grand valley phase iii developing ontario’s clean energy future
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Grand Valley Phase III Developing Ontario’s Clean Energy Future. April 2012 Greta Energy Inc Confidential. Greta Energy Overview. Small and experienced, Canadian wind power developer Financing relationships, including contacts with large financial institutions, such as the EBRD - PowerPoint PPT PresentationTRANSCRIPT
Grand Valley Phase IIIDeveloping Ontario’s Clean Energy Future
April 2012
Greta Energy IncConfidential
Greta EnergyOverview
• Small and experienced, Canadian wind power developer
• Financing relationships, including contacts with
large financial institutions, such as the EBRD • Supplier relationships with the leaders in AE
technology (GE, Siemens, Vestas, Winwind, Goldwind)
• International presence with experience in
established markets, as well as emerging markets in the AE sector
• Access to, and experience with Eastern European market
• Broader development/industrial experience (KAI Services)
Ontario at a GlanceFacts and Figures
World-class legislative environment for wind power• Green Energy and Green
Economy Act (GEA) includes – streamlined approval
process for wind projects
– Guaranteed Feed-in Tarrif (FIT) of $135/MWh
• Clear legislation and responsive government eliminate bureaucratic roadblocks vis-à-vis other markets
1 Anticipated growth in wind energy supply• While wind accounted for
only 1.9% of total electric output in 2010, the Independent Electricity System Operator anticipates the GEA will accelerate the expansion of wind energy by thousands of megawatts
• Over 500 MW of additional installed capacity under development
2 Large and integrated electrical system• Ontario is Canada’s largest
producer and consumer of electricity with over 38 GW of installed capacity
• Large peak consumer demand and integration with hydro supply favor additional wind production
3
Phase I and II (19.8 MW) complete (Up to 40 MW in Phase III)
10 km north of the town of Grand Valley and 21 km northwest of the town of Orangeville
Relatively simple terrain with gentle slopes and elevation ranging between 470-490m
Grand Valley, Canada
Project Description (Phase I & II operational)
Phase I & II Highlights (Completed)
Phase I Phase II
Capital Cost $57.5 million CAD
Greta Energy Equity Share 25%
Partner Veresen Inc.
Number of turbines 9
Purchase Agreement 20-year PPA with Ontario Government
Phase I Purchase Agreement RESOP $121 / MWh
Phase II Purchase Agreement FIT $135 / MWh
Turbine Siemens 2.3 MW
Status Completed and online
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Phase III details
Phase I Phase II
Estimated Capital Cost $110 million CAD
Number of turbines 18
Purchase Agreement Type 20-year PPA with Ontario Government
Purchase Agreement Price FIT $135 / MWh
Turbine Siemens 2.3 MW
Estimated Start Date Summer 2013
Estimated Completion Date Spring 2013
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Purchase agreement price exceeds available guarantees going forward (signed pre-NTP waver with OPA)
