Greta’s Grand ValleyWind FarmContributing to Ontario’s Energy Future
March, 2012
Greta Energy Inc
Ontario’s Electricity Market at a Glance
• Green Energy and Green Economy Act (GEA) includes • streamlined approval
process for wind projects • Guaranteed Feed-in
Tarrif (FIT) of $135/MWh
• Clear legislation and responsive government eliminate bureaucratic roadblocks vis-à-vis other markets
SOURCE: IESO
World-class legislative environment for wind
power
Anticipated growth in wind energy supply
Large & integrated electric system
• While wind accounted for only 1.9% of total electric output in 2010, the Independent Electricity System Operator anticipates the GEA will accelerate the expansion of wind energy by thousands of megawatts
• Over 500 MW of additional installed capacity under development
• Ontario is Canada’s largest producer and consumer of electricity with over 38 GW of installed capacity
• Large peak consumer demand and integration with hydro supply favor additional wind production
1 2 3
Proposed Wind Farm• 19.8 MW Installed capacity in Phase I and
II (Up to 40 MW in Phase III)
• 10 km north of the town of Grand Valley and 21 km northwest of the town of Orangeville
• Relatively simple terrain with gentle slopes and elevation ranging between 470-490m
Grand Valley Project Overview
Phase 1 Phase 3
Capacity
Turbine Selection
19.8 MW Up to 40 MW
Siemens SWT-2.3-101 2.3 MW
Next stepsNew land acquisition (signing option to
lease agreements)
Anticipated Commercial Operation Date: April 5, 2012
Project Status Overview
Project Requirement Status
Wind assessment ✓ Completed by Garrad Hassan
Noise assessment ✓ Complete and approved by government
Turbine layout ✓ Complete and approved by government
Turbine selection ✓ Siemens SWT-2.3-101
Private Land Leases ✓ Acquired
Environmental Impact Assessment ✓ Completed by Environment Business Consultants Inc.
Architectural and engineering drawings ✓ Complete
Building permit ✓ Acquired
Insurance ✓ Acquired
50 MW Grid Connection ✓ Complete
Financing procured ✓ Acquired and guaranteed
Engineering and construction Expected 2012 completion
Asse
ssm
ent
Plan
ning
and
App
rova
lsPr
ojec
t com
pleti
on
Project Status Details
• Option to Lease agreements are fully executed with nine landowners for Phase 1&2• Phase 3 is in the land acquisition stage.
• Phases 1&2 of the project have obtained Connection Impact Assessment (CIA) approvals for Vestas V90 turbines
• CIA revisions currently being obtained for Siemens SWT-2.3-101 turbines• Phase 1 has entered into a Connection Cost Agreement with Hydro One Networks Inc,
the Local Distribution Company; Phase 2 will also shortly
• Two met towers in close proximity to proposed turbine locations collected wind data from 2005-2008.
• All significant environmental approvals and milestones completed for Phase I and II• It is anticipated that a significant amount of the environmental studies completed for
Phase 1&2 can be applied towards obtaining a Renewable Energy Approval (REA) for Phase 3
• Garrad Hassan was contracted to create the optimal turbine layout, taking into account noise setbacks and other constraints
Land Control
Wind Measurement
Grid Connection
Environmental Approvals
Turbine Layout