HECO secures sub-11¢ PPAs for 110MW of solar

Facebook
Twitter
LinkedIn
Reddit
Email
Source: Flickr/Len Langevin

The Hawaiian Electric Company (HECO) will buy power from 110MW of new NRG-owned solar projects after state regulators approved the deal.

Power purchase agreements (PPAs) averaging US$0.108/kWh have been signed for the three projects, which were formerly SunEdison sites.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The 49MW Kawailoa Solar project will be the state’s largest. It is built on land owned by the Kamehameha School near Waialua. The school’s land is also home to an existing 69MW wind farm. 

The other two projects are the 45.9MW Waipio Solar project, also near Waiawa, and Lanikuhana Solar (14.7MW) near Mililani.

The three sites originally belonged to SunEdison but were acquired by NRG in November 2016 as part of the former’s bankruptcy proceedings. HECO cancelled the previous PPAs with SunEdison when project milestones were missed and negotiated lower rates with the new owners.

Read Next

October 29, 2026
Nextpower has reported net income of US$165 million and revenue of over US$1.1 billion in its results for the quarter ending 2 October.
October 29, 2026
First Solar has inaugurated the first 1.7GW phase of its US$330 million manufacturing facility in Gaffney, Cherokee County, South Carolina.
October 29, 2026
Illinois solar sector has seen developments involving Arevon, Standard Solar, Generate Capital and TurningPoint Energy.
October 28, 2026
Enphase Energy has reported Q3 revenue of US$293.3 million, up less than 1% from US$291.9 million in the previous quarter.
October 28, 2026
Corning reported a 37% year-on-year increase in solar segment sales to US$436 million in the third quarter of 2026.
October 28, 2026
Maryland governor Wes Moore has announced the launch of 'Megawatts for Maryland', a US$200 million clean energy auction programme.

Upcoming Events

Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye