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

August 1, 2017
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

Premium
March 13, 2026
PV Talk: According to kWh Analytics' Jason Kaminsky, 'there’s more capital available for risk and risk exposure' in the present investment environment.
March 13, 2026
US-based tracker manufacturer FTC Solar has signed a 1GW solar tracker supply agreement with solar and storage developer Strata Clean Energy.
March 13, 2026
Impacted by the "One Big Beautiful Bill Act", a Chinese PV company with a US factory has opted to exit the local market by selling its US subsidiary.
Premium
March 12, 2026
PV Talk: 'The US is entering a pivotal moment for domestic solar manufacturing,' Swift Solar CEO Joel Jean told PV Tech Premium this week.
March 12, 2026
Primergy, launched by Quinbrook Infrastructure Partners, has secured a US$760 million refinancing for its Gemini Solar and Storage Project in Clark County, Nevada.
March 12, 2026
Perovskite-silicon tandem cell manufacturer Swift Solar has acquired manufacturing assets formerly belonging to Meyer Burger.

Upcoming Events

Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain