Case Study
Arpin International: Rooftop Solar
Overview
Arpin International Group (“AIG”) is a leading, service-oriented international household goods moving and storage company with offices located throughout the world. AIG is the industry’s leader in sustainability efforts. AIG was hoping to incorporate more renewable energy into their operations, but was only able to find a solar facility with a marginal return on investment.
Copacity’s founder, Julian Dash, helped AIG negotiate with the solar installer and capitalize on all financing opportunities and incentives. With Dash’s expertise, AIG secured one of the best-performing capital investments in the company’s history.
Solar Project Summary
Location
W. Warwick, RI
System Size
175 kW
Annual Production
273,000 kWh
Interconnection
Net-Metered
O&M / Warranty
12 Years
Electric Needs
40%
The Challenge
When it came time to incorporate renewable energy into their corporate headquarters, AIG turned to the expertise of Julian Dash, who was working at the Rhode Island Renewable Energy Fund at the time. Prior to working with Dash, AIG was only able to identify a marginal return on investment in its proposed solar facility.
Copacity assisted Arpin in all aspects of our renewable energy investments, from project identification, developer selection, financing and incentives, and contract negotiations. Our renewable energy investments have proven to be some of the most profitable investments our firm has made, and Copacity has been a significant partner in achieving this success.”
Peter Arpin
Executive Vice President
Arpin International
The Solution
Dash worked with AIG to negotiate with its solar installer on project costs, warranties, insurance, and long-term operational agreements. Dash also advised AIG on how to best restructure its capital investment and maximize all incentives and financings available. As a result, the once-marginal project has become one of the strongest performing-capital investments the company has ever made.
Key Takeaway
Given the success, notably its financial returns, AIG and many of its business partners continue to work with Dash on renewable energy investments. For example, AIG installed a second solar facility on its warehousing building with the help of Dash. AIG also made one of the first investments in the Copacity platform.
Client Savings
1st Year Savings
$42,090
Lifetime Savings
$546,775
