EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems, a leading developer of innovative distributed energy resources (DERs), announced the sale of a 20-year power purchase agreement (PPA) with Hawai'i Pacific University (HPU) to an undisclosed investor. The PPA will provide HPU's Aloha Tower Marketplace with a total photovoltaic (PV) system capacity of 660 kilowatts (kw), making it the largest set of solar installations in downtown Honolulu upon completion.

"Hawaii is firmly committed to the clean energy transition, and we're proud to contribute to the state's ambitious goals with technology and financing that make it easy," said Dan Nordloh, executive vice president of EnSync Energy. "This PPA will deliver cost savings and reliable energy to the University and Aloha Tower Marketplace's many residents and visitors."

First constructed in 1926, the iconic Aloha Tower now anchors a mixed-use development of university student residences, community spaces, administrative offices and restaurants.

The Phase 1 PPA was first commissioned in July 2017 for an initial installation of a 310 kw PV system. EnSync Energy recently announced a Phase 2 expansion of 350 kw in solar capacity to the system. The terms of the PPA provide HPU flexibility for a third phase, if desired. 

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. Construction of both phases for Aloha Tower Marketplace is expected to be completed by early 2019. 

EnSync | www.ensync.com