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Unlocking Geothermal Power Eastern Caribbean Powerhouse

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Unlocking Geothermal Power Eastern Caribbean Powerhouse ( unlocking-geothermal-power-eastern-caribbean-powerhouse )

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The Featherstone Plant was developed by EnergySource, whose majority shareholders are Catalyst Renewables and Hannon Armstrong.33 In addition to EnergySource, there are several key bodies that have played a role in the successful development of the plant: • Salt River Project—The Salt River Project is an Arizona utility that purchases electricity from the Featherstone Plant under a 30-year power purchase agreement (PPA).34 • Various landowners—The Featherstone Plant signed leases for land use with various landowners in the Salton Sea region, including the Hudson family.35 • Imperial County—Imperial County is the lead agency for the Featherstone Plant. The lead agency is the body that has the principal responsibility for approving the project. In California, the lead agency can vary based on the location and ownership of lands.36 • Performance Mechanical Company—The Performance Mechanical Company was the general contractor for the project. It provided construction management services, which also included completing site development, constructing a new county road, and earth work for the 60-acre site.37 • Banks and other lenders—75 percent of the cost of the Featherstone Plant was financed with debt. Banks and other lenders provided funding for exploration, for the construction of the plant, and for the operation of the plant. The role of the lenders and the different lenders involved are described in more detail below. • Companies who provided technical services and project monitoring—Numerous companies were hired to provide technical services for the project and project monitoring. Among others, they include: - Landmark Consultants provided the geotechnical investigation, field, and laboratory testing services for the project.38 - Simbol Minerals provided the mineral extraction services. Simbol Minerals is also providing the extraction services for Hudson Ranch II.39 - URS (now part of AECOM) was hired to monitor the construction of the plant.40 - Leidosprovidedduediligenceand independent engineering services throughout the project’s development, and is providing these services for the rest of the project’s lifecycle.41 33.Travis Lowder, “Drilling for Dollars: Notable Developments in Geothermal Finance,” National Renewable Energy Laboratory– Renewable Energy Project Finance, December 17, 2012, https://financere.nrel.gov/finance/content/drilling-dollars-notable- developments-geothermal-finance. 34. Power-technology.com, “John L Featherstone (Hudson Ranch I) Geothermal Power Plant, California, United States of America,” accessed November 21, 2014, http://www.power-technology.com/projects/john-l-featherstone-hudson-geothermal-power-plant-california/. 35. Larry Grogan, “The Hudson Ranch I Geothermal Project,” Geothermal Resources Council Bulletin 40, no. 3 (May/June 2011): 37–39, accessed November 21, 2014, http://www.hannonarmstrong.com/press/GRC_HRI_Article_Jun2011.pdf 36. Blaydes & Associates and the California Energy Commission, “Geothermal Permitting Guide,” April 2007; Larry Grogan, “The Hudson Ranch I Geothermal Project,” Geothermal Resources Council Bulletin 40, no. 3 (May/June 2011): 37–39, accessed November 21, 2014, http://www.hannonarmstrong.com/press/GRC_HRI_Article_Jun2011.pdf. 37. Power-technology.com, “John L Featherstone (Hudson Ranch I) Geothermal Power Plant, California, United States of America,” accessed November 21, 2014, http://www.power-technology.com/projects/john-l-featherstone-hudson-geothermal-power-plant-california/. 38. Ibid. 39. Ibid. 40. AECOM, “John L. Featherstone Plant Geothermal,” accessed March 16, 2016, http://www.aecom.com/projects/john-l- featherstone-plant-geothermal-project/. 41. Leidos, “Geothermal Power Generating Facility,” accessed November 20, 2014, https://www.leidos.com/project/geothermal- power-generating-facility-0. 36

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