Solar PPA Bid Evaluation Report

Description

CRANFORD PUBLIC SCHOOLS SOLAR PPA BID EVALUATION REPORT Cranford Public Schools 132 Thomas St Cranford, NJ 07016 Evaluation Report TO: Cranford Public Schools FROM: DCO Energy DATE: February 10th, 2025 RE: PPA Evaluation Report ================================================================== INTRODUCTION On December 12 2024, the Board issued a RFP requesting proposals from qualified proposers for a Power Purchase Agreement (“PPA”) utilizing photovoltaic electricity generation. The procurement has been conducted on a competitive contracting basis pursuant to N.J.S.A. 18A:18A-4.1et seq. The terms of the PPA are set forth in the RFP, which is on file and available at the District office and is incorporated herein by reference. The RFP set eight (8) district sites for solar installation. Those sites are as follows: BUILDINGS & FACILITIES BUILDING # BUILDING/FACILITY NAME ADDRESS SQFT 1 2 3 4 5 6 7 8 Bloomingdale Avenue School Brookside Place School Cranford High School Hillside Avenue School Lincoln School Livingston Avenue School Orange Avenue School Walnut Avenue School 200 Bloomingdale Ave, Cranford, NJ 07016 700 Brookside Pl, Cranford, NJ 07016 201 West End Pl, Cranford, NJ 07016 125 Hillside Ave, Cranford, NJ 07016 132 Thomas St, Cranford, NJ 07016 75 Livingston Ave, Cranford, NJ 07016 901 Orange Ave, Cranford, NJ 07016 370 Walnut Ave, Cranford, NJ 07016 26,000 39,080 247,000 99,070 59,185 29,915 99,070 36,595 Technical advice and analysis was provided to Cranford Public Schools by DCO Energy “DCO”, the District’s ESCO. DCO performed the Overall Economic Benefit to the Board calculations set forth herein. I. PROPOSAL SUBMISSIONS There were three (3) proposals submitted prior to the due date and time of January 24, 2025 by two (2) companies. Proposals were received from: 1. HESP Solar (“HESP”) 2. Advanced Solar Products (“ASP”) 2 Cranford Public Schools 132 Thomas St Cranford, NJ 07016 II. AWARD CRITERIA If an award is made, Cranford Public Schools is required to select the proposal that is both responsive and most advantageous to Cranford Public Schools, price and other factors considered, under the criteria stated in the RFP. By way of summary, the RFP listed the following factors and their relative percentage weights: EVALUATION CRITERIA Section I - Provider Profile and Section II - Scope of Services and Schedule Section III - PPA Financing Section IV – Educational Value III.