D. Latimer_Bell Pirie OTEC developer - Hawaii National Marine ...
D. Latimer_Bell Pirie OTEC developer - Hawaii National Marine ... D. Latimer_Bell Pirie OTEC developer - Hawaii National Marine ...
Technology-neutral>>>Secure government service contract• Resource assessment• Feasibility studyMust register withSecurities & Exchange Commission• Max 40% foreignSecure permits and licenses• Grid impact study• Local government unit endorsement• Environmental Compliance CertificateSecure Power Purchase Agreement• Feed-in-tariff rate eligibilitycertificateSecure financial closing• Set up SPV (max 40% foreign)• EPC Contract• Loan agreement• Shareholders’ agreement• O&M Contract
Large market opportunity – > GWs OTEC potentialHighly dependent on imported fossil fuels – oil and coal10 MW competitive with dieselGovernment incentives and support for OTECBuoyant debt and equity marketFirst mover experience – geothermal and onshore wind in AsiaAbundant practical resource
- Page 1: Photo: Cabangan, Zambales coast lin
- Page 6 and 7: Renewable Energy Act No. 9513FISCAL
- Page 8 and 9: Sell powerEPCContractSpecial Purpos
Technology-neutral>>>Secure government service contract• Resource assessment• Feasibility studyMust register withSecurities & Exchange Commission• Max 40% foreignSecure permits and licenses• Grid impact study• Local government unit endorsement• Environmental Compliance CertificateSecure Power Purchase Agreement• Feed-in-tariff rate eligibilitycertificateSecure financial closing• Set up SPV (max 40% foreign)• EPC Contract• Loan agreement• Shareholders’ agreement• O&M Contract
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