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Southold Landfill RFP
1.y
Solar an • Battery Storag -
Bid Interview
Summit Ridge Energy
August
A44k,
Summa Ridge Energy — Your Experienced Renewable Energy Partner SUMMIT RIDGE
ENERGY
SRE is an experienced solar and energy storage developer based in Arlington, VA with offices in New
York City and Chicago. Founded in 2017, the company is managed by industry veterans and has
become one of the fastest growing community solar developers, quickly surpassing many established
organizations.
Proven Development Access to Capital Local Team with Full Battery
Track Record Storage Capabilities
In 2019, SRE structured a
Since its launch in 2017, through joint venture partnership SRE has more than 40 full-time
self-development and acquisition with Hannon-Armstrong employees covering engineering,
efforts, SRE has amassed a portfolio Sustainable Infrastructure sales, development, construction
of over 300 MW of community solar (NYSE: HASI), called management, and finance. SRE is
projects and 150 MWh of battery Summit Ridge Capital, to developing numerous battery
storage projects in multiple U.S. finance its community solar storage projects on the North Fork
markets. It is now expanding its portfolio in targeted U.S. of Long Island and has offices in
development of stand-alone energy markets. New York City
storage projects in NY.
CONFIDENTIAL-DO NOT REPRODUCE OR REDISTRIBUTE
Landfill Solar Development Expertise Ake..
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SRE has extensive experience developing solar on former landfill sites: its team has
developed and financed numerous municipal solid waste fills in Massachusetts in
former roles, and the Panorama rubble landfill in Prince George's County, Maryland.
Sullivan's Ledge Town of Webster Hobomock Street
EPA Superfund Landfill Landfill Thatcher Street Landfill • Landfill
Landfill
System Size 1.75 MW 1.797 MW 2.70 MW 4.698 MW 6.60 MW
System Type Ground mount, ballasted Ground mount, ballasted Ground mount, ballasted Ground mount, ballasted Ground mount, pile-driven
Location New Bedford, MA Webster, MA Pembroke, MA Brockton, MA Fort Washington, MD
Landfill Type Remediated EPA Municipal Solid Waste Municipal Solid Waste Municipal Solid Waste Rubble (Type III)
Superfund Site
Co-Developer and
SRE Role Financier Co-Developer and Financier Developer Developer Co-Developer
Year 2015 2015 2017 2017 2019
Completed
Landfill Reference (pictured at right):
Scott Durkee
City of New Bedford, MA
Scott.Durkee@newbedford-ma.gov
•_ 3
Recent Summit Ridge Energy Solar Projects Ake..SUMMIT RIDGE
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2.7 MW IL community solar 3.8 MW MD community solar 1 .1 MW MD roof-mounted
project; first to achieve project in BGE territory community solar project
energization in Ameren territory (November 2019) (August 2020)
(June 2020)
4
Summit Ridge Energy Development Approach
Due Diligence: attention to detail and thoroughness
Transparency: SRE will be an honest, reliable partner for the Town in realizing its - .
renewable energy goals " "=
Problem-solving: SRE understands the complexity of developing a landfill solar array
and has a track record of troubleshooting to get over hurdles
Long Term Owner-Operator: we finance Community Solar through our fund, Summit
Ridge Capital, and serve as the owner/operator for the system's useful life. You will
only have one company to deal with — not a chain of handoffs and new faces.
5
CommunitySolar 101 A�4k
SUMMIT RID r
FNERGY
BILL Credit F Low
Off-site solar arrays are built on land or
rooftops leased by Summit Ridge; lessor su
collects rental income Solar SUPPLY
energy unchanged
Each subscriber executes an agreement
IX-1 with Summit Ridge to purchase solar
bill credits SoLar
Bill Credits
Solar bill credits are delivered by local
utilities as monetarycredits to offset Payments to
Summit Ridge
customer bill charges
ENERGY
By aggregating systems across SAVINGS
multiple markets, SRE provides
thousands of customers with monthlyE.
electricity savings
6
How We Designed the Solar and Batter Storage System Ake..Y Y SUMMIT RIDGE
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• Real Design: Topology map was provided by Town's Engineer L.K. McLean Associates. SRE not
proposing installing on slopes above 10%. SRE vetted its design with its racking company, Solar
Flex Rack. We can build the system as proposed.
• No Disturbance: Our design avoids the waste and mulching activities on site — minimal disturbance
to the Town
• Landfill Integrity: SRE will coordinate with the New York State Department of Environmental
Conservation and its engineer to ensure the system does not impact landfill cap or venting system
• Utility: Vetted interconnection with PSEG-LI with pre-application report received on 1 /23/2020
• Maximize Energy Production: SRE uses bifacial solar modules and a battery storage system to
maximize production and maximize rent for the Town
• Low-Risk: SRE proposal does not depend on a web of incentives and aggressive assumptions. We
are confident with our bid and can deliver the same rent payment even if Long Island's battery
storage incentives disappear
Solar System Design Ake..Y SUMMIT RIDGE
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Baasted soar Array- 3, 500 kWac 4,857 kWdc
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Solar System Design Ake..Y SUMMIT RIDGE
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Baasted Racking Examp es
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9
Battery Storage System Design Ake..
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RIDGE
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DC-Coup ed Battery Storage System : 1 MW 4 MWh
• Battery is charged 100% by the solar
array and "firms" the output of the solar
system
• Battery storage is located in a shipping
container placed off of the landfill cap
• Enclosure built to National Fire ��
Protection Act (NFPA) and UL 1741
standards and will include fire detection
and suppression equipment
• SRE to choose a technology vendor with ice_
a track record in NYS and an investment- jW
grade warranty L 11+k+k
l4' 14
M. '
• SRE is currently developing battery
storage systems in Southold,
Brookhaven and Riverhead
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Summit Ridge EnergyOffer Ake..
SUMMIT RIDGE
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35-year Option to Lease Agreement
Option Payment $ 81000 / year
Option Period 2 years
Land Lease Rate $ 3351000 / year
Annual Escalator 1 .5 %
Lease Term 25 years with two 5-year
extensions
35-Year Cumulative
Lease Revenue $ 15,273,349
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Next Steps Upon Award & Timeline .4k
SUMMIT RIDGE
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SPE wiH move quick y to ock in incentives
_ ,
Submit for
interconnection As " ' � 'Ask " As
with PSEG-LI Submit designs
to NYSDEC and _
Southold _
Negotiate
Planning Board Option to Lease Once permits
agreement with and the PSEG-LI
the Town Agreement is
in-hand, SIRE
can reserve
NYSERDA
incentives
PSEG-LI has not committed to renewing the 5 cent/kWh Community Credit beyond 2020.
If we move quickly, we can lock this in — it is a crucial incentive for the project
12
Thank You !
Contact info-
WIH info-
WIFischer, Vice President , --
wfischer@srenergy.com
646-979-7066
100 Church Street, Suite 800
New York, NY 10007 doff
f
.011
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