October 5 (Solar) – US distributed energy resources provider EnSync Energy Inc (NYSEAMERICAN:ESNC) said Thursday it has sold a 20-year power purchase agreement (PPA) tied to a solar-plus-storage project in Hawaii.
The company, doing business as EnSync Energy Systems, inked the particular PPA with Kona Brewing Company in August 2018 and is now selling it to an undisclosed investor. The contract relates to a 336-kW roof-mounted photovoltaic (PV) system with a 122-kWh battery that will be installed at the beer company's new brewery in Kailua Kona early next year.
Kona Brewing estimates that the solar-plus-storage installation will allow it produce a peak output of 6,875 cans of beer per hour. Overall, it will meet one-quarter of the brewery's electricity needs.
EnSync Energy says it has contracted 27 commercial projects in Hawaii that will account for over USD 42.8 million in electricity sales over the terms of the deals.