dome from any perforation, the need to maintain access to piezos allowing the monitoring of groundwater, and the need to maintain already present stormwater management networks. CVE Group was able to carry out all administrative procederes and technical studies to put this project into service. CVE Project Financing Expertise To reinforce its financial excellence, CVE created CVE Green Finance, a separate legal entity specifically focused on building a network of long-term partners and financiers. CVE Green Finance manages external stakeholders dedicated to capital investment under several strategic vehicles. In addition, the entity raises project financing from local and international banks, both for CVE internal projects and for projects in which CVE will act as a minority investor. By facilitating direct investments in third party non-core assets, CVE is able to increase its access to the capital pool and,consequently,lower its weighted average cost of capital (WACC). The CVE Green Finance team is composed of 14 individuals and the breadth of the team's experience includes: 1,252 MW of renewable projects financed around the world $6 billion+worth of infrastructure transaction 10 3.3 Operations and Maintenance Experience CVE owns and operates 178 MW across 429 projects. We are located in 4 continents dating back to 2010. We have 1 operating facility in the state of Massachusetts and 6 more to go online before year end. 95owaRwn]�§ggya x+oiJ.a3]•li :soRmRx.., uaxttf amovcRw. .. :i1 iFlAa4 oe�1 IW,a•• lv,nMkh'�'••�i u itn.,•: ImRRn RN'n R.rr c.•M�`+Q,=f,F'sa�-�'d:'ri'� y'F��,°�'�°s$'��d'�'•�F�a�rA���'�r�.�k.�'��+�pd''8lec'+,{''�'�'tfi�$'ry� :~y''.����"t�'~e��'�.>*�s''�P��+r"''w��°"��,�*�d'a�'y,¢",R•`-�;+, -,. Here is the monthly expected (blue) vs actual energy production (red) for a 6 MW greenhouse project in Canterrane, France. .. •,ams r IN .R,.RaRu. vain _ � arx• - �,-,',0�,,""/ :nW,i �,//'P"/�l� / ,"a+ , i' ,F i ",,,//uFiX - r ,.,,rPr�'//�'°�'' Here is the monthly expected (blue)vs actual energy production (red)for a 2.5 MW greenhouse project in Cruas, France. 11 r xx nR35Nv;• xnp�rc.a 333 nrcx Wae as -1 to x..,:x ir ,..,.0 Here is the monthly expected (blue)vs actual energy production (red)for a 10 MW ground mount project in Saint Antoine d'Auberouche, France. CVE is an independent power producer that only performs operation and maintenance services for our own assets.On average our assets perform at 99%availability. To monitor our assets,we use Qantum solutions software provided by QOS Energy. • i Under Management QOS ENERGY 1 POWERS QANTUM® Clients Users ofthe Qanturn Platform QOS Energy is an innovative independent software vendor specialising in data intelligence cloud solutions for renewable energy companies.QOS Energy operates in 23 countries 23+ worldwide,with offices in Europe,North America and India, Countries of Operations E vu-. 1: ---- --- - - -- -- -- --- r r...: Offices In Europe,India.NI America i Employees Energy Engineers,Software Acquisition Speril.. . Scientists snippet courtesy of gosenergy.com We have daily production and alarm management follow-up along with quality check. Reporting of our plants production and of its associated performance indicators is done on a monthly and annual basis. 12 '� 'I Energy Production Assurance Prior to Commissioning and as part of the Plant Acceptance Tests, CVE works a performance ratio test based on the NREL weather corrected performance ratio to make sure that the system will produce as anticipated during the detailed engineering studies. The Performance Tests and Commissioning Tests procedure shall be agreed prior to construction. Calculations involve the following major steps for every data record (or time interval) where the irradiance is sufficient for inverter operation: Present method to calculate operating cell temperature from ambient and meteorological measurements. Determine the average PV cell temperature for the solar park from the project weather file simulation. Calculate the predicted PV cell temperature from measured meteorological data for each 15- minute period. Use the measured irradiance to calculate the theoretical temperature-corrected DC energy. Determine the measured weather-corrected PR. Compare with guaranteed values CVE will align our PR tests with the production expectations to ensure these sites are built to meet our terms. CVE is very confident in our ability to maintain that performance. Across CVE's portfolio, our assets operate with an availability around 99%. CVE has never been fined or penalized for under performance. CVE has worked with several independent engineering firms such as DNV GL as well as Black & Veatch to dial in our energy production model. >.5 Additional Services & Capabilities As independent renewable power producers, we add great value to the environment we inhabit and the communities we serve. Beyond our original mission to provide clean energy to homes,municipalities and businesses,we are able to provide additional services that will add environmental and social value to our projects. We will organize educational workshops for children and young people in order to teach them about sustainability issues and clean energy. We will hold regular"discover solar" picnic for adults and children of the town. This festive event will be the occasion to teach residents about solar energy and to answer any question they might have about the installation. In order to create a link between communities and the solar installation and to sensitize them to sustainability issue we will allow park visitors to monitor the production of the installation and see the equivalence in carbon emissions avoided,tree planted and cars off the road.This will be done through an onsite screen at the landfill as well as through a website and mobile application. As a way to specifically engage children and make them discover solar energy, we would like to set up an "Adopt a panel" program in Croton point Park. First taking the form