Wind Power Facts
Complete Wind Project Details at the PEDC Wind Web Site
See the audited revenue figures below
November 2009
- Production - 365,600 kWh
- 100% availability
- Longest Continuous Production - 102+ hrs
- (6 PM Nov 26 to midnight Nov 30)
- Total Production as of Nov 30 - 1,909,950 kWh
December 2009 - A Month of Records
- Production 572,250 kWh
- Availability - 100%
- Dec 11- New 24 hr production record - 34,619 kWh
- Dec 20 - New 24 hr production record - 35,546, kWh
- Dec 21 - 4th highest 24 hr production - 33,489 kWh
- Dec 29 - 5th Highest 24 hr production - 32,623 kWh
- Dec - Four of the Five of the top production days since startup
- Longest continuous production operation - 222+ hrs (from 4 PM on Dec 15 to 10 PM on Dec 24.
January 2010 - A Month of More Records
- Production 428,050 kWh
- Jan 29 - New 24 hr production record - 36,460 kWh
- Jan 29 - Highest Wind Gust - 57.3 mph at 2:50 AM
- Jan 29 - Highest 10 min Avg Wind - 39.5 mph - 5:10 - 5:20 PM
February 2010 - Humming Along
- Production 449,050 kWh
March 2010 - Another Fine Windy Month
- Production 427,350 kWh
- Three days up into the top 12 for 24 hr production
- Three days up into the top 10 for average wind speed in a 24 hr period
- 4th consecutive month of 100% availability
April 2010 - Still Blowin' in the Wind
- Production 245,840
- Highest 24 hr Production for the Month (4/10) - 22,932 kWh
May 2010
- Production 247,100 kWh
June 2010
- Production 169,750 kWh
June 2010 (Audited FY 2010 data)
| FY10 Total Revenues | $508,545 |
|---|---|
| Operating Expenses (including depreciation and interest expense) | $203,174 |
| Bond Principal Retired | $204,000 |
FY 10 Total Net Revenue |
$259,565* |
* For FY10 the WTG Project transferred $80,465 and $179,100 to the Town General Fund and School Fund, respectively.
Town Turbine completes first fiscal year production in June 2010 and exceeds expectations
Initial analysis indicates that the turbine produced approx 107% of predicted energy output for the fiscal year 09/10 that ended June 30.
Why is real-time data not available on the web?
We reget that, due to interface problems with our SCADA (System Control and Data Acquisition) System, we have not been able to put real time turbine data here on the web. We are pursuing various software options to try and make that possible.
Expenses
- Operation and Maintenance and Debt Service (includes a holdback for future maintenance). The Town has a maintenance contract with the manufacturer for 10 years with an option for renewal.
Income
The income varies based on electricity cost. Currently:
- 11.388 cents per kW from NGRID
The Town also sells "green energy bonds" called Renewable Energy Certificates (RECs). The Town 10 year guaranteed REC purchase agreement.
- 4 cents per kWh Renewable Energy Certificate Sales
How did the Town pay for it?
The project only used $25,000 of grant funds from the State of RI Renewable Energy Fund (RIREF) (which was paid back two-fold- see below) for the initial feasibility study.
The $3 Million project was paid for by the citizens of Portsmouth using a bond and a loan, both with 14 year payback terms.
- $2.6 Million - Clean Renewable Energy Bond where the Internal Revenue Service who provides tax credits for bond holders. It is zero interest to the Town (there is a small bank management fee of less than one percent).
- $400, 000 - RIREF (at 2% interest) (over the life of the loan the state gets paid back about $50,000 in interest, which is double the initial feasibility study grant)
What is the Warranty?
- Five-Year Bumper-to-Bumper from the manufacturer
- 90 % availability for the first six months
- 95% availability for months 6 through 18.