Hawaiian Electric Company’s application to buy renewable energy from three new solar facilities to be built and operated by NRG Energy, Inc. has been approved by the Hawaii Public Utilities Commission. The projects, expected to be in service no later than the end of 2019, are:
On average, the electricity will be priced at 10.8 cents per kilowatt hour, one of the lowest renewable project costs in the state. Hawaiian Electric takes no mark-up or profit on electricity purchased from independent power producers. Together, the nearly 110 megawatts of solar generation will increase Hawaiian Electric’s renewable portfolio progress by 3 percentage points.
The three projects were originally proposed by SunEdison and were acquired by NRG in November 2016 during SunEdison’s bankruptcy proceedings. Hawaiian Electric had previously terminated its contracts for the projects due to SunEdison missing contract milestones. Once NRG acquired the projects, Hawaiian Electric negotiated new prices that are lower than those negotiated with SunEdison, with the savings to be passed on to customers.
Input your address to see if it is solar friendly and how much you can save with solar.
Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.
kw System size | years Payback period | Lifetime savings |
No money down, 100% finance is available.
Comments