SLIDE 1
Green Ribbon Commission BU Renewable Energy Strategy
June 15, 2015
Strategy The Market
Our Opportunity
Green Ribbon Commission BU Renewable Energy Strategy June 15, 2015 - - PowerPoint PPT Presentation
Green Ribbon Commission BU Renewable Energy Strategy June 15, 2015 - - PowerPoint PPT Presentation
Green Ribbon Commission BU Renewable Energy Strategy June 15, 2015 The Market Strategy Our Opportunity Our Opportunity The Market Strategy Top 15 Universities Our Opportunity The Market Strategy Green Power Institution Usage Green
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Strategy The Market Our Opportunity
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Strategy The Market
Top 15 Universities
Institution Green Power Usage Green Power Resources
(kWh/yr) % of Total Electricity Use
1
University of Pennsylvania 200,183,000 51% Wind
2
Georgetown University 152,370,500 130% Various
3
University of Oklahoma 134,898,600 76% Wind
4
The Ohio State University 133,631,369 23% Wind
5
Carnegie Mellon University 115,637,466 98% Solar, Wind
6
Oklahoma State University 100,360,039 71% Wind
7
Northwestern University 96,720,800 38% Solar, Wind
8
Drexel University 96,678,000 100% Solar, Wind
9
University of Utah 85,926,100 28% Solar, Wind
10
University of Tennessee, Knoxville 80,020,000 32% Biogas, Small-hydro, Solar, Wind
11
University at Buffalo 78,392,000 36% Solar
12
University of Wisconsin 68,673,740 15% Wind
13
The City University of New York 64,000,000 15% Wind
14
University of Missouri 56,963,935 22% Biomass, Solar, Wind
15
American University 56,315,885 113% Solar, Wind
100% of Demand 50% of Demand 30% of Demand
Our Opportunity
Source: EPA
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Strategy The Market
State of Solar
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$ /Watt
2013 Average System Price
Strategy The Market State of Solar
System Pricing
Source: GreentechSolar
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Strategy The Market State of Solar
US Generation
%
Solar of New US Generation
In Q1-Q3 of 2014
Source: SEIA
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Strategy The Market State of Solar
Renewable Energy
Source: US EIA
Generating Capacity for Solar PV in the Northeast 30% Investment Tax Credit
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Strategy The Market State of Solar
Renewable Energy
Source: US EIA
Generating Capacity for Wind in the Northeast 30% Investment Tax Credit
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Strategy The Market State of Solar
Boston Properties
weeks
mtCO2e
$
savings/week 950 Winter Street Waltham, MA
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Strategy
The Market The Market
State of Solar
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State of Solar Strategy The Market
Considerations Financial Model
- Build/Own/Maintain
- Power Purchase
Agreement (PPA)
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State of Solar Strategy The Market
Considerations Financial Model
- Build/Own/Maintain
- Power Purchase
Agreement (PPA)
- No Upfront Cost
- Immediate Savings
- Buy the Power
- Long Term Agreement
- Enable Project
Financing
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State of Solar Strategy The Market
Considerations Financial Model
- Build/Own/Maintain
- Power Purchase
Agreement (PPA)
- Initial Cost/kWh
- Escalation Rate
- Price Floor
- Buyout Schedule
- Incentives
- Risk
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State of Solar Strategy The Market
Considerations Renewables On Site
- Solar
- Wind
Renewables Off Site
- Inside MA
- Inside NE
- Outside NE
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Strategy
State of Solar The Market
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State of Solar Strategy The Market
Drivers
- 1. Reduce Annual
- Elect. Costs
- 2. Reduce Exposure
to Price Volatility
- 3. Retain
Renewable Energy Credits
- Where possible
- 4. Maximize Value
through Aggregation
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State of Solar Strategy The Market
Process Learning Curve
- Proactive vs Reactive
- AASHE
- SSCC
- NECSC
- DOER
- EPA Green Power
- Peers
- Developers
- Brokers
- Boston Properties
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State of Solar Strategy The Market
Feasibility Study
- Bldg. by Bldg.
Evaluation
- Solar Resource
- Interconnection
- Infrastructure
- Roof Condition
- Structural Capacity
- PV System Reqs.
- Balance of System
Reqs.
- Economic Analysis
Process
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State of Solar Strategy The Market
Three RFPs 1. CRC 2. BUMC/BMC 3. Large Off Site Process
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State of Solar Strategy The Market
Developing Projects
Feasibility Study
- Phase I
1.7MW
- Phase II
2.0MW
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State of Solar Strategy The Market
100 Ashford Street
- 750 kW Roof-mounted
- 790,000 kWh Annually
Developing Projects
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State of Solar Strategy The Market
CILSE
- 112 kW Roof-mounted
- 140,000 kWh Annually
Developing Projects
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State of Solar Strategy The Market
BUMC/BMC
- 610 Albany
0.53MW
- 710 Albany
0.45MW
Developing Projects
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State of Solar Strategy The Market
Large Scale Off Site
- American/GW Example
- OSU Example
- GRC Renewable
Energy Purchasing Network
Developing Projects
Source: American University Source: Ohio State University
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Institution Green Power Usage Green Power Resources
(kWh/yr) % of Total Electricity Use
1
University of Pennsylvania 200,183,000 51% Wind
2
Georgetown University 152,370,500 130% Various
3
University of Oklahoma 134,898,600 76% Wind
4
The Ohio State University 133,631,369 23% Wind
5
Carnegie Mellon University 115,637,466 98% Solar, Wind
6
Oklahoma State University 100,360,039 71% Wind
7
Northwestern University 96,720,800 38% Solar, Wind
8
Drexel University 96,678,000 100% Solar, Wind
9
University of Utah 85,926,100 28% Solar, Wind
10
University of Tennessee, Knoxville 80,020,000 32% Biogas, Small-hydro, Solar, Wind
11
University at Buffalo 78,392,000 36% Solar
12
University of Wisconsin 68,673,740 15% Wind
13
The City University of New York 64,000,000 15% Wind
14
University of Missouri 56,963,935 22% Biomass, Solar, Wind
15
American University 56,315,885 113% Solar, Wind
100% of Demand 50% of Demand 30% of Demand
GHG Reduction Annual Savings Total Saving 63% $1.5 – $3.5 Million $38 - $88 Million 44% $0.6 - $1.7 Million $14 - $44 Million 36% $0.4 - $0.8 Million $8 - $20 Million
Source: EPA Source: CFR w/BU analysis
GHG Reduction Annual Savings Total Saving GHG Reduction Annual Savings Total Saving
State of Solar Strategy The Market
Scale of Opportunity
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