HECO aims to double solar-generated power
The utility aims to lease roof space from government agencies and commercial businesses, then contract solar power providers to install photovoltaic systems at these sites.
The contractors would sell the energy to Hawaiian Electric at a fixed rate under a long-term contract.
Photovoltaic systems use silicon panels or similar materials to harness solar energy. The solar power generates electricity which is fed into the utility power grid.
Hawaiian Electric is applying to the Public Utilities Commission for permission to launch the project.
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Cornwall Insight, a well-regarded industry analyst, predicts a 16% reduction in average bills from the previous quarter, potentially reaching the lowest levels since the onset of the Ukraine conflict.
The industry’s price cap, indicative of the average annual bill for a typical household, is expected to decrease from the current £1,928,…