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

June 12, 2026
US independent power producer (IPP) Cypress Creek Energy has secured US$3.5 billion in financing to support the development of a 1.63GW/1.9GWh solar-plus-storage project in Arkansas.
June 11, 2026
The ongoing permitting challenge is a key factor slowing down solar manufacturing and deployment in the US, according to T1 Energy’s CEO, Dan Barcelo.
Premium
June 11, 2026
T1 Energy's CEO Dan Barcelo explains his optimism about US solar manufacturing and how it can deliver on the power demand growth.
June 11, 2026
GoldenPeaks Poland Holding has filed for Chapter 11 bankruptcy protection in the US after a severe liquidity crunch.
June 10, 2026
New figures from SEIA and Wood Mackenzie reveal that solar and storage accounted for 91% of new additions to the US grid in Q1 2026.
June 10, 2026
Brookfield and Mitsubishi HC Capital have formed a JV anchored by a 570MW European portfolio valued at approximately US$462 million.

Upcoming Events

Solar Media Events
June 16, 2026
Napa, USA
Media Partners, Solar Media Events
June 30, 2026
Sacramento, California
Media Partners, Solar Media Events
August 25, 2026
São Paulo, Brazil
Media Partners, Solar Media Events
September 1, 2026
Mexico City, Mexico
Media Partners, Solar Media Events
September 9, 2026