Global Common developed a 54-MW simple-cycle project in Greenport, Long Island, New York. The facility sells the power to the Long Island Power Authority (LIPA) under a long-term power purchase agreement (PPA). Global Common obtained all environmental permits on a fast-track basis. The project began in September 2002; LIPA issued a negative declaration in January 2003; and the NY Department of Environmental Conservation issued the final air permit in February 2003, a record time for a project of this type in New York State. Global Common also negotiated all key project documents, including the PPA, the engineering, procurement, and construction contract, and a ground lease with the Village of Greenport.
Global Common acquired and re-started two out-of-service 12.5-MW wood-fired power plants in Central California. We completed development tasks needed to finance the refurbishment of the facilities. Global Common negotiated key development agreements, including asset purchase agreements, two 15-year PPAs with PG&E, long-term biomass supply agreements, and a ground lease. We also negotiated complex air, water, wastewater, and land use permits with state and local authorities. Global Common sold its development rights before construction. The plants have commenced operations.
The goal of our Port Jefferson project is to develop and build a microgrid that supports critical facilities and important businesses in the face of extreme events such as Hurricane Sandy.
In Southampton, our goal is similar to that of Port Jefferson: improve the reliability of electricity in the face of weather events. This project also aims to mitigate projected shortfalls during peak usage times.
