Direct Energy Celebrates First Distributed Solar Customer
March 24,2014
Direct Energy recently celebrated the installation of distributed solar at a BJ'S Wholesale Club in North Brunswick, New Jersey, in what was the first customer under Direct Energy Business' partnership with SolarCity
The companies are providing the BJ's club with solar electricity through a 20-year power purchase agreement (PPA), which is part of the dedicated investment fund capable of financing up to $124 million in solar projects created by Direct Energy and SolarCity last fall (click for details)
Based on the current design and the historical energy usage at the North Brunswick BJ's site, SolarCity expects BJ's to pay more than 10 percent below current utility rates for solar electricity
On-site, solar will cover 18 percent of the facility's annual energy use. Direct Energy Business will supply the remaining 82 percent through its PowerPortfolio product.