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.

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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.

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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.

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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.

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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.

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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

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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%