in News Departments > New & Noteworthy
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.



Hse SandyHook
Latest Top Stories

NERC CIP Version 5: Security In The Age Of Cyber Warfare

An expert from Waterfall Security Solutions finds that the latest standards are a leap forward for cybersecurity.


Does Income Determine Who Benefits The Most From Smart Grids?

According to the Smart Grid Consumer Collaborative, low-income consumers may be at a disadvantage.


Accenture And Siemens Form Smart Grid Joint Venture

OMNETRIC Group will help utilities improve energy efficiency, grid operations and reliability.


Maine Public Utilities Commission: Smart Meters Are Safe

According to a report by the commission, there is no direct link between smart meters and health issues.


Report: Global Solar Deployment Topped Wind In 2013

Research firm Clean Edge finds that solar surpassed wind for the first time since it began tracking international markets in 2000.

S&C Electric_id176
edf_id