On Aug. 6, 2018, the Hawaii Public Utilities Commission announced the approval of a power-purchase agreement for a new energy facility in Moloka’i. This grid-scale, solar-and-battery energy storage project on Moloka’i will lower power costs for customers and comprise more than 45 percent of the island’s renewable energy production. The 2.6-megawatt (MW) project, which includes a 3 MW battery energy storage system, will be owned and operated by Moloka’i New Energy Partners. Construction was funded with equity from new markets tax credits (NMTCs) allocated by Punawai ‘O Pu’uhonua, a community development entity. The solar-and-battery project is expected to be in service by the end of 2019, with the power purchase agreement slated for 22 years.