powerhouse one: a 3 mw solar power farm in fayetteville, tennessee
DESCRIPTION
This is from the first half of the recent webinar "Anatomy of a Successful Solar Asset Deal: One Year Later" Solar power project M&A (Mergers & Acquisitions) have hit records recently. Now, you can look behind the scenes of one successful solar asset acquisition. Last year, Principal Solar, Inc. acquired the Powerhouse One solar project in Fayetteville, TN from Vis Solis. This webinar will analyze the acquisition starting from initial contact to post-transfer operations. We will answer questions like: •Why did Principal Solar want to buy? •Why did Vis Solis want to sell? •How did they find each other? •How was the deal structured? •How long did it take? •And most importantly: What's happened since then? Join this live webinar to hear key stakeholders from Principal Solar and Vis Solis discuss the ups and downs of this acquisition; then ask them questions about your business deals.TRANSCRIPT
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Developers of world-class PV power plants
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We engineer, procure, construct…
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…finance, own and operate PV
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GLOBAL Network / LOCAL Focus
• GLOBAL Expertise• GLOBAL Resources• GLOBAL Procurement
• LOCAL Sites• LOCAL Partners• LOCAL Energy
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POWERHOUSE ONE 3.0 MWp Solar
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3.0 MWp – Lincoln County, TN
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Generation Partners
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4 Systems @ 750 kWp = 3 MWpLincoln Farm I Lincoln Farm II
Lincoln Farm III Lincoln Farm IV
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Lincoln Farms 1,2,3 Site
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3.0 MWp – Lincoln County, TN
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Lincoln Farm I
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Lincoln Farm IV Site - Before
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Lincoln Farm IV - After
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Survey and Layout
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Post Driving
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Post Driving
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Ballasting
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Racking
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Racking
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Module Planning
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Mounting Photovoltaic Modules
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Mounting
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Mounting
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Mounting Complete
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Connecting
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Wiring
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Wiring
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Wiring
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Equipment Pads
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Inverters and Transformers
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FPU Grid Upgrades
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Interconnection
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Interconnection
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Final Inspection
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Meter Install
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Generation Meters
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Projected Annual Generation
• Lincoln Farm I = 1,061,532 kWh• Lincoln Farm II = 1,053,090 kWh• Lincoln Farm III = 1,056,951 kWh• Lincoln Farm IV = 1,058,130 kWh• TOTAL = 4, 229,703
KWh
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Technical Data
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Keys to Success
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Global Team – Local Focus
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Fayetteville Public Utilities
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FPU Distribution System
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Tennessee Valley Authority
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Extensive Solar Experience
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Experienced PV Installers
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Perseverance
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Principal Solar – Vis Solis Highlights
• Proven PV Project for Principal Portfolio• Freed up Cash for More Vis Solis Development• Largest Commercial PV Plant in TVA• Half the cost of TVA West Tennessee Solar Farm• Made FPU #2 in US for Installed PV per Customer• Vis Solis Financed, EPC’d, Monetized 1603 Grants• First Deal in Ongoing Principal – Vis Solis Relationship