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Community Power Projects

Community Power Projects. An introduction to the process of developing community power projects UBCM 2006 Tuesday, October 24. Renaissance Power Corp is…. … a consulting & engineering company specializing in the development of community power projects (“CPPs”).

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Community Power Projects

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  1. Community Power Projects An introduction to the process of developing community power projects UBCM 2006 Tuesday, October 24

  2. Renaissance Power Corp is… • … a consulting & engineering company specializing in the development of community power projects (“CPPs”) A Community Power Project is defined by … … the role of the community in the initiation, governance, and ultimate ownership.

  3. Village of Anmore

  4. The visionary of Anmore • Dr. Hal Weinberg • Mayor of Anmore • Community builder • “Its about world peace”

  5. The Anmore Renewable Energy Foundation • Collaboration with BC Hydro • Create awareness and educate • Demonstration and research

  6. Purpose of the Foundation • Micro-Hydro Solar Wind Hydrogen

  7. The Anmore Project • 103 year old Buntzen tunnel • Could support a 3.8 MW plant • 27,000 MWhs/yr ‘green’ energy • ~ $2 million annual cash flow • Operational benefits to BC Hydro

  8. Power Limitations in BC • The last mega-power project was completed in the early 1980’s. Years during which capacity was built

  9. Structure of the Anmore CPP Village of Anmore Anmore Community Power Partnership Renaissance Power Corp. Anmore Foundation Limited Partnership Investors & Debt Limited Partnership Investors

  10. Community Benefits • Many and tangible: • Economic spin-offs during construction • Option to buy at the time of commissioning • A new long term industrial taxpayer • Long term energy security from local generation • Takes full ownership at the end of financial term • Provincial and federal taxes and charges on top

  11. Community Power Projects • A trust based approach to development: • Not ‘independent’ but very ‘interdependent’ • Transparency of structure and accounting • Clarity regarding risk and return • Respect for distinct public and private roles • Based on a ‘foundation’ of public trust

  12. Community Power Projects • Why private risk capital for public infrastructure: • Early stage investments have material risk • Not the ideal use of tax dollars • Flow-through share eligible (56 cent dollars) • Private capital raised with risk expectation • Requires opportunity not guarantee of return

  13. Concurrent Activities Construction & Start-Up Feasibility& Planning Permitting & Design Financing &Tendering Concept & Mandate Operating & Mainten- ance Political/Administrative Technical Financial

  14. Cost and Value

  15. Risk and Reward

  16. Community benefits revisited • Tangible: • Economic activity during construction • Option to buy at commissioning • Long term stable industrial taxpayer • Full ownership at the end of financial term • Intangible: • Community engagement & capacity • Increased energy & economic security • A local contribution to a global problem

  17. Conclusion: • Assess the opportunities in your community • Establish governance structure (trust, foundation or infrastructure corporation). • Recruit expertise out of the community to combine the ‘elected with the selected’. • Engage a consultant/financing advisor Some first steps:

  18. Thank you! • For further information contact: • Dr. Hal Weinberg, Village of Anmore (www.anmore.com) • Renaissance Power Corp. (www.renaissancepower.ca) • The Community Energy Association (www.communityenergy.bc.ca) On Thursday, please support the Anmore resolution regarding community sponsored power projects.

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