Honolulu apartment building goes solar via power purchase agreement

Ensync energy systems

EnSync Energy Systems announced the sale of a 20-year power purchase agreement (PPA) with Nuuanu Terrace to an undisclosed investor. The PPA offers the Honolulu apartment building with three dozen units affordable energy and cost savings during the 20-year agreement period.

This photovoltaic PPA is the first of a two-part energy strategy rollout for the apartment building, with plans to finalize an additional PPA with EnSync Energy to install a solar water heater.

EnSync Energy’s tailored project development and financing support enables investors and local energy consumers to commit to clean energy cost savings while furthering Hawaii’s state goal to achieve 100 percent renewable energy by 2045. EnSync Energy has contracted 25 commercial projects in Hawaii, which will account for more than $35 million in electricity sales over the terms of the agreements.

RELATED: Why sale leasebacks? How this PPA solution gets commercial solar projects financed

As project developer, EnSync Energy’s distinctive engagement methodology encompasses load analysis, system design consulting, and technical and financial modeling to ensure energy systems are sized and optimized to meet objectives for value and performance. Proprietary direct current (DC) power control hardware, energy management software, and extensive experience with numerous energy storage technologies uniquely positions EnSync Energy to deliver fully integrated systems that provide for efficient design, procurement, commissioning, and ongoing operation.

— Solar Builder magazine

Honolulu apartment building goes solar via power purchase agreement

Ensync energy systems

EnSync Energy Systems announced the sale of a 20-year power purchase agreement (PPA) with Nuuanu Terrace to an undisclosed investor. The PPA offers the Honolulu apartment building with three dozen units affordable energy and cost savings during the 20-year agreement period.

This photovoltaic PPA is the first of a two-part energy strategy rollout for the apartment building, with plans to finalize an additional PPA with EnSync Energy to install a solar water heater.

EnSync Energy’s tailored project development and financing support enables investors and local energy consumers to commit to clean energy cost savings while furthering Hawaii’s state goal to achieve 100 percent renewable energy by 2045. EnSync Energy has contracted 25 commercial projects in Hawaii, which will account for more than $35 million in electricity sales over the terms of the agreements.

RELATED: Why sale leasebacks? How this PPA solution gets commercial solar projects financed

As project developer, EnSync Energy’s distinctive engagement methodology encompasses load analysis, system design consulting, and technical and financial modeling to ensure energy systems are sized and optimized to meet objectives for value and performance. Proprietary direct current (DC) power control hardware, energy management software, and extensive experience with numerous energy storage technologies uniquely positions EnSync Energy to deliver fully integrated systems that provide for efficient design, procurement, commissioning, and ongoing operation.

— Solar Builder magazine

Largest solar rooftop system in downtown Honolulu on the way

Ensync energy systems

EnSync Energy Systems, a distributed energy resources (DERs) developer, is expanding the solar system it is installing on the rooftops of the Aloha Tower Marketplace, which is operated by Hawai’i Pacific University (HPU) under a lease with the State of Hawai’i Aloha Tower Development Corporation. The latest expansion more than doubles the capacity of the photovoltaic (PV) system to 660 kW, making it the largest solar installation in downtown Honolulu upon completion.

EnSync Energy will add 350 kw in PV capacity to the system under a 20-year power purchase agreement (PPA) it signed with HPU and an undisclosed investor. The solar energy will power HPU’s revitalized Aloha Tower Marketplace, a mixed-use space featuring university student residences, community spaces, restaurants and shops.

“It’s fitting that the largest PV installation in downtown Honolulu is now located at the landmark Aloha Tower Marketplace,” said Dan Nordloh, executive vice president of EnSync Energy. “EnSync Energy has an active presence in Hawai’i, so we are particularly proud to deliver even more clean, reliable and low-cost energy to an institution that plays a prominent role in the cultural and economic life of the state.”

