Pacific Energy Solutions seals USD-334m solar PPA in Hawaii
Aug 5, 2014 - US renewable project developer Pacific Energy Solutions (PES) said Monday it had sealed a USD-334.1-million (EUR 249m) power purchase agreement (PPA) to supply about 30,400 MWh of solar power annually to the US Navy in Hawaii.
Under the 25-year deal, PES will install 68,645 photovoltaic (PV) modules at 14 locations on the island of Oahu. Among them will be a utility-scale park on the Waipio Peninsula, expected to be the biggest power generation park in Hawaii once completed. The solar plants will generate electricity for the operations of the US Navy, US Marine Corps and Air Force.
When up and running, the PV facilities are expected to save 20,000 tonnes of carbon dioxide (CO2) emissions each year, PES estimates.
The Department of Defence aims to deploy 3 GW of renewable energy capacity at military sites and derive 25% of its total power needs from independent renewable energy sources by 2025. The Navy has committed to install 1 GW of renewable energy capacity by 2020.
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.