In partnership with Kenyon Energy, Hawaii’s Maui Electric Co. has announced the operation of a large-scale solar project in Maui.
Maui Electric is buying power from the Kuia Solar project, which is independently owned and operated by Kenyon Energy.
The 10.85-acre solar facility, located on land owned by Kamehameha Schools in Lahaina, can offer up to 2.87 MW of solar power to Maui Electric’s grid at 11.06 cents per kilowatt-hour. Maui Electric does not mark up or take a profit from this purchased power, passing the savings directly to Maui customers, the company notes.
“We’re pleased to be able to partner with the community, area landowners, renewable energy developers, and local policy and government leaders in adding more clean energy to power Maui,” states Sharon Suzuki, president of Maui Electric. “Securing stable, more cost-effective renewable energy through new large-scale renewable resources benefits all of our customers over the life of these major projects.”
Financing for Kenyon Energy’s project was provided by Key Equipment Finance through its energy solutions team. Maui Electric is also purchasing power from another Kenyon Energy project, South Maui Renewable Resources, which came online in May. Bay4 Energy has been selected to provide ongoing asset management and operating services for both projects, while M+W Energy Inc. served as the engineering, procurement and construction provider for both projects.