Presentation on theme: "Invenergy The Power of Innovation. Invenergy 2 Corporate Overview Developer owner and operator of power generation projects. Experienced and proven."— Presentation transcript:
Invenergy 2 Corporate Overview Developer owner and operator of power generation projects. Experienced and proven management team in energy and power generation. Focused on the development of large-scale wind energy and natural gas projects as well as acquisition opportunities. Other renewable energy projects under evaluation. More than 12,000 MW in development, construction and operation including long term power contracts in excess of 2,000 MW. Headquartered in Chicago with development offices in Denver, Washington D.C., Milwaukee, Toronto, San Francisco and Austin, Texas. International offices in London, UK and Warsaw, Poland. Currently building a portfolio of power facilities in North America and Europe.
Invenergy 3 Invenergy Wind LLC (U.S.) Three projects (260 MW) of wind projects constructed in the U.S. in 2005 and now in commercial operation: Judith Gap, Montana – 135 MW (commissioning) Spring Canyon, Colorado – 60 MW (construction) Wolverine Creek, Idaho – 65 MW (construction) Buffalo Mountain, Tennessee project entered commercial operation in October 2004 – one of only a few projects in the US to go into construction in 2004 850 MW of Wind Turbines for projects slated for construction in 2006 and 2007 secured with GE (1.5 MW SLE units) 350 MW (three projects) planned for construction in 2006
Invenergy 4 Beech Ridge Wind Farm Northwestern Greenbrier County Proposed 186 MW facility 124 GE 1.5 turbines (77 meter rotors) Key landowner: MeadWestvaco Target Schedule PSC Siting Certificate: August 2007 Start Construction: April 2007 Start Operations: December 2007 Expected Output: 570,000,000 kwh/yr Economic Impacts $300,000,000 investment 200+ construction jobs 15-20 permanent jobs $400,000 /yr property taxes $200,000 / yr B&O taxes
Invenergy 5 Beech Ridge Opposition Anti-Wind MCRE CRW Tourism The Greenbrier & Sporting Club Greenbrier Co. CVB Elected Officials US Rep. Mollohan WV Senator Guills WV Delegate Canterbury WV Delegate Campbell Lewisburg Mayor Manchester Numerous Local Citizen Organizations Greenbrier River Watershed Association Williamsburg VWF Williamsburg Ruritan etc… Grassroots 2,000+ letters of opposition
Invenergy 7 Beech Ridge Supporters Labor (ACT) Industry WV MFA WV Forestry Association Environmentalists Sierra Club Coal River Mountain Watch Local Government Rainelle, Rupert, Quinwood, Richwood Greenbrier Co. Commissioners Grassroots 700+ letters of support
Invenergy 9 WV MFA Opinion Poll “Would you favor or oppose the construction of a wind farm or wind powered generator facility in your county?” County Breakout Greenbrier (n=111) Tucker (n=105) Strongly Favor32%57% Somewhat Favor32%24% Somewhat Oppose8%10% Strongly Oppose16%7% Unsure12%3% Local support for wind power typically increases after construction is completed.