The two adjacent building clusters can support an estimated 1.5MW of installed solar capacity, or 1.8GWh of annual electricity.
The project uses an estimated 6,002 high-efficiency photovoltaic panels and will reduce CO2 emissions by nearly 102 million pounds, plant over 50,000 trees, or remove nearly 10,000 cars from the roads.
Under the agreement terms and depending upon the actual future pace of conventional electricity rate increases, combined utility savings may reach as much as $2.7m over the 20-year power purchase agreement and nearly $12m over the useful life of the solar facilities.
Distributed Sun will finance the distributed buildings project as part of sunTHREE, its third Solar Energy Investment Company.
The company said sunONE achieved profitability in June of this year and sunTWO is under construction now.
sunTHREE will inaugurate the official launch of D-SUN’s new underwriting criteria, TruSolar.
D-SUN is a solar commercial developer and interstate distributed power-producer.
