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.

16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2028 and beyond.

Read Next

January 8, 2026
ENGIE and Ampion added new solar capacity, Reactivate plans to build on landfill sites and Pivot has completed the first phase of a portfolio.
January 8, 2026
US renewables developer Adapture Renewables has secured US$233 million in tax equity from US Bank to support its 441MW Titanium solar PV project portfolio.
January 8, 2026
Solar manufacturing major Canadian Solar is looking to raise US$200 million in convertible senior note sales to support its US manufacturing operations
January 8, 2026
SunPower and the REC Group have unveiled a new 470W solar panel, dubbed 'Monolith', which is designed for use in the US residential sector.
January 7, 2026
Japanese cell and module manufacturer Toyo Solar has secured a supply agreement to source US-made polysilicon capacity.
January 7, 2026
Indian independent power producer Inox Clean Energy and its subsidiary Inox Solar have tied up equity totalling INR31 billion (US$340 million).

Upcoming Events

Solar Media Events
February 3, 2026
London, UK
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
November 24, 2026
Warsaw, Poland