Simcoe website presentation version 2 dec 16
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Simcoe Renewable Energy is a Canadian company that secures investment for solar energy projects including microgrids and utility-scale solar plants. The document outlines Simcoe's microgrid project for the Simcoe area, which would provide reliable solar-generated electricity. Key benefits of the microgrid include no upfront capital costs, an established price per kWh, reliability independent of the wider electricity grid, and energy cost savings of 20% compared to current costs. Simcoe handles project development, financing, construction, and long-term operation and maintenance through a power purchase agreement with the client.
Simcoe website presentation version 2 dec 16
- 2. 2 Based in Toronto, Canada We have secured investment commitments for construction finance and investment funds for solar based energy projects such as microgrids and utility scale solar plants. CORPORATE PROFILE
- 3. 3 Case Study MICROGRID Reliable Energy at a predetermined price
- 4. 4 The Simcoe Microgrid Reliable energy from an onsite generating plant The Simcoe Microgrid can be connected to an existing electricity grid, diesel generator or operate as a standalone system, depending on preference and design.
- 5. SIMCOE MICROGRID KEY CHARACTERISTICS QUALITY DESCRIBED No Capital Cost We design, build, own and operate the microgrid. Sign power purchase agreement (PPA) Electricity is an operating cost Investment return over 10 - 25 years Anticipate 20% discount on current electricity costs Reliability Reliable power source independent of time of day and season Intelligent Capable of reconfiguring device operation to meet pre- set goals Efficient Based on clean renewable generation sources Resilient Designed to maintain quality power supply independent of the wider electricity grid Load Integrated Provides intelligent integration of local loads and solar power generation Flexible Facilitates the adoption of new power source technologies, without significant infrastructure change O&M System owned and operated by Independent Power Producer (IPP). No obligation for client beyond purchase of electricity TIMELINE TO OPERATION MONTHS…… NOT YEARS 5
- 6. 6 Outlines planning effort required. Understand customer’s energy requirement Identity customer’s current energy costs Recognize customer’s reliability issues Propose size and configuration for microgrid Power Purchase Agreement: Establish dollar value of kWhr Confirm system configuration Provide a detailed financial model Establish a project management plan Confirm PPA details Memorandum of Understanding Pre – Feasibility Study Negotiate PPA Feasibility Study Project Initiation
- 7. Pre - Feasibility Study Signed upon engagement to determine: • Energy Requirements • Ground suitability • Technology options • Meteorological data • Financial expectations Google Earth investigation 7
- 8. Feasibility Study Site Survey Preliminary design considerations Structural design considerations Preliminary cost estimates Energy cost factors Solar power system size estimate 8
- 9. Employment of Professional EPC Engineering – by experienced professionals Procurement Construction Project Management – site preparation, component delivery, labour availability, installation, testing and commissioning Members of our consortium have designed and installed solar plants for companies and utilities throughout Africa, Asia, Europe and the United States. 9
- 10. Design Proposal Land use Type and placement of modules Type and placement of inverter(s) Balance of system Installation timeframe Connection point Grid assessment 10
- 11. Power Purchase Agreement Signed Cost of electricity (per kWhr) established Uses of electricity (i.e. operate smelter) Term of Agreement Other terms, to be agreed 11
- 12. Procure and Construct We provide Engineering, Procurement & Construction (EPC) Ground preparation System mounting System balancing Placement of modules and inverter 12
- 13. Operating and Maintenance Plan We provide on-site training We source local employees required We provide ongoing system monitoring We arrange pre-emptive servicing to optimize energy production 13
- 14. Key Client Benefits Reliable energy supply Established price for energy Significantly reduced operational uncertainty Local training provided by our consortium Increased engagement with local authorities Enhanced sustainable development reputation 14
- 15. Miles brings extensive experience in finance, marketing, operations and general management gained in the energy, commercial real estate and consulting industries as well as the military. Before joining Simcoe RE, Miles served as President, Voltaire Power. Prior to that he was VP Consulting at Colliers International (Commercial Real Estate). In addition, as an independent consultant, he assisted client firms in commercial real estate and trades who were undergoing dramatic change. He has taught solar photovoltaic systems at Sheridan College (Canada) for over four years. Miles gained significant experience in leadership and made valuable contributions as an Officer in the Canadian Army and later the British Royal Marines where he saw active service. Besides his Officer training, Miles holds an MBA from the Richard Ivey School of Business at the University of Western Ontario, Canada. Miles McDonald - CEO CORPORATE PROFILE Mohamed’s academic background is very broad (Remote Sensing, Exploration Geology, Environmental Sciences and Information Systems) and encompasses business and managerial experience gained in Canada, the Netherlands, Belgium, Zimbabwe, Botswana, Mozambique, South Africa and Nigeria. Mohamed has been intimately involved in the public sector in South Africa at National, Provincial and Local levels since his return to the country in 1995. His work has involved both operational as well as strategy development. Mohamed served as Chief Director for Development Planning Information Systems in the Department of Development Planning and Local Government in Gauteng as well as Chief Director Corporate Informatics (CIO) in the Department of the Premier in Gauteng. Mohamed has a B.A. (Hons.) in Geology and Geomorphology and and an M.Sc. in Remote Sensing from University of Guelph, and a Post- Graduate Diploma in Exploration Geology from Institute for Aerial Surveys and Earth Sciences, Delft, the Netherlands. Mohamed F Bhyat - Senior VP – Business Development 15
- 16. Kaiser Akbar - Senior VP & General Counsel – Director Kaiser is a corporate finance lawyer with extensive experience in the Canadian and European corporate finance market. He has worked as an in-house counsel for investment companies in Canada, and has also worked as a lawyer for law firms in Canada and overseas. Between 2003 and 2007, Kaiser was a partner at Boyle & Co LLP, a boutique corporate-securities transactional law firm in Toronto. Between 2007 and 2009, Kaiser worked as a senior corporate finance lawyer for Freshfields Bruckhaus Deringer LLP in their Moscow office. Kaiser has listed companies on the Toronto Stock Exchange, TSX Venture Exchange and the London Stock Exchange. Kaiser has also worked on multi-jurisdictional mergers & acquisitions transactions, and purchase and sale of businesses. Kaiser has a Bachelor degree in Economics. He received his MA in Economics from Univ. of Manitoba and Juris Doctor (JD) from Osgoode Hall Law School at York University in Toronto. CORPORATE PROFILE Michael Gallimore – Senior VP - Finance Michael is an investment professional and is also a Managing Director of Lexstone Capital from 2012 to present. Michael is also the co-founder and director of Henton Education Group since 2009, Henton develops e-learing programs for commercial and not for profit entities. Between 2004 and 2008, Michael was the Principal of Northwoods Fund Management. Michael ran the day-to- day operations of the fund, which was focused on mid-market investments in private & public infrastructure. The company was sold in 2008; between 1995 and 2002, Michael was the CEO of Northern Trust Global Advisors, a division of the Northern Trust Company of Chicago. The company had $15 billion in assets, 5 offices in US, Canada and UK and over 100 staffs; Prior to that, Michael has worked in various capacities at RCB Canada, Towers Perrin, IBM Canada and Sun Life. Michael is a director advisor to Salvation Army Canadian Investment Committee. Michael has a Bachelor of Commerce and an MBA from Concordia University, and he is a Chartered Member of the CFA Institute since 1983. 16
- 17. Contact: Miles McDonald, CEO 2069 Hunters Wood Drive Burlington, Ontario L7M 2T1 Tel: (416)-407-0989 Fax: (416)-946-1007 E: [email protected] 17