CONVERTING BROWNFIELDS AND LANDFILLS INTO SOLAR …€¦ · BROWNFIELDS SOLAR DEVELOPMENT East St....
Transcript of CONVERTING BROWNFIELDS AND LANDFILLS INTO SOLAR …€¦ · BROWNFIELDS SOLAR DEVELOPMENT East St....
CONVERTING BROWNFIELDS AND
LANDFILLS INTO SOLAR ARRAYS
Julia Chase
Brightfields Development March 22, 2016
SOLAR REDEVELOPMENT OF
CONTAMINATED LANDS
LANDFILLS BROWNFIELDS
ANNUAL PHOTOVOLTAIC SOLAR
INSOLATION
AVERAGE ENERGY RETAIL PRICES
SOLAR INDUSTRY GROWTH
RENEWABLE ENERGY IS OUR FUTURE
SOLAR PROJECT IRR &
PPA WINNING BIDS
Investor IRR:
• Average 6-9% return
Selected PPA Pricing:
• $0.0387 for a 100 MW project in Nevada
• $0.053 ¢/ kWh in Arizona for 45 MW project with a 21-
year PPA
• $0.06 - $0.08 ¢/ kWh in MA depending on project
Solar is reaching grid parity in certain locations
KEY INCENTIVES FOR SOLAR DEVELOPMENT
SREC II, MA Net Metering: • SREC II completely subscribed for
• Solar energy supplied to grid for grid level
consumption
• Commodity revenues augmented by SREC
value
• Politically unclear SREC III & net metering
FEDERAL ITC:
• Investment Tax Credit
• 30% tax credit on residential & commercial
solar systems, fuel cells and small wind
• Recently extended for 5 years
OTHER AVAILABLE INCENTIVES
• Property tax
• Personal Property Tax
• Sales tax
• State level tax credit
• Zoning Relief
PROJECTS TRANSCENDING THE ITC
• Community Shared Solar
• Remediation
East St. Louis, IL
RENOVA / BRIGHTFIELDS PARTNERSHIP
• Many brownfields cannot support other high-intensity uses
• Established local power infrastructure
• In land-restricted markets, brownfields are cost effective
• Very little NIMBY pushback
PROJECT APPEAL
Client
Solar Brownfield
EPC
Insurance
Environmental
EPC
Solar Brownfield
Clean Power
Jobs
Lease & Taxes
Financing
EPA
Municipality
State EPA
WHAT BRIGHTFIELDS DOES
BROWNFIELDS SOLAR
DEVELOPMENT
East St. Louis, IL - 24 MW FACILITY ON SUPERFUND SITE
Elizabeth Mine, VT - 7 MW FACILITY ON SUPERFUND SITE
Carbondale, IL - 24 MW ON BROWNFIELD RCRA SITE
SCITUATE, MA
3.0 MW Solar Array
Solar Array on a Closed Municipal Landfill
2014 PV America Photovoltaic Project of Distinction Award recipient
• “This award recognizes the highest achievement for a PV solar energy project of
any scale.”
NEEDHAM, MA
3.7 MW Solar Array
Solar Array on a Closed Municipal Landfill
GREENFIELDS,
COMMUNITY SHARED
SOLAR,
CARPORTS
ADAPTING TO CHANGE
Julia Chase
Project Associate
40 Walnut Street, Suite 301
Wellesley, MA 02481
781- 772 – 2877
SOURCES Slide 2:
Photo Source: http://solartoday.org/2015/03/pv-generation-potential-for-2014/
Slide 3:
Source: http://www.srectrade.com/srec_markets/introduction
Slide 4:
Source: http://www.eia.gov/electricity/state/
For September 2015, Ultimate end use customer
Slide 5:
Photo Source: http://newscenter.lbl.gov/2015/08/12/solar-prices-fell-2015/
Source: http://www.seia.org/research-resources/solar-industry-data
Slide 6:
Photo Source: http://www.seia.org/sites/default/files/Solar-Industry-Prices-2014.png
Slide 7:
Content Source: Velocity Suite, ABB Inc., and the C Three Group LLC
Slide 9:
Photo Source: http://newscenter.lbl.gov/2015/09/30/price-of-solar-energy-in-the-united-states-has-fallen-to-5%C2%A2kwh-on-average/
Slide 10:
Image Source: http://econous.eu/wp-content/uploads/2014/07/renewable_energy_sources.jpg
Content: http://energy.gov/savings/business-energy-investment-tax-credit-itc
Content: http://energy.gov/savings/renewable-electricity-production-tax-credit-ptc
Slide 13:
Image Source: http://www.utilitydive.com/news/why-dept-of-energy-is-going-big-on-community-shared-solar/361716/
Slide 14:
Image Source: http://www.utilitydive.com/news/utility-scale-solar-booms-as-costs-drop-challenging-gas-on-price/406692/
Slide 18:
Image Source: http://www.pv-magazine.com/fileadmin/PVI_website_pictures/solarcentury_Kenya_carport.jpg