of outdoor educational workshops in 13 the park and visit of the solar site in small groups, this program will encourage children to learn about renewable energy and will teach them some small steps they can take to protect the environment. Licensing CVE North America, Inc. is an active member of SEIA, NYSEIA,CCSA,SEBANE and REEBA and participates regularly to Solar Convention events. Currently CVE has a contract with Pure Power Engineering to review and stamp our electrical drawings. Richard A. Ivins is the owner/engineer on record there and is licensed in the state of NY, PE#091197. On the civil permitting side,CVE contracts Tectonic Engineering to design and stamp our civil plans. Louis J.Greco NY PE#098829& Lara A Pruschki NY PE#096524 have completed civil designs for CVE. 3.7 Claims, Bankruptcy & Qualification Has your firm ever been required to pay any fines,compensation or restitution, No been subject to a consent order,or been found guilty of or pleaded no contest to being in violation of any federal,state or local environmental laws, rules or regulations. Has your firm ever been required to pay any fines,compensation or restitution, No been subject to a consent order,or been found guilty of or pleaded no contest to being in violation of any federal,state or local environmental laws, rules or regulations. Has your firm ever been declared in default or terminated for cause under a No construction contract or PV generating project contract? If"yes" provide details of that situation. Has your firm or any predecessor to your firm,or any of its owners,officers,or No partners ever been found liable in a civil suit,or found guilty in a criminal action,or for making any false claim or material misrepresentation to any public agency or entity? If"yes' provide details of each conviction. Has your firm or any predecessor to your firm, been in bankruptcy any time during No the past five years? If"yes" provide details of such situation. In the past five years, has your firm or any predecessor to your firm, been denied an No award of a public works contract based on a finding by a public agency that your organization was not a responsible bidder? Has your firm's license been suspended or revoked at any time during the last five No years? Is your firm currently ineligible to bid on,or be awarded, or perform as a No subcontractor on a public works contract? At any time during the last five years, has your firm or any of its owners or officers No been convicted of a crime involving the awarding of a contract of a government construction project or the bidding or performance of a government contract? Has your firm been assessed and paid liquidated damages for a project under No contract with either a public or private owner? Has your firm or any predecessor to your firm,or any of its owners,officers,or No partners, been debarred,disqualified, removed or otherwise prevented from bidding on or competing for any public works project? 14 Has your firm had any claim concerning contractor's work on a construction project No been filed in court or arbitration? Has any insurance carrier,for any form of insurance, refused to renew the insurance No policy for your firm? Has your firm ever been denied bond coverage by a surety company,or has there No ever been a period of time when your firm had no surety bond in place during a public construction project when one was required? Has your firm ever been required to pay either back wages or penalties for failure to No comply with NY State's prevailing wage laws or the federal Davis-Bacon prevailing wage requirements? rrroposal Narrative .1 Implementation and Management Plan We have developed rigorous and realistic planning assuming an award date in September 2020. Our implementation schedule is contingent on the different development items which are beyond control of CVE North America and shall be adjusted as necessary: Final Interconnection schedule will be known once CESIR has been completed and payments have been made to PSEG Once we receive our CESIR back from PSEG,we will also require an official acceptance into the VDER program before proceeding with the project Permitting delays beyond our control might occurs while developing this project due to the fact that it's a landfill The following is an outline of our development activities: Design/Engineering # CVE will provide engineering documentation # CVE will design the System in accordance with this bid solicitation's requirements # CVE will design the System in accordance with Legal Requirements and all Utility requirements. # CVE will design the System to have a minimum life span of twenty-five (25)years. Permitting CVE is responsible for securing and closing out all Non-Ministerial Permits and Ministerial Permits The CVE will fulfill any and all town requirements for building and electrical permits, including required landscaping and vegetation management Per Contract Documents. Construction Management CVE will prepare and deliver to the Town of Southold reports regarding design and/or construction status on a weekly basis and will keep the town informed throughout the process of the Services and the Work. At a minimum,CVE will be available for monthly conference calls to discuss project status. 