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Hawaiian Electric, NRG Energy strike deal on 3rd Oahu solar farm

from Pacific Business News

Hawaiian Electric Co. and New Jersey-based NRG Energy Inc. have struck a deal on a power purchase agreement for the Honolulu-based utility to buy power from the Kawailoa Solar farm on Oahu’s North Shore, the two companies said Monday. When finished, the 49-megawatt project near Haleiwa will be the largest of its kind in the state. It will provide power at nearly 11 cents per kilowatt-hour with the use of the state's tax credit. The deal still needs the approval from the Hawaii Public Utilities Commission. more

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