EnSync Energy sells two commercial solar PPAs in Hawaii

InSync, a developer of distributed energy resources (DERs), announced the sale of 20-year power purchase agreements (PPA) with the tourist destination Polynesian Cultural Center and the community organization Kohala Village HUB to undisclosed investors. The PPA for the Polynesian Cultural Center, a nonprofit 501(c)(3) organization established to preserve and portray the cultures, arts, and crafts of Polynesia, will finance a set of photovoltaic and inverter systems totaling 413 kW, with the flexibility to install additional systems and features. The agreement marks the first commercial on-bill financing project in Hawaii using the Hawaii Green Infrastructure Authority’s recently launched Green Energy Money $aver (GEM$) On-Bill program. In April, Hawaiian regulators approved this innovative on-bill repayment mechanism that enables ratepayers to shift to energy efficiency and renewable energy sources using a non-traditional financing mechanism.

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