Hawaii approves 15-MW solar park with storage on Maui
One of Hawaii's existing solar power plants. Author: Official US Navy Page. License: Creative Commons: Attribution 2.0 Generic
Hawaiian Electric Company Inc earlier this week said that a 15-MW solar scheme with 60 MWh of storage capacity on Maui has been approved by the Hawaii Public Utilities Commission (PUC).
The Paeahu Solar project located in south Maui, is being developed by Canada-based Innergex Renewable Energy Inc (TSE:INE). The plant is to become operational in 2023, generating enough power to supply about 6,900 local households.
Hawaiian Electric will buy the electricity produced by the park for USD 0.12 (EUR 0.10) per kWh under a 25-year power purchase agreement (PPA). A typical residential customer on Maui can expect to see a reduction of about USD 3 to their monthly electricity bill when Paeahu Solar is fully online, thanks to the low price of the solar electricity.
The utility also said that the 60-MW AES Kuihelani solar project with 240 MWh of storage in central Maui has also been approved. Two more projects on Maui, one by Longroad Development and another one by Innergex, are currently under review.