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North Carolina Northeast
State of the Region
February 25, 2011
Agenda
• Iberdrola Renewables overview
• Introduction to wind energy
• Economic impacts
• Questions
2
The World Leader in Wind Energy
• #1 in the world for installed renewables; >12,500 MW
• #2 in the United States; > 4,600 MW
• 1,043 MW installed in the 2010
• 41 operating wind projects in 17 states
• Committed to invest $6B in the US over 2010-2012
3
North American Wind Assets
Pleasant Valley144 MW PPA
Twin Buttes75 MW Owned
High Winds 162 MW PPA
Shiloh150 MW Owned
Mountain View III 25 MW Owned
Dillon45 MW Owned MID-CONTINENT MID-CONTINENT
REGIONREGION
Elk River150 MW Owned
WESTERN REGION
Locust Ridge26MW OwnedLocust Ridge II102MW OwnedCasselman35 MW Owned
Maple Ridge II45 MW Owned (91 MW Project)
EASTERN EASTERN REGIONREGION
Current as of May 1, 2010
Colorado Green81 MW Owned
(162 MW Project)
Lempster 24 MW Owned
Maple Ridge 1116 MW Owned
(231 MW Project)
Peñascal202 MW Owned
146 MW Owned
Barton Chapel120 MW Owned
Farmers City
Dry Lake63 MW Owned
Providence Heights72 MW Owned
StreatorCayuga Ridge300 MW owned
Rugby149.1 MW owned
1 - Buffalo Ridge 50.4 MW owned2 - MinnDakota 150 MW owned3 - Moraine 51 MW owned4 - Moraine II 49.5 MW owned5 - Trimont 101 MW owned
6 - Elm Creek 99 MW owned7 - Flying Cloud 43.5 MW owned8 - Winnebago 20 MW owned9 - Top of Iowa II 80 MW owned10 - Barton 160 MW owned
1 - Klondike III a 76.5 MW owned2 - Hay Canyon 100.8 MW owned3 - Klondike 24 MW owned4 - Klondike III 223.6 MW owned5 - Star Point 99 MW owned6 - Klondike II 75 MW owned7 - Big Horn 199.5 MW owned8 - Pebble Springs 98.7 MW owned
Peñascal II202 MW owned
NC wind market drivers…
• NC Renewable Energy & Energy Efficiency Portfolio Standard (REPS) – passed August 20, 2007
– Investor Owned Utilities must provide 12.5% by 2021
• People and businesses prefer Green Power
• Fixed fuel cost
• Wind power is a local resource…not imported!
5
3 requirements for a wind project…
• Wind
–Annual average speed > 15 mph
• Transmission
–Location and capacity
• Land
–Unconstrained, buildable, privately owned
6
~330’
~475’
Swept area = 1.6 acres
Typical Wind Turbine (Gamesa G90)
~295’
• 2.0MW capacity• Energy for 500-
600 homes• 9-19 RPMs• Senses wind
speed & direction
• Rotates 360˚• Blades have
adjustable pitch
Trim
Trimont - MN
Win
Winnebago – IA
Klondike (OR)
Wind energy projects are…
• An economic driver
–Turbine lease payments to landowners
–Property tax revenue with minimal cost
–Construction jobs and supplies sourced locally & regionally
–NC Dept of Commerce estimates that a 300MW project in NE NC would create 48-139 new jobs and generate $89-108 MM annually.
11
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Wind energy projects are… widely accepted
Wind energy development process
• Find the wind & transmission
• Measure the wind’s characteristics
• Obtain rights to land
• Permitting & engineering
• Construction
• Commissioning & Commercial Operation
What about hurricanes?
• We have first hand experience developing coastal sites– Penascal – Kennedy County TX
– Jersey Atlantic – New Jersey
• The project design will consider frequency and intensity of hurricanes
• Design contemplates storm surge/flooding
• Over ~ 50 mph, turbine shuts down– Blades are feathered
– Turbine faces into and follows the wind
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Compare the impacts…
Electricity expenditures are rising…
17
Source: Bureau of Labor Statistics, http://www.bls.gov/opub/mlr/2008/04/art1full.pdf
Energy Subsidies Black, Not GreenFederal Subsidies (2002-08)
Fossil Fuels$72.5 billion
Renewable Energy$29.0 billion
$12.2 billionTraditional Renewables
$16.8 billionCorn Ethanol
$2.3 billionCarbon Capture& Storage
$70.2 billionTraditional Fossil Fuels
$2.0 $6.0 $6.2$0.3
Tax Breaks(Outer Ring)
Direct Spending(inner circle)
$5.0 $11.8
$16.3$53.9
All Subtotals in $ Billions
Climate Protecting
DamagingSource: Tommy McCall, Environmental Law Institute (compiled from IRS, U.S. DOE, Congressional Joint Committee on Taxation, Office of Management and Budget, & U.S. Department of Agriculture data)
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