North American Development Bank Developing and Financing Renewable Energy Projects in the U.S.-Mexico Border Region

Transcription

1 North American Development Bank Developing and Financing Renewable Energy Projects in the U.S.-Mexico Border Region Presentation to 8 th Annual Imperial Valley Renewable Energy Summit March 2015

2 The North American Development Bank (NADB) NADB Established in 1994 under the auspices of the North American Free Trade Agreement (NAFTA) between the United States and Mexico. Structure NADB is capitalized and governed equally by the governments of both the United States and Mexico. Main objective: financing for environmental infrastructure projects along the US-Mexico border region. EE.UU. 50% 50% MÉXICO Works with Border Environmental Cooperation Commission. NADB

3 Jurisdiction

4 Board of Directors NADB and BECC share a ten-member Board of Directors, with an equal number of representatives from the U.S. and Mexico. U.S. Members Secretary of the Treasury Mexico Members Secretary of Finance and Public Credit (SHCP) Secretary of State Secretary of Foreign Affairs (SRE) Administrator of the Environmental Protection Agency Secretary of the Environment and Natural Resources (SEMARNAT) U.S. Border State Representative Mexican Border State Representative U.S. Border Public Representative Mexican Border Public Representative

5 Programs and Eligible Sectors Loan Competitive fixed or floating rates with up to 25 years in tenure. Technical support and project structuring services. NADB PROGRAMS Eligible Sectors Technical Assistance Support project development with regards to the to closing the closing of financing, of financing, project project design, design, related development related development studies, and studies, project and bidding project bidding Water and Sewage Residential, industrial and hazardous waste Air Quality Renewable Energy Energy Efficiency Potable water treatment plants Sewage and wastewater treatment Water conservation Storm drainage Landfills Recycling Equipment Toxic waste disposal Border crossings Street paving Pavement rehabilitation Road bypasses Urban mass transit systems Wind Solar Hydroelectric Geothermal Bio-fuels Biomass Methane capture Public lighting Equipment replacement Water efficiency programs

6 General Loan Closing Timeframe > While timelines for closing vary on a project-by-project basis, in general borrowers should expect that it will take 8-16 weeks to reach financial close and the process more or less resembles the sample timeline laid out in the table at right 6

7 Cumulative Financing US$2.41 billion in financing to support implementation of 206 projects. US$1.70 billion in loans. US$702 million in grants. As of January 31, 2015 Wind Energy 23.3% Solid Waste 0.7% Air Quality 12.8% Basic Urban Infra. 2.3% Public Transportation 0.4% Solar Energy 17.0% Water / Wastewater 36.8% Other Energy 0.3% Storm Water 3.2% Water Conservation 3.3% 7

8 NADB Projects in California 24 projects with approximately US$399.7 million in loans and grants. Project Population to Benefit Total Financing Financing Current Project Status Project Contracted Disbursed Cost Active Complete CALIFORNIA Bard Water District WC Brawley (1) W 26, Brawley (2) W / WW Brawley (3) WW 8, Calexico W 26, Desert Shores WW 1, El Centro Solar SE 24,675 Reserved Heber (1) WW 3, Heber (2) W / WW Holtville WW 6, Holtville (WWTP) WW 6, Imperial ID WC Imperial ID (2) WC IID Community Solar (Brawley) SE 6,463 Reserved Ocotillo Wind WE 330,000 Reserved Ramona Solar 1 SE 7,348 Reserved Ramona Solar 2 SE - Reserved San Diego WW 1,200, SunPeak (Imperial ID) SE 22,700 Reserved SunPeak 2 (Imperial ID) SE 19,738 Reserved Westmorland WW 2, Valley Center Solar 1 SE 7,975 Reserved Valley Center Solar 2 SE - Reserved TOTAL CA 1,679,108 1,

9 NADB Projects in Baja California 27 projects with approximately US$350.1 million in loans and grants. Project Population to Benefit Total Financing Financing Current Project Status Project Contracted Disbursed Cost Active Complete BAJA CALIFORNIA Baja State AQ 2,840, Ensenada W 96, ESJ Wind (Tecate) WE 194,788 Reserved Mexicali WW 658, Mexicali II WW Mexicali IV WW 20, Mexicali AQ 59, Playas de Rosarito W / WW 25, Playas de Rosarito AQ 80, Tecate W / WW 82, Tecate (2) W / WW 8, Tecate (Col. Piedra Angular) WW Tijuana (SAB) WW 1,540, Tijuana (SANA) WW Tijuana SW Tijuana (Coastal) WW 2, Tijuana (River Basin) WW 33, Tijuana / Rosarito W/WW 1,636, Rosarito I WWTP WW 21, La Morita WWTP WW 124, Tec.-La Gloria WWTP WW 187, Ejido Plan Libertador WW 14, Col. Alcatraces WW 3, Lucio Blanco WW 3, La Cuesta/SEDUE-SAAS WW 116, Tijuana WW 2014 WW 524, Tijuana (Cemex) AQ TOTAL B.C. 2,840,000 1,