15 CVE will have a designated general superintendent/safety activity coordinator. CVE will have a general superintendent or representative responsible for the construction oversight,employed by CVE or its Subcontractors,on-site at all times when Work is being performed. Construction CVE will construct the System in accordance with the engineer(s) of record's guidelines and pursuant to all other requirements of this Agreement and the other Contract Documents. CVE will assemble, construct and install, with its own labor resources and/or Subcontractors, the following hardware and materials to include, but not limited to photovoltaic modules, AC and DC wiring, DC junction boxes, AC and DC disconnects, inverter(s), combiner boxes, conduit, electrical switchgear as needed, transformers as needed, data acquisition system and meteorological station(s), revenue grade meter(s), security components including fencing, module mounting system and all other components, parts, products and materials to complete the construction of the System. CVE shall clear array area of any trash and debris. CVE is responsible for providing drinking water, construction water and sanitation facilities for all workers at the Site. Execution CVE shall be responsible for any surveying and/or layout as required to complete the Work.CVE will verify all clearances in the field prior to construction. # CVE shall maintain a clean and workmanlike job site. # CVE will be responsible for coordinating and hosting Site inspections & meetings by Governmental Authorities and the Utility. # Authorized and trained technical personnel will be used for the commissioning and or startup of the inverters,and monitoring system. # CVE shall be responsible for all site preparations Completion CVE will commission the System in accordance with industry standard practices.CVE shall coordinate and work with manufacturers,as necessary,to complete commissioning of all System components. CVE will provide the System Operations & Maintenance Manual with maintenance protocols based on manufacturers' recommendations and requirements to ensure manufacturers'warranties remain intact at Final Completion. CVE will work with the Town of Southold designee in the System operation and emergency procedures as well as standard inverter shut down and restart procedures, each of which shall be documented in writing with copies for the Westchester County. Delivery,Storage,Access,and Handling # Equipment will be stored and handled by CVE in the area indicated by the Town of Southold # Equipment shall be rated for its location (indoor/outdoor) and will be securely stored outdoors by CVE in its factory packaging until installed. # CVE shall be responsible to fully inspect shipments for damage and report damage to the manufacturer. 16 Safety CVE agrees that project safety is a top priority in connection with this Project. As part of the essence of this Agreement, CVE shall follow all State License Board requirements, Uniform Building Code, NFPA 70,OSHA, National Electric Code requirements,and comply with all applicable safety codes,standards and laws. # CVE will develop a site-specific,OSHA-compliant safety plan and submit it to Westchester County for review prior to the start of construction. # No individual will operate a piece of equipment on which they have not had certification training. Quality QA/QC documents shall be updated regularly and kept on-site by CVE for the Town of Southold and PSEG review if requested. CVE will contract an independent Engineer to perform third-party assessment during pre- construction, engineering, construction, commissioning and to run independent performance test Use of Site CVE shall perform the Work at the Site in a manner that is designed to minimize inconvenience to and interference with PSEG and the Town of Southold's use of the Site to the extent practicable. Ground-mounieu spoor ic- Landfill Projects present their own unique challenges from the standpoint of civil and environmental design. Based on our extensive experience of development in NY state, CVE has established a detailed process for development and pre-construction activities and studies which must be undertaken to meet local,federal,and state permitting requirements. Environmental studies # Steep Slopes Permit(Planning Board) # Tree Removal Permit(Planning Board) # Stormwater Pollution Prevention Plan (SWPPP)/ MS4 Acceptance # Boundary,Topo,Wetland (Advanced Concept) # Survey(ALTA) # Site Plan # Mobilization of ATV Mounted Drill Rig # Soil Restoration # Soil Resistivity # Field Inspection # Laboratory Services # Geotech Study and Report # Stormwater Management Design # Stormwater Quality Design # Slope Mapping # Pre-Meeting with Town 17 Landfill speuw Civil consideration The array layout shall consider the topology of the site.Tables shall be preferably installed in area of low slopes,anticipating slippage of the racking ballast blocks and shading on the modules. In order to avoid excessive compaction or penetration of the cap geo-membrane,the construction trailer (and all facilities)will be placed outside the waste storage area. Given the typology of the site, we will not create trenches. Therefore, the most adequate solution, and which was implemented by CVE in similar landfill projects, is the use of fiberglass cable tray. The tests showed that heavy equipment could circulate without altering the site. This method of laying with superficial burial allows circulation across the array during construction but also over the lifetime of the project (for maintenance and mowing purpose). In order to preserve the organic topsoil,it is preferable to use track-laying vehicles and to avoid performing the work in rainy parts of the year. Structural consideration The foundations for the racking system(supporting the modules)will be made of concrete ballasted block. This anchorage mode is suitable for the typology of the site to prevent drilling the ground and preserve the integrity of the site. The racking structures height shall be adjustable to compensate potential future ground softening,differential settlement and slope instabilities.The following picture shows a typical system: -t 1 The size of the concrete block and racking elements will be determined during detailed engineering phase, based on geotechnical and hydrological studies. In this pre-project phase, the distance between rows has been analyzed and defined according to the slopes of the site and limiting the mutual shading of the module's table. 