Blue Earth to build 3.5 MW of solar projects in Hawaii
Aug 3, 2012 - US energy efficiency and green energy company Blue Earth Inc (OTC:BBLU) today said it had acquired the rights to build 3.5 MW direct current (DC) of solar photovoltaic (PV) systems in Hawaii.
The portfolio includes seven projects, mainly ground-mount systems, that are located on the island of Oahu and are valued at about USD 15 million (EUR 12m). Six of the projects qualify for the renewable energy tier 2 feed-in tariff of Hawaiian Electric Co, the company said.
Xnergy Inc, a wholly-owned subsidiary of Blue Earth, will act as the engineering, procurement and construction (EPC) provider for the projects. Work on two of the facilities is set to commence in the third quarter of 2012, with completion expected by the end of the same year. Installation of the other five systems is scheduled to start in the final quarter of 2012 and be completed in the first quarter of 2013.
Hawaii aims to obtain 40% of its energy from renewables by 2030 under the state's renewable portfolio standard.