Two executives from Siemens Government Technologies and Bostonia Partners have co-authored a case study regarding renewable energy for military installations.
The “Renewable Energy Financing Under ESPC Authority at the White Sands Missile Range” study was written by Bostonia Partners’ Peter Flynn and Siemens’ Joe Bonnin, Bostonia announced.
A renewable energy project managed by Siemens at the White Sands Missile Range in New Mexico is intended to yield approximately $44 million in savings over the program’s 25-year contract term.
“This project, a “first of its kind” transaction, was made possible through a strategic alliance between SGT and Bostonia, which provided third‐party financing, construction through operations, through the innovative use of an ESPC that included an Energy Services Agreement,” an excerpt of the case study says.
Flynn and Bonnin write that the project also shifted the risks of ownership to the private sector from the U.S. Army.