Item No: 6d_Supp 
Meeting Date: December 12, 2017 

Solar Implementation at Pier 69

Port Century Agenda Goals 
Be the greenest, and most energy efficient port in North
America 
Meet all increased energy needs through conservation and
renewable sources. 
Economic and Social 
Promote small business growth and workforce
development 

Project aligns directly with Century Agenda goals 
2

Project Summary 
Total      Department of   Net Cost to   Electricity    Electricity    Annual 
Scale        Estimated     Commerce     the Port     Produced    Value/yr.     MtCO2
Costs         Grant                  kWh/Yr.               reduced 
100KW      $515,000     $182,500     $332,500    100,000     $11,000     1.5 Mt 





Location, building structure, utility service and Incentivization influence project siting 
3

Benefits 
Reduces 49.5 MtCO2 over project life 
Reduces operating costs at P69 
Positive public perception of promoting renewable energy
technologies 
Supports 7 clean tech jobs by using in-state sourced solar
panels and local installation contractors 


P69 is an economically and environmental feasible renewable energy project 
4

Cost Estimates and Financial
Analysis 
Total Project Cost                $515,000 
Expected  Grant  Reimbursement  ($182,500) 
(50% of construction costs) 
Total Cost to the Port             $332,500 
Project life                     33 years 
Payback period               24 to 30 years ( @3% to 5% growth rates in gridbased
electricity cost) 
NOI after depreciation           $2,000 to $11,000 annually 
IRR                        3.4% to 4.7% 
NPV (@7.6% discount rate)        ($149,000) to ($203,000) 
Financial Details 
5

Contracting Method and Schedule 
Building Engineering Systems (BES) Contract 
Based on lessons learned from pilot project at FT 
Port will provide performance specs and contractor will
design and construct 
Opportunities for efficiency, quality, and innovation 
Schedule 
Q1/2018: Advertise, award, and execute BES contract 
Q2-Q3/2018: Design and construction 
Q4/2018: Project closeout 

Implementation Details 
6

Questions 


7