18 4.2 Site Lease Agreement CVE is proposing a traditional site lease with an upfront 25-year term,followed by three five year options to extend the lease. Here is a schedule of payments to be made by CVE: • Upon winning the bid and executing the agreement between CVE and the Town of Southold, CVE will place $25,000 into escrow while we develop the project and submit our applications. The town will receive these funds to help cover administrative costs as soon as CVE has signed our interconnection application with PSEG and received written acceptance into the VDER program, or CVE determines it is unable or unwilling to execute a lease agreement with the town due to unfavorable interconnection or VDER results. • CVE will lease the land and rooftop identified in the RFP for a flat$75,000 per year,for an initial term of 25 years,with payments to be made monthly. After the initial term,CVE will have an exclusive option to extend the site lease for three additional periods of five years each,for a total potential lease period of 40 years. o At the contractual start lease payments,CVE will make an advance lease payment of $225,000, equivalent to three (3) annual lease payments. This payment will be applied to the final three (3)years of the initial term (i.e.years 23, 24 and 25). o The lease will contain a buy-out schedule in the event the Town elects, in the future,to pre-pay the remainder of the term. Communications Plan If we are successful in our bid,we will immediately reach out to all pertinent, site specific representatives to set up and coordinate all of our necessary development activities. We will also reach out to the respective town planners/building inspectors, as well as begin the interconnection process with PSEG. Almost all personnel working on this RFP are based out of the same office in New York City. CVE takes pride in our transparency with our partners,and the County and Authority will have direct access to both our data and our personnel. Depending on the preferences of the Town of Southold,we are more than happy to use the same tools we use to facilitate discussions internally with them, including but not limited to One Note,SmartSheet, Microsoft Drive and Microsoft Teams. Tools such as these will be used in conjunction with quarterly, in person meetings to update the various authorities on the projects. 4.4 Financing Plan Source of Equity CVE Group is financed by several sources of funding: At parent company level,funding is originated from a combination of individuals and institutional shareholders and bondholders: - So far, more than $130M has been raised from individual investors under the form of equity and quasi equity 19 - $110M has been raised under the form of bonds of which $40M from institutional investors In every country in which it operates in (France,Africa,Chile and North America),CVE Group has constituted one or several Investment companies dedicated to hold the project investments AMOUNT RAISED BY CiL, Institutional 1 I shareholders C $130M raised Institutional bond $$8M holders raised Individual 11 I C �{ holders 5IOM raised , managing $62M OperatingCVF raised �: il: dedicated to l Companies Holdings investment ject 1211M raised Project fi , . , banks 1 � Project Financing Strategy Project financing will use a combination of: Construction loan Tax equity Traditional debt Company equity CVE will utilize its network of financial partners to finance this project. CVE Green Finance is currently raising the financing for a 31MW portfolio of assets awarded under the Massachusetts Smart program. In addition,CVE Green Finance has employed Next Power Capital to support the group in these proceedings. We have bound some close relationships with the following: • Tax equity partner: Fifth Third,Seminole, REA Spectrum, Enhanced Capital, NTCIC • Construction and long-term debt:Seminole, Live Oak, Wunder Capital, KeyBank In addition,CVE has never experienced an event of default or credit issues in its ten years of operation. 20 Financing Structure Each project will be placed into a dedicated SPE owned by the CVE Investment Holding dedicated to US projects, as shown here after. SPE SHAREHOLDING STRUCTURE CVF Green Finance managing Institutional bond holders dedicated to projectinvestmentN CVE 1 Paul] c NorthAmerica Investment 1 I I C dedicated to project 7 $8M Equity investment EP(Contractor Commitment .4 4- Project finance ConstructionL IL banks CI&M ContractorLoan& Long Term Loan Tax Equity Partner 4.5 Production and Revenue Forecasts As discussed earlier,CVE has worked with several independent engineering such as DNV GL as well as Black &Veatch to dial in our energy production model. Detailed PVSyst reports for all sites available in technical appendix. 8760 performance and weather files used to create these reports are available upon request. As NY developers,we work with VDER very closely and are used to the fluctuations in the compensation rate. 21 4.6 Operations and Maintenance Plan • : : OVERVIEW Asset Management Operation Maintenance Other OPEX Commercial Management rechnLCdl activities PIV Plant(electrical, -insurance Financial Management Monitoring mechanical) Energy trading Performance Management Troubleshooting RV Site(cleaning,mowing) Warranties(availability, Oversight of O&M Performance analysis General site(fence,doors, extension forinverters) Reporting bulding) Grid utilization fees , . I INHOUSE EXTERN {line (( Services from Group )) Outsourcing in the simulator) or Direct costs to SPV As a renewable energy producer, the CVE Group dedicates a lot of effort to the proper monitoring of its plants in order to keep the plant operational at all time. The line between the revenue and the operating expenses is the key that will guarantee the good economic balances of the latter over the entire duration of the project. As the operating costs are fixed and almost incompressible, keeping the operating expenses under control is the key to success and will ensure economic viability over the entire duration of the project. Hence, operation and maintenance services are the major challenge for this kind of project. The monitoring of the operation of our plants is done from our control room based in our office in New York and our headquarters in France, assuring redundancy and extended working hours. CVE group is equipped with an advanced control room allowing real-time monitoring and optimal reactivity to process alarms and events. 