Longueuil, QC: Innergex Renewable Energy Inc. announced the signing September 17 of two 25-year power purchase agreements that provide a fixed price to the Hawaiian Electric Company, Inc. Under the agreements, electricity will be produced at the Barbers Point and Kahana solar and battery energy storage projects. Both projects have a proposed commercial operation date of 2023. The agreements are subject to approval by the Public Utilities Commission of Hawaii.
“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,” said Michel Letellier, President and Chief Executive Officer of Innergex. “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.”
The two 25-year power purchase agreements 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.
The Barbers Point solar project is a 15 MW facility with 4-hour (60 MWh) of battery energy storage 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 battery energy storage to be located on the island of Maui.