Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew...

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Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern www.hullwind.org

Transcript of Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew...

Page 1: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull WindA Community Gets

GreenFinancing Wind Power :

The Future of EnergyMay 9, 2008

Andrew Sternwww.hullwind.org

Page 2: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull MA – Coastal community of 10,000

Page 3: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull wind project started in 1997

CARE – Citizen Advocates for Renewable Energy

40 kW installed at Hull H.S 1984-1996

Use of wind energy dating to 1820

Windmill PointHull, Massachusetts

Page 4: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull 1 - 660 kW – Dec 27, 2001

1,500 MWh/year

9844 MWh April ’08

27.02% CF

Equivalent to 250 home’s usage

~ 3% of Hull

Annually Offsets:

1,200 tons CO2

7 tons SO2

5 tons NOx

Page 5: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull 1 - 660 kW – Dec 27, 2001 Cost: $780,000.00

Town Paid Cash

Municipal Light Plant

Previous wind experience

Paid for itself in under 5 yrs through energy costs saved and incentives

Incentives

Federal REPI

~ 1.9 ¢ /kWh

Voluntary mkt RECs

~ 3.0 ¢ /kWh

Page 6: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull Wind 1 – Google Earth

Page 7: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull Wind 1 – from an airplane

Page 8: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull Wind 2

Page 9: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull Wind 2 – Vestas V80 1.8MW

$3,000,000 to install 20m atop a landfill

Foundation cost: $750K

Hull and Harvard U. ink 10-year REC deal

42,000 MWh RECs = $1,500,000

Page 10: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull Wind 2– constructed 2006

4,200 MWh/year – 7,337 MWh April ’08 23.95 % CF

95% approval of the residents of Hull, MA

Hull 2 commissioned in May 2006

Page 11: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull Wind 1 and Hull Wind 2 contribute over 11% of Hull’s entire electric load !

Hull plans on 4 off shore turbines for approx 100% of entire town load ~ 2009.

Hull 1

Hull 2

Page 12: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Hull Wind 3, 4, 5, 6 off shore = 100% Presently under development

Page 13: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

AWEA

EPA

Mass Municipal Assoc.

Mass Congressional

Award

Clean Air – Cool Planet

DOE

Hull has won several awards

Page 14: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

- Maine commission to weigh 2 wind-power projects

- Federal report favorable on Cape Wind

- Chelsea MA installs turbine

- Jiminy Peak 1.5MW S.E.D.

- Princeton (2 - 1.5MW) and Fairhaven (2 - 1.65MW)

- Quincy, Cohasset, Scituate, Ipswich predev

Several items in regional news

Page 15: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

Cape Wind comments extended

Page 16: Hull Wind A Community Gets Green Financing Wind Power : The Future of Energy May 9, 2008 Andrew Stern .

[email protected]@comcast.net

Hull ~ A Community Gets Greenwww.hullwind.org