22 softwareCVE has developed a long-term partnership with QCS(Quantum Energy) platform. provides remote -d b- Instantaneousod # Event and alert management # Current and voltage from inverters or module equipment# Status of the different WON— Wownership W .,. Additional services 23 Guaresntees: -Ptan1 commissioning -Availability -Audits -PR -PIan1 design review f -;energy 1 Ytetcl Repawering -SGAllA lnstallatian In case of an event detected by our teams and/or automatically triggered by the quantum software (different level of attention depending on the type of event), our teams would open a ticket and send technician on site. An operating report is established each month by our teams. In addition to the recovery of all the operating and maintenance data listed above,it compares the actual production with the expected production which is calculated by a Simulator considering a set of data (type of panels, orientation, geographical area, weather, etc...). In case of underperformance, other corrective actions are then put in place to optimize the production of the plant. MAINTENANCE F DC array Inspections/te5ting Module cleoning MV/HV switchgear maIntenancef Tracker maintenance vegetatlon abatement rr SCADA&.sensors maintenance Emergency/safety •• _ I` Outage response/clagnosis 3 Spare parts storcoge&TnventofVr- General Site Maintenance -Site seCUF11y5urveillance Water&waste management Roacisr.fences,buildings Pest control Preventive maintenance In order to guarantee the durability and quality of the plants over time,a preventive maintenance visit is organized every year on each site. This visit carried out by a specialized operator, includes the following interventions: # Visual control of the power plant # Cleaning the panels by a cleaner robot # Control of all inverters,connection boxes and chain of panels throughout the installation Panel thermography Curative Maintenance In order to guarantee a high production availability of our fleet, our internal processes predict that two types of troubleshooting can be triggered on our plants through our maintenance contracts: 24 #` Type 1:verification of failure levels 1 and 2 and on-site intervention of a previously identified local electrician trained in installed equipment. # Type 2: further investigation of the breakdown (levels 2, 3,4 and 5) and eventual replacement of a defective part by a company specializing in photovoltaic. 4.7 Decommissioning Plan CVE has recently contracted Tighe & Bond to prepare a decommissioning plan for a project being constructed in Massachusetts. Using that plan as a baseline, we will implement a similar decommission bond plan for this project that will cover all the associated costs for decommissioning this project safely. nsurance CVE North America will execute and maintain insurance in the name of the SPE with the Lenders,Town and any Subcontractor(and its Personnel)as additional insured. During the construction and operation,the policies to be purchased by CVE North America to protect the project are: # Construction All Risks/Operational All Risks # Advanced Loss of Profits during Construction and Loss of Profits during Operation # General Liability(only for the Principal's and lender's benefit) # Any other insurance required by law or by prudent industry standards CVE North America will make sure that any Subcontractor will as a minimum and at its expense take out and maintain in effect,during the performance of the Works,the following insurances with Insurers which must be reputable and financially secure. General Liability with a minimum limit of$5,000,000, in conditions acceptable to the Principal t Workers Compensation cover/health and benefits insurance as required by law. # Automobile liability # Any other policy that shall be needed according to prudent contractor # practices and legislation in force Upon request by CVE North America,any Contractor must provide certificates of currency as evidence that the required policies are in full force and effect. ,.9 MWBE and Vendor Responsibility CVE North America and its dedicated SPE will fully comply with the provisions of New York State Executive Law,Article 15A and the rules and regulations set forth in 5NYCRR, Part 140—145,as necessary. 25 V. Technical • • • • - SUBJECT 5.1 Proposed System Overview { t a. f 1 tt - i m 5.2 Proposed Equipment List aMr'^d ia. F �Irl�l�li _ I �14�r1� X91 rill &yl re-r. �HLLS {{ Q.AMMTEiCHNCLOOrLOW LEVELISED0057OFELEC"ICITV I Dgher viad par eulaoe area,12 a+ 800 cr ^s,how p—, —d cn sf r,="rale o!up rm X0.3% f NATIVE LL-W EA1-.TEC"11L4G1 Qphrnryl ylddl,nhemv¢r L vreelFgrvilli oaoellRy>i law-lpht ar 4 klrnpwoMrq hehwei,r �ys{. ENDURING HIGH PERFORMANCE '..1 Long-term yiald9worAYwilhAnt,LID Tar,4rology-Art,RD `rectrrrdW.Hot-SW FfobaaamIreceehle QAlty rra.Qll� 067kENM WEATHM RAfW O - Hgh-tech aka skim aW trains,cerSriedW high ars-rra I WMPA)aI'd wirrd k5&h RUDPa 0 A RELfABLE INVE5TMEW rr:h�ioe 12-ymr pmdaml sin rerny wid 25ymr Ilf Rnr pgricrmgnG9 wyrrpnryr STATE OFTHE ART UODLJL, TECHNOLOGY .ANTUMDU4caaT%Wr-eacultngedge cat oeparglkm end lnrxr.affm wting wn O.ANTLN 1-echnobgy. a earnuelb*rwo"la w Ecm WaCu-islllg.rreowa Flaw.1"m Smhao uno:o.rwrkr 7u�IMo-larmafnn. 