Hawaiian Electric Industries Inc HE:NYSE

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Hawaiian Electric Seeks Project Proposals for 900MW of Renewables

5:16AM ET 8/27/2019 MT Newswires
Hawaiian Electric Industries (HE) said Monday it has issued requests for proposals for renewable energy projects totaling 900 megawatts or renewables paired with storage, generating about 2 million megawatt-hours of annual capacity, as well as grid services from local and international developers.

The company expects the first renewable projects to come online in 2022, with the total target generating capacity to be achieved by 2025. Grid services projects are expected to start ramping up in late 2020 with completion expected by 2022.

"Hawaiian Electric has made huge strides toward our renewable energy goals and will end this year achieving a renewable generation portfolio of 30%," said Alan Oshima, CEO of Hawaiian Electric, in a statement.

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