USContracted
Sheraton Waikiki
Honolulu, Hawaii · Cogeneration under Discount Energy Service
2.2 MW
Cogeneration
2 × 1.1 MW Jenbacher units
$500k+
Projected savings
Against the highest US tariffs
$9m+
Capital expenditure avoided
Plant replacement carried by the project
Contracted project scope
- 2.2 MW of cogeneration replacing a non-performing incumbent operator at a 1,653-room destination resort.
- Complete replacement of the property's thermal system, plus a major electrical upgrade.
- New building management system and emergency standby generator included in the package.
Value to the customer
- Over $500,000 a year of energy savings against the highest electricity tariffs in the US.
- More than $9m of capital expenditure avoided — the plant replacement is carried by the project, not the hotel.
- Take-or-pay structure with guaranteed performance and no operating risk for the owner.
Role
Fund, own and operate
Structure
Discount Energy Service, take-or-pay
Status
Executed December 2021
Counterparty Kyo-Ya Hotels & Resorts LP. A 1,653-room destination resort on Waikiki Beach.
Figures include operational results and modelled opportunities. Savings are project-specific, not guarantees of outcomes for new customers.