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Classified in: Oil industry, Environment
Subject: ENI

Hawaiian Electric launches largest renewable energy procurement effort in state history



HONOLULU, March 8, 2018 /PRNewswire/ -- The Hawaiian Electric Companies, subsidiaries of Hawaiian Electric Industries, Inc. (NYSE: HE), have formally begun the search for new, grid-scale renewable energy projects for O'ahu, Maui and Hawai'i Island.

Qualifying proposals may be submitted through April 30, 2018, with selection of developers and contract negotiations expected in September. The request for proposals and additional information are available at www.hawaiianelectric.com/competitivebidding.

The companies are seeking the largest amount of variable renewable resources ever to be developed at one time in Hawai'i, including:

Developers have the option to include energy storage in their bids. 

"This phase of our effort to transition to renewable energy is critically important," said Shelee Kimura, Hawaiian Electric senior vice president of business development and strategic planning. "We've heard from many people over the years interested in bringing their expertise to Hawai'i, so now is the time to bring us the plans for providing clean, reliable energy and reducing our customers' costs."

This is the first stage of a proposed two-stage process, targeting renewable resources to be added through 2022 so developers can take advantage of federal investment tax credits before they expire.

CONTACT:      

Peter Rosegg, 808.543.7780                             


peter.rosegg@hawaiianelectric.com

 

Hawaiian Electric Companies

 

SOURCE Hawaiian Electric Industries, Inc.


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