Hawaiian Electric Company (HE) and SunPower (SPWRA) Sign Solar Power Agreement
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Hawaiian Electric Company (NYSE: HE) and SunPower Corporation (Nasdaq: SPWRA) announced an agreement for SunPower to sell solar photovoltaic (PV) power to the utility under a fixed price contract for 20 years. The power will be generated from a five-megawatt (MW) solar farm that SunPower will design, build and operate at Kalaeloa in West Oahu.
The purchase power agreement is before the Hawaii Public Utilities Commission (PUC) for approval. Upon PUC and other needed approvals, SunPower plans to begin construction this year and complete the solar farm within five months. It will be located on 40 acres leased from the Department of Hawaiian Home Lands (DHHL) at Roosevelt Avenue and Boxer Road.
The purchase power agreement is before the Hawaii Public Utilities Commission (PUC) for approval. Upon PUC and other needed approvals, SunPower plans to begin construction this year and complete the solar farm within five months. It will be located on 40 acres leased from the Department of Hawaiian Home Lands (DHHL) at Roosevelt Avenue and Boxer Road.
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