Recurrent Energy and Sharp Corporation announced

Report
ABOUT
COMPANY
INTRODUCTION
RECURRENT
&
PROJECT HIGHLIGHTS
ENERGY
Corporate
Overview
Company Introduction
January 2011
ABOUT
RECURRENT ENERGY: BUSINESS OVERVIEW
RECURRENT
• A leading global solar project developer helping our world find a more
ENERGY
sustainable way to meet its energy needs
2 GW project pipeline and 400MW portfolio of signed contracts makes us
the third
largest PV developer in North America
Company
Introduction
• Seasoned leadership team with expertise in the conventional and
renewable power business
• As the primary development group for Sharp Corporation worldwide, we
are a strong partner for utilities and large energy buyers
• Strong technology and supply chain capabilities enable us to deliver solar
generating plants at market-leading cost
• 75MW on the construction calendar for 2011 plus the ability to deliver
solar almost anywhere in the world
• Proven access to capital through a global network of financial partners that
enables us to deliver solar at any scale
•
2
ABOUT
2 GW GLOBAL DEVELOPMENT PIPELINE
RECURRENT
ENERGY
Ontario
Company Introduction
Germany
France
United States
Israel
Spain
3
Large
ABOUT
STRATEGIC POSITION IN NORTH AMERICA
RECURRENT
ENERGY
Small
Contracted Portfolio Size
Company Introduction
Residential
Commercial
Distributed
Retail
Central Scale
Wholesale/Utility
Market Segment
4
ABOUT
VISION: A FLEET OF SOLAR GENERATING ASSETS
RECURRENT
ENERGY
Recurrent Energy develops, builds, and operates distributed and central scale solar power systems. We sell clean
electricity to utilities and large energy users at competitive prices via Power Purchase Agreements and Feed-in Tariffs.
Electricity Grid
Generation
Transmission
Substation
Distribution
Consumption
Company Introduction
40+ MW
5-20 MW
2-8 MW
1-3 MW
Utility
Offtaker
Utility
Offtaker
Utility
Offtaker
Residential
+ C&I
Ground
Markets
Central Scale
Ground
Ground and Rooftop
Wholesale Distributed Generation
Primarily Rooftop
Retail
5
ABOUT
MANAGEMENT & FINANCE TEAM
RECURRENT
ENERGY
Arno Harris
CEO
Sheldon Kimber
SVP, Development
Energy Innovations, Prevalent Power,
WineShopper, RedEnvelope, Novo
Media Group
Goldman Sachs, Calpine
Corporation, Accenture
Michael Metzner
Karl Knight
MD, International Development
FirstWind, Exelon, Atlantic
Richfield Corporation
Regenesis Power, GCA Savvian,
Credit Suisse First Boston, DLJ
Fredrick Vaske
VP, Project Finance
Tiffany Elliott
VP, Origination and Structuring
SunPower Corporation, GATX Capital, USL
Capital, D’Accord Financial Services
Amerex Energy Consulting, Citigroup
Energy, Calpine Energy Services
Steve Finno
VP, Corporate Finance
Pat Caramante
VP, Engineering & Construction
Babcock & Brown, GATX Capital,
Itel Corporation
FirstWind, Garrad Hassan America, FPL Energy,
General Electric, Con Edison NY, EBASCO, ABB
Company Introduction
CFO
Judith Hall
SVP, General Counsel
Babcock & Brown, Southern California Edison,
Pacific Gas & Electric, Electric Power Research
Institute
 solar power
 site acquisition
 construction
 project finance
 development
 operations
 power marketing
 engineering
6
ABOUT
RECURRENT ENERGY & SHARP CORPORATION
RECURRENT
Fall 2010: Recurrent Energy and Sharp
ENERGY
Corporation announced the acquisition of
Recurrent Energy by Sharp
Company
Introduction
• Vision:
Create a top global
solar
developer and generating company,
leading the way in a historic transition to
renewable power.
•
Focus: Recurrent Energy is the primary
development company for Sharp
Corporation worldwide.
•
Strength: A combined global network of
finance, EPC, and technology partners to
deliver solar at any scale.
7
ABOUT
PROJECTS
&
RECURRENT
PIPELINE
ENERGY
Company Introduction
2 GW GLOBAL DEVELOPMENT PIPELINE
Ontario
Germany
France
United States
Israel
Spain
9
ABOUT
PPA & FIT PROJECT HIGHLIGHTS
RECURRENT
ENERGY
Company Introduction
Operating Projects
Spanish Rooftop
5 MW, FiT
Operating
Spanish feed-in tariff. Summer 2010 COD.
SFPUC/Sunset Reservoir
5 MW, PPA
Operating
25-year PPA with SFPUC. Fall 2010 COD.
Kaiser Permanente
15 MW, PPA
Operating/Final COD ‘11
16 projects spread across 15 Kaiser sites.
SW Utility Solar Farms
22 MW, PPA
COD 2011-2012
PPAs signed, construction under way.
Ontario Solar Farms
170 MW, FiT
COD 2012-2014
19 projects spread across southeastern Ontario.
SCE Solar Farms
80 MW, PPA
COD 2012-2013
5 PPAs in total; projects spread across central/southern CA.
SMUD Solar Farms
77 MW, PPA
COD 2012
Multiple projects in Sacramento, CA area.
PJM Rooftop
6 MW, Wholesale
COD 2011
Rooftop solar project in PJM service territory.
Contracted Projects
370+ MW Contracted, Operating, or in Construction
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170 MW OF SOLAR FARMS IN ONTARIO
170+ MWdc
Ontario Power Authority FiT
19 Projects in Total
All Ground-Mount Solar
2012-2014 CODs
11
22 MW OF SOUTHWEST SOLAR FARMS
22 MWdc, 2 Projects
Utility Offtaker
Construction Under Way
2011-2012 CODs
12
22 MW OF 80 MW: SOUTHERN CALIFORNIA EDISON
80 MWdc, Multiple Projects
~71,000 PV Modules
Tracker System
Part of 80 MW of Signed PPAs
2012 COD
13
5 MW SUNSET RESERVOIR PROJECT
5 MWdc
~24,000 PV Modules
Above Water Reservoir
Among Largest of Kind
Currently Operating
14
4.8 MW PROLOGIS ROOFTOP PROJECTS IN SPAIN
4.8 MWdc Rooftop PV
Building Integrated Solution
Power Sale via Spanish FIT
Roofs Rented from ProLogis
Currently Operating
15
15 MW: KAISER PERMANENTE
15 MWdc, Multiple Projects
Rooftop, Ground, ES
Sites throughout CA
2010-2011 CODs
16
ABOUT
PROJECT FINANCE CONTACTS
RECURRENT
Michael Metzner
Fred Vaske
ENERGY
CFO
VP Project Finance
Recurrent Energy
(p)415.501.9415
Company
Introduction
(f) 415.675.1501
(e)[email protected]
Recurrent Energy
(p)415.501.9410
(f) 415.675.1501
(e)[email protected]
17

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