Investors Wanted: Solar Electricity Long Term Power Purchase Agreements (PPA) $90/MWh cost --> $150/MWh price + index

ctyankee

Usually the first thing you see is the name of the company. Only a few folks I know on this board know what that is because I feel it's impolite to blatantly advertise on someone else's forum.

I'm seeking backers to install several concentrating solar power sites under PPAs. The plan is that the company would own & retain the capital equipment, and the customer would agree to purchase the energy for 5, 10, 20 years or more.

The simple payback on such a system is on the order of 3-7 years anywhere in the country, less when incentives are included in the equation. Just so there is no misunderstanding I'm looking to raise ~ $5-8 million for the purpose of installing 10 first round systems.

Once this hurdle is overcome the objections common to virtually every other interested party I've been in touch with will no longer exist. "Show me the full size working model."

The first units will be located in the state of CT as part of their "20% Renewable by 2010 Clean Energy Communities" Please see http://www.ctcleanenergy.com/communities/ccec.php for more information.

We've all seen the boiler plate verbiage "This is not an offer to sell securities..." but it is an attempt to interest qualified investors to inquire further.

I will answer any questions publicly here (if practical/possible) or provide an e-mail for private contact. I've been posting here long enough to demonstrate that I'm not a fly-by-night scammer. Further, I may have been indirectly instrumental in getting the personal blogs (sales scams) of some posters here dumped from the board's new format.

BTW oil closed ~$126.47 off of a high of $133.12 today 5/29. If you think that's good news then I apologize for posting. If you think that oil prices are going to continue to rise... Well I would hope you can or would act, or at least persuade someone to ask me a few questions.

Thanks for reading. Thank you for your time.

The Light is Green! 



athena
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

I've spent the afternoon at www.crcresearch.org.  Lots of good stuff but apparently no body seems to know that solar/thermal can produce electricity more efficiently than PV, can produce heat which can be stored for use 24/7 and is more efficient.



athena
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

FYI - 

The City of Ottawa Canada now has an "Economic and Sustainability Branch" and is looking for a Director. 

The non-Government, Community Foundation of Ottawa manages endowment assets of $96,000,000.00

The Ottawa Sustainability Foundation is busy fundraising. 

What's a Hummer? 



Jeff Schultz
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

Chris,

A Hummer is a conglomeration of plastic and steel built by GM. I was being facetious as always, has to do w/ my bi-polar disorder! If I ran a solar company I would name it Bi-Polar Solar!

Sounds like you Fellers are making headway in Ottowa, good for you.

How is the fishin' up there?



ctyankee
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

I may be all wet, but they probably want a bean counter. Excuse me, fund manager.

4% means they probably have a $3.5MM budget & $340k of overhead.

That's a Hummer!



athena
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

The three organizations are independent and there appears to be very little cross pollination.  You can find them on the weeb.   I was just making people aware that something is happening, and offering it as something to copy for your own community, you could even create a new job for youself - for when you retire.



jstack6
jstack6's picture
Re: Investors Wanted: Solar Electricity Long Term

I think you have some different idea of making your own electricity than we do. You don't have to be rich or buy into a million dollar system .

the poerest in foreigh=n countires are saving money with solar , 1 battery and a light. It saves them from buying fuel or firewood. It clears the air they breath. It is very low cost in the long run. SEFL elco and other non profits help them buy and pay for their systems at 0 interest.

http://www.self.org/shs_finan.asp

In the US you can put in a small grid tied system or even a little stand alone system to cut your bills. It doesn't take a lot. Many pay more for cars , pools and other toys like 4 wheelers and boats. Even if they are poor it's all in how you spend and invest your pennies.

Some poor spend their pennies at fast food places, on cigarettes and junk food. That is why they are poor, poor choices.

the solar stacks

--

solar stacks



athena
Re: Investors Wanted: Solar Electricity Long Term

In Germany there is a little town called Freiamt (no I don't know how to pronounce it) that produces 13 million kilowatts from wind turbines, photovoltaics and biogas generators.  They only use 10 million killowatts and sell the rest to the grid.   Most of this energy is produced with small privately owned systems.



ctyankee
Re: Investors Wanted: Solar Electricity Long Term

Hi jstack,

  Yes, you're absolutely correct.  When the system was first conceived the intention was to provide a 25kW genset for the modern American home.  The unit would provide ample energy for daytime consumption of even a high demand household, and 'dump' the surplus power onto the local utility grid, al la the net metering rules at the time.

  These houses were drawing power from the utility and had no need for batteries, but might have been attracted to the backup power possibility.  The 'energy storage' was to be in the form of a cash balance with the power company.

  When the logistics on an install were considered, we realized that larger units installed on commercial buildings would allow us to deploy even more megawatts of capacity, with fewer accounts; keeping the price lower.

  Above a specific size we'd start to encounter competition again.  Industry realized long ago that when energy is being wasted from certain point sources it makes good business sense to recapture it; that level is ~250kW.

