Wind Project Feasibility Study

Confidential
Completed September 2004

Synapse performed a project feasibility study for a U.S. wind developer, focusing on probable project economics and the need for this project. The economic analysis focused on projected project costs and revenues given likely electricity market prices in the relevant region and the likely prices of renewable energy credits. The need analysis focused on regional emissions trends, new air regulations, and future demand for renewable energy created by renewable portfolio standards. Project completed in September 2004.