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| Project Development
Solar Projects: Solar Projects: City of New Bedford Photovoltaic Project  BlueWave Capital and its partners are developing a 10 to 20 MW solar photovoltaic project that will supply 12 to 24 million kWhs of electricity to the City of New Bedford beginning in late 2012. The project consists of 15 to 20 sites that will be developed in 2012 and 2013. The New Bedford Project will use both brownfield and greenfield sites and will supply a material portion of the City's electricity needs. Taunton Municipal Lighting Plant (TMLP) Photovoltaic Project  BlueWave Capital and its partners, are developing a 6 to 10 MW solar photovoltaic project that will supply 7.2 to 12 million kWhs of electricity to the Taunton Municipal Lighting Plant beginning in 2012. The project will include 8 to 12 sites that will be developed in 2012 and 2013. The TMLP project will use both brownfield and greenfield sites and will supply a material portion of TMLP's electricity needs. Town of Athol Photovoltaic Project  BlueWave Capital and its partners, are developing a 3 to 4 MW solar photovoltaic project for the benefit of the Town of Athol, Massachusetts. The project consists of 4 to 5 sites that will be developed in 2012. The project will use both brownfield and greenfield sites and will supply 100% of the Town of Athol's electricity needs. Eagle Hill School Photovoltaic Project  BlueWave Capital and its partners are developing a 1 MW solar photovoltaic project that will supply 1.2 million kWhs of electricity to the Eagle Hill School in Hardwick, Massachusetts beginning in mid-2011. The project will be developed on a greenfield site and will supply 100% of the school's electricity needs for years to come. Town of Amherst Photovoltaic Project  BlueWave Capital and its partners have been selected to develop a 5 MW solar photovoltaic project on the Town of Amherst's closed landfill. This project will supply more than 6 million kWhs of electricity per year to Amherst beginning in late 2012, and will provide a material portion of the Town's electricity needs once commissioned. In addition, BlueWave is working with the Town Manager and Public Works Superintendent to identify additional municipally owned parcels for solar installations. Town of Sturbridge Photovoltaic Project  BlueWave Capital and its partners have been selected to develop a 3 MW solar photovoltaic project on the Town of Sturbridge's closed landfill and other municipal sites. This project will supply more than 3.6 million kWhs of electricity per year to Sturbridge beginning in late 2012 or early 2013, and will provide a material portion of the Town's electricity needs once commissioned. St. Croix Renaissance Park (U.S. Virgin Islands) St. Croix Renaissance Park is a 1200-acre industrial property on St. Croix, U.S. Virgin Islands owned by St. Croix Renaissance Group (SCRG, which is part of Mugar Enterprises). BlueWave Capital is an equity partner in the site's development. Independent of this development partnership, but with the support of SCRG, BlueWave Capital has submitted a proposal to the Virgin Islands Water and Power Authority to generate 7.2 MW of power on the site with a 3 MW solar photovoltaic ("PV") array and a 4.2 MW wind farm. The property is located on the southern coast of St. Croix adjacent to Hovensa, one of largest oil refineries in the Western Hemisphere. In 1962, Harvey Aluminum developed the property in conjunction with the USVI Government and built one of the world's largest alumina production operations. Since that time several companies including Martin Marietta and Alcoa have owned and operated the site for alumina production. A declining alumina market led Alcoa to close the facility in 2001. SCRG purchased the idle property in June 2002 and from the beginning has made clear its commitment to balance its business objectives with sound environmental stewardship. The property includes more than 300 acres of industrial buildings and infrastructure. Other site assets include a 65 MW coal-fired power plant, a two million gallon per day desalinization facility, undeveloped coastal areas and one of the largest and most sheltered deep-water ports in the Caribbean. The multi-faceted redevelopment plan includes full utilization of the power generating and water producing facilities, the siting of environmentally responsible industrial and commercial and energy-related businesses and a variety of major port operations. On May 6, 2009, Diageo, the world's leading spirits, wine and beer company, broke ground on a Captain Morgan rum distillery that will be built on 26 acres at St. Croix Renaissance Park. The distillery will begin production in 2011, and by 2012 will supply all rum used to make Captain Morgan branded products for the U.S. market. At full production capacity the Diageo plant will produce 20 million proof gallons of rum per year. Wind and Hydroelectric Projects: Grand View Farm Wind Turbine (Derby Line, VT) BlueWave Capital, in partnership with Alteris Renewables, is advancing a 3.2 MW wind turbine project (two 1.6 MW turbines) in Derby Line, Vermont. The landowner initiated the project in 2008 after installing a 10 kW wind turbine on his property. After realizing the site's potential to host a larger utility-scale wind energy conversion facility, he worked with Alteris to identify the best possible options. During that time, the State of Vermont passed legislation establishing a Renewable Energy Feed-in Tariff (also known as SPEED). The first phase of this program is capped at 50 MW of installed generation capacity. Alteris and BlueWave are now working with the landowner to permit and execute the project. BlueWave/North Country Renewables Wind Projects Through an affiliated