10 NADB Track Record in CA Renewable Energy Projects More than 482 MW of Renewable Energy in 7 projects in California, NADB s most active State in terms of RE projects. Ocotillo (Deal of the year) 2012 Wind Project Imperial Valley Co, CA Energía Sierra Juarez 2014 Wind Project Tecate, BC and San Diego, CA Sunpeak Solar Park 2011 Solar Project Niland, CA 265 MW, 629 GWh/year NADB as Mandated Lead Arranger and Lender NADB Loan: $110 M Emission displacement: 175,000 MT/yr CO MT/yr NOx MW, GWh/year NADB as Technical and Modeling Bank and Lender NADB Loan: $50 M Emission displacement: 125,809 MT/yr CO MT/yr NOx 23 MW, 44.2 GWh/year NADB as Collateral Agent and Lender NADB Loan: $77.4 M Ramona 1 & Valley Center 1 & IID Community Solar 2013 El Centro Solar 2013 Solar Project Ramona, CA Solar Project Valley Center, CA Solar Project Brawley, CA Solar Project El Centro, CA 7 MW, 17.4 GWh/year 7.5 MW, 19 GWh/year 5 MW, 15 GWh/year 20 MW, 50 GWh/year NADB as Collateral Agent and Lender NADB Loan: $16 M Emission displacement: 4,746 MT/yr CO 2 7 MT/yr NOx NADB as Collateral Agent and Lender NADB Loan: $17 M Emission displacement: 5,203 MT/yr CO 2 8 MT/yr NOx NADB as Collateral Agent and Lender NADB Loan: $19.2 M Emission displacement: 4,174 MT/yr CO 2 6 MT/yr NOx NADB as Collateral Agent and Lender NADB Loan: $65 M Emission displacement: 13,678 MT/yr CO 2 21 MT/yr NOx

11 Energia Sierra Juarez 1 Location Sponsor Installed Capacity Off taker Tecate, Baja California and San Diego County, California 13,100 Acres IENova MW SDG & E PPA Tenor 20 Commercial Operation Date March, 2015 Estimated production (GWh) 426 Total NADB Loan $39M Loan term 20 years

12 Ocotillo Wind Project Location Sponsor Installed Capacity Off taker PPA Tenor Imperial County, CA 12,500 Acres of lands administered by the Bureau of Land Management Pattern Energy MW SDG & E 20 years Commercial Operation Date 12/31/12 & 04/30/13 Estimated production (GWh) 629 Total NADB Loan Loan Term US$110 million 20 years

13 SunPeak Solar Location Sponsor Niland, CA SunPeak Solar, LLC Installed Capacity (MW AC) Off taker Imperial Irrigation District (IID) PPA Tenor 30 Commercial Operation Date August 1, 2012 Total NADB Loan Loan Term $54.60 million 25 years

14 El Centro Solar Location Sponsor El Centro, CA T-Solar Group Installed Capacity (MW AC) Off taker IID PPA Tenor 25 Commercial Operation Date October 31, 2013 Total NADB Loan Loan Term $36.00 million 23 years

15 Community Solar Location Sponsor Brawley, CA NRG Energy Installed Capacity (MW AC) 5.00 Off taker IID PPA Tenor 25 Commercial Operation Date April 1, 2014 Total NADB Loan Loan Term $12.40 million 25 years

16 Ramona 1 & 2 Solar Location Sponsor Ramona, CA Macquarie Installed Capacity (MW AC) 7.00 Off taker SDG&E PPA Tenor 25 Commercial Operation Date December 31, 2013 Total NADB Loan Loan Term $16.00 million 23 years

17 Valley Center 1 & 2 Solar Location Sponsor Valley Center, CA Macquarie Installed Capacity (MW AC) 7.50 Off taker SDG&E PPA Tenor 25 Commercial Operation Date December 31, 2013 Total NADB Loan Loan Term $17.00 million 23 years

18 SunPeak Solar II Location Sponsor Niland, CA SunPeak Solar, LLC Installed Capacity (MW AC) Off taker Imperial Irrigation District (IID) PPA Tenor 30 Commercial Operation Date June 2015 Total NADB Loan Loan Term $41.08 million 25 years

19 Projects in the Pipeline 72 additional MW of wind energy near Tecate, BC. Basic Urban Infrastructure project in Playas de Rosarito, BC. International Points of Entry Study and potential participation in OTAY II Crossing. NADB-BECC Board of Directors will meeting in Tijuana on May 14. Related events will include meetings with San Diego/Tijuana regional leaders to discuss infrastructure priorities and identify opportunities for future collaboration.