Schneider Electric and Sun Chemical have signed a 20-year power purchase agreement (PPA) that will enable the manufacturer to reduce electricity costs by about $400,000 at its Carlstadt, N.J., production facility.
The press release says that Schneider Electric “helped structure and broker” the project. Onyx Renewables will design, install, own and operate the arrays. It will sell the electricity that is produced to Sun Chemical at rates below what currently is being charged by its utility.
The PPA emerged from Sun Chemical’s sustainability policy, which requires a data-driven approach for efficiency and environmental improvements, the press release says. Sun Chemical brought in Schneider Electric, which conducted a bid analysis for the onsite PPA and helped negotiate the contract and secure credit.
On February 28, East Windsor, N.J. announced that a 448 KW solar installation servicing the municipality’s police and court building is operational. The construction and operation of the system is under a PPA between East Windsor and Altus Power America. The solar array is expected to offset almost 100 percent of the energy needs of the building. It is expected to save about $528,000 during the 15 year term of the agreement, the township says.