Hawaii utility cancels contracts with renewable developers
Hawaii Electric Light Company (HELCO) has terminated the 20 year power purchase agreement (PPA) for the 30 MW Hu Honua bioenergy plant. The PPA was approved by the Public Utilities Commission in December 2013.
The project was supposed to produce 30 MW of electrical power, enough for about 10 percent of the island’s home (14,000 households), and the replacement of approximately 250,000 barrels of oil per year by green energy.
The project, which was schedule to start operations in January 2016, has faced significant challenges and HELCO said that Hu Honua Bioenergy LLC, the company in charge of the project development, has failed to meet a critical construction requirements previously signed in the contract.
On 12 February 2016, SunEdison also received letters from Hawaiian Electric Company (HECO), the parent company of HELCO, stating that HECO had terminated with the approved power purchase agreements (PPAs) for the Kawailoa, Mililani II, and Waipio photovoltaic projects, which together account for approximately 110 MW of net renewable capacity.
SunEdison was in total disagree with the analysis presented in HECO's letters, as well as HECO's conclusion of terminating the PPAs.
Country news
-
-
March 08, 2016
Morgan Stanley raises US$3.6 Bn for second global infra fund and $2.2 Billion Co-investment Club
Morgan Stanley Infrastructure has recently announced that it has raised US$3.6 billion for North Haven Infrastructure Partners II (NHIP II), and has also assembled a co-investment club with a nominal amount of up to US$2.2 billion achieving a total amount of US$5.8 billion. Read more -
March 08, 2016
San Diego Gas & Electric (SDG&E) seeks 140 MW of renewable energy capacity
San Diego Gas & Electric (SDG&E) has announced it is seeking up to 140 megawatts (MW), of new "preferred energy resources," including energy storage, renewable energy, distributed generation, energy efficiency and demand response. Read more -
March 07, 2016
Florida’s Seminole Electric seeks up to 1,000 MW of capacity
US company Seminole Electric Cooperative has launched a request for proposals (RFP) to provide up to 1000 megawats (MW), which is scheduled to start as early as June 1, 2021. Read more -
March 04, 2016
Geronimo Energy sells Minnesota Community Solar Garden developments to BHE Renewables
Geronimo Energy, LLC has announced the sale of its second portfolio of Minnesota Community Solar Garden developments to BHE Renewables, LLC, a subsidiary of Berkshire Hathaway Energy. Read more -
March 03, 2016
Regulators reject $5 billion sale of Cleco
Louisiana regulators have recently rejected a US$4.9 billion bid by international investors to buy Cleco, a Louisiana-based public utility holding company and owner of regulated electric utility Cleco Power LLC. Read more
