Grand Valley Phase III
Developing Ontario’s Clean Energy Future
April 2012
Greta Energy Inc
Confidential
Greta Energy
Overview
•
Small and experienced, Canadian wind power
developer
•
Financing relationships, including contacts with
large financial institutions, such as the EBRD
•
Supplier relationships with the leaders in AE
technology (GE, Siemens, Vestas, Winwind,
Goldwind)
•
International presence with experience in
established markets, as well as emerging
markets in the AE sector
•
Access to, and experience with Eastern
European market
•
Broader development/industrial experience
(KAI Services)
Ontario at a Glance
Facts and Figures
1
World-class legislative
environment for wind power
•
•
Green Energy and Green
Economy Act (GEA) includes
– streamlined approval
process for wind
projects
– Guaranteed Feed-in
Tarrif (FIT) of
$135/MWh
Clear legislation and
responsive government
eliminate bureaucratic
roadblocks vis-à-vis other
markets
2
Anticipated growth in wind
energy supply
•
•
While wind accounted for
only 1.9% of total electric
output in 2010, the
Independent Electricity
System Operator anticipates
the GEA will accelerate the
expansion of wind energy by
thousands of megawatts
Over 500 MW of additional
installed capacity under
development
3
Large and integrated
electrical system
•
Ontario is Canada’s largest
producer and consumer of
electricity with over 38 GW of
installed capacity
•
Large peak consumer
demand and integration with
hydro supply favor additional
wind production
Project Description (Phase I & II operational)
Phase I and II (19.8 MW) complete (Up to 40 MW
in Phase III)
10 km north of the town of Grand Valley and 21
km northwest of the town of Orangeville
Relatively simple terrain with gentle slopes and
elevation ranging between 470-490m
Grand Valley, Canada
Equipment and Purchase Agreements
Structure
Phase I & II Highlights (Completed)
Phase I
Phase II
Capital Cost
$57.5 million CAD
Greta Energy Equity Share
25%
Partner
Veresen Inc.
Number of turbines
9
Purchase Agreement
20-year PPA with Ontario Government
Phase I Purchase Agreement
RESOP $121 / MWh
Phase II Purchase Agreement
FIT $135 / MWh
Turbine
Siemens 2.3 MW
Status
Completed and online
Equipment and Purchase
Agreements
Structure
Phase III details
Phase I
Phase II
Estimated Capital Cost
$110 million CAD
Number of turbines
18
Purchase Agreement Type
20-year PPA with Ontario Government
Purchase Agreement Price
FIT $135 / MWh
Turbine
Siemens 2.3 MW
Estimated Start Date
Summer 2013
Estimated Completion Date
Spring 2013
Purchase agreement price exceeds available
guarantees going forward (signed pre-NTP
waver with OPA)
More Information?
info@gretaenergy.com
Greta Energy Inc
Confidential