HomeMy WebLinkAboutGasification - Renewable DevelopersPerspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Sonthold, NY
Increased Clarity in
A Presentation By RENEWableDevelopers
Pete B3wne M:646.346.42ol ~:'venewablede~elopers~c~-~r[~
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
RENEWableDevelopers
Working with experienced managers and professionals
o Helping cleantech solutions become commercially viable
Supporting the final pre-development of cleantech projects and ventures
Converting shovel projects into investment ready commercial strategies
Founded in 2olo to focus on "Green" infrastructure project finance
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
RENEWableDevelopers
Projects under US$1oomm
Decentralized, modular and scalable
Promoting sustainability and the beneficial reuse of water, land, agriculture,
waste, energy and real estate at the local community level.
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
Who Are My Colleagues and Partners
Project Developers
Technology Developers
Entrepreneurs
Large Multi-Nationals
Professional Services Firms
All Levels of Government
Local Professionals
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
Overview Of The Industry
Significant Overall Near-term Progress
Technology More Commercially Viable
Project Finance Capital Now More Competetive
Reduced Final Due Diligence Timelines
Shortened Construction Timelines
Perspectives on Cleantech Ventures and ProJect F~nance
Prepared For The Town of Southold, NY
Incineration Versus Gasification
Large quantities of excess air
Oxygen starved
Highly oxidizing environment
Reduced environment
Operated at 5OO-lOOO degrees
Operated at 12-18oo degrees
Bottom ash and fly ash
Char created
Treated flue gas discharge
Beneficial reuse used for syngas
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
Two Approaches to Waste
Denma~
Solar Waste To Energy plant constructed in Horsholm, Denmark
® Denmark hosts 29 of the 400 WT E plants in Europe
In contrast to the 87 WTE plants in The US all of which are over 15 years old
Most importantly, none currently permitted for construction here in The US as of Spring
Offers zero emissions and very limited impact as it is located in an upscale neighborhood
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
An opportunity to lower the carbon footprint and energy usage of a UK school
A leading multi-disciplinary engineering consultancy specializing in renewable energy
Reviewed the needs and constraints of a 7 building school campus
Identified a 6kW wind turbine and PV array of up to 16kWp scale
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
The Challenges and Opportunities
Identifying and transforming an emerging venture into a commercially viable platform
Creating investment structures enabling projects under US$~oomm to get funded
Focusing on identifying locations ahead of time with proper permitting in place
Identifying and attaching well-capitalized anchors to late stage projects and ventures
Identifying professionals not focused on these concepts
Ensuring the Performance and output that we know can be delivered
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
Meeting The Challenge in 2011
Waste To Energy Conversion Projects
Partnered with a team of senior project level utility managers
Delivered a turn key, fully financed waste to energy project bid to 3 Connecticut towns
Partnering with The Waste Transfer Station owner to convert 900 tons per day of MSW
Participation in the profits produced from the 4oMW of power generation
This owner will be able take full ownership in 7-~o years with no capital committed
Converts the increased risk of rising tipping fees into increased self-sufficiency
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
Meeting The Challenge in 2o~
Public Private Investment Structure
~ In the final stages of developing a vetted structure to finance these projects
Blending debt, equity, tax credits, "green credits" and other incentives
Ideally suited to bringing private capital to publicly sponsored renewable projects
Enables capital to mesh with projects truly in need of development or replacement
Minimal cost to the municipality
Enables assets to be owned by the municipality within a reasonable amount of time
Net Metering offers a simple way to sell into the grid supporting this effort
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of Southold, NY
Meeting The Challenge in 2011
Accessing Public & Private Grant Funding
Working with clients to develop an ongoing duel request process, RFP and RFI
Organize the strategy around the funding availability calendar
Identifying and attaching established and experienced grant submission teams
Eliminate lower probability funding opportunities
Ensuring the performance and output that we know can be delivered
Perspectives on Cleantech Ventures and Project Finance
Prepared For The Town of $outhold, NY
Final Thoughts and Next Steps
Formal Development Phases
Phase 1 -- Screening study to identify a portfolio of initiatives in the area.
Phase 2 - Pre-Feasibility study to identify financially, environmentally, and socially
viable projects
Phase 3 - Feasibility study of top candidate projects. Wo.uld include perm!t~i.'ng
and seeking fixed price bids on equipment and construction to confirm pricing
Phase 4 - Financial Close and Implementation
Phase 5 - Initial Operation Period to secure financial incentives
perspectives on cie~tech ventures~and p~0ject Finance
Prepared For The Town of $outhold, NY
Final Thoughts and Next Steps
Today in 2o~, a small team of experienced professionals can design, build and
operate smaller scalable and profitable cleantech projects near the point of use
Combining existing proven technology with traditional project finance concepts
Implementation can be started in time to capture Recovery Act Incentives
Begin with a brief survey of the community for renewable potential
Focus on the capped landfill and waste transfer station as anchors
Establish a grant writing strategy
Work with local residents and businesses to identify opportunities
Community outreach to ensure understanding and confirm acceptance