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 23, 2026
New Jersey representative Rob Menendez has introduced the Socket Full of Sunshine Act, the first federal-level bill to support plug-in solar.
October 23, 2026
The average price of a solar PPA in Europe increased 0.4% between the second and third quarters of 2026, according to LevelTen Energy.
October 23, 2026
Deriva Energy has announced the close of approximately US$540 million in financing for its 350MW Sullivan County Power Project.
October 22, 2026
NextEra Energy recorded a 9.7% increase in its net earnings in Q3 2026, with earnings up 9.5% in the nine months to date this year.
October 22, 2026
Kendall Sustainable Infrastructure (KSI) has started operating three community solar projects totalling 15.8MWdc across New York and Oregon.
October 21, 2026
Solar power generation facilities can be exposed to risks from the effects of hailstorms, snow and typhoons, according to kWh Analytics.

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