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Green Ribbon CommissionBU Renewable Energy Strategy
June 15, 2015
StrategyThe MarketOur Opportunity
StrategyThe MarketOur Opportunity
StrategyThe Market Top 15 Universities
InstitutionGreen 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
StrategyThe MarketState of Solar
$3/Watt2013 Average System Price
StrategyThe MarketState of Solar System Pricing
Source: GreentechSolar
StrategyThe MarketState of Solar US Generation
36%Solar of New US Generation In Q1-Q3 of 2014
Source: SEIA
StrategyThe MarketState of Solar Renewable Energy
Source: US EIA
Generating Capacity for Solar PV in the Northeast
30% Investment Tax Credit
StrategyThe MarketState of Solar Renewable Energy
Source: US EIA
Generating Capacity for Wind in the Northeast
30% Investment Tax Credit
StrategyThe MarketState of Solar Boston Properties
5weeks113mtCO2e$1580savings/week
950 Winter StreetWaltham, MA
StrategyThe MarketState of Solar
State of Solar StrategyThe Market Considerations
Financial Model Build/Own/Maintain Power Purchase
Agreement (PPA)
State of Solar StrategyThe 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
State of Solar StrategyThe Market Considerations
Financial Model Build/Own/Maintain Power Purchase
Agreement (PPA)
Initial Cost/kWh Escalation Rate Price Floor Buyout Schedule Incentives Risk
State of Solar StrategyThe Market Considerations
Renewables On Site Solar Wind
Renewables Off Site Inside MA Inside NE Outside NE
StrategyState of Solar The Market
State of Solar StrategyThe 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
State of Solar StrategyThe Market Process
Learning Curve Proactive vs Reactive AASHE SSCC NECSC DOER EPA Green Power Peers Developers Brokers Boston Properties
State of Solar StrategyThe 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
State of Solar StrategyThe Market
Three RFPs1. CRC2. BUMC/BMC3. Large Off Site
Process
State of Solar StrategyThe Market Developing Projects
Feasibility Study Phase I
1.7MW Phase II
2.0MW
State of Solar StrategyThe Market
100 Ashford Street 750 kW Roof-mounted 790,000 kWh Annually
Developing Projects
State of Solar StrategyThe Market
CILSE 112 kW Roof-mounted 140,000 kWh Annually
Developing Projects
State of Solar StrategyThe Market
BUMC/BMC 610 Albany
0.53MW 710 Albany
0.45MW
Developing Projects
State of Solar StrategyThe Market
Large Scale Off Site American/GW Example OSU Example GRC Renewable
Energy Purchasing Network
Developing Projects
Source: American University Source: Ohio State University
InstitutionGreen 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: EPASource: CFR w/BU analysis
GHG Reduction
Annual Savings
Total Saving
GHG Reduction
Annual Savings
Total Saving
State of Solar StrategyThe Market Scale of Opportunity
sustainability@BU.edu
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