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We are proposing to orient this rack due south at 25°as well maximize system size and production. Revenue Grade Meter Make/Model:Veris Industries E51C3 Guaranteed Accuracy: Current-0.2% (+0.005% per°C deviation from 25°C)from 1%to 5%of range; 0.1% (+0.005% per°C deviation from 25°C)from 5%to 100%of range Voltage-0.1% (+0.005%per°C deviation from 25°C)from 90 VACL-N to 600 VACL-L Revenue Grade Specifications: Real Power and Energy- IEC 62053-22 Class 0.2S,ANSI C12.20 0.2% Reactive Power and Energy- IEC 62053-23 Class 2,2% 5.3 Monitoring System CVE North America has already identified, qualified and partnered with different DAS suppliers. The technical requirements will be adapted based on the needs of CVE and The Town of Southold. The DAS Control Panel and MET sensors equipment will be designed based on agreed specifications. The DAS system will record and maintain historical data for the life of the agreement at one (1) minute intervals for the following: a. Solar PV production in kWh b. Utility grid in and out in kWh c. Environmental data including solar irradiance, ambient temperature, panel temperature, wind speed and wind direction All data can be push via FTP transfer. CVE North America will integrate an Open Architecture based solutions.We do not believe in "black box' solutions, and instead encourage knowledge sharing so that we can provide a tailor-made and dynamic solution (upgrades shall be possible in the future). CVE North America will work closely with DAS supplier, electrical contractor and O&M subcontractor to provide full support during system(s) turnover and on-going guidance, as needed, once the system is in place. CVE North America's O&M manager and construction manager will support the project through its entirety and attend all project meetings deemed necessary (remotely and locally), on an on-going basis from project start through commissioning. 33 anjillI-4 s i WINES ME f. u + , ri a. cveNorth America Changing Visions of Energy y - 3- ,. - _ � i CVE North America is your partner for the complete project life cycle. An in dependent solar power producer and owner operator based in New York,CVE North America deve lops,finanoes,builds and operates so[a r power p[ants throughout the Northeast.CVE is committed to providing long-term ecological solutions to meet the energy needs of businesses and communities.Competitivitg,energy efficiency and sustainability are keg objectives which underpin the group's activities and drive the ambitions of its members. With a target of 350 megawatts of installed capacity by 2024,energy is indeed at the heart of CVE and fuels the activities of the group.The idea is simple:designing an P renewable energy solutions that fit the various needs of local governments, landowners, farmers,local industry, investors and financial partners. Develop • Manage Supply Above all,CVE North America is a group comprised of highly committed individuals who share the same core values and work together as a team.They have developed •Site Identification -Financialengineering Detailed project engineering Management Provision of to the' • an industrial model that is unique,enabling them to address fundamental issues facing today's world and become a leading player in the energy of tomorrow. •Land tenure and propertg -Funding -Sourcing and procurement -Qualitg control -Sale of solar credits though securing -Bank financing set up and securitg -Construction project management -Plant operations communitg solar •Feasibilitg studies -Insurance -Maintenance Direct Sale through PPA QUAt., •Permitting •Interconnection agreements Continuous Improvement is in our DNA At CVE, quality is an integral part of our work and is present in each aspect of our activities.The management of �© �r2 non-conformities guarantees that all internal processes meet company standards. Once identified, preventive and Our presence in the USA �SQ�oa, corrective actions are implemented and shared across the whole organization � IT rig - : .. �� =�ti' rnr• f- O ur commitments s ! • �a Com mit to a new vision of energg:Renewable,produced and consumed locallg '■ •Key figures • .. • .• • . and • process States with projects in operation �fChoose qualitg asa driver of performance 1 Offer business modelscompetitive for . . • . and development 31.3 MW in construction .• • •. 82 MW in development in Massachusetts and New York Take the ■ Prospection states • 350 MW objective 2024 in total capacity V AAIt 4t Share an adventure rooted in human responsibilitg and fulfillment i A to Z project management Partnership with towns and local communities CVE North America has the skills and expertise necessary to manage the entire project development lifecycle,from site origination to plant operation and management. CVE North America aims to support communities to develop competitive renewable energy projects that meet their energy and environmental needs.We systematically Our team is composed of experienced and qualified engineers, business developers as well as legal and administrative experts, all driven bg the same goal.We are engage in early conversation with town representatives and participate in regular town meetings to address every concern and ensure that our projects benefit residents. committed to engage with local communities in every step of the project development to answer to their energy and environmental needs. Attention to detail and We plant trees around our solar array to limit potential visual impacts and give priority to local households to subscribe to our community program allowing them to save rigorous contract management have contributed to the company's reputation for high performance and reliability. energy bg consuming locally produced energy. Selecting land in harmony with Nature Construction Eg controlling each step of the construction process and rigorously selecting our subcontractors,we ensure that our installations deliver optimal technical and financial Our team of local site originators carefully selects sites suitable for solar bg taking into consideration respect of the natural environment and of neighboring communities. performance throughout the whole project's duration. CVE North America builds strong long-term partnerships with construction stakeholders and takes the lead in CVE is in charge of the entire permitting process, from compliance with local bylaws to the respect of wetland protection regulation, so that our solar farms can operation and maintenance to guarantee an optimal competitiveness in