5MW Wind Farm permit has been issued in 2010. Work on site must be launched for keeping permit status. Great opportunity for exit strategy selling price of $1.2M.
This investment will extend a permit for a 5.1 MW windfarm located in Desbonnes, Guadeloupe. Guadeloupe is a territory of France.
This project has been in development since 2000. Desbonnes’ permitting has been issued in 2010 and is now ready to be implemented.
The energy output will be 11GWh per year with 6 X 850kW Gamesa turbines. Wind represents about 3% of the current energy generated in Guadeloupe. With the addition of the Desbonnes windfarm in Guadeloupe, it will increase renewable energy production on the island from 3.1% to 3.7%.
The Desbonnes windfarm has a 25-year lease with 2 landowners in Guadeloupe for siting 6 X 850 kW Gamesa G52 at 55 meters above ground level. This windfarm is looking for a total investment of 13M€.
The startup is planned for 2015. This project has access to a minimum 20% grant from “defiscalization French tax” and a 25% European grant program.
The windfarm project can be sold for $1.2M once the permit has been extended.
Fast exit strategy. Once the grants from the government has been defined. Possibility of 25% - 50% grants.
The 15-year PPA is with "EDF", the French utility. EDF has a very good financial rating.
Hire an attorney to identify potential grants. Works on site must be launched this summer for keeping permit status.
With the grants defined, selling this project will be easier. Possibility of increasing selling price in starting negotiations with EDF for 25Km transmission line.