Transcription
APEXOFFSHORE WINDApex Wind Energy, Inc.Elk River Windfarm, LLCPrivileged & ConfidentialJanuary 24, 2006Queen Charlotte Square212 East High StreetCharlottesville, VA 22902Tel: 434 220 3710Fax: 434 220 3712www.apexwind.com1
Company BackgroundGreenlight Energy, Inc.formed to developwind energy 200 millionElk River Windfarmin Kansas beginscommercial operations20002005Greenlight has 30 projects in15 states with over 200,000acres under lease, sufficientto support 4,500 MW ofwind energy facilitiesPrivileged & ConfidentialGreenlight team formsApex Wind Energy 500 millionCedar Creek Windfarmin Colorado completesPPA with Xcel Energy2006BP acquires Greenlightfor 125 million, teamstays on with BP tocomplete projects2007Apex acquires BQ Energy20082009Greenlight Energy Resourcesformed to invest in renewableenergy sector.2
Company SC O L U M B I APrivileged & ConfidentialP O W E R3
ExperienceTeamCombined 70 years experience in the wind industry, offshore wind expertise 1.1 billion in wind facilities completedOver 22 billion of financings in wind and conventional energy financingExperienced in finance, legal, PPA negotiation, transaction structuring, project acquisitionGreenfield development, permitting, regulatory and transmission interconnectExtensive industry and banking relationshipsOnly US project on shores of Great LakesNote: Steel Winds picture courtesy of NY TimesPrivileged & Confidential4
Completed ProjectsTrack record: 1.1 billion of wind energy facilities completedNameStateSiteWindOwner /YearCapacityCostTurbinesOperatorCompleted(MW)( millions)McKeeTXOil RefineryGEValero Energy200950 100Cedar CreekCOGreenfieldGE, MitsubishiBabcock & Brown, BP2007300 510Steel WindsNYBrownfieldClipperFirst Wind, BQ Energy200720 34Elk RiverKSGreenfieldGEPPM Energy2005150 255Judith GapWYGreenfieldGEInvenergy2005135 230NerefcoNLOil RefineryNordexTexaco, BP200223 39678 MW 1,168TotalPrivileged & ConfidentialNote: These wind energy facilities were developed by the Apex management team while with their predecessor companies.
Offshore Wind TeamTim Ryan BQ Energy, Bluewater Wind, Arcadia Windpower, AccionaPresident MBA, New York University; BA, Bowdoin CollegeSandy Reisky de Dubnic Greenlight Energy, Axio Power, Columbia Power Technologies, Greenlight BiofuelsCEO BS, McIntire School of Commerce, University of VirginiaJim Trousdale Greenlight Energy, BP Alternative Energy, CIT, Fortis, CitibankCFO BA, MA, Georgetown; MBA, Columbia UniversityMark Goodwin Horizon Wind Energy, Vestas Wind EnergyCOO MBA, Northwestern University; BS, EngineeringPaul Curran BQ Energy, Process Energy Solutions, TexacoSenior Executive Vice President MBA, Marist College; ME, Columbia UniversityPrivileged & Confidential6
Offshore Wind TeamKevin Davis Greenlight Energy, BP Alternative EnergyVP- Project Development M.Arch SCI-Arc- Architecture; BS University of Virginia- ArchitectureNelson Teague Greenlight Energy, BP Alternative Energy, Williams & Mullen, LLP,General Counsel JD, Williams School of Law, University of Richmond; BA, Washington and LeeEamon Perrel Horizon Wind Energy - MBA intern, ERCOTDevelopment Manager MBA, Darden Graduate School of Business; BA, Univ. of Virginia- MathematicsJosh Berkow BQ EnergyProject Engineer MS, State University of New York at Buffalo – EngineeringPrivileged & Confidential7
Virginia Coastal Energy Research ConsortiumFuture Areas of Focus:1. General support of development activity2. Study of offshore wind dynamics and offshore convergence zones3. Understanding shipping traffic and other uses near development sites4. Mitigating impact on radar systems5. Flexibility to address unforeseen issuesPrivileged & Confidential8
Industrial developmentMarket development: Work with developers to obtain site control Identify purchasers of renewable energyDirect incentives: Renewable energy manufacturing tax incentives Direct grants, similar to Virginia Solar Manufacturing Incentive Grant Provide a mechanism to underwrite low-interest bondsIndirect incentives: Workforce development Funding for related research initiatives Providing necessary infrastructurePrivileged & Confidential9
QuestionsPrivileged & Confidential10
APEXOFFSHORE WINDPrivileged & Confidential11
MBA, Marist College; ME, Columbia University Offshore Wind Team. Privileged & Confidential Kevin Davis VP- Project Development Greenlight Energy, BP Alternative Energy M.Arch SCI-Arc- Architecture; BS Universit
