Green Ribbon Commission
BU Renewable Energy Strategy
June 15, 2015
Our Opportunity
The Market
Strategy
Our Opportunity
The Market
Strategy
Our Opportunity
The Market
Institution
Top 15 Universities
Strategy
Green Power
Usage
Green Power
(kWh/yr)
% of Total Electricity Use
Resources
1
University of Pennsylvania
200,183,000
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
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
University of Wisconsin
68,673,740
15%
Wind
13
The City University of New York
64,000,000
14
University of Missouri
56,963,935
22%
15
American University
56,315,885
113%
12
51%
100% of Demand
Wind
71%
50% of Demand
Wind
15%
30% of Demand
Wind
Biomass, Solar, Wind
Source: EPA
Solar, Wind
State of Solar
The Market
Strategy
State of Solar
The Market
Strategy
System Pricing
3/Watt
$
2013 Average System Price
Source: GreentechSolar
State of Solar
The Market
Strategy
US Generation
36%
Solar of New US Generation
In Q1-Q3 of 2014
Source: SEIA
State of Solar
30%
The Market
Strategy
Renewable Energy
Investment Tax Credit
Generating Capacity
for Solar PV in the
Northeast
Source: US EIA
State of Solar
30%
The Market
Strategy
Renewable Energy
Investment Tax Credit
Generating Capacity
for Wind in the
Northeast
Source: US EIA
State of Solar
The Market
Strategy
Boston Properties
113
51580
mtCO2e
$ weeks
savings/week
950 Winter Street
Waltham, MA
State of Solar
The Market
Strategy
State of Solar
The Market
Strategy
Considerations
Financial Model
 Build/Own/Maintain
 Power Purchase
Agreement (PPA)
State of Solar
The Market
Strategy
Considerations
Financial Model
 Build/Own/Maintain
 Power Purchase
Agreement (PPA)





No Upfront Cost
Immediate Savings
Buy the Power
Long Term Agreement
Enable Project
Financing
State of Solar
The Market
Strategy
Considerations
Financial Model
 Build/Own/Maintain
 Power Purchase
Agreement (PPA)






Initial Cost/kWh
Escalation Rate
Price Floor
Buyout Schedule
Incentives
Risk
State of Solar
The Market
Strategy
Considerations
Renewables On Site
 Solar
 Wind
Renewables Off Site
 Inside MA
 Inside NE
 Outside NE
State of Solar
The Market
Strategy
State of Solar
The Market
Strategy
Drivers
1. Reduce Annual
Elect. Costs
2. Reduce Exposure
to Price Volatility
3. Retain
Renewable
Energy Credits

Where possible
4. Maximize Value
through
Aggregation
State of Solar
The Market
Strategy
Process
Learning Curve
 Proactive vs Reactive
 AASHE
 SSCC
 NECSC
 DOER
 EPA Green Power
 Peers
 Developers
 Brokers
 Boston Properties
State of Solar
The Market
Strategy
Process
Feasibility Study
 Bldg. by Bldg.
Evaluation
 Solar Resource
 Interconnection
 Infrastructure
 Roof Condition
 Structural Capacity
 PV System Reqs.
 Balance of System
Reqs.
 Economic Analysis
State of Solar
The Market
Strategy
Process
Three RFPs
1. CRC
2. BUMC/BMC
3. Large Off Site
State of Solar
The Market
Strategy
Developing Projects
Feasibility Study
 Phase I
 Phase II
1.7MW
2.0MW
State of Solar
The Market
Strategy
Developing Projects
100 Ashford Street
 750 kW Roof-mounted
 790,000 kWh Annually
State of Solar
The Market
Strategy
Developing Projects
CILSE
 112 kW Roof-mounted
 140,000 kWh Annually
State of Solar
The Market
Strategy
Developing Projects
BUMC/BMC
 610 Albany
 710 Albany
0.53MW
0.45MW
State of Solar
The Market
Strategy
Developing Projects
Large Scale Off Site
 American/GW Example
 OSU Example
 GRC Renewable
Energy Purchasing
Network
American
Source: Ohio
StateUniversity
University
State of Solar
The Market
Institution
Scale of Opportunity
Strategy
Green Power
Usage
(kWh/yr)
GHG
Reduction
51%
63%
100% of Demand
Green Power
% of Total Electricity Use
Annual
Savings
$1.5 – $3.5
Million
Annual
Savings
Total
Saving
Wind
$38 - $88
Various
Million
Wind
WindTotal
Solar, Saving
Wind
Resources
1
University of Pennsylvania
200,183,000
2
Georgetown University
152,370,500
130%
3
University of Oklahoma
134,898,600
76%
4
The Ohio State University
133,631,369
5
Carnegie Mellon University
115,637,466
GHG
23%
Reduction
98%
6
Oklahoma State University
100,360,039
7
Northwestern University
96,720,800
38%
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
University of Wisconsin
68,673,740
13
The City University of New York
64,000,000
14
University of Missouri
56,963,935
22%
15
American University
56,315,885
113%
12
71%
50% of Demand
44%
36%
GHG
15%
Reduction
15%
30% of Demand
36%
$0.6 - $1.7
Million
Wind
$14 - $44
Solar, Wind
Million
SolarTotal
Annual
Wind
Savings
Saving
Wind
$0.4 - $0.8
$8 - $20
Biomass, Solar, Wind
Million Solar, Wind
Million
Source: CFR
EPA w/BU analysis
sustainability@BU.edu