1. Green Ribbon Commission BU Renewable Energy Strategy June 15, 2015

2. StrategyThe Market Our Opportunity

3. StrategyThe Market Our Opportunity

4. StrategyThe Market Top 15 Universities Institution Green Power UsageGreen PowerResources (kWh/yr)% of Total Electricity Use 1 University of Pennsylvania 200,183,00051%Wind 2 Georgetown University 152,370,500130%Various 3 University of Oklahoma 134,898,60076%Wind 4 The Ohio State University 133,631,36923%Wind 5 Carnegie Mellon University 115,637,46698%Solar, Wind 6 Oklahoma State University 100,360,03971%Wind 7 Northwestern University 96,720,80038%Solar, Wind 8 Drexel University 96,678,000100%Solar, Wind 9 University of Utah 85,926,10028%Solar, Wind 10 University of Tennessee, Knoxville 80,020,00032%Biogas, Small-hydro, Solar, Wind 11 University at Buffalo 78,392,00036%Solar 12 University of Wisconsin 68,673,74015%Wind 13 The City University of New York 64,000,00015%Wind 14 University of Missouri 56,963,93522%Biomass, Solar, Wind 15 American University 56,315,885113%Solar, Wind 100% of Demand 50% of Demand 30% of Demand Our Opportunity Source: EPAEPA

5. StrategyThe Market State of Solar

6. $ 3 /Watt 2013 Average System Price StrategyThe Market State of Solar System Pricing Source: GreentechSolarGreentechSolar

7. StrategyThe Market State of Solar US Generation 36 % Solar of New US Generation In Q1-Q3 of 2014 Source: SEIASEIA

8. StrategyThe Market State of Solar Renewable Energy Source: US EIAUS EIA Generating Capacity for Solar PV in the Northeast 30% Investment Tax Credit

9. StrategyThe Market State of Solar Renewable Energy Source: US EIAUS EIA Generating Capacity for Wind in the Northeast 30% Investment Tax Credit

10. StrategyThe Market State of Solar Boston Properties 5 weeks 113 mtCO 2 e $ 1580 savings/week 950 Winter Street Waltham, MA

11. Strategy The Market State of Solar

12. Strategy The Market Considerations Financial Model  Build/Own/Maintain  Power Purchase Agreement (PPA)

13. State of Solar Strategy The Market Considerations Financial Model  Build/Own/Maintain  Power Purchase Agreement (PPA)  No Upfront Cost  Immediate Savings  Buy the Power  Long Term Agreement  Enable Project Financing

14. State of Solar Strategy The Market Considerations Financial Model  Build/Own/Maintain  Power Purchase Agreement (PPA)  Initial Cost/kWh  Escalation Rate  Price Floor  Buyout Schedule  Incentives  Risk

15. State of Solar Strategy The Market Considerations Renewables On Site  Solar  Wind Renewables Off Site  Inside MA  Inside NE  Outside NE

16. Strategy State of Solar The Market

17. State of Solar Strategy The Market Drivers 1.Reduce Annual Elect. Costs 2.Reduce Exposure to Price Volatility 3.Retain Renewable Energy Credits  Where possible 4.Maximize Value through Aggregation

18. State of Solar Strategy The Market Process Learning Curve  Proactive vs Reactive  AASHE  SSCC  NECSC  DOER  EPA Green Power  Peers  Developers  Brokers  Boston Properties

19. State of Solar Strategy The Market Feasibility Study  Bldg. by Bldg. Evaluation  Solar Resource  Interconnection  Infrastructure  Roof Condition  Structural Capacity  PV System Reqs.  Balance of System Reqs.  Economic Analysis Process

20. State of Solar Strategy The Market Three RFPs 1.CRC 2.BUMC/BMC 3.Large Off Site Process

21. State of Solar Strategy The Market Developing Projects Feasibility Study  Phase I1.7MW  Phase II2.0MW

22. State of Solar Strategy The Market 100 Ashford Street  750 kW Roof-mounted  790,000 kWh Annually Developing Projects

23. State of Solar Strategy The Market CILSE  112 kW Roof-mounted  140,000 kWh Annually Developing Projects

24. State of Solar Strategy The Market BUMC/BMC  610 Albany0.53MW  710 Albany0.45MW Developing Projects

25. State of Solar Strategy The Market Large Scale Off Site  American/GW Example  OSU Example  GRC Renewable Energy Purchasing Network Developing Projects Source: American UniversityAmerican University Source: Ohio State UniversityOhio State University

26. Institution Green Power UsageGreen PowerResources (kWh/yr)% of Total Electricity Use 1 University of Pennsylvania 200,183,00051%Wind 2 Georgetown University 152,370,500130%Various 3 University of Oklahoma 134,898,60076%Wind 4 The Ohio State University 133,631,36923%Wind 5 Carnegie Mellon University 115,637,46698%Solar, Wind 6 Oklahoma State University 100,360,03971%Wind 7 Northwestern University 96,720,80038%Solar, Wind 8 Drexel University 96,678,000100%Solar, Wind 9 University of Utah 85,926,10028%Solar, Wind 10 University of Tennessee, Knoxville 80,020,00032%Biogas, Small-hydro, Solar, Wind 11 University at Buffalo 78,392,00036%Solar 12 University of Wisconsin 68,673,74015%Wind 13 The City University of New York 64,000,00015%Wind 14 University of Missouri 56,963,93522%Biomass, Solar, Wind 15 American University 56,315,885113%Solar, Wind 100% of Demand 50% of Demand 30% of Demand GHG Reduction Annual Savings Total Saving 63%$1.5 – $3.5 Million $38 - $88 Million 44%$0.6 - $1.7 Million $14 - $44 Million 36%$0.4 - $0.8 Million $8 - $20 Million Source: EPAEPASource: CFR w/BU analysis GHG Reduction Annual Savings Total Saving GHG Reduction Annual Savings Total Saving State of Solar Strategy The Market Scale of Opportunity

27. sustainability@BU.edu