DSD Partners with Rutgers University to Install 14.5 MW of Parking Lot Solar

The 16 solar canopy installations will help Rutgers towards its goal of carbon neutrality by 2040 and save on energy costs

SCHENECTADY, N.Y. — June 21, 2023 — DSD Renewables (DSD) has been selected by Rutgers University to install 16 solar carport canopies, totaling 14.5 MW, in parking lots across the university’s multiple campuses.

This is the first major sustainability initiative to roll out since University President Jonathan Holloway announced the university’s commitment to a Climate Action Plan in September 2021. The project, expected to generate 18 GWh of clean electricity annually, will push Rutgers towards its goal of achieving carbon neutrality by 2040, and will significantly add to the existing inventory of solar canopies that currently cover 33 acres of the Livingston Campus.

“Beyond the obvious environmental and societal benefits aligning with the recommendations and objectives of the Rutgers Climate Task Force and the work they are doing, just as important, is that lowering our utilities’ costs will have a positive downstream effect benefiting our students and their families with respect to the cost of attending Rutgers,” said Antonio Calcado, Executive Vice President and Chief Operating Officer.

The project, expected to generate 18 GWh of clean electricity annually, will push Rutgers towards its goal of achieving carbon neutrality by 2040

At no upfront cost to the university, the projects are being financed through a power purchase agreement (PPA), in which DSD will design, build, own, operate, and maintain the solar canopies across campuses for a 15-year term. Over that time, the generated power will be purchased by Rutgers Division of Institutional Planning and Operations (IP&O) at a significantly discounted rate compared to the local utility.

“It’s an unconventional project in that we are not spending university funds, but accruing significant benefits,” said Frank Wong, IP&O’s Assistant Vice President, University Planning and Development. “The project will significantly reduce our energy costs over time and be a visible sign of our ongoing sustainability efforts.”

“Under the power purchase agreement, we buy the electricity at a predetermined cost,” explained Michael Kornitas, IP&O’s Director, Sustainability and Energy. “Because there are no transportation costs associated with delivering solar power to the university, the kWh cost is greatly reduced.”

Construction is currently underway across several of the university’s campus parking lots, and the projects are expected to be complete in late 2023. Once complete, the carports will create shaded parking lot coverage, reducing urban heat island effects of surface parking lots and providing cover from snowfall/precipitation during winter months, while providing clean energy to university buildings and operations.

“Having the opportunity to work with such a well-known and highly regarded university, such as Rutgers, is an honor,” says Kevin Brooks, Senior Director, Origination at DSD. “This is an exciting portfolio of projects that will provide Rutgers students across five campuses with access to renewable energy, and will ultimately bring the university closer to its sustainability goals while saving money on electricity.”

DSD was awarded the project through a competitive bidding process, and was ultimately chosen based on its deep experience in developing large scale solar solutions for MUSH market customers.