Boreal Renewable Energy DevelopmentFerriter Scobbo & Rodophele PC

Outback EngineeringRichard C. Gross, Inc.

March 12, 2009

Notus Clean Energy LLC

Wind Turbine GeneratorPre-Bid Meeting

2

Presentation Overview Project Summary/Background RFP Structure

Goals / Preferences USDA / MTC Requirements Specific Item

Pending issues FAA Interconnection Building permit

Questions not yet covered Site Walk

3

History - Highlights 2005:

Feasibility Study 2006:

MTC Design & Construction grant 2007:

Local by-law changes to allow wind turbines in areas zoned light industrial

USDA 9006 grant awarded 2008:

All permits / approvals acquired Green Communities Act – Allows for net metering RFP issued FAA approval rescinded

2009: Interconnection application submitted Pre-Bid Meeting

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Site Plan

5

Ownership Structure

Notus Clean Energy, LLC will own the turbine

Float Realty Trust owns the land & building

The turbine will be interconnected behind-the-meter at 82/100 Technology Park Drive Currently leased to Teledyne Webb

Research

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Goals & Preferences

Largest turbine feasible Maximize output (renewable energy is

good) Economies of scale

Behind-the-meter Net metering now allows for near retail

rates

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Structure of Proposal

1) EPC services 2) O&M services

Strongly prefers bundled proposal, but will accept separate EPC and O&M proposals

Additionally, D&B alternative using the Vestas V82 “Under the D&B Alternative, Notus would enter

into a WTG purchase agreement with the MTC and immediately assign its rights and obligations under that agreement to the successful Bidder.”

All the above except potential procurement of the V82 from the MTC on a turnkey basis

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Basis of Award Competitive negotiation

“Negotiations are normally conducted with more than one of the Bidders. Discussions and bargaining are conducted with a view to reaching agreement on the technical quality, price, other terms of the proposed contract and specifications.”

Criteria for award is defined in 2.2 Experience is implicit items (c) O&M

contractor and (d) Project Completion Date

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EPC Scope of Services Highlights

Procure / supply 0.9 to 1.65 MW wind turbine Take over design

Electrical interconnection work with Richard Gross Acquire local building permit and roadway

permits Transport, site prep, site security during

construction, install, SCADA Start-up, testing & commissioning of turbine

and SCADA system Acceptance Test (proposed by contractor) Optional elevator

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EPC Scope of Services Highlights (2)

Warranty 5 years Optional additional 5 years

Availability or Power Output Guarantee Liquidated damages

Substantial completion by a specified date requirements

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D&B Alternative

EPC Obligations less Turbine procurement Turbine transport to site, including

permits

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EPC / D&B Pricing / Payment / Contract

Pricing Lump sum not-to-exceed Open book basis

% of profit to Bidder Not-to-exceed cap

Payment Based upon achievement milestones

15% reserved until Final Acceptance USDA requires use of EJCDC contract

documents USDA has provided $300,000 grant

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O&M Highlights

5 year warranty Option for evergreening Remote monitoring Responsible for Warranty / Power

Output Establish & maintain spare parts Train Notus staff & provide

documentation

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Pending Permits / Approvals

Permits / Approvals Notus is working on: FAA NSTAR interconnection for a V82

Assume if this is approved NSTAR will approve smaller turbines

Notus pays NSTAR Interconnection costs Contractor is required to acquire

Building permit Roadway permit (not if V82 D&B) NSTAR Interconnection, if not a V82

15

Proposals

Due 4:00 pm March 27th

Tom Michelmanc/o Boreal Renewable Energy Development43 Margaret StreetArlington, MA 02474

tmichelman@boreal-renewable.com

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Questions / Site Walk

Questions before the site walk Site walk Opportunity for additional questions

post site walk