SOLAR RENEWABLE ENERGY, LLC
Overview
Solar Renewable Energy, LLC
Qualifications & Experience
3
Our Business At-A-Glance
4
Representative Projects
5
Operations & Management
15
Solar Renewable Energy, LLC
Qualifications & Experience
Solar Renewable Energy LLC’s customer base includes:
Tax Credit and Private Equity Investors
Creditworthy Corporations and Commercial Entities
Municipalities, Townships and other Governmental Authorities (including Public Utilities)
For-profit and Non-profit Retirement Communities, Health Providers and Systems and Educational Institutions
SRE has designed, developed, financed and operates 50+ solar energy systems in the Mid-Atlantic and
Northeast regions of the US:
Asset value:
> $80.0 Million
Annual
electricity production: > 20.0 Megawatts
SRE has partnered with lenders and others to provide project financing to credit qualified customers under
various structures including:
Power Service Agreement (PSA)
Power Purchase Agreement (PSA)
Private and Tax Equity Financing (various structures)
Third Party Development
SRE is highly active in the Solar Renewable Energy Credit (SREC) futures exchange markets:
SRE is a registered PJM Aggregator / Broker that sells SRECs for over 20.0 Megawatts of solar output to public
utilities in PA, NJ, DE, MD, OH, and the District of Columbia through registered projects and publically bid /
awarded supply contracts
SRE recently won several 8 and 10-year contracts with Public Utility Companies to supply SRECs
annually
SRE is an investor in many solar projects that it has developed
Solar Renewable Energy, LLC
Our Business At-A-Glance
•
50+ projects
•
20.0 megawatts total output annually
•
Projects located in PA, NJ, CT and VT
Utility /
Distributed
Generation
36%
Health Care /
Retirement
20%
Government
10%
Commercial
(Other)
5%
Commercial
(Storage)
8%
Commercial
(Prop. Mgmt.)
4%
Commercial
(Mfg)
7%
Agricultural
7%
Education
3%
SRE Solar Systems: Project
Type
Ground
Mount
70%
Ballasted
Roof
17%
Attached
Roof
13%
SRE Solar Systems: Array Type
Power
Purchase
Agreement
Direct
Ownership
25%
Power Service
Agreement
10%
SRE Solar Systems - Ownership
Structure
Representative Projects:
Retirement Community Ground Arrays
Masonic Village
•
1,001.7 kW solar energy system located in Elizabethtown, PA
•
Top 5 largest solar energy system in the Commonwealth of
Pennsylvania
•
Largest solar energy system built on a non-profit, retirement
community campus in the world
Representative Projects:
Retirement Community Ground Arrays
Quarryville Presbyterian
Retirement Community:
•
450kW solar energy system
located in Quarryville, PA
•
Qualified for “virtual net
metering” under PPL
•
Project owned by Quarryville
Power Partners, LLC
•
$575,000 grant recipient
under Pennsylvania CFA
program
•
20-year Power Purchase
Representative Projects:
Healthcare Attached Roof Array
The Gardens at Cross Keys:
•
187kW net metered system
located in Glassboro, NJ
•
Solar Renewable Energy
procured a 15-year SREC
under the NJ SREC based
financing program
•
Project is owned by VIBRA
Health System
•
Solar Renewable Energy
provides ongoing monitoring
and operations management
services to project under
long-term monitoring
agreement
Representative Projects:
Municipal Ground Arrays
Penn Township
•
200kW Solar Energy System located in Penn
Township
•
Offsets power use for wastewater treatment
plant
•
Part of larger Doe Run Sustainability project
•
Provided assistance to Penn Township to become
qualified bidder under PPL SREC futures
contract
Representative Projects:
Municipal Ground Arrays
Mount Joy Borough Authority:
•
385kW Solar Energy System
located in Mount Joy, PA
•
Offsets power use for sewer
and wastewater treatment plant
•
Project owned by Mount Joy
Solar Power, LLC
•
$485,000 grant recipient from
the Pennsylvania CFA Program
•
Mount Joy Borough Authority
carries an S&P “A” issuer rating
•
25 year Power Service
Representative Projects:
Distributed Generation Ground Arrays
Chester Solar Farm:
•
2.4MW solar energy system
located in Chester, VT
•
Generation contracted to
Green Mountain Power
Corporation, a Baa2 rated, VT
pubic utility under 25-year FIT
(Feed In Tariff) program
•
Solar Renewable Energy, LLC
completed a complicated and
lengthy VT Public Service Board
Section 248 Application
process
•
Financed utilizing investment
tax credits, debt and private
equity
Representative Projects:
Commercial Mounted and Ballasted Arrays
Representative Projects:
Commercial Mounted and Ballasted Arrays
Representative Projects:
Commercial Mounted and Ballasted Arrays
Representative Projects:
Commercial Mounted and Ballasted Arrays
Operations & Management
Solar Renewable Energy, LLC:
Operations & Management
•
19 solar energy systems
monitored every 15 minutes
for solar electricity output
Key “Dashboard” Indicators:
•
Electricity generated
•
CO2 offset / saved
Resumes & Contact Information
Richard M. Mazza
Managing Director Solar Renewable Energy, LLC 717.425.1544
Rick brings over 20 years of project development, financing and consulting experience to SRE. As Managing Director, Rick is responsible for: i) preparation and presentation of all marketing and project specific materials to potential clients and investors of SRE; ii) management of equity and debt provider relations; iii) preparation of financial investment and return analysis for all solar energy projects; and iv) day-to-day project management and oversight.
