in News Departments > FYI
print the content item

Hawaiian Electric Co. (HECO) says it has asked the Public Utilities Commission (PUC) to waive a competitive-bid requirement in order to quickly negotiate with five "low-cost" renewable energy projects in Oahu.

If the PUC approves, HECO will negotiate power purchase agreements (PPAs) directly with the developers of the five projects, which include a mix of solar and wind technologies across Oahu with a combined capacity of 64 MW. HECO anticipates negotiating long term, 20-year contracts with each project.

Combined, the projects have committed to sell electricity to HECO at an average price of $0.159/kWh. The utility says this is about one-third less than prices paid to existing solar and wind energy projects on Oahu and the current cost of generating electricity from oil. After PPAs are negotiated, each one must be submitted to the PUC for individual review and approval before it goes forward.




Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032