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Removing the Financial Barriers to installing cost-saving, energy-efficient Biomass boilers

Removing the Financial Barriers to installing cost-saving, energy-efficient Biomass boilers. FORREX Webinar November 23, 2010 Reg Renner – Financing Specialist Atticus Financial Group - Vancouver. Austria: 1,200 Community Heating plants Sweden and Denmark: 50% of thermal heat- biomass

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Removing the Financial Barriers to installing cost-saving, energy-efficient Biomass boilers

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  1. Removing the Financial Barriersto installing cost-saving, energy-efficient Biomass boilers FORREX Webinar November 23, 2010 Reg Renner – Financing Specialist Atticus Financial Group - Vancouver

  2. Austria: 1,200 Community Heating plants Sweden and Denmark: 50% of thermal heat-biomass BC: 3 CHplants: (Revelstoke, Dockside Green, Baldy Hughes)

  3. The Age of Scepticism • Technology • Sustainability • Environmental • Economics

  4. BC – the right place • Renewable energy • Carbon tax • Carbon neutrality • Dying forests • Dying forest industry • Economic opportunity • Money stays local • Holistic approach • Plant and grow fuel

  5. m3 versus GJ • The answer depends on a variety of factors such as: - moisture content - solid wood versus chips - wood species • 18 - 20 Gigajoules per bone dry tonne (BDT) • 625 kg / BD(bone dry)/m3 of solid wood • 19 GJ / BDT X .625 tonne / BD m3 • Answer: 12 GJ/BD m3 of solid wood

  6. Community Heating Calculatoravailable atwww.greenheatinitative.com

  7. Bioenergy Financing Checklist • Dream - Requires only one courageous person to start with • Team - Bobsleigh analogy; need a driver, pusher and brakeman • Credit Strength - Leverage your cash and share risk • Feedstock - Do you control the feedstock or just pretending? • Market - Do your research and look locally • Equipment - Define feedstock type, volume and market first • Timelines - Need solid benchmarks to stay on track • Coach / Mentor / Advisors - Most important ingredient • Government Support - Need support, but be very careful • Business Plan - Short and concise, gets you in the room

  8. Credit Strength • Skin in the Game (Cash) • Business Experience • Parent Company • Financial Advisor • Financial Plan It can be a scary experience

  9. It’s okay to hire a tutor to help you do the math Courtesy: Andrew Haden a3Energy Partners - Oregon

  10. So, if it’s such a good idea, why don’t we have more biomass boilers? • We are living in the Age of Scepticism • Lack of knowledge about options • Misinformation and past failures • Leadership looking for the home run • Need to learn to do the economics • Towns and cities are short of capital • Thinking outside the box is challenging and risky • We are on the edge of taking the plunge

  11. Summary • Tremendous problem – Pine bark beetle • Tremendous opportunity – Biomass thermal • We need to learn from others - Europe • We need to work together – collaborate • There is a solution in our own communities • We need to be champions for bio-energy, and that means biomass thermal too

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