Mr. Mazza’s experience includes:
o Successful development, financing and project management oversight of solar photovoltaic projects generating more than 5MW of electricity annually.
o Principal responsibility for development and use of inverted lease and partnership flip financial models utilizing Section 1603 Safe Harbor Equity and Section 48 Investment Tax Credits
o Directed successful due diligence and acquisition of solar energy system located in Linden, CT.
o Primary responsibility for long-term SREC supply contract bids and procurement for customer providers and SRE. SRE was recently awarded several 10-year contracts by First Energy in Pennsylvania and Ohio to supply SRECs annually.
o Active member of national and state chapters of SEIA (Solar Energy Industries Association).
o Provides financial planning analysis for numerous commercial and multi-family housing, real estate development, acquisition and repositioning opportunities under various conventional loan, SBA and FHA lending structures.
o Former Chief Accounting Officer and Senior Vice President of Development for Pacific Retirement Services, Inc. located in Medford, OR:
Responsible for all accounting and financial reporting activities for 58 corporations and LLCs totaling more than $1.1 billion in assets and $134.0 million of annual revenues including senior housing, low-income elderly, hotel and golf course operations.
Oversight responsibility for all project development, financing, start-up operations, budgeting, bank and regulatory communications.
Day-to-day project management of Mirabella brand continuing care retirement communities in Seattle, WA and Portland, OR.
Responsible for first ever, LEED Platinum certification of a continuing care retirement community in the United States (Mirabella at South Waterfront in Portland, OR).
o Former Director of KPMG LLP’s West Coast Long-term Care and Retirement Housing Practice located in Sacramento, CA and Harrisburg, PA
Douglas R. Berry, CPA
CEO & President
Solar Renewable Energy, LLC 717.571.1151
Mr. Berry is the CEO and President of Solar Renewable Energy, LLC (SRE). Mr. Berry has over 25 years experience in providing a wider variety of solar system, healthcare, and real estate consulting and development services. His experience includes the areas of capital financing, development services, and mergers and acquisitions.
Mr. Berry’s experience includes:
o Developing, managing, and monitoring over 45 commercial solar energy systems up to 2.4MW in size and generating over 18MW of output annually over the last 4 years in the Mid-Atlantic and Northeast regions of the United States. SRE maintains a majority equity ownership position in a large number of these solar energy systems.
o Partnering with lenders and other capital sources to provide project financing to credit qualified customers through Power Purchase Agreements, Power Service Agreements, and Tax Credit Equity Financing.
o Managing trade activity in the Solar Renewable Energy Credit (SREC) futures exchange markets. SRE is a PJM GATs Aggregator and Broker that sells SRECSs for 18.0MW of solar output to public utilities in PA, CT, NJ, MD, OH, District of Columbia and DE.
o Partner at KPMG, LLC for over 20 years. Partner-in-charge of the Senior Living Consulting Practice nationally.
o Partner at ParenteBeard, LLC for 7 years. Partner-in-charge of the Healthcare and Senior Living Consulting Practice.
Mr. Berry received a Bachelor of Science degree in Business Administration and Accounting from Bloomsburg University and graduated magna cum laude.
