Molokai New Energy Partners

Waianae,
HI
(2018)

Molokai New Energy Partners

Boys and Girls Clubs, Community, FQHCs, Healthcare, Indian Country, Recreation, Schools, Solar, Youth and Families

A new energy facility in Moloka'i.

Investment

NMTC Amount: $13,615,900
Total Project Cost: $17,381,442

IMPACT

105 FTE jobs
Project includes a Federally Qualified Health Center.

CDEs

