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HomeMy WebLinkAbout04. Potential Participation in R-REP Solar ProjectCentral Contra Costa Sanitary District April 17, 2014 TO: BOARD ENGINEERING AND OPERATIONS COMMITTEE VIA: DANEA GEMMELL, ENVIRONMENTAL SERVICES DIVISION MGF�qfOy NATHAN HODGES, PROVISIONAL SENIOR ENGINEER o'� FROM: DAN FROST, ASSOCIATE ENGINEER Di MELODY LABELLA, PROVISIONAL ASSOCIATE ENGINEER 4'n SUBJECT: REGIONAL RENEWABLE ENERGY PROCUREMENT PROJECT Background On January 10, 2013, our Board of Directors voted unanimously to enter into a Memorandum of Understanding (MOU) with Alameda County to participate in the Regional Renewable Energy Procurement Project (R -REP) that they have been leading. As part of the District's participation in the project, staff submitted three District facilities to the project, with the goal of receiving pricing for a Power Purchase Agreement for solar power. The following District sites were enrolled in the process: 1. CSO Main Building (1 meter) 2. CSO Vehicle Maintenance Shop (2 meters) 3. Household Hazardous Waste Collection Facility (1 meter) In January 2014, Alameda County received proposals from 12 vendors. After conducting a thorough evaluation, SunEdison was selected as the winning bidder for our sites. District staff is now in receipt of the pricing for a 20 -year Power Purchase Agreement for solar power at the facilities listed above. The next step in the project is for the participating agencies to enter into negotiations with the winning vendor. Financial Analysis In looking at the pricing offered to the District strictly from a financial standpoint, the CSO Main Building is the clear winner, with a projected savings of approximately $450,000 over the 20 -year term. The pricing offered for the other metered locations result in less savings ($70,000 and $55,000, respectively, over the 20 -year term), which may not be realized if the underlying assumptions do not hold true over time. So, staff is now seeking guidance from., the Board on if this should be viewed as strictly an economic decision only or if other factors should be considered, such as the public relations value (the District being seen as a leader in using power from sources with a lower greenhouse gas footprint) and /or if this supports the goals established by the Board to guide our strategic planning. Next Steps Once staff receives the Board's direction on moving forward, staff will enter into negotiations with SunEdison, beginning Friday, April 25, 2014. If suitable terms can be negotiated, staff will return to the full Board later this summer to recommend a Power Purchase Agreement.