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EnSync Energy designed the system based on customized analysis of Aloha Tower Marketplace’s current energy consumption patterns and anticipated future energy needs. After conducting energy and price modelling, EnSync Energy found that a grid-ready PV installation would yield the most savings for the University.

“We look forward to expanding our solar energy system with EnSync Energy, which offered us a simple way to further contribute to the state’s renewable energy goals while also reducing our costs,” said Bruce Edwards, chief financial officer for HPU. “The solar panels on Aloha Tower Marketplace’s rooftops showcase our commitment to clean energy, to our students and to the greater Honolulu community.”

Construction of both phases is expected to be completed by early 2019. HPU may consider a third solar installation phase under the terms of the PPA.

— Solar Builder magazine

EnSync, J. Walter Cameron Center sell 20-year solar-plus-storage PPA

Ensync energy systems

EnSync announced the sale of a 20-year power purchase agreement (PPA) it arranged on behalf of J. Walter Cameron Center (JWCC) to an undisclosed investor. The PPA will bring the nonprofit incubator space nearly half a million dollars in savings during the terms of the agreement.

EnSync Energy’s project engineers consulted with JWCC to size the non-exporting system to meet the center’s current operational needs while allowing room for expansion. The resulting solar plus storage project encompasses a 148-kW photovoltaic (PV) installation and EnSync Energy’s DER SuperModule—244 kWh of energy storage supported by EnSync Energy’s Matrix Energy Management System and DER Flex technologies. The alternating current, PV-only system directly serves the buildings’ loads, and a direct current system connected to the SuperModule stores energy for off-peak solar hours and for demand charge mitigation.

JWCC provides over 43,000 square feet of office space across six individual buildings to 16 resident agencies, including The American Cancer Society – Hawaii Pacific, The American Red Cross and The Maui Chamber of Commerce. The center also provides program space and support resources to over 250 community groups that together serve 30,000 Mauiresidents. Beyond cost reductions from the lower PPA rate, JWCC will benefit from demand charge mitigation services, which will decrease the center’s utility bills by relying on energy storage to manage high demand charges.
Construction will commence in the coming months.

— Solar Builder magazine

How EnSync completed a complex solar PPA for a multi-family residential community

ensync ppa solar hawaii multifamily

The latest deal from distributed energy resources (DER) developer EnSync Energy Systems cracked the code on multi-family residential PV projects, which is one of toughest segments to sell. The 20-year power purchase agreement (PPA) is for a 792-kW solar project for a residential community in Hawaii to an undisclosed buyer. The project will serve over 200 individual meters — with the flexibility to add more meters — and is grid-tied, exporting unused energy to the grid under the Customer Grid-Supply (CGS) tariff.

How did they do it?

Using its proprietary modeling technology, EnSync Energy performed significant technical and financial analyses to optimize project sizing and setup for delivering the least expensive and most reliable electricity. For example, EnSync Energy modeled how unit vacancy interacts with residential load volatility and concluded that a grid-tied project design could protect the value generated by the solar project. The resulting design, execution and successful PPA balanced load needs, special permitting requirements and CGS utility arrangements to maximize savings. EnSync Energy’s modular technology approach also enables the residential complex to easily scale capacity in the future.

“The many complexities of creating a PPA for this large residential development project, with so many units and individual load and production profiles, are indicators of the challenges our solutions address and the value we bring to the residential market-place,” said Brad Hansen, CEO and president of EnSync Energy. “Our capability to perform increasingly intricate analysis and modeling, in addition to applying expertise in policy implications, enables us to construct a customized PPA that benefits all stakeholders economically.”

EnSync Energy, with its suite of integrated project development services that merge design modeling with financial analysis and system implementation, is equipped to manage the future of energy complexity. This site is one of more than 22 contracted commercial projects in Hawaii, which will account for more than $33.4 million in electricity sales over the terms of the agreements.
Construction will commence in the coming months.

— Solar Builder magazine