Corvias Energy Initiative
Overview Corvias is committed to leveraging its core capabilities in public-private partnerships, real estate management, and renewable energy project finance and development to help the military reach its sustainability goals by the year 2030: 25% of energy consumption from renewable sources by 2025 and over 2GW (Gigawatts) of renewable energy capacity by the year 2030. Through Corvias Solar Solutions and Onyx Renewables, LLC, the Corvias Military Living Solar Initiative is committed to helping its military partners reach their goals by providing engineering, procurement, construction, development and financial services to find creative solutions to making the armed forces more energy secure, resilient, and sustainable.
Installation Benefits of Solar Energy Renewable Energy Credit Retirement All Renewable Energy Credits owned by the military branch of service Reporting requirements and burden incurred by Sunstone on behalf of the military branch of service Ground lease amendments to outline management of renewable energy attributes and credits Solar across all installations in portfolio not just key solar states Utility Cost Savings/ Stabilization All PPA (Power Purchase Agreement) rates negotiated at or below current/projected utility rates Stabilized energy costs aligned below proforma projections Flexible PPA termination clause for off-taker Benefits Turn Key implementation (no costs born by the project co) At risk development by the private partner No operational or reporting burden on project company staff
DOD BENEFITS OF SOLAR ENERGY Expertise and financial strength to enable military installations in the Army and Air Force to make meaningful progress towards accomplishing the Department of Defense s aggressive energy goals Corvias Portfolio Potential Army + Air Force renewable goals 2,000MW* 72MW* 233MW* Currently Deployed On-Base Committed by Housing Providers DOD Stated Goals 25% Renewable or Alternative Energy Consumption Target for 2025
Aberdeen Proving Ground Project Overview Project Size: 1,144kW (Kilowatt) 210 residential homes, 2 community centers Equipment: Buy American and Cyber Security Compliant Interconnection with (BGE) and Code Compliant Build rate: 6 homes/day (45kW/day) Total On-Site Duration: 30 days Total Estimated 25 Year Saving: $2M 2% increase annually vs DoE estimated 4% annual increase in electric rates Construction Completion: 10/29/2015 Power Purchase Agreement Rate: $0.1422/kWh Total RECs (Renewable Energy Credits) to Army: 40GWh
Fort Meade, Maryland Project Overview Estimated Project Size: 9 MW Residential homes across 6 communities, 4 community centers and Reece Crossings Equipment: Buy American and Cyber Security Compliant Interconnection with BGE and Code Compliant Target build rate: 100kW/day Total Estimated 25 Year Saving: $13M 2% increase annually vs DoE estimated 4% annual increase in electric rates Completion dates: RC Nov 2015/ Fort Meade Apr 2016 Power Purchase Agreement Rate: $0.1278/kWh Total RECs to Army: 247GWh
Eglin AFB Preliminary Scope 747 Energy Efficient New Homes 1 New 12000sf Community Center Solar Goals ( 2017-2018) Estimated Project Size: 3 MW Roof Mount, 10MW Ground Mount Residential homes across 1 community and 1 community center Equipment: Buy American and Cyber Security Compliant Interconnection with CE/Gulf Power and Code Compliant Total Estimated 25 Year Saving: $2M Estimated start and completion date: Jun 2016/ Dec 2016 Power Purchase Agreement Rate: $TBD/kWh Total RECs to Air Force: 371GWh
Hurlburt Field Preliminary Scope 404 Energy Efficient New Homes - 1 New 8000sf Community Center Solar Goals (2016-2018) Estimated Project Size: 2 MW Roof Mount Residential homes across 2 communities, 1 community center Equipment: Buy American and Cyber Security Compliant Interconnection with Gulf Power and Code Compliant Total Estimated 25 Year Saving: $450k Estimated start and completion date: Jun 2016/ Dec 2016 Power Purchase Agreement Rate: $TBD/kWh Total RECs to Air Force: 57GWh
Energy Efficiency Index Rating
Stan Morehead Business Director 850-344-0215 Office 850-218-4287 Cell