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Energy Efficiency Exchange Renewable Energy Projects w/ Private Funding

Explore recent privately financed photovoltaic projects and renewable energy initiatives in the National Capital Region. Learn about on-site PV installations, deep national energy retrofit projects, Maryland grid-based PV developments, and low utility-scale solar costs.

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Energy Efficiency Exchange Renewable Energy Projects w/ Private Funding

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  1. Energy Efficiency ExchangeRenewable Energy Projects w/ Private Funding Ronald Allard National Capital Region Energy Branch Chief

  2. Recent GSA NCR Privately Financed Photovoltaic Projects IRS NC Federal Building on-site PV (Single Site) • 808 kW PV • Energy Savings Performance Contract (ESPC) • Deep National Energy Retrofit Project (50%+ energy reduction) Capital Solar Challenge on-site PV (Multiple sites) • 2.7 megawatt • 10 + 10 year term Power Purchase Agreement (PPA) • Roof top PV on 18 buildings - 7 Agencies Maryland Grid based PV (Grid Based) • 75Megawatt • 10 year term Power Purchase Agreement (PPA) • Privately developed PV solar farm

  3. E.O. 13693 – Renewable Targets • 10% in 2016 and 2017 • 15% in 2018 and 2019 • 20% in 2020 and 2021 • 25% in 2022 and 2023 • 27.5% in year 2024 • 30% in 2025 and beyond

  4. Low Utility-Scale Solar Costs

  5. Project Scoping Determine the key project parameters Answer - Why, What, When, Who, Whereand How Defining some key project parameters helps set direction for other parameters and determines if you have financially viable project

  6. Why do you want Renewable Energy? Consider the Project Drivers • Green “badge of honor” (Single site) • Favorable market conditions (Single or Multiple site) • To meet National Agency goal (Grid Based) • Supply Security (Single Site)

  7. Who are the Potential Stakeholders? Identify the stakeholders and appropriate options • Single Site – most likely one Agency • Multiple Sites* - One or more Agencies • Grid Based – One Agency (assuming power appetite) * Aggregated procurement brings economies of scale as well as greater project complexity.

  8. When Must Project Happen? Determine if timing is critical • Tax Credits • Rebates • RECs • Incentives • Product Pricing • Other deadline If schedule is a major factor re-consider multiple players.

  9. What Technology and what Price? Determine if there is a preferred technology. • (Wind, PV, Other – or best match for location) Determine pricing parameters of delivered power • Maximum price for the customer (market price or a price premium for renewable acceptable) and capital amortization requirement

  10. Where to Locate the Project? Determine best location for the project • Single site – roof or ground mounted • Multiple sites – which sites (cost effectiveness and/or Agency relationship) • Grid Based – which region or area (resource or delivery)

  11. How to Structure the Contract? Determine the best contract structure • Agency funds • Other People’s Money • ESPC • PPA (Agency authority & ownership) Options for competitive pricing • Length of Contract • Drive down risk (provide good information) • Industry friendly terms & conditions • Aggregation of “good” sites

  12. Drivers for GSA PV projects • Single Site Project (IRS NC) Presidential Directive for ESPC’s and National Deep Energy Retrofit program - 22 year performance period ESPC with longer payback for PV; RECs are retained • Multiple Site Project (Capital Solar Challenge) Presidential Memo to increase renewable energy on federal properties - 10 year + 10 year option PPA with non-renewal of option payment for below retail market power; RECs are not retained • Grid Based Project (Maryland Solar Farm) Federal renewable energy requirement- national office10 year PPA with option for renewal for market price wholesale power; GSA does not retain RECs

  13. Questions? Ronald.Allard@gsa.gov

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