the long term. harmoniously blend in with the natural landscape.We work hand in hand with landowners to minimize impacts during construction and are required to remove panels at the end of the project's life. CVE is implementing pollinator friendly seed plantings at all our sites with the goal of creating state certified pollinator friendly habitat at all our power plants. Project Acquisition CVE is also involved in the acquisition of existing photovoltaic plants and performs all technical and legal audits in-house.Expertise in plant operations and maintenance 1 2 3 4 5 6 enables the group to optimize installations and industrial processes.We have realized our first acquisition in 2018 with a 650-kw ground mounted solar installation in Acushnet MA.The installation is now CVE's first community solar project in the region. Opportunity study: Securing land: Detailed feasibility study: Permitting and interconnection agreements Securing energy sales prices and Project Financing and Selecting appropriate Long term leases and Project engineering and contracting customers legal set-up land for solar land purchase evaluation of technical solutions Benefits 1 landowners We empower landowners to get more form their land bg providing revenue for up to 40 wears1 Reliable source e or land purchase No cost to landowners–All maintenance is conducted bg CVE ©A_ L-6 Possibilitlj to maintain farming activities under the solar panels in some cases r i SOLAR ROOFTOPS AND -~"������q���� ��sr��r��„'�r�`��i►�►""�-ter-� � �#`��Ir CVE' Solar Rooftop solution u've Z>Utdr Carport solution To create a new energy economy,it is critical to locate renewable energy in urban areas. CVE is committed to help businesses and communities meet their environmental To do so, CVE is developing photovoltaic rooftops and buildings. We design, install, and energy needs while siting renewable energy projects in spaces that need it the operate and maintain solar rooftop installations adapted to each customer's needs. most. Large parking lots of malls, warehouses or company offices are ideal to host Solar panels are fastened to the roof of a building using a custom integration system '- � y solar canopies and provide many benefits to both the customers or staff and the host and hooked up to the electric grid to help power local residences and businesses. Our company. CVE will work with the property owner and host company to design an solar rooftop solution is flexible and includes several options installation tailor-made to their customer's needs, board's expectations and branding • New and existing buildings requirements. • Industrial rooftops - •Agriculturalr°oftops Protect vehicles from the elements -- - • Possibility to consume the electricity onsite • Protect vehicles from the elements Benefits of solar rooftops • Reliable source of revenue for the duration of the project • No cost to property owner • Reliable source of revenue for the duration of the project f •Onsite consumption options available through Power Purchase Agreement • No cost to property owner r.Ir • Help the host company meet their sustainability goals with an installation • Possibility for CVE to renovate and maintain your roof ' fir, y that produces clean energy • Onsite consumption options available through Power Purchase Agreement , Branding options available on the carports to advertise the host company • Help the host company meet their sustainability goals with an installation ti • Possibility to install charging stations for electric vehicles at low cost that produces clean energy `_ _ i SOLAR GREEN HOUSE AND DUAL USE SOLUTION Separate Land Use on 2 Hectare Cropland CVE Solar Greenhouse solution Dual use solution Farmers and rural property owners are some of our closest partners in site sourcing and development. �_, By working hand in hand with them,we want to provide custom made energy solutions to allow them `� = r_ Thanks to the Massachusetts Solar incentive program(SMART), farmers andtpp%wheat s'- 100%wheat + 100%solar electricity= 1003Swheatlectrieiry solar developers can now combine their skills to produce both clean energy to improve their farming activities while ameliorating their resource use. - solar and food.CVE can design andbuild solar installations high above the ground to letan enough sunshine on the ground for the crops beneath to grow.In many Benefits of solar greenhouses Combined Land Use an2 Hectare Cropland*Efficiency increases over 60% cases,dual use solar farms allow crop cultivation,animal grazing and use of small farming equipment under the panels. CVE is s stematically working • Protect crops from bad weather I 1 a.;, .�, _= _. _ Viiclosely with farming professionals to ensure that the solar installations will be _ _�,_ _� • Reduce or eliminate plant health treatment �= I �i n = Irl y perfectly adapted to the farming requirements. • Produce yields in the off-season • Locally produce clean energy to power farming activities 1 hectare r headre • Help reduce greenhouse gases and meet sustainability goals 1-- 6_� 80%wheat + 80%wheat _ 160%wheat 80%solar electricity 80%solar electricity — 160%solar electricity Fraunhofer ISE 01 y.. ..• e i ELI What is Community Solar? BILL CVE thrives to empower businesses and communities to take part in the transition towards ' �� �r clean energy. For various reasons, 80% of American households cannot install solar at �� _ �' SMAR T��►� their homes. Thanks to ambitious state programs, CVE is developing innovative projects O - �i .. MASSACHUSETTS SOLAR PROGRAM to make solar truly accessible to all. Community Solar is a state sponsored program that SM community solar noo allows residents to purchase discounted green energy produced on our solar farms without having t°install solar Panels on their roofs. 