Under Planet Ark Power’s unique rental agreement, drawn up to meet Victorian Government procurement requirements, the solar systems are owned by contracted third-party energy finance consultancy, Green Squares Capital Solutions and designed, installed, operated and maintained by Planet Ark Power, at no capital cost to the college.
“We’ve entered into a rental agreement that has no upfront costs,” says Bayside College Principal, Andrew Harnett. “Planet Ark Power operates and maintains the systems, and the rent we’re paying is less than the cost of the electricity we’re offsetting! Working with Planet Ark Power has been a wonderful experience. There’s been little disruption to the school. They are organized, efficient, and know what they’re talking about. They’ve been very supportive.”
Bayside College’s system is on track to generate 167,000 kWh of electricity annually, adding up to 3,882,000 kWh over the next 25 years. That’s a reduction of 133 tons of carbon dioxide emissions each year – the equivalent of planting 444 trees over the life of the system.
- Bayside College Paisley Campus, Newport
98.01kW, 297 solar panels, 3 inverters
- Bayside College Altona North Campus
99.66kW, 302 solar panels, 3 inverters