EBC Renewable Energy Committee - Liz Argo - CVEC
of 14
description
Cape & Vineyard Electric Cooperative (CVEC) was created to provide the municipalities of Cape Cod and Martha’s Vineyard a way to work together to integrate clean, renewable energy as part of a more sustainable Cape Cod and Martha’s Vineyard. CVEC works in concert with the ongoing mission of the Cape Light Compact to advance the interests of electricity consumers throughout Cape Cod and Martha’s Vineyard. As of August 29, 2014, CVEC had completed construction of its second Photovoltaic Initiative, totaling almost 12 megawatts (MW) of renewable energy. Liz Argo, Special Projects Coordinator at CVEC, will make a presentation to the EBC Renewable Energy Committee about CVEC’s recent accomplishments and what it has planned for the future.
Transcript of EBC Renewable Energy Committee - Liz Argo - CVEC
-
Next Steps:
Site Plan approval: Stormwater Plan
etc. NStar Interconnection Services Agreement
Secure Net Metering Credit Assurance
The Cape & Vineyard Electric Cooperative, Inc.
Presentation to the Environmental Business Council
9/23/14
Liz Argo, Special Projects Coordinator
Cape & Vineyard Electric Cooperative
-
Background on CVEC
Sister organization to the Cape Light Compact, founder and member contributor
CVEC established in 2007--membership currently 18 towns, 2 counties & the Cape Light Compact
CVEC purpose: to develop Renewable Energy for its municipal members and maximize benefits for host communities
-
Background on CVEC
Currently 3 CVEC PV Initiatives completed:
The CVEC-7 Initial Round (750kW on roofs with ConEdison Solutions)
Round 1 (16MW, mostly on landfills)
Round 2 (~ 12MW on roofs, landfills & municipal lands)
2 Net Metering Credit
Sales Opportunities:
PV Power Sales Agreement
Wind Power Sales Agreement (in review)
-
Cape & Vineyard Electric Cooperative, Inc.
Benefit from Net Metering Credits (NMC)
Municipal Net Metered Sales Opportunity
1. PV/Wind project delivers kWh of green electricity
2. NSTAR might pay out .14 per kWh for the green electricity (NMC credit)
3. Vendor might charge .12 per kWh for building/operating PV/wind system (PPA cost)
The Benefit is the Credit (NMC) minus the Cost (PPA)
.14 - .12 =
.02
per kilowatt hour
Can reduce electric costs by ~ 13.5%
-
Next Steps:
Site Plan approval: Stormwater Plan
etc. NStar Interconnection Services Agreement
Secure Net Metering Credit Assurance
PV
The Cape & Vineyard Electric Cooperative, Inc.
CVEC PV Initiative Round 1 Construction completed June 2014 American Capital Energy
-
Next Steps:
Site Plan approval: Stormwater Plan
etc. NStar Interconnection Services Agreement
Secure Net Metering Credit Assurance
PV
CVEC PV Initiative Round 2 Construction completed August 2014 G&S Solar Installers
(The projects with blue highlight are being reviewed for Battery Back-up)
-
Next Steps:
Site Plan approval: Stormwater Plan
etc. NStar Interconnection Services Agreement
Secure Net Metering Credit Assurance
The Cape & Vineyard Electric Cooperative, Inc.
TOTALS
CVEC PV Initiative Round 1 & Round 2
Number of Projects
Total Nameplate Rating (kW)
Total Annual Prod Est. (kWh)
~ Total Savings to Participants end year one
~ Total Savings to Participants end yr. 20
25 27,973 33,775,630 $2,343,969 $65,791,007
Total Number of Hosts
Number of Gov. Entities to Benefit
Total CO2 Equivalent Offset (pounds)
13 19 51,345,703
-
Cape & Vineyard Electric Cooperative, Inc.
Municipal Net Metered Sales Opportunity - PV
EXCESS
Excess Net Metered Power from CVECs Round 1 & Round 2 PV Initiatives
shared with Cape & Marthas Vineyard Towns / Counties / Districts
CVEC OFFTAKERS
Total Number of Hosts
Number of Gov. Entities to Benefit
13 19
-
Cape & Vineyard Electric Cooperative, Inc.
Municipal Net Metered Sales Opportunity - PV
Barnstable County
Dukes County
Provincetown
Yarmouth
Oak Bluffs
Brewster
Chilmark
Chatham
Monomoy Schools
Participating Towns/Counties/Districts - CVEC Offtakers
-
Next Steps:
Site Plan approval: Stormwater Plan
etc. NStar Interconnection Services Agreement
Secure Net Metering Credit Assurance
Cape & Vineyard Electric Cooperative, Inc.
Municipal PV Going Forward
The SREC 2 program for PV:
Caps the available development for most projects over 650kW (exception is brownfields, landfills, and behind-the-meter projects where at least 67% of the
generation is used to meet load behind the meter are not capped)
Caps for large projects in 2014 (26 MW) and 2015 (80 MW) are fully subscribed and there is a waiting list - Large-scale PV project development is therefore
very limited
The SREC-2 program delivers high economic incentives to only certain projects (e.g., small projects, community shared projects, solar canopies in parking lots)
the larger stand-alone projects receive lower incentives. Lower incentives = higher PPA rates.
CVEC Round 1:
Eastham Capped Landfill
-
Next Steps:
Site Plan approval: Stormwater Plan
etc. NStar Interconnection Services Agreement
Secure Net Metering Credit Assurance
Cape & Vineyard Electric Cooperative, Inc.
Net Metering:
The net metering capacity cap for public projects in NSTAR territory is currently ~1MW
More capacity was authorized in recent legislation but the legislation is not effective yet
Net metering tariff revisions must be adopted before the capacity increase is officially incorporated in the net metering project queue
system
Current very limited capacity has limited development
CVEC Round 1:
Eastham Capped Landfill
Municipal PV Going Forward
-
Cape & Vineyard Electric Cooperative, Inc.
Municipal Net Metered Sales Opportunity - WIND
Future Generation Wind
-
Cape & Vineyard Electric Cooperative, Inc. DOER Community Clean Energy
Resiliency Initiative
641 kW RM and 715 kW GM with BATTERY BACK-UP and ISLANDING CONTROL
-
Next Steps:
Site Plan approval: Stormwater Plan
etc. NStar Interconnection Services Agreement
Secure Net Metering Credit Assurance
The Cape & Vineyard Electric Cooperative, Inc.
Liz Argo, Special Projects Coordinator
Cape & Vineyard Electric Cooperative 508-395-6891