1". Seven projects accepted into the SMART programCommunity Solar has become the fastest growing segment of the solar industry through the The process is simple: CVE builds and maintains solar farm in local communities. The electricity produced is delivered to the grid and ,powers homes and businesses in that area.Working with the local utility provider,we allocate solar credits to community solar subscribers. Those credits-that represent the value of the energy generated minus our preferential discount-will offset the subscriber's electricitvia y bill - establishment of ambitious state programs that regulate and incentivize solar development. In and bringsavings of u to 10%.While paging less for ener subscribers can still use their electricit Massachusetts, the Department of Energy Resources leads Solar Massachusetts Renewable 9 P P y 9 Syr y Target (SMART) to build a long-term sustainable solar incentive program that promotes cost- effective solar development. Halo: Our new community solar offer An ambitious new player in the community solar sector, CVE ranked among the top ten solar In early 2019, CVE NA has launched its own Community Solar Brand: Halo.With Halo, customers can save up to 10%on their utility bill mo —40 developers in terms of capacity submitted to the SMART program in 2018. Seven installations, and contribute to clean energy development,without the cost or hassle of having solar put on their roof. Halo was tailored to answer the WE BUILD solar installations in WE PRODUCE CLEAN ENERGY YOU RECEIVE SOLAR CREDITS YOU SAVE!The solar credits totaling 36 MW DC,were submitted as community solar projects to SMART,and we plan to add needs of an electricity consumer base that is environmentally conscious, technologically savvy,and eager to save money. your area while that is distributed through Based on the energy Produced by are applied to your bill so another ten projects to our North American portfolio with 29 MWDC of additional community Our first community solar project was launched in early 2019 in Acushnet MA.The 650kw installation is now providing savings and clean respecting the environment local electric utilities to the off-site solar installations.No you can save money on your solar builds in Massachusetts and in New York bg 2021. energy to dozens of businesses and families in Massachusetts. and neighborhoods, power nearby homes. need For cables or roof con struc- electricity. tion. i At J Flas�:l�ai t-w Apr• --ci s I �l CORPORATE SOCIAL RESPONSIBILITY If CVE's main goal is to produce renewable energy,we also have a long-term commitment to help protect the planet and its people.CVE ensures that all our Launch of the ISO 14001 certification activities respect sensitive environmental areas and provide natural habitat to local wildlife.We see ourselves as catalysts for positive change in the towns and Since 2019, have"adopted" Preserve in Yonkers as part of our partnership with the Westchester cities where our solar installations are located.We want to be true to our values and do our part;to give back to the people who live there, bg beautifying their Parks Foundation , , - -,120 planting, CVE North America strives to limit the impact of its activities on the environment. Our goal is to integrate community and preserving their environmental wealth. - impact analysis in our quality processes which encompasses the activities of subcontractors as well ,.1 A as our own. Control measures and remedial actions are part of our quality-driven approach. The ISO CVE Green Initiative Our first donation in Acushnet - 14001 certification - that sets out the requirements for an environmental management system - is now LENOunderway. By improving our environmental performance through more efficient use of resources and For these reasons, CVE North America has launched its Green Initiative, For our first project in operation in Acushnet,CVE has assembled a team waste reduction,we plan to be fully certified bg 2020. our corporate giving program dedicated to improving the environmental of local advisors to help us decide what organization should receive NAT i _r awareness and natural habitats of the communities we serve. We our donation. It is composed of an Acushnet Conservation Committee " commit to donate one dollar per solar panel installed for each of the solar member,a professor of environmental policy at Dartmouth and a student installation we own and operate.The donations will go to environmental and climate activist all local of the Bristol County.Thanks to their help,we - pRFSFRVE Q� ADOPT PARK Pollinator friendly nonprofit local to our installation that work in the following areas: have identified and chosen The Buzzards Bag Coalition,an environmental cu w t- R •Tree planting nonprofit based in New Bedford dedicated to the restoration, protection, Mindful of the necessary balance between clean energy development and land conservation, CVE is willing • Land conservation and sustainable use of the Bag. Our donation will support the expansion do its part to ensure that our installations are providing improved environmental benefits to local communities • Protection of wildlife and biodiversity of the Acushnet Sawmill,a 19-acre former industrial lumber yard located - and wildlife.For this reason,we commit to planting native pollinator friendly wildflowers and plants on all our • Education to sustainability and clean energy on the Acushnet river that was restored and depolluted bg the Coalition . ez solar sites to turn them into pollinator and wildlife habitats. Our goal is to combine clean energy generation 1 ,�•. to turn it into a Natural Reserve. _ � with the protection of much needed biodiversity.We are working with the University of Massachusetts'Clean f _ Energy Extension to ensure that our management practices and seed selection is backed bg robust science on One solar panel installed pollinators. One dollar to protect the local environment �•.(� ]III ��� � 1 1• .1 . 1 11 . 1 11 1• �� 1 . 1 1 1 1 1 1 s.� � � • ��� °r - c I k � d � M a 48 a Ah o0 109 W 27th street, New York,10001 NY 1 +1914 847 0043 Email:contact@cvegroup.com . 0 • NY � • - 1 0 0 https://www.cvegroup.com/en/ h SulOf*) CL- lir6AA ('(W s' AY RECFJVgD JUL 9 5 