People’s Alliance
Federal Credit Union
We Put People First, Even In Our Name!
Cash Services Located in the JFK Airport
Building 14 West Wing • Room 4A
www.pafcu.org • (718) 656-1774
Brooklyn, NY • Brooklyn, NY • Hauppauge, NY • Jamaica, NY
(718) 643-4506 (718) 797-2988 (631-434-3500 (718) 206-4600
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Miami, FL • Ronkonkoma, NY • Westbury, NY • Yonkers, NY
(305) 261-1255 (631) 580-3702 (516) 832-8100 (914) 963-1370
AIRPORT VOICE, JANUARY 2021 13
Solar carport
canopy at JFK
AirTrain, local resident credits
At it’s January Port Authority
Board of Commissioners, the
Board authorized agreements for
the development, construction and
operation of a carport canopy with
solar panels on top and a battery
storage system at Long-Term Parking
Lot 9 at JFK. The project provides
important benefi ts to the local
community, as a portion of the
installation’s electricity output
would be made available for low-
and moderate-income residents
in the surrounding communities
at reduced overall electricity costs
bycredits through New York State’s
Community Solar Program.
The project team is composed of
SunPower Corporation (SunPower),
which would deliver the project,
and Goldman Sachs Renewable
Power LLC (Goldman Sachs), which
would fi nance the project. The Port
Authority would subscribe for 40 percent
of the output delivered to the
grid, and in exchange would receive
certain credits.
The Port would enter into the
following four agreements, each
with a 25-year term: (1) a Host
Site Agreement with a SunPower
entity for the construction and operation
of the BTM section of the
project; (2) a Host Site Agreement
with a SunPower entity for the construction
and operation of the second
section of the project, which
would deliver electricity to the
grid; (3) a Subscriber Agreement
with a Goldman Sachs entity, assigning
to the Port Authority approximately
40 percent of the solar
electricity delivered to the grid; and
(4) a Power Sales Agreement with
the NYPA for the purchase of electricity
from the BTM project.
At the conclusion of the initial
25-year term, the Port would have
the option of exercising a term
extension, exiting the agreement
and having the property returned
to its original condition, or possibly,
purchase the system at fair
market value. There would be no
upfront costs to the Port Authority
for this project.
He has a point there! Port Authority Rick Cotton inside Terminal B at La Guardia airport points to an image of what the New LaGuardia will look like upon completion in 2025. Not shown
is the proposed Airtrain with connections to the Long Island RailRoad and the New York City Subway, to provide a 30-minute ride from Midtown Manhattan. Photo by Jeff Yapalater
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