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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