The University of Colorado sought guidance from EnergyLink to design, build and fund rooftop and carport solar arrays at their Anschutz Medical Center. The goal of the project was to advance the university’s ambitious sustainability goals. Benefits of the project include:
- On-site power generation: 242.55 kW of solar will be installed across the medical center, providing a new continuous power source. The new solar arrays will reduce their reliance on the Aurora electric grid and provide long-term resilience against rising electric costs.
- Power purchase agreement funding: Notably, the project will be financed through a structured power purchase agreement wherein a third-party off-taker provided full project funding in exchange for the tax credits on the project (which normally could not be taken by public entities) and regular utility payments which will be less than they normally pay.
- Exceptional system performance and maintenance: System production is backed by an energy service performance contract with measurement and verification services offered to report on performance. EnergyLink will install and maintain the array on behalf of Colorado University and the third-party owner.
- Job creation: The CU Anschutz project will stimulate job growth in the Aurora, Colorado area as EnergyLink constructs it.
CU Anschutz at a glance...
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