The Hawaiian Electric Company is seeking approval from the Public Utilities Commission to build a large solar photovoltaic project next to the Kahe plant on the Leeward Coast of Oahu. If approved, the facility would be able to produce electricity at the equivalent cost of 14.5 cents per kilowatt-hour, significantly below the 22.7 cents per kilo-watt hour that it currently costs to produce electricity from low-sulfur fuel oil. HECO's vice president for power supply, Ron Cox, stated, "This is a unique opportunity that benefits our customers because it allows us to quickly develop more low-cost clean energy." Once completed, the 50 acre site will be the largest solar farm in the state of Hawaii.
Source: Honolulu Star Advertiser, 10-24-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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