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Feasibility Study General Guidelines NEW

The document provides guidelines for conducting a feasibility study for a community renewable energy project. It recommends including sections that describe the proposed project, conduct an environmental and economic analysis, and reach conclusions. The project description section should identify the location, existing facilities, proposed equipment, environmental impacts, and required approvals. The economic analysis examines project costs, financing options, and revenue sources. The conclusions summarize findings, recommend the most feasible option, and outline any barriers and next steps. The guidelines are intended to prompt consideration of key subjects necessary to evaluate project viability and support future funding applications.

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Daniel Tai Onyekpe
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78 views3 pages

Feasibility Study General Guidelines NEW

The document provides guidelines for conducting a feasibility study for a community renewable energy project. It recommends including sections that describe the proposed project, conduct an environmental and economic analysis, and reach conclusions. The project description section should identify the location, existing facilities, proposed equipment, environmental impacts, and required approvals. The economic analysis examines project costs, financing options, and revenue sources. The conclusions summarize findings, recommend the most feasible option, and outline any barriers and next steps. The guidelines are intended to prompt consideration of key subjects necessary to evaluate project viability and support future funding applications.

Uploaded by

Daniel Tai Onyekpe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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FEASIBILITY STUDY GENERAL GUIDELINES

Recommended Outline for Feasibility Studies


The following guidance was created for Community Renewable Energy Feasibility Fund (CREFF) grant
awardees to assist them in scoping and completing a feasibility study. The list is not meant to be
exhaustive. It is intended to prompt the feasibility analyst and the project proponent to consider a
range of subjects.
Project proponents and their consultants should prioritize information and analysis for future purposes,
namely what(a) Is necessary to make a decision and a commitment;
(b) Answers questions that will arise in future grants, loans, and other financial tools (e.g. SELP,1 BETC);
and
(c) Provides a foundation for acquiring permits (e.g. environmental analysis).
Please contact the coordinator for assistance in locating examples of any of the sections below.
Rebecca Sherman
Email: [email protected]
Direct line: 503-373-2120

1.

ABSTRACT

Purpose
Goal
Scope
Key indicators
Study ownership (if funded by CREFF, then the state of Oregon)
2.

PROJECT DESCRIPTION

Siting
Accurate, clear, and detailed map of key proposed and existing facilities, with a north arrow
Description of existing facilities
Site ownership and surrounding lands
Description of proposed new construction

The State Energy Loan Program, or SELP, has published guidance for a Renewable Resource Project Business Plan.
This guidance contains many complementary points worth reviewing. It is available here:
http://www.oregon.gov/ENERGY/LOANS/docs/RenewableResProjectBusinessPlan.pdf

Proposed Renewable Energy System(s)


Description of local renewable energy resource
Proposed equipment and facilities
Size and location of system(s)
Estimated annual energy production
Energy Distribution
On-site energy use and conservation
Targeted energy market
Transmission availability
Environmental Impact
Potential and likely environmental impacts and mitigation options
Potential and likely cultural/historical impacts and mitigation options
Potential and likely recreational impact, if any (how current land/water uses will be affected)
Community impact and key partnerships
Regulatory Compliance
Required approvals and permits (local, state, fed, other)
Utility interconnection and engineering requirements
Construction
Schedule of work
Materials delivery, storage and staging
Existing infrastructure
Employment potential and workforce availability
3.

ECONOMIC ANALYSIS

Project Cost
Design / engineering
Permitting preparation and fees
Materials
Construction
Commissioning / monitoring
Long-term operation and maintenance
Legal fees
Interconnection fees
Loan fees, interest
Contingencies
Project Financing

Funding sources and partners


Eligibility for federal, state, and local grants, tax credits, and incentives
Pass through partners
Project Revenue
Revenue from energy production
Offtake agreements or PPAs and partners in these agreements
RECs or environmental credits
Applied revenue from other sources
Demonstrate accounting for variability in outcomes
4.

CONCLUSIONS

Summary
Summarize conclusions and make a final succinct recommendation
If multiple sites, recommendation of most feasible to least along key parameters
If project is a no, highlight why
Obstacles
Summarize any clear financial, logistical, legal or regulatory barriers to project development,
completion, or operation
Set out next steps
5.

APPENDIX

Projected budget
Tested ariations in projections
Technical summary sheet (s)
Single line operations diagram(s)

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