Transcript Document

Scandia Wind Southwest LLC
Development of large
scale windpower
Presentation for landowners
Bovina May 8th 2009
Presentation overview
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Who are we
What we have done
Why the Panhandle
The challenges every developer face in the Panhandle
The project
The business model
The way forward
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Organize negotiating team
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Tentative time frame for negotiations
3.
Cost coverage
Q&A
16.07.2015
www.havgul.no
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The partners
82 years aggregate
wind energy
experience
44 years aggregate
wind energy
experience
A member of the Havgul/
Alpha Wind/PWC alliance
Strong local
committment
Consultant Consortium
Alpha Wind Energy
Fredrikson & Byron
Technical support
Legal
Havgul clean energy
Hoffman & Brobst
Project development
Finance proformas
Multiple financing
sources
Development financing
Construction financing
Permanent financing
RNR Engineering
Grid consultant
HAVGUL Clean Energy AS
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Wind power project development company, based in Oslo, Norway.
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The business concept is to develop wind power projects from greenfield or early
phase development, to a stage where all required permits are in place, technical
feasability studies are performed and the project can be realized on the
international market.
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Financed by a large Swedish/US green investment fund
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Extend activities to include US, Poland and Sweden – and possibly other fast
growing markets.
Ketil Reed Aasgaard
Partner/Managing director
16.07.2015
Harald Dirdal
Partner/Project director
www.havgul.no
Kalle Hesstvedt
Partner/Communication and PA
Emil Thorkildsen
Partner/Legal director
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Track record
• Andmyran wind park, 160 MW
• The Havsul project, 1500 MW
• Kvitfjell, 200 MW
• Siragrunnen, 200 MW
• Havøygavlen, 40 MW
Andmyran Wind Park
The Havsul projects – Havsul I
Alpha Wind Energy
Extensive experience from various parts of Wind Power Industry from
– Project development
– Wind measurements
– WTG manufacturers technical support, group sales & marketing
– Technical advisor to Danish Wind Turbine Owners Association.
– Combined 82 years of Wind Power Experience
– 7 employees currently, but expanding
– Extensive use of partnerships and consultants.
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AWE Wind Farm development
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Land lease agreements
Site feasibility study
Wind metering & long term correlation of data
Wind turbine micro siting and optimization
– Includes complex terrain requiring CFD analysis
EIS including noise, visual, shadow study etc.
Site production estimations
Full project analysis, design and installation
Full bankable report in cooperation with a bank approved third party
Turbine selection and EPC contracting
Operational Management
AWE Wind Farm development
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AWE, Current Wind metering locations
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AWE, Current Wind metering locations
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Why the Panhandle
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Best wind conditions in Texas
Large areas of suitable land
General positive attitude among the land owners and the population in general
Perfectly located in the cross roads of the ERCOT, SPP and WECC grid areas
A region in need for new industries
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Why the Panhandle
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Transmission Expansion
- Plans laid for specific transmission lines
- Dovetails with Scandia’s Phase II & Phase III strategies
The challenges every developer faces
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The grid is a huge constraint in the ERCOT and SPP grid systems.
Large consumption in the south
Weak grid into the Panhandle
The Panhandle loop will only cover the projects already under planning
The strategy is as follows:
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Make the projects so large that they will attract new lines into the region
State of the art project documentation for financial closing
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Detailled wind assessment program
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Very selective turbine choice
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Bankable land lease agreements
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Commercial business model where all owners have the same exit strategy
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The project
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Visualization of one site layout
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The business model
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Ownership in the project company
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Land owners put in an exclusive right for the company to develop their
land
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No payments to the land owner during the development phase
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Payment at joint exit point
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Estimate at least 10 times the payment for this model compared to a
standard option fee per acre payment assuming a 5 years development
phase
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Royalty payments for each turbine placed on your land normal for the region
beginning when the project is being built
Development phase
10% ownership in the
development
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Operational phase
Individual land lease agreement
payments
Take over by large utility(ies)
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The way forward
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We suggest the land owners form a group of 3-5 people given the power of
attorney to negotiate on the land owners behalf
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The group select a lawyer representing them in the negotiations
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We are willing to cover the lawyer costs up to an amount agreed upon
between the parties
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We hope the total process should not last longer than 3 months
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When the agreement are finished negotiated, the negotiating group will
present the agreement to the remaining land owners for signature.
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Q&A
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