EnSync Inc., dba EnSync Energy Systems, has announced the sale of a 20-year solar power purchase agreement (PPA) with Hawaii Pacific University (HPU) to an undisclosed investor.
The PPA will provide HPU’s Aloha Tower Marketplace with a total solar photovoltaic system capacity of 660 kW, making it the largest set of solar installations in downtown Honolulu upon completion, says EnSync Energy.
“Hawaii is firmly committed to the clean energy transition, and we’re proud to contribute to the state’s ambitious goals with technology and financing that make it easy,” comments Dan Nordloh, executive vice president of EnSync Energy. “This PPA will deliver cost-savings and reliable energy to the university and Aloha Tower Marketplace’s many residents and visitors.”
First constructed in 1926, the Aloha Tower now anchors a mixed-use development of university student residences, community spaces, administrative offices and restaurants.
The Phase 1 PPA was first commissioned in July 2017 for an initial installation of a 310 kW PV system. EnSync Energy recently announced a Phase 2 expansion of 350 kW. The terms of the PPA provide HPU flexibility for a third phase, if desired, says EnSync Energy.