Sample of Executive Summary
Pristine Sun LLC a clean energy company
$1 Billion in energy assets by 2015
Project Finance
Executive Summary
Pristine Sun’s core management team have an average of 10 years’ experience each in the development and finance of solar & wind projects, with a combined total of $1 Billion+. One example: in 2001-2004 our core team developed the project site that is the largest wind farm in Kansas: the ~$450 Million (250 MW) Smoky Hills Wind Farm. Our business model is simple: rapidly acquire 20-year Power Purchase Agreements (or PPAs) to sell clean electricity to the host property owners, then underwrite and finance these low-risk projects that offer leveraged IRRs of at least 25% after tax and pre-tax unleveraged IRRs of 11-15%.
Pristine Sun has signed PPAs in hand totaling $100 Million + $150 Million of Feed-In-Tariff
(FIT) projects that can be “shovel ready” within ~90 days from a funding commitment
(totaling $250 Million of projects need financing commitments now), plus $600 Million+ of
LOIs for additional 150 MW of PPAs in our development pipeline. These projects are primarily rooftop & carport solar PV with private companies, churches and private schools, with some
Feed In Tariff projects where the utility is the power buyer. Some projects include small wind turbines and/or solar hot water.
In 2010 we funded the first $250,000 of small commercial & residential PPA projects with our own capital and are currently funding several more internally. In March 2011 we closed on funding for three projects in Hawaii (Maui Brewing Company, Maui Chemical Corp and
Maui Brewpub) totaling $3 Million (~600 kW) and each of these projects should be under construction by Earth Day 2011 (April 26th). We expect to close financing in April on $4 Million of additional projects in Maryland and California.
Pristine Sun LLC www.PristineSun.com Western Regional Office:
4695 MacArthur Court, 11th Floor
Newport Beach, CA 92660
P: 307.200.7075
F: 866.593.9753
$1 Billion in energy assets by 2015
Project Finance
Executive Summary
Pristine Sun’s core management team have an average of 10 years’ experience each in the development and finance of solar & wind projects, with a combined total of $1 Billion+. One example: in 2001-2004 our core team developed the project site that is the largest wind farm in Kansas: the ~$450 Million (250 MW) Smoky Hills Wind Farm. Our business model is simple: rapidly acquire 20-year Power Purchase Agreements (or PPAs) to sell clean electricity to the host property owners, then underwrite and finance these low-risk projects that offer leveraged IRRs of at least 25% after tax and pre-tax unleveraged IRRs of 11-15%.
Pristine Sun has signed PPAs in hand totaling $100 Million + $150 Million of Feed-In-Tariff
(FIT) projects that can be “shovel ready” within ~90 days from a funding commitment
(totaling $250 Million of projects need financing commitments now), plus $600 Million+ of
LOIs for additional 150 MW of PPAs in our development pipeline. These projects are primarily rooftop & carport solar PV with private companies, churches and private schools, with some
Feed In Tariff projects where the utility is the power buyer. Some projects include small wind turbines and/or solar hot water.
In 2010 we funded the first $250,000 of small commercial & residential PPA projects with our own capital and are currently funding several more internally. In March 2011 we closed on funding for three projects in Hawaii (Maui Brewing Company, Maui Chemical Corp and
Maui Brewpub) totaling $3 Million (~600 kW) and each of these projects should be under construction by Earth Day 2011 (April 26th). We expect to close financing in April on $4 Million of additional projects in Maryland and California.
Pristine Sun LLC www.PristineSun.com Western Regional Office:
4695 MacArthur Court, 11th Floor
Newport Beach, CA 92660
P: 307.200.7075
F: 866.593.9753