Isabella Wind

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Apex: Values and Commitment

Summary
Apex Clean Energy is an independent renewable energy company with over 200 employees focused on building
utility-scale generation facilities. Our team includes experts in all areas of clean energy development including
environmental permitting, project engineering, construction, electricity transmission, utility market analysis, and
project operations.

Company Values
Entrepreneurial Spirit

Professionalism

Integrity

Safety

Commitment
Apex is committed to the responsible development of clean energy resources in order to ensure that our projects
create economic and environmental value for all stakeholders.

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Largest U.S. Project Portfolio

COD 2020 6,246

Willow Creek CO 153
Lincoln Land IL 125
Ford Ridge IL 125
Spartan IN 150
Wind Project
Ringneck Prairie KS 70
Operating / Under Construction
Jayhawk KS 300
Solar Project Neosho Ridge KS 300
Isabella MI 400
Bowman ND 300
Nuckolls NE 300
Homestead ND 300
Brooklyn Ranch NM 300
Grady Martin NM 750
Stockbridge NY 72.6
Heritage NY 200
Emerson Creek OH 300
Emerson West OH 200
COD 2019 2,880 Firelands OH 100
Operating 1,760 COD 201718 3,157 Sugar Creek IL 175 Long Prairie I OH 300
Balko OK 300 Upland Prairie IA 300 Plum Tree IN 100 Long Prairie II OH 250
Cameron TX 165 Flat Rock IN 180 Downeast ME 90 Balko II OK 150
Canadian Hills OK 300 Maple Rapids MI 120 Cornhusker Harvest NE 300 Isabella MI 300
Grant OK 152 Timbermill NC 300 Galloo Island NY 110.4 Espiritu TX 150
Grant Plains OK 147 Republic OH 200 Lighthouse NY 201 Swinford I TX 800
Hoopeston IL 98 Caddo OK 255 Campbell Creek OK 250.1 Coldwater TX 150
Kay OK 299 North Rim OK 303.6 Diamond Spring OK 303.6
Kingfisher OK 298 Oslo TX 360 Ivanhoe OK 300.3 Summary 12,749

Colorado PV Solar CO 1 Patriot TX 178 Dakota Range II SD 300 In Construction 466

Perryton TX 150 Volunteer TN 200 201718 3,157
Under Construction 466
Pumpkin Farm TX 280 Crab Orchard TN 71 2019 2,880
Cotton Plains ** TX 217
Midway TX 158 Woods Canyon UT 178.5 2020 6,246
Chapman Ranch TX 249
Dakota Range I SD 300 Pinewood VA 180
Rocky Forge VA 72 Portfolio Expansion in Progress 9,592
Mill Creek VA 120
** Hybrid wind/solar project

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 About Isabella Wind

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 Isabella Wind
An Opportunity to diversify Michigans Energy Portfolio while benefiting the economy and environment

Project Drivers

State demand for renewable energy sources

Verified wind resource
Onsite transmission
Minimizes impact to sensitive habitat
Accessible from existing highways

Project Summary

Approx. 400 MW (~120,000 homes annually)

Potentially 115- 200 wind turbines
Located on 40,000 acres of private land

Project Schedule

2016: Landowner Steering Committee/leasing

2017: MET Towers installed Project Engineering
20172018: Community Input/Permitting
20182020: Start Construction and Operations

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Project Construction

Time Frame
Construction of Isabella Wind is expected to take 12-
18 months from start to finish

Roads
Project access roads and local road improvements
are made before turbine components arrive then
maintained and repaired as needed

Foundations
Turbine foundations are excavated and assembled
with rebar and concrete then covered with reclaimed
soil

Grid Interconnection
Project electrical collection system, and substation
are routed for grid interconnection

Turbine Assembly
A turbine crane assembles the turbine components
as crews inspect and commission each turbine

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Economic Benefits of Wind Energy in Michigan

More than 1,000 Michigan jobs are supported by the wind industry
According to U.S. Department of Commerce, wind turbine
technician is the fastest-growing profession in the country
Many companies now site their facilities based on the availability of
clean energy:
The right and ability to source power from renewable sources is not
merely a goal, but an expectation.
Apple, Google, Facebook

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Economic Benefits of Wind Energy in Michigan

