Dandan will generate 25MW of power, enough energy to supply 10,000 homes and offset consumption of almost 2 million barrels of fuel oil and diesel. The electricity generated by the facility will be sold to the Guam Power Authority, the island’s sole electric utility, through two 25-year power purchase agreements. The project is in line with Guam’s strategic renewable energy goals by 2015.
“Guam is taking a strong step forward in realizing its sustainability goals, both from an environmental and economic point of view” said Joaquin C. Flores, general manager, Guam Power Authority. “We look forward to seeing the facility completed and observing how it will serve as a catalyst for more interest in renewable energy on the island.”
NRG Solar is aiming to become one of the world’s foremost clean energy companies by spearheading innovative financing and procurement strategies directed at driving down costs. The Dandan facility will pave the way for other renewable energy opportunities in the region according to NRG Solar CEO and President Tom Doyle.
The project is being assisted by Boeing which will provide engineering, procurement and construction expertise, aimed at opening up a new global market outside its core business. At present, due to its isolated position in the South Pacific, Guam depends on oil and diesel imports in order to generate all of its energy. The Dandan project will save the island an estimated $300 million in total fuel costs while cutting annual carbon dioxide emissions by more than 40,000 metric tons.
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