2. Financing Renewable Energy Projects OVERVIEW OF PROJECT DEVELOPMENT ISSUES Tony Colonnese Director of Engineering Services 5 June 2014

3. Ameresco Renewable Energy Experience • DOE Savannah River Site – Biomass • Arizona State University – PV • Landfill Gas to Energy • Fort Detrick – PV

4. Homework Prior toIssuing an RFP • Economic Viability of a Project • Current Utility Rates • State Incentives – Renewable Portfolio Standard (RPS) • Condition of Existing Infrastructure • Internal Support for a Project • Surplus Land Suitable for Development • NEPA Environmental Assessment

5. Sample of Major Development Steps • Utility Interconnection Study and Agreement • Load Integration Study (Behind the Meter) • State Environmental Permitting • Storm Water Management & Erosion Control • Emissions Controls • Wetlands, Floodplain • Endangered Species • Cultural Resources, Historic Preservation • Other Unique to State – e.g. Afforestation • NEPA Environmental Assessment • Site-Specific Conditions

6. Other ImportantDevelopment Steps • Local Planning • Cyber Security • Site Lease Issues • Title • Encumbrances • Access

7. Development Timeline Utility Interconnect Study – 3 to 6 months Environmental Permitting – 4 to 12 months NEPA Environmental Assessment – 6 to 12 months Title Search / Land Survey – 2 to 4 months Final Contract Negotiations – Ongoing Other DoD Approvals – 2 to 6 months. After All Else Done but Preparatory Work Important