Generic College Wind Project        4/25/03 Draft --Bruce Anderson
$1.65 million total project cost, financed by investment from endowment (repaid at 6% interest over 10 years)
Year Capa-city factor Availa-bility Nominal turbine capacity (kW) Annual production (kWh) Annual revenue: electricity sales @ $.033/kWh ($) Annual revenue: incentive payment @ $.015/kWh ($) Total gross annual revenue ($) Annual operating and maintenance costs ($) Annual endowment repayment (10-year, 6%) ($) Net annual revenue ($) Operating cash ($) Debt service coverage ratio
2004 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 26,691.00 213,160.32 9,661.51 222,821.83 1.05
2005 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 26,832.00 213,160.32 9,520.51 222,680.83 1.04
2006 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 34,477.13 213,160.32 1,875.39 215,035.71 1.01
2007 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 34,624.45 213,160.32 1,728.06 214,888.38 1.01
2008 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 34,776.06 213,160.32 1,576.45 214,736.77 1.01
2009 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 35,331.04 213,160.32 1,021.47 214,181.79 1.00
2010 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 35,489.47 213,160.32 863.04 214,023.36 1.00
2011 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 35,652.43 213,160.32 700.08 213,860.40 1.00
2012 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 35,818.01 213,160.32 534.50 213,694.82 1.00
2013 0.40 0.989 1500 5,198,184 171,540.07 77,972.76 249,512.83 35,988.31 213,160.32 364.20 213,524.52 1.00
2014 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 34,781.42 136,758.65 136,758.65
2015 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 34,941.43 136,598.64 136,598.64
2016 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 35,105.44 136,434.63 136,434.63
2017 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 35,273.56 136,266.52 136,266.52
2018 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 35,445.87 136,094.20 136,094.20
2019 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 36,063.49 135,476.58 135,476.58
2020 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 36,244.53 135,295.54 135,295.54
2021 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 36,430.09 135,109.98 135,109.98
2022 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 36,620.29 134,919.78 134,919.78
2023 0.40 0.989 1500 5,198,184 171,540.07 0.00 171,540.07 36,815.25 134,724.82 134,724.82
           Total net revenue (above endowment repayment): $1,385,524.55