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WMECo Solar Program Utility Ownership: One Part of a Portfolio of Options

WMECo Solar Program Utility Ownership: One Part of a Portfolio of Options. January 19, 2010. Potential, Reality and Intentionality…. Germany: ~1,000 MW in 2006. United States: ~100 MW in 2006. ….but let’s not lose sight of practicality …. Engaging the Opportunity.

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WMECo Solar Program Utility Ownership: One Part of a Portfolio of Options

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  1. WMECo Solar ProgramUtility Ownership: One Part of a Portfolio of Options January 19, 2010

  2. Potential, Reality and Intentionality…. Germany: ~1,000 MW in 2006 United States: ~100 MW in 2006

  3. ….but let’s not lose sight of practicality….

  4. Engaging the Opportunity • Goals, enabling policies and incentive mechanisms are in-place • The technologies and industry resources are readily available • The Commonwealth has an abundance of development potential • Our collective success requires a portfolio of solutions and ownership models • Utility Ownership is one of the many ownership models available to you • Selecting the model that best suits your needs is a first and essential step.

  5. Renewable Portfolio Standards: Setting the Stage

  6. Massachusetts Energy Policy: A Key Enabler of Progress • The US had 560 MW’s of grid-connected Photovoltaics at year-end 2008. • 1,100 PV Systems in Massachusetts contributed approximately 10 MW to this to amount • The Commonwealth has a goal is to install 250 MW of Solar by 2017

  7. Accomplishments, Progress & the Path Forward

  8. Utility Ownership: WMECo’s Solar Program • 6 MW of utility-owned solar energy facilities. • Utility owned, operated & financed • DPU Regulates costs & cost allocation • Customers receive all energy, capacity & REC values • Focusing on utility-scale systems • 1 MW or greater; direct connection to EPS • Landfill, Brownfield & Utility Properties. • Competitively-bid turnkey systems • Creating a pathway for further progress • Opening new market segments • Lowering origination & development costs • Leveraging Solar Industry expertise & resources • Minimizing participation & ownership risk

  9. Selecting an Ownership Model Site Owner Responsibilities Key Considerations • Development, Financing, Contracting • Installation, Operation, Maintenance • Energy Output, System Performance Direct Ownership • Capital requirements • Competencies (incremental & lifecycle) • Value (savings, revenues, risk, etc) Hybrid Ownership • 3rd party development / financing • Turnkey Installation; system lease • Energy purchase and/or services contract • Balancing risk, benefit & certainty • Likely to be scalable or customizable • Contract administration Utility Ownership • No development or financing • No installation, operation, or maintenance • No system performance responsibilities • Defined value (space utilization, taxes) • A basic transaction structure • Lowest risk & engagement profile

  10. Conclusion • Landfills are an abundant and proven source of development potential • Many of the key enablers to tap this potential are in-place • Utility ownership is one of the many ownership models available to you • Selecting an ownership model is one of your first and most important decisions Contacting WMECo Carl J. Frattini- Director of Business Development frattcj@nu.com

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