Hawaiian Electric Corporation announced it had reached an agreement with EE Ewa LLC to buy electricity from the Palehua Wind project, the Honolulu Star Advertiser reported . The utility said the project is key to reaching the state’s goal of using 100 percent renewable energy by 2045.


Under the agreement filed with the state Public Utilities Commission, Hawaiian Electric would buy electricity for 10.9 cents per kilowatt hour over 22 years.
The farm is expected to be capable of generating about 150,000 megawatt hours of energy each year from 13 turbines. The project is planned on 6½ square kilometers owned by Gill ‘Ewa Lands LLC.

Shelee Kimura, Hawaiian Electric senior vice president for business development and strategic planning said: “Hawaii’s clean energy future depends on a diverse mix of renewable energy resources.”
In addition, Palehua Wind will be an important addition to the resources available on Oahu, providing lower cost energy for customers, a cleaner environment for our communities and supporting Gill ‘Ewa Lands stewardship.”

If approved, the project would be the fourth wind farm on Oahu. Palehua Wind is expected to be open operational by December 2022, pending permit and commission approvals.

The project aims to be more efficient than earlier ones by using the latest turbine technology, said Nick Henriksen, vice president of development for Eurus Energy America Corp.
Eurus Energy America Corporation is the parent company of EE Ewa LLC and the North American arm of Japan-based Eurus Energy Holdings.

Community Impact

The project’s sale of clean wind energy to Hawaiian Electric will help fund restoration work on more than 1,600 acres of land in the Palehua area, drastically reducing the risk of erosion and brushfires in the area. Not only that, the energy generated by this project has the potential to reduce the burning of fuel at area power plants in the future, improving air quality in our community.

It will provide long term economic benefits, energy security and job opportunities to the state of Hawaii.

Source: Honolulu Star Advertiser

Fulya Altunyay/realestatecoulisse.com

100% renewable energy, Hawaii investment, Hawaiian Electric Corporation

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