Building Industry Magazine - November 2013 - (Page 73)

dck Presents Capital Solutions dck worldwide, parent company of dck pacific construction-one of Hawaii's largest full-service general contractors- announced the launch of dck Capital Solutions, offering an additional option to its clients in the President and Managing Director form of P3 Lee Ploszaj (public-private partnership) development and construction. Creating opportunities to use creative sources for funding, equity and expertise provides another way dck can help its clients solve construction challenges. This group within dck worldwide brings construction expertise, as well as a background in creative investment-based financing. Utilizing these skills and capabilities will allow dck to expand its ability to provide total solutions to its clients, now and in the future. Leading dck Capital Solutions will be Lee Ploszaj as president and managing director, and Larry Allen as vice president of development. "dck worldwide would like to welcome Lee and Larry to our team," said dck CEO and President Stephen D'Angelo. "We are very pleased and excited to have them join our organization and provide additional expertise that can be delivered to our clients to serve their needs. Vice President of Development We look Larry Allen forward to dck Capital Solutions playing a significant role in the strategic growth of dck worldwide." Hawaii Pacific Solar Wins Multi-Facility Project The County of Maui has awarded a contract to a group of companies led by Hawaii Pacific Solar LLC of Lahaina to install more multi-facility solar rooftop photovoltaic panels on community facilities. The project includes 18 sites on Molokai and Maui, including fire and police stations, water treatment plants, aquatic centers, community centers and other County facilities. Currently, the County is the largest generator of solar power on Maui, with installed systems at a present net value of more than $10 million in savings. "We will save taxpayer dollars because our starting price is lower than the MECO rate," said Mayor Alan Arakawa. "But just as important is the fact that the County demonstrate to the community how renewable energy can be used in ways that traditional fossil sources cannot." The project is the latest phase of the ongoing County solar rooftop PV project. Under the County solar program, the winning bidder pays for the cost of installing the PV and sells the power to the County under a Power Purchase Agreement (PPA). This arrangement allows a private party to take advantage of available tax credits for solar PV that the County could not use if it purchased panels directly. Hawaii Pacific offered the County a proposal with declining pricing, or price de-escalation. The price the County will pay for the power will drop every year for 20 years by 2.75 percent (from 23.4 cents kWh in the first year to 13.8 cents kWh in year 20). "Our first block of renewable energy was purchased using prices that rise by 2.5 percent annually," said Doug McLeod, Maui County Energy Commissioner. "Combining a block of power with inclining prices with a similarly sized block of power with declining prices creates a financial hedge. The County can be sure that for 20 years it will not face rising prices for the solar power it purchases." Over 23,000 since 1990 Precast Concrete Stair Treads visit: B uilding SyStemS H awaii .com www.buildingindustryhawaii.com | 73 http://www.BUILDINGSYSTEMSHAWAII.COM http://www.buildingindustryhawaii.com

Table of Contents for the Digital Edition of Building Industry Magazine - November 2013

MAUI How upbeat is the current situation on Maui?
PACIFIC BUILDING TRADE EXPO PROGRAM the entire event program
HAWAII’S LEADERS IN SOLAR a special advertising section features
NEWS BEAT Kinsella Heads Pacific Region
Late Senator Honored for Work on Rail
CRW Hawaii Celebrates 20 Years
Solar Power World’s 10 Best in Hawaii
DPP Wins Innovation Award for Online ePlans
Allied Builders Oversees Haleiwa Store Lots
Southland Mole JV Wins Sewer Tunnel Contract
PAMCA Installs New Board
HART Back on Track
dck Presents Capital Solutions
DEPARTMENTS Editor’s Corner & Datebook
Contracts Awarded
Low Bids
Best Practices Partnering: The Way to Build It Right from Ground Zero
Spotlight on Success: Ward Village Shops–Phase II
Concept to Completion: Kapalama Shopping Center Renovation
New Products
Newsmakers

Building Industry Magazine - November 2013