EnSync Energy Announces Sale of PPA for Honolulu Apartment Building in US

This photovoltaic PPA is the first of a two-part energy strategy rollout for the apartment building, with plans to finalize an additional PPA with EnSync Energy to install a solar water heater.

EnSync, a leading developer of innovative distributed energy resources (DERs), has announced the sale of a 20-year power purchase agreement (PPA) with Nuuanu Terrace to an undisclosed investor. The PPA offers the Honolulu apartment building with three dozen units affordable energy and cost savings during the 20-year agreement period.

This photovoltaic PPA is the first of a two-part energy strategy rollout for the apartment building, with plans to finalize an additional PPA with EnSync Energy to install a solar water heater.

EnSync Energy’s tailored project development and financing support enables investors and local energy consumers to commit to clean energy cost savings while furthering Hawaii’s state goal to achieve 100 percent renewable energy by 2045. EnSync Energy has contracted 25 commercial projects in Hawaii, which will account for more than $35 million in electricity sales over the terms of the agreements.