Hawaiian Electric Companies ask approval to seek new renewable generation for Oahu, Maui, and Hawaii Island
Would be largest addition of variable renewables for our islands
Release Date: 2/9/2018
HONOLULU, Feb. 9, 2018 - To continue progress toward achieving clean energy for Hawaii, -- Hawaiian Electric, Maui Electric and Hawaii Electric Light Companies are asking the Public Utilities Commission for approval to seek new renewable projects for Oahu, Maui and Hawaii Island.
The Companies are asking the PUC for the go-ahead to issue request for proposals (RFP) to competitively procure the most variable renewable resources to be developed at one time in Hawaii. In line with the Power Supply Improvement Plan (PSIP) accepted by regulators in July 2017, and later guidance, those resources include :
- 220 megawatts (MW) for Oahu
- 60 MW for the island of Maui
- 20 MW for Hawaii Island
The RFP does not designate what renewable technologies may be proposed. Developers have the option to include energy storage in their bids.
The process is designed so developers can take advantage of investment tax credits to lower costs for customers, before credits decline or expire in coming years. The contracts, known as power purchase agreements (PPA), will be designed to address the unique challenges of operating island grids with high concentrations of renewables.
"Opening the door to the next addition of new renewable energy is an exciting next step," said Shelee Kimura, Hawaiian Electric senior vice president of business development and strategic planning. "These projects will contribute to our goal of lower costs for customers and creating sustainable communities."
See the RFPs awaiting approval: www.hawaiianelectric.com/competitivebidding