In a news release dated Aug. 5, Maui Electric Company said it proposes to buy electricity from two large solar projects, the first of their kind on Maui. The contracts were filed Aug. 5 with the Hawai‘i Public Utilities Commission for review and approval.
If the contracts are approved by the Commission, South Maui Renewable Resources, a Maui-based developer, would build a 2.87-megawatt photovoltaic (PV) project near the Maui Research & Technology Park in Kihei, and Kuꞌia Solar would build a 2.87-megawatt PV project in Lahaina near Lahainaluna School. South Maui Renewable Resources and Ku’ia Solar are joint ventures with Hawaii Pacific Solar and Haleakala Energy Associates, both Maui-based companies.
These projects are expected to offer up to 5.7 megawatts of solar power to Maui Electric’s grid at the low price of 11.06 cents per kilowatt hour. Maui Electric does not mark up or take a profit from purchased power, passing the savings directly to Maui customers.