PROJECT DEVELOPMENT

In addition to BowMont’s power sector financial advisory practice, BowMont has also been actively involved in its own proprietary power infrastructure developments.

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BowMont’s typical approach when an attractive greenfield development opportunity has been identified has been to bring in partners/investors including strategic or private equity players. BowMont would typically lead the development and take responsibility for all project debt and equity financings.

Development projects which BowMont has led to date:


C&B ALBERTA SOLAR DEVELOPMENT

(120 MW – 6 Projects in Southern Alberta)


In 2014, BowMont conceived of the idea for a portfolio of utility scale, ground mount solar projects in southern Alberta. BowMont brought Canadian Solar Solutions Inc (Canadian Solar) into the project as a partner in 2015. A special purpose entity named C&B Alberta Solar Development ULC (CBA Solar) was established to develop the projects and is a wholly owned subsidiary of Canadian Solar Solutions Inc. BowMont and Canadian Solar are jointly developing the portfolio of 6 projects. The status of each of the projects is as follows:



Suffield Solar – 23MWAC


The Suffield Solar Project was awarded a $15.3 million grant from Natural Resources Canada (NRCan) under their Emerging Renewables Power Program (ERPP). The Suffield Solar Project will be the first project in Canada to utilize Bi-facial solar module technology on single axis trackers. The project commenced construction in March 2019 and will be in-service by January 2020.

Link to Project Website: www.suffieldsolar.com



Jenner Solar – 23MWAC/Hays Solar – 23MWAC/Tilley Solar – 21MWAC


The Jenner, Hays and Tilley Solar Projects (Projects) were awarded 20 year power purchase agreements by the Government of Alberta as part of their RFP for solar supply in February 2019. CBA Solar partnered with the Conklin Metis Local 193 on these projects which will supply electricity at a record low price of $48.05/MWh. The projects will commence construction in the spring of 2020 and will be in-service by January 2021.

Link to Alberta Infrastructure announcement: https://www.alberta.ca/release.cfm?xID=625497BB07A33-C042-927C-E60C5A0CF7F5D8D0

Link to Project Websites
www.jennersolar.com
www.hayssolar.com
www.tilleyssolar.com



Newell Solar – 13MWAC/Vauxhall Solar – 17MWAC


The Newell and Vauxhall solar projects are currently in advanced development.

Link to Project Websites
www.newellsolarproject.com
www.vauxhallsolar.com




WHITETAIL GAS-FIRED PEAKING STATION

(186 MW - Peace River, Alberta)


BowMont conceived of the idea for the Whitetail Peaking Station, a 186 MW natural gas fired peaking plant. Following initial development activities, BowMont brought Enbridge Inc. in as a partner in the project. BowMont led the development activities for the project through to the point of receipt of all regulatory approvals and project FNTP. Enbridge is now the sole owner of the Whitetail Peaking Station Project.

http://www.enbridge.com/Projects-and-Infrastructure/Projects/Whitetail-Peaking-Station.aspx




AMISK HYDROELECTRIC PROJECT

(360 MW – Fairview, Alberta)


BowMont conceived of the idea for the Amisk Hydroelectric Project (AHP), a 360MW run-of-river hydroelectric project located on the Peace River near the town of Fairview, Alberta in 2012. BowMont raised an initial round of private equity investment to perform geotechnical drilling in the river and complete a detailed pre-feasibility report confirming the viability of the project. The project has raised additional private equity investment in subsequent rounds and the project remains in active development. Please follow the below link to the Amisk Hydroelectric Project website for more details about the project.

www.amiskhydro.com