Promoting Sustainability in East Jefferson County, WA
Understanding Local Energy Project Development & Financing
Speaker: Kevin Maas, Owner, Glacier Energy, Inc.
To watch a video recording of this Energy Lunch presentation, please click on the link below:
The Key Speaker for September is Kevin Maas, owner of Glacier Energy, Inc., an energy development company in Mount Vernon, WA. Mr. Maas has worked with farmers, bankers, regulators, environmentalists and utilities, implementing energy projects in Skagit, King, Whatcom and Tillamook (OR) Counties. As a principal of Farm Power Northwest, he linked ten farms milking nearly 10,000 cows to five new Farm Power Northwest biodigesters with a total combined capacity of 4.25 MW. In Skagit County, he completed five medium-size community solar projects ranging from 16 kW to 18.7 kW of generating capacity. In each project, the solar array is mounted on a public facility and the solar generating equipment is owned by members of the local community. He has arranged over $10 million in bank financing for his biodigester projects, secured another $10 million in grants and incentives for projects, and completed a number of private equity offerings including a small business “SCOR” round similar to that used in financing the Quimper Mercantile in Port Townsend.
Mr. Maas will provide an overview of his experience with biodigester and community solar projects, covering the following topics:
• Determining the economic viabililty of a project
• Identifying the various financial components of a project
• Preparing multi-year project performance projections
• Use and content of the limited liability company (LLC) organizing structure, including the involvement of key parties
• Arranging project funding
• Planning checklist
Mr. Maas’s Key Speaker presentation is intended for individuals and organizations that are interested in acquiring or advancing farm-based or public/private energy system development initiatives in Jefferson County.
As always, attendees are welcome to arrive early to network with other local alternative energy advocates and professionals. Feel free to bring a brown bag lunch. Doors open at noon. The presentation will begin at 12:30P.
Local Sponsors of the Jefferson County Energy Lunch Program are Power Trip Energy, Sunshine Propane, Huber’s INN, Alaska Power & Telephone Company, Port of Port Townsend, Frederickson Electric, the Port Townsend Paper Company, Port Townsend Friends of Energy Lunch, the Washington State Department of Commerce, and Ravenna Capital Management.
PLEASE NOTE THAT THE OPINIONS EXPRESSED BY SPEAKERS AND OTHERS AT ENERGY LUNCH EVENTS REPRESENT ONLY THEIR OWN PERSONAL VIEWS AND DO NOT REFLECT THE OPINIONS OF THE ENERGY LUNCH ORGANIZERS OR ANY OF THE LOCAL SPONSORS.