Washburn Solar Project
In April 2017, Cheq Bay Renewables (CBR) was selected to participate in the U.S. Department of Energy SunShot Initiative’s Solar in Your Community Challenge, a $5 million prize competition that aims to expand solar electricity access. Over the next 18 months, CBR’s Team will develop an innovative project that initially included the City of Washburn, Bayfield County, the City of Washburn and County of Bayfield Housing Authority, and the Washburn School District to incorporate solar PV for approximately 18 municipal sites.
In January 2018, CBR received additional funds from the Solar in Your Community Challenge and expanded the initial project to include the City of Bayfield, the Bayfield School District, and the Greater Bayfield Waste Water Treatment Plant. Preliminary feasibility studies were also undertaken for the tribes of Red Cliff and Bad River in separate projects.
This project will demonstrate how local investors can cost-effectively finance solar energy so there is no upfront cost to these government entities. The model developed from this pilot project will inform other municipalities, schools, or tribes looking to go solar.
The engineering report for the first phase of the Solar Project was presented on October 26th, 2017 in the County Board Room. The full engineering report can be viewed here.
On March 12, 2018 the second phase was completed by Madison Solar Consulting. This phase included four reports including a Trip Report, a Financial Analysis of the most promising sites, a Scenario Analysis of a few selected sites, and a statement of the Analysis Assumptions. The financial analysis included sites in Washburn selected from the initial engineering report and well as additional sites around Bayfield.
The Financial Analysis includes three options for each entity, full-ownership, ownership with debt financing, and financing through a third party participant (TPP) to monetize the Federal tax credits. The next step is for each municipality to evaluate these options, as well as the community solar option presented by Xcel Energy, and determine the best path forward. Any construction would likely take place in the summer of 2019.