1 March 2013 (Renew Grid)
“Hawaiian Electric Co. [HECO] says it is seeking qualified utility-scale renewable energy projects that developers can place into service quickly at a low cost per kilowatt-hour. If one or more such projects are identified, the utility will work with the developer to seek a waiver from the Hawaii Public Utilities Commission (PUC) Competitive Bidding Framework. “To qualify to seek a waiver, a project must be located on Oahu and be larger than 5 MW. It can use any viable renewable technology, including wind or solar. The project must also meet all applicable archaeological, environmental and construction permitting requirements.”
click to enlarge“In addition to the waiver from competitive bidding, Hawaiian Electric and any developer selected must negotiate a power purchase agreement that will be subject to PUC approval. The goal is to have one or more such projects in service by 2015. “…[HECO believes] renewable energy on long-term, fixed-price contracts [can cut its ratepayers bills and believes] there may be projects substantially ready to go that can be built quickly and at a cost that can help reduce our heavy dependency on fossil fuels…”
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