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Wind Energy Development Opportunities in Alabama

Wind Energy Development Opportunities in Alabama. POWER-UP Energy Forum December 12, 2013. Company Background. Independent & privately-funded Develop wind and solar energy projects Founders have 50 years combined experience

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Wind Energy Development Opportunities in Alabama

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  1. Wind Energy Development Opportunities in Alabama POWER-UP Energy Forum December 12, 2013

  2. Company Background • Independent & privately-funded • Develop wind and solar energy projects • Founders have 50 years combined experience • Key roles in developing over 17 wind projects around the country (2,700+ MW)

  3. Wind Energy in America • Enough energy to power the equivalent of ~15 million American households • 45,000+ wind turbines across 39 states • ~75,000 jobs supported • 400+ manufacturing facilities • 9 located in Alabama • $15 billion in private investment per year over last 5 yrs Source: AWEA

  4. Benefits of Wind • Home-grown, clean energy • No water use, reduces pollution • Cost Competitive • Economic benefits to communities • Potential increase to tourism • Low use of land • No fuel cost • Hedge against natural gas and coal price fluctuations

  5. How Much Power Capacity?

  6. Rapid Technological Improvements Source: NREL, Recent Developments in the Levelized Cost of Energy from U.S. Wind Power Projects: 2012

  7. U.S. Wind Project Locations Manufacturing Facilities Source: AWEA, US Wind Industry 4th Quarter Market Report: 2012

  8. U.S. Wind Resource Map

  9. Northeast Alabama Wind Resource Project Sites Dramatic concentration of wind on the ridge Project location Much lower wind speeds off the ridge

  10. Wind Energy in Alabama • Currently no wind production in Alabama • However, 1,000+ MW of recent purchase agreements by TVA & Alabama Power for wind projects located in Midwest • Clean energy benefits, but local jobs and investment leave state • Several in-state projects under development • Recent purchase agreement between Pioneer Green and TVA for Cherokee County project

  11. Noccalula & Shinbone Wind Projects Noccalula (80MW) Shinbone (18.4MW) Gadsden

  12. Drivers of Wind Energy Development in the Southeast • Over-development of high wind areas; lack of transmission • Wind turbine efficiency improvements = cost effective • Giant wave of coal regulation coming, thus putting upward pressure on pricing • Minimal (if no) future development of new nuclear and/or hydro facilities • Utilities have increasing appetite for wind • Population growth = increased demand • States already adopting Renewable Portfolio Standards (RPS) (e.g. North Carolina) "It's really a gas and wind world today.” – Jeff Immelt, CEO, General Electric, July 2012

  13. Thank you! Patrick Buckley Development Manager patrick.buckley@pioneergreen.com 1802 Lavaca Austin, Texas 78701 (713) 962-2933 http://noccalulawind.com

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