Wind has a massive

manufacturing footprint 26
companies in MI currently
produce parts and components
for wind turbines
Ongoing economic impacts
generate revenue and boost
local spending
Isabella County is well situated
to take advantage of the
economic development
opportunities available through
wind

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Local Economic Impact: Tax Revenues

Townships:
Deerfield, Denver, Isabella, Nottawa, Vernon & Wise
Wind energy facilities are taxed as industrial personal property
Industrial personal property is partially exempt from some
educational property taxes. In Isabella County, industrial
personal property is exempt from the SET and local school
operating taxes
Industrial personal property is subject to depreciation
according to a set schedule.
Wind energy facilities are excluded from the definition of
eligible manufacturing personal property (EMPP) and,
therefore, are not eligible for the recently created EMPP tax
exemption.

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Economic Impact: Tax Revenues Estimates Yr 1
Township County Township School ISD Library Total 10
(school) (other) turbines
Deerfield $8,459 $2,677 $6,300 $4,768 $22,205 $222,050
(Beal City)
Denver $8,459 $900 $3,375 $2,408 $15,142 $115,142
(Coleman)
Isabella $8,459 $898 $6,300 $4,768 $20,797 $207,970
(Beal City)
Nottawa $8,459 $896 $6,300 $4,768 $20,425 $204,250
(Beal City)
Vernon $8,459 $894 $6,300 $4,768 $893 $21,316 $213,160
(Beal City)
Wise $8,459 $2,690 $3,375 $2,408 $893 $17,826 $178,260
(Coleman)

*Estimates based on single turbine at $1.8M each

** Project depreciates per Michigan law thru year #10

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Economic Impact: Denver Township Tax Revenue
Year Value Tax Total
of Revenue based
Project (single on 10 *Estimates based on single turbine at
turbine) turbines $1.8M each
1 100% $2,677 $26,770
2 80% $2,142 $21,420 ** This example is single township tax
revenue
3 75% $2,008 $20,080
4 70% $1,874 $18,740 ***Final turbine locations not
5 60% $1,606 $16,060 determined so this is representative
6 50% $1,338 $13,338 Life of project (20yrs) - $23,960/turbine
7 45% $1,204 $12,040
8 40% $1,071 $10,710
9 35% $937 $9,370
10+ 30% $803 $8,030

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Economic Impact: Operations

Isabella Wind will create:

10-15 full-time jobs with
Isabella Wind
Generous wages and
salaries
Millions of dollars in
state and county taxes
over the life of the
project

Estimates calculated by Mangum Economics using IMPLAN modeling.

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Project Operations

Project Life
Wind turbines are certified to operate for 20 30 years

Local Project Representative

A local O&M building provides access to project
management for the life of the project

Local Maintenance and Crew

A crew of technicians (15 to 20) will routinely inspect
and conduct maintenance on the wind turbines

Turbine Cleaning
Wind turbines are routinely cleaned to maintain
appearance and efficiency of the wind turbine blades

Road Repair
Project access roads and local roads are repaired of
any damage caused during construction or operations

Remote Monitoring
Project is monitored and controlled from central
operating center which is manned 24/7, 365 days

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Environmental Benefits of Wind Energy

In 2015, wind energy saved 886 million gallons of water a precious resource in Michigan.

Thats the same as saving 6.7 billion bottles of water over the course of a single year.

In 2015, Michigans wind farms also reduced CO2 emissions by over 1.4 million metric tons equal
to taking 298,000 cars off the road.

Immediate and Long-term Benefits

Abundant resource that has become highly predictable

Reduces dependence on imported energy

Requires no mining or transportation of fuel

Does not pollute the air or water

Provides long-term hedge against volatile natural gas prices

Provides economic development in rural communities

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Project Summary

Economic
Direct, long-term economic benefit to Isabella County, local townships, and the State of
Michigan

Health
Protects air quality in Michigan (equivalent offset of more than 1,000 train cars of coal per
year)

Environmental
Contributes to cleaner habitats along the Great Lakes watershed

Ecotourism
First wind farm in Isabella County would promote tourists interested in renewable energy

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Contact Information

Scott Hawken
o: (434) 270-7512
scott.hawken@apexcleanenergy.com

Albert Jongewaard
o: (612) 315-6171
albert.jongewaard@apexcleanenergy.com

www.isabellawind.com
www.apexcleanenergy.com

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