Subject: Re:
From: "Brendan M" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Mon, 7 Feb 2011 12:16:17 -0500

No problem. I was more concerned with a print-out being left somewhere
accidentally. Below are are some other deals too. And I've attached a more
detailed risk document re the Mexico deal. Hopefully it sheds some light for
you regarding types of structuring.

Have a great trip. I think there's a 2-day overlap between when you return
and Fede and I leave for Honduras next week. If feasible, I can schedule a
meeting with the IDB guy to talk to regarding Aqua Solutions possibilities
in Haiti. He's an engineer by trade, which helps in this case because he'll
understand technical aspects, and he has singular authority to make things
happen there. Or not. I'm meeting with him this Thursday for my
manufacturing project. I will broach the idea and see if he's interested in
sitting down for a longer discussion.

ARGENTINA
*Southern Wind Project *
*$150m (this is a public sector project) *
General Objective: Support the implementation of the 8% goal established by
Law 26,190 through the construction, operation and maintenance of new
renewable energy plants interconnected to the network, with a generating
capacity of 1 MW and 50 MW for a period of 50 years.
Specific Objective: Support the National Strategic Plan for Wind Energy by
funding the wind energy program "Southern Wind Project", for the
construction and operation of three wind farms in the provinces of Chubut
(60MW) , Santa Cruz (120MW) and Buenos Aires (30 MW).

MEXICO
*Development of Local Wind Technologies*
*$24m (this is a grant project) *
The project will: (i) structure a value chain for the production of goods
and services at the national level in the wind energy sector; (ii)
consolidate the human talent required for the design of state of the art
wind turbines; (iii) consolidate the technical capabilities for the
manufacturing, testing and certification of wind turbines; (iv) establish
the necessary industrial capabilities for the production of wind turbines
with a high component of national technology; and (v) support the
development and provide capacity building to promote wind power aplication
through distributed generation by Small Power Producers (SPPs).

On Mon, Feb 7, 2011 at 11:38 AM, Hunter Biden <[email-masked]>wrote:

> Thanks B-- I wont share with anyone- just useful for me to have an idea of
> how such a deal could be structured.
>
>
>
> Rosemont Seneca Partners
> R. Hunter Biden
> 1010 Wisconsin Av., NW
> Suite 705
> Washington, D.C. 20007
> 202-333-1880 <+12023331880>
>
>
>
>
>
>
> On Feb 4, 2011, at 7:31 PM, Brendan M wrote:
>
> *MEXICO *
> *
> *
> *Soria Wind*
> *$200m *
> 400MW wind project with Macquarie Fund.
> *
> *
> *Los Vergeles*
> *$50m with $170m in co-loans*
> Sponsor(s): Proyetos Estrategicos Integrales/Grupo Soluciones en Energia
> Renovables (local consultants) and RES (Renewable Energy Systems)
> Greenfield: 160 MW using Siemens 2.3MW turbines (tested in simliar project
> in Abilene, TX) and 80km transmission line.
> Cost: US$320 million Finance structure. They are assuming debt of US$220
> million and Equity of US$100 million. Have raised US$25 million in equity
> amongst themselves and have expressions of interest for the remainder from 4
> different equity/infra funds including Macquarie. Offtake: have outline for
> 12-year PPAs with 43 municipalities that would also become minor
> shareholders so as to satisfy self-supply requirements. Municipality
> obligations would be guaranteed by 1) earmarking of tax revenues (the State
> and the Municipal Governments will place their Federal Tax Rights -
> “Participaciones Federales” - as collateral in a Trust in order to guarantee
> their payment obligations) and 2) a contingent guarantee from Banobras such
> that if the municipalities dont pay, Banobras would pay (still being
> negotiated). Rights of way already obtained, contracts signed with private
> owners of all the property necessary, even for the transmission line (no
> ejidos involved). They have already negotiated a contract to sell their
> carbon credits to/through MGM (Morgan Stanley).
>
> *Eoliatec del Istmo*
> *$50m with $170m in co-loans*
> *&*
> *Eoliatec del Pacifico*
> *$50m with $170m in co-loans*
> Two greenfield projects totalling 324MW: Eoliatec del Istmo (164MW) and
> Eoliatec del Pacifico (160MW), plus about 35km of transmission.  Both are in
> same stage of development.  They are two companies but Eolia is looking to
> finance them at the same time. Total cost U$$750 million. 15-year Self
> Supply (full take or pay). Offtake contracts signed: 60% with Acelor-Mittal,
> 40% with other local players. All permits, including environmental, in place
> except the one needed to start construction. The two projects are about 15km
> apart, but one of them neighbors the Eurus project. Technology:  they are
> talking to Gamesa, Acciona and Vestas. Project will produce .6 million tons
> for CER per annum.
>
>
> *DOMINICAN REPUBLIC*
>
> *Bani Wind Project*
> *$30m*
> This is a $100 million 30MW wind project developped by spanish Inveravante,
> also sponsor of the Pando Monte Lirio hydro plant we are financing in
> Panama. Additional $40 million in B loan or other co-lender will be
> necessary.
>
> *Pecasa*
> *$31m*
> The project consists of the construction, operation and maintenance of a
> 50MW wind farm in the town of Guanillo, located in the Northern province of
> Montecristi.
>
>