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 Power Resources (kWh/yr) % of Total Electricity Use 200,183,000 51% Wind 100% of Demand University of Pennsylvania 1 152,370,500 130% Various Georgetown University 2 134,898,600 76% Wind University of Oklahoma 3 133,631,369 23% Wind The Ohio State University 4 115,637,466 98% Solar, Wind Carnegie Mellon University 5 50% of Demand 100,360,039 71% Wind Oklahoma State University 6 96,720,800 38% Solar, Wind Northwestern University 7 96,678,000 100% Solar, Wind Drexel University 8 85,926,100 28% Solar, Wind University of Utah 9 80,020,000 32% Biogas, Small-hydro, Solar, Wind University of Tennessee, Knoxville 10 78,392,000 36% Solar University at Buffalo 11 68,673,740 15% Wind University of Wisconsin 12 64,000,000 15% Wind 30% of Demand The City University of New York 13 56,963,935 22% Biomass, Solar, Wind University of Missouri 14 56,315,885 113% Solar, Wind American University 15 Source: EPA

The Market Strategy State of Solar

System Pricing State of Solar The Market Strategy $ /Watt 2013 Average System Price Source: GreentechSolar

US Generation State of Solar The Market Strategy % Solar of New US Generation In Q1-Q3 of 2014 Source: SEIA

Renewable Energy State of Solar The Market Strategy 30% Investment Tax Credit Generating Capacity for Solar PV in the Northeast Source: US EIA

Renewable Energy State of Solar The Market Strategy 30% Investment Tax Credit Generating Capacity for Wind in the Northeast Source: US EIA

Boston Properties State of Solar The Market Strategy weeks $ mtCO 2 e savings/week 950 Winter Street Waltham, MA

State of Solar Strategy The Market The Market

Considerations State of Solar The Market Strategy Financial Model  Build/Own/Maintain Power Purchase  Agreement (PPA)

Considerations State of Solar The Market Strategy Financial Model  Build/Own/Maintain Power Purchase  Agreement (PPA)  No Upfront Cost Immediate Savings   Buy the Power  Long Term Agreement  Enable Project Financing

Considerations State of Solar The Market Strategy Financial Model  Build/Own/Maintain Power Purchase  Agreement (PPA)  Initial Cost/kWh Escalation Rate   Price Floor  Buyout Schedule  Incentives  Risk

Considerations State of Solar The Market Strategy Renewables On Site  Solar Wind  Renewables Off Site  Inside MA  Inside NE Outside NE 

State of Solar The Market Strategy

Drivers State of Solar The Market Strategy 1. Reduce Annual Elect. Costs 2. Reduce Exposure to Price Volatility 3. Retain Renewable Energy Credits Where possible  4. Maximize Value through Aggregation

Process State of Solar The Market Strategy Learning Curve  Proactive vs Reactive AASHE   SSCC  NECSC  DOER  EPA Green Power Peers   Developers  Brokers  Boston Properties

Process State of Solar The Market Strategy Feasibility Study  Bldg. by Bldg. Evaluation  Solar Resource  Interconnection  Infrastructure  Roof Condition Structural Capacity   PV System Reqs.  Balance of System Reqs.  Economic Analysis

Process State of Solar The Market Strategy Three RFPs 1. CRC 2. BUMC/BMC 3. Large Off Site

Developing Projects State of Solar The Market Strategy Feasibility Study  Phase I 1.7MW Phase II 2.0MW 

Developing Projects State of Solar The Market Strategy 100 Ashford Street  750 kW Roof-mounted 790,000 kWh Annually 

Developing Projects State of Solar The Market Strategy CILSE  112 kW Roof-mounted 140,000 kWh Annually 

Developing Projects State of Solar The Market Strategy BUMC/BMC  610 Albany 0.53MW 710 Albany 0.45MW 

Developing Projects State of Solar The Market Strategy Large Scale Off Site  American/GW Example OSU Example   GRC Renewable Energy Purchasing Network Source: American University Source: Ohio State University

Scale of Opportunity State of Solar The Market Strategy Green Power GHG Annual Total Institution Usage Green Power Resources Reduction Savings Saving (kWh/yr) % of Total Electricity Use 63% $1.5 – $3.5 $38 - $88 200,183,000 51% Wind 100% of Demand University of Pennsylvania 1 152,370,500 130% Million Various Million Georgetown University 2 134,898,600 76% Wind University of Oklahoma 3 GHG Annual Total 133,631,369 23% Wind The Ohio State University 4 Reduction Savings Saving 115,637,466 98% Solar, Wind Carnegie Mellon University 5 50% of Demand 44% $0.6 - $1.7 $14 - $44 100,360,039 71% Wind Oklahoma State University 6 96,720,800 38% Solar, Wind Million Million Northwestern University 7 96,678,000 100% Solar, Wind Drexel University 8 85,926,100 28% Solar, Wind University of Utah 9 80,020,000 32% Biogas, Small-hydro, Solar, Wind University of Tennessee, Knoxville 10 GHG Annual Total 78,392,000 36% Solar University at Buffalo 11 Reduction Savings Saving 68,673,740 15% Wind University of Wisconsin 12 64,000,000 15% Wind 30% of Demand 36% $0.4 - $0.8 $8 - $20 The City University of New York 13 56,963,935 22% Biomass, Solar, Wind University of Missouri Million Million 14 56,315,885 113% Solar, Wind American University 15 Source: EPA Source: CFR w/BU analysis

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