Innergex Renewable Energy has signed two 25-year power purchase agreements (PPAs) that provide a fixed price with the Hawaiian Electric Company for the power produced at the Barbers Point and Kahana solar and battery energy storage system (BESS) projects.
However, the agreements are subject to approval by the Public Utilities Commission of Hawaii.
Commenting on the development, Michel Letellier, President and Chief Executive Officer of Innergex, said that “we are excited to move forward on these two new solar and battery energy storage projects in Hawaii. The energy storage market is not only promising, it is paving the way to a sustainable and reliable renewable energy powered future.”
Letellier further added “energy storage technologies have improved significantly over the recent years, and it is changing the way utilities can service their customers. With four solar and energy storage projects under development in Hawaii, we are committed to becoming a strong partner in managing the renewable energy needs of Hawaiian Electric.”
Further, the two projects are expected to be commercially operational by 2023.
The two 25-year PPAs are for dispatchable energy, allowing Hawaiian Electric to dispatch the facilities as they deem appropriate to maintain grid stability and maximise renewable energy use on Oahu and Maui islands.
Meanwhile, the Barbers Point solar project is a 15 MW facility with 4-hour (60 MWh) of BESS that will be located on the island of Oahu, while the Kahana solar project is a 20 MW facility with 4-hour (80 MWh) of BESS to be located on the island of Maui.
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