LLC, BlueWave/NorthCountry Renewables, BlueWave Capital has preferred development rights for New England properties owned and managed by Green Crow, one of New England's largest private landowners, with extensive land holdings in Maine, New Hampshire and Vermont, as well as the Pacific Northwest. BlueWave has identified three New England properties with potential for wind development and is poised to move forward on pre-development activities on two of these properties. The opportunities include 10 to 20 MW of wind in New Hampshire; 10 to 20 MW of wind in Vermont; and 10 MW of wind in Potter County, Pennsylvania. Brownfields-Hydroelectric Dam Site (Pownal, VT) BlueWave Capital, in partnership with Encore Redevelopment, is pursuing redevelopment of the Pownal Tannery site, which is a Federal Superfund site. The property also houses a hydroelectric dam that is no longer operating. The project will return this brownfields site to productive use by addressing the environmental contamination and re-commissioning the former hydroelectric facility to deliver up to 400 MW of clean, renewable electrical power into the region's grid. Fall River Wind (Fall River, MA)  BlueWave, in partnership with TRC Solutions, is conducting wind feasibility studies for the City of Fall River. Specifically, BlueWave and TRC are identifying optimal sites for wind development; providing detailed analysis of three to five of these potential sites; and recommending strategies for addressing economic and environmental issues associated with pursuing wind development on these properties. In addition to looking for sites of sufficient size with sufficient wind, BlueWave and TRC are assessing the potential for back-of-the-meter opportunities, to provide supplemental power for schools or other municipal offices, and evaluating the economics of producing electricity to sell back to the grid. Completed Projects: Boston Autoport (Boston, MA) Diversified Auto, LLC leases 70 acres of land in Charlestown from the Massachusetts Port Authority, known as the "Boston Autoport" site. Diversified Auto uses the site for its automobile import, processing and distribution operations. In 2007, the U.S. Department of Energy selected a two-acre portion of the Autoport site as one of two locations in the country for a federally-funded wind turbine blade testing facility. Building on this high-profile renewable energy operation, Diversified Auto worked with BlueWave to look at opportunities to improve environmental sustainability at the site. This included assessing the economic and environmental feasibility of erecting a utility scale wind turbine generator; and assessing the technical and economic feasibility of installing up to 200 kW of solar PV panels on the roof of a terminal building. Municipal Solar Installations (Brockton, Chelsea, and New Bedford, MA) In 2007, the Massachusetts Technology Collaborative (MTC) awarded grants to a handful of cities under the Clean Energy Choice Low-Income Program to install solar PV systems on public buildings that serve low income residents. BlueWave led the effort to draft and submit successful grant applications for the City of Brockton (24.5 kW on the Council on Aging Center and the Brockton Area Transit Center); the City of Chelsea (12.96 kW on Burke Elementary School, Wright Middle School and the Chelsea Public Library) and the City of New Bedford (9.9 kW on Keith Middle School). BlueWave then worked with these three cities to develop RFPs for the installation; manage the timely design and installation of the systems, including facilitating contracting, coordinating schedules, reviewing design deliverables, and overseeing project construction; develop educational programming; and coordinate interaction between MTC and the cities, which included fulfilling the necessary reporting requirements. National Supermarket Chain (Massachusetts and New York) A large, national supermarket chain was interested in installing solar PV on the rooftops of its facilities. The company worked with BlueWave to indentify the most opportune locations for exploring solar PV installation. They then looked to BlueWave to conduct the necessary technical and financial analysis to determine the feasibility of installing solar PV at the most promising locations. This included evaluating the costs and benefits of each solar PV installation; developing project pro forms; providing recommendations for optimal system sizes and financing approaches; and suggesting utility strategies and ways to market the installation. Wetlands Banking (Massachusetts) Massachusetts Acts Chapter 291, enacted on August 10, 2004, directed the Executive Office of Environmental Affairs to establish a pilot wetlands mitigation bank in the Taunton River watershed for the purpose of mitigating the wetlands impacts of transportation, other public works projects and projects requiring wetlands variances and orders of conditions within the Taunton River watershed. If properly implemented, the wetlands mitigation bank will have numerous benefits including: substantially improved wetlands restoration quality; accelerated bridge replacement and road repair in Southeastern Massachusetts; significant contribution to meeting wetlands permitting requirements for large, public purpose infrastructure projects; enhanced wetlands enforcement activity; and more certain, cost-effective and timely wetlands permitting. The Commonwealth of Massachusetts selected BlueWave Capital to assist in the implementation of the enabling legislation, specifically to identify a wetlands banking site within the watershed and to undertake the design, permitting, restoration, credit trading, operations, management, and long-term monitoring of the wetlands restoration bank.  |
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