Hawaiian Electric seeks regulatory nod for 15-MW solar scheme
Oct 25, 2013 - US utility Hawaiian Electric Co (OTCMKTS:HAWEL), or HECO, said on Thursday it had submitted for approval its 15-MW solar project, on the Hawaiian island of Oahu, with the Hawaii Public Utilities Commission.
Hawaiian Electric Co (HECO), a division of Hawaiian Electric Industries Inc (NYSE:HE), has proposed to build the solar power facility on 50 acres (20 ha) of undeveloped land in Oahu. SolarCity Corp (NASDAQ:SCTY) will be in charge of building the installation.
Once operational, the system is expected to lower the utility's power production costs by USD 64 million (EUR 46.4m) during its lifetime, while saving about 1.8 million gallons (6.8 million litres) of fuel oil per year, the developer calculates.
The photovoltaic (PV) park, pending regulatory clearance, is scheduled to kick off operations by the end of 2015. It will be owned and operated by Hawaiian Electric.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.