Town of Ansonia

Board of Alderman
8-11-14
TABLE OF CONTENTS
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I. Executive Summary
II. Company Overview
III. Town of Ansonia Landfill Site
EXECUTIVE SUMMARY
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EXECUTIVE SUMMARY
Greenskies Renewable Energy LLC is a Connecticut-based solar
integrator that specializes in solar financing, system design, project
implementation, system monitoring and maintenance, primarily in the
northeastern United States. Our core attributes allow us to enjoy
several advantages over competition in our market including:
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Dedicated focus on commercial & municipal markets
Most competitors have focused on residential solar installations or utility-scale development, leaving an
opportunity in the under-served commercial/municipal space. Our steadfast focus on these markets
has resulted in an ability to provide our clients with tailored solar services, specifically designed for this
client type.

High quality customer base
Solar PPAs are long-term financial commitments. For this reason, Greenskies only engages with
investment grade commercial and municipal clients. The vast majority of projects that we have
developed have been with off-takers rated A or better.

Lean and efficient operating model
Greenskies maximizes its efficiency by maintaining low overhead costs while providing a complete
suite of services to its customers. Efficient operations result in a competitive advantage versus our
larger competitors, especially those competitors who manufacture solar equipment.

COMPANY OVERVIEW
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COMPANY OVERVIEW
Founded in 2008, Greenskies has managed to achieve fundamentally
sustainable growth. This growth is not only due to its market focus
and the quality of its off-takers, but also due to its strong strategic
alliances including:
6 relationships in order to support its strategic scaling plan.
Strong alliance with a leading construction firm
Our Engineering, Procurement and Construction (EPC) partner is Centerplan Construction Company
LLC. Centerplan applies decades of industry knowledge and expertise to each Greenskies project at
the construction level to ensure safety, quality control and optimal electrical generation. Centerplan
handles both construction management and actual performance on site from breaking ground to
commissioning. Centerplan maintains a strategic relationship with IBEW, which allows for immediately
scalable access to experienced electricians throughout the northeast.

Strong and diverse relationships with Tier 1 equipment manufacturers.
By working with a variety of credit-worthy manufacturers and taking advantage of the most cutting
edge technology available, Greenskies is able to optimize each project site, creating solar systems
that will generate solar energy at its peak performance for an economically viable price.

Strong relationships with regional and national financing institutions
Greenskies has been fortunate in that it was able to establish successful working relationships with
institutional providers of capital early in its existence. After the successful completion of many projects
and the repayment of institutional capital at attractive returns, it has been able to broaden its financial

Town of Ansonia
Landfill Site
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Proposed Layout Ansonia Landfill, 3 N. Divison Street, Ansonia, CT
System Information:

559.98 KW (DC)
Annual kW/Hour Production: 702 kW-Hours
Panel Type: JINKO 305 Watt
Panel Quantity: 1,836
Inverter Type: Advance Energy AE3TL23KW
Inverter Quantity: 17

Assumptions used in Cash Flow Summary:

Solar Electricity Cost: .09 Cents a kw/hour
Solar Electricity Cost Inflation rate: 1%
Ansonia Utility Rate: .15 Cents
Utility inflation assumption: 4% annually

Cash Flow Summary:

Year 1 Savings: $42,120
Savings to Town of Ansonia after 20 year term: $1,646,915


kWh 702,000
Degredation 0.50%
Solar Rate 0.090
Utility Rate 0.15
Escalator 1.00%
Utility Inflation 4.00%