  So we found a very clear niche market.  From ~1/2 million dollars down to a few tens of thousands.  Does this directly benefit the poor? No.  But it can produce the maximum return on investment for *any* renewable energy project.  Maybe we could supply some NGO's with cheap/free energy, and let them do what they're designed to accomplish with the windfall.

  As for the poor choices that so many make... It's sad.  What some folks waste in the blink of an eye, could make a huge difference to others.  But as I've heard said before "Ya' can't fix stupid!"

  Now if I could only get some committments... Not even contracts, just Letters of Intent.  We'just need folks that are in a position to committ to look at the proposal and decide that if the systems can be proven to perform as we claim they will buy one.  That then and only then will they committ to a purchase orded for a suitable system.  If we can't demonstrate, then they have zero obligation.  If they go with another system in the mean time, we'll waive the obligation. 

  I can't think of any way to provide more assurances or lower risk to a potential buyer.  My confidence in the system is total, there is almost no way it can fail to deliver energy.

  We've got backers in place ready to invest in the manufacturing aspect, what they want to see is potentail customers.  We're trying to get people to see that once the process starts it'll be like toppling dominoes.  The demand for energy is there.  Imagine what'll happen when the supply of energy is unlimited and even cheaper than it is today!



ctyankee
Re: Investors Wanted: Oil hits $142

A month and a day later and oil has closed at $142

Does anyone think that we'll see a return to cheap energy, other than solar?

A few weeks ago I did a back-of-the-envelope calculation for electricity generated from $140 oil.  The fuel alone put the cost of that electricity at >$164/MWh.

I've mentioned it before; 20 year capital equipment cost for solar electricity from CSP $90/MWh

100kW of power per acre of land or rooftop, up to 8hr per day.

The Light is Green!



ctyankee
Re: Investors Wanted: Oil hits $142

It's been 3 more weeks and it's fallen to $127  Somethin' fishy goin' on...???



athena
Re: Investors Wanted: Oil hits $142

Speculators can affect the market causing spikes, but "the market" eventually punishes all but the few who drive the system, and sets the real price of the product.

In the long run China and India are "the market"  and when enough of them can afford to spend like Americans they will get all the oil they can afford - which will leave nothing for the rest of us to bid on with money we don't have. 



athena
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

I've just been looking at the Canadian efforts to promote alternate energy.  They pay 11 cents/kwh for electrcity produced from wind, water and bio-mass and 42 cents/kwh for electricity produced from solar photo voltaic.  So far they have signed up 314 contracts- 57% are wind systems producing 30% of the extra energy, 32% are solar PV systems producing 1.3% of the extra, 5% water systems producing 19.6% of the extra, and 5% of the contracts are Bio-mass producing 49.6% of the alternate energy.    Although solar/thermal systems are included in the promo no one has of yet set one up.

Most of these bio electricity producers are recovering gas from garbage dumps.  In ten years time that will be used up and we will have given a bonus $60 million to the American entrepreneurs who took advantage of our Government programs.

Apparently, US companies can sell electricity to the Ontario Power Authority for the promotional 11 cents/kwh. 

That looks like a no brainer solar/thermal produces the stuff for 3 cents and sells it to the Government for 11 cents.

I'm surprised that GM hasn't offered you space in their old truck factories. 

 



ctyankee
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

Almost a week, not a single comment, not even a "Shhhh... go away."

Is it that no one is 'connected' or that no one sees the threat of $130/bbl oil?

I hate responding to my own posts, but I want to keep it on the active list, for a little while...  ;^) 



jstack6
jstack6's picture
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

I'd say it's not to many investors with lots of money hangout on this website. Most of us are common working people who don't have meag bucks to invest. I buy solar stocks and use my IRA so I can buy and sell with no taxes or reports.

 the solar stacks

--

solar stacks



ctyankee
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

Ya never know who might be lurking, hoping to find an honest opportunity.  The reason I'm so harsh to first time posters that come in and trying to peddle "sliced bread" is because they muddy the water.  They made every new concept stink of snake oil.

That's why I talk about my product in vague terms and haven't mentioned the company name in the forum.  An interested party *can* find out who I am and what my company is, but it'll take some effort.  Enough effort for them to be convinced that what I have is legit.  Because in searching they will learn enough background from so many diversified & reputable sources, that if they are capable of critical thought the conclusion is inevitable.

The other important issue, from the perspective of the board, is the fall off of traffic to the site over the past several months.  Do you know who runs the board?  They made a number of what I felt were detrimental changes to the workings some months ago.  I contacted them and I assume they agreed, because they undid the changes, although some new bugs still remain.

IRA trading... hmmm, I wish I had done that in '06, my software weirded out and I'm in the middle of re-filing my schedude D's...  Bloody IRS thinks the basis for all my trades that year was zero; bunch o' gummint morons.  One more reason I support the FairTax HR-25.

Well, it would be great to breathe some life back into the board.  There were a bunch of posters that simply evaporated.  I find it hard to believe they all died or simply ran out of opinions.

The Light is Green!

--Peace, love & granola



athena
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

ct

If only wealthy people can afford to produce their own electricity, and reduce their tax contribution by not paying for power from regulated distributors, the spread between the haves and have nots will become unmanageable. I'm surprised that you have not yet been visited by the M.I.B. - or have you?

 

athena



ctyankee
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

Hey Chris,

Without trying to sound crass, I want to generate energy, not manage the schism between rich & poor.  Sure there are good deeds I want to accomplish, but I need to become successful to make a significant impact.

The classic image of the old hippie/green inventor dude, toiling on a few dozen unique and fascinating creations since Woodstock doesn't appeal to me (well it does, but I can do so much more)

Back in 2001 I was looking out over a rooftop & parking lot, and 'saw' tens of thousands of dollars worth of heat, rising up into the atmosphere, making the the day less comfortable by the minute.  As the AC was struggling to keep the inside cool, I contemplated how many rooftops were in a mile radius... Each building burning up electricity to keep its occupants cool...

I saw an opportunity to waste less electricity!  I also saw an opportunity to turn *some* of that waste into CASH.  It didn't take long for the scope of the issue to yield some numbers that's make any body's eyes pop.

I've got this little chart with 2555 (7 yr x 365 days) hash marks on it and a picture of a 'little red flashy thing' but I don't really know what it means... ;^)

 



athena
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

ct,

Your solar/thermal web site does not show if your collectors are piped to collect rain (a bonus feature) - otherwise it's pretty informative. 

Have you thought about offering a night school course in solar/thermal ?- Get paid to promote a subject that really should be promoted.

 

 

 



ctyankee
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

The water control was a little bit-o-fancy.  The point I was trying to make is that if we're going to prep a site for panel installation, that we could for very little extra effort grade the site to control rainwater runoff.

Since the panels are inclined, and sort'a quit workin' when it's raining, we could angle the troughs to direct the rain towards a catchment at the base of each row of panels.  It wouldn't affect out performance in any way, and the runoff is gonna happen whether we direct it or not.



Jeff Schultz
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

And    And   use the run-off to run a small screw turbine to supply batteries that power the neon signs out front that read "Power provided by Nuclear Fusion".

Paul, teaching courses? I can't imagine contradicting him in class, let alone trying to get a word in edge ways! I gave up after two years of teaching college students or trying to. Maybe, just maybe, Paul has more patience than I do.

Crude at $123.26? Gas prices are dropping, Hmmm, maybe I'll go buy that Hummer that I always wanted now that gas is so cheap and plentiful!

Here I sit writing on the paper

Trying to make the words you can't ignore

In my mind, what I'm lacking

Score at face, a ten for slacking

Sign the deal, set in motion

Smaller fish, so huge the ocean

Yield to those without power, and take ye no shit from those who do!

 

 



athena
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

Fishing?  You mean dangling bait and thinking about what you would perfer to be doing?  It's great.

Cyrium has just raised $15 million to put their CPV (concentrator photovoltaic) cells into production.    They are talking about $1 a watt, but I don't believe that includes the installation with the concentrator components.  They are also talking about being competitive with "power generated by coal, nuclear, water and other electricity sources"   They are not even promising to be cheaper or as "cheap" as electricity produced from oil, so don't hold your breath.

However, if you can produce energy in your own back yard you avoid all the extra costs associated with purchasing energy, - like taxes, the 7% energy lost in grid transmittion and/or handling or processing charges.  Carbon taxes of any kind will reverse the spread between fossil and alternative energy, so the winner may just be the system that has the longest life and least effect on the environment. 



ctyankee
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

Hey Chris,

  Speaking of fish... That Tom D. dude on Pickens is selling snake oil.  Momentum is not energy, 'nuf said.

 



athena
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

ct

"South Stormont and East Hawksbury will be home to four of Ontario's first solar energy parks by the end of the year, generating enough power for more than 5,000 homes annually".

Construction alone will cost about $270 million.  That's before we, the Ontario Power Authority, starts buying the power for the next 20 years at 42 cents/kwh.   This project will provide jobs for more than 100 people, is being managed by a company from Australia and will cover up prime agricultural land.  Good Eh?

Talk about Snake Oil !!!!   I do not see how those numbers are sustainable.  Looks like a snake hole for tax money.

How does that compare to Solar/Thermal?

When do we launch Jeff's   Buy - Polar Solar company? 



ctyankee
Re: Investors Wanted: Solar Electricity Long Term Power Purchas

If you assume 3kW/home then that's 15MW... $270M ->  $18/W ... milk money!

That's the kind of deal *everyone* wishes they could cut!!!

You got it TAX $$$ -- deep pockets! 

Who's getting greased should be the question...