Our Clean Energy Portfolio
2023 Report on Green Bond
The entire proceeds from the Hawaiian Electric Company, Inc. $50 million Senior Notes, Series 2020A (“Green Bond”) funded the West Loch PV Project (a 20 MW grid-tied, as-available, renewable PV generation system).
| West Loch PV generation in 2023 | |
|---|---|
| Generation (MWh) | 40,308 |
| Oahu Sales (MWh) | 6,138,100 |
| Consolidated Hawaiian Electric Sales (MWh) | 8,226,638 |
| Oahu RPS Contribution (%)1 | 0.7% |
| Consolidated RPS Contribution (%)1 | 0.5% |
Return to Green Bond Framework
1 In July 2022, Governor Ige signed Act 240 that amended the RPS calculation from a percentage of sales to a percentage of generation. For consistency with prior reporting, the RPS provided herein continues to use the percentage of sales definition.
