Solar Energy Development Project. Request for Information

Transcription

1 Proposal for Solar Energy Development Project Request for Information Prepared By: Gerard delisser, VP Development Miller Bros 301 Alan Wood Rd I Conshohocken, PA Direct Mobil gdelisser@millerbros.us March 13, 2015 Page 178

2 March 13, 2015 Alexandra Lauzon Virginia Office of Public-Private Partnerships 600 E. Main Street, Suite 2120 Richmond, VA RFI RESPONSE: Solar Energy Development Project Alexandra: On behalf of our team including Marina Energy, LLC (a division of South Jersey Industries, SJI) and Miller Bros, we are pleased to submit our information to the Virginia Office of Public-Private Partnerships in response to your RFI: Solar Energy Development Project. I trust you will find that Marina Energy, LLC will address your goal of a successful closing transaction in a timely fashion and thereby assist in obtaining renewable energy savings and land use in the most cost-effective, safe and reliable manner. Beyond our desire to offer the lowest possible cost of power, in considering our response to your solicitation we also identified further goals that we view as key to your efforts: I. Choosing a partner with the financial strength, surety of execution and sophistication to close the transaction quickly and minimize the long-term risks to your stakeholders; II. Selecting a team with the proven construction and engineering know-how to complete the project on time and minimize the risk that your program will fail to live up to its production and savings targets; We hope that our proposal will best help you to achieve these objectives. 1. Financial Strength and Surety of Execution. Your Power Purchase Agreement (PPA) provider needs both the financial strength to enable it to perform its obligations to you and the financial sophistication to understand and optimize a transaction of this complexity. Marina Energy has successfully developed, financed, designed, installed, owns, operates and maintains over 150 commercial and municipal solar PPA projects. Marina Energy, LLC is a division of the public company South Jersey Industries (NYSE: SJI). Marina Energy professionals have decades of experience in municipal energy projects providing specific understanding of the complex legal, tax and regulatory issues associated with transactions, and to date have completed in excess of over 150 MW s. And, have demonstrated their ability to execute PPA s with public and private entities. Marina Energy agrees to fully comply with all applicable laws and codes if awarded the contract and further agrees to negotiate in good faith to craft a fair, reasonable and acceptable PPA. Page 179

3 2. Construction and Engineering Know-How. Miller Brothers executes utility scale medium and high voltage, substation and transmission construction. Our proven utility construction model includes: construction project management expertise, full construction capabilities, 25+ years of audited financial statements, 200+ pieces of heavy equipment, $100+M bonding capacity. We are one of few utility contractors that can simultaneously self-perform multiple utility scale projects. Miller Bros. is experienced in all aspects of the utility construction industry including design, engineering and construction of large scale utility and renewable energy. Having completed over 100 MW s of solar construction, Miller Brothers provides turnkey Engineering, Procurement & Construction (EPC) services, offering on-going back-end operations and maintenance support after project completion. Miller Brothers ensures a seamless integration throughout all project phases, resulting in an accelerated schedule, uncompromising cost control in a safe working environment. Given the diverse requirements to execute a solar project, we have brought together a team whose qualifications and experience are described in your RFI. Working together with these firms will enable us to complete your project on time and on budget, in a safe working environment. Sincerely, John Spurlock Marina Energy, LLC One North White Horse Pike Hammonton, NJ jspurlock@sjindustries.com Gerard delisser Miller Bros. 301 Alan Wood Rd Conshohocken, PA gdelisser@millerbros.us Page 180

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5 Marina is a subsidiary of South Jersey Industries based in Hammonton, NJ. Page 182

6 Marina has grown significantly as a company since its establishment. Marina Energy Formed 2001 First Solar Project Completed 2009 Expanded Solar Market to MA 2012 Expanded Solar Market to VT 2014 Page 183

7 Marina has a dedicated team for solar development and operations. Fred Rohs Manager, Solar Operations Dan Streit Construction Manager Barry Miller Manager of Contracts and Compliance Ted Pettinelli General Manager, Operations Solar Team Freddy Tejeda Supervisor, Solar Operations Kyle Tress Staff Engineer Nancy Ricci Billing, Invoicing Jennifer Kinch Accounting Page 184

8 Marina owns all of their solar sites and sells the electricity to host customers. Marina Finances Solar Project (ITC Credit goes to Marina) Solar Project Built at Customers Location (EPC Contractor) Solar Array Generates Power (SREC Retained by Marina ) Marina Sells electricity to Customer (PPA or Merchant) Page 185

9 Marina is present during the entire project life span. Development Team Pre-Development Development Closed Project Operations Team O&M Contract Compliance PMI System Monitoring Page 186

10 Marina performs all O&M and system evaluation of their solar fleet. Bi-Monthly Production Reports PMI and Site Inspections Daily Predicted Vs. Actual Reports Active Monitoring Dispatch Services Page 187

11 The operations team ensures efficient production across their solar fleet. Page 188

12 Marina has made substantial financial investments into solar starting in Millions of Dollars Page 189

13 Marina is expected to continue its financial investments into solar * 2016* Millions of Dollars *2015 and 2016 continued growth Page 190

14 The size of the Marina solar fleet has grown and expanded since MW Solar Installed Page 191

15 The size of the Marina solar fleet is expected to have continued growth * 2016* MW Solar Installed *2015 and 2016 continued growth Page 192

16 Marina owns three different types of solar systems across their fleet. Canopy Roof Ground 3% 60% 37% Page 193

17 Marina is financially invested in three different solar markets. 1% 11% State MW Installed NJ 130 MW NJ MA VT MA VT 17 MW 2 MW 87% Page 194

18 Marina has expanded outward and has solar sites across NJ, MA, and VT. New Jersey Portfolio Page 195

19 Marina has expanded outward and has solar sites across NJ, MA, and VT. Massachusetts and Vermont Portfolio Page 196

20 Marina supplies a wide variety of customers with solar energy. 13% 5% 46% Commercial Education Municipalities Merchant Plants 36% By number of customers Page 197

21 Marina supplies a wide variety of customers with solar energy. 20% 13% 47% Commercial Education Municipalities Merchant Plants 20% By Size (MW) Page 198

22 Marina has helped customers meet their sustainability goals with solar. Page 199

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24 ACCC 2MW Page 201

25 Frankford 10 MW Page 202

26 GCIT 638 kw Page 203

27 Holland 3.5 MW Page 204

28 NFI 994 kw Page 205

29 Brickyard 2 MW Page 206

30 Rockland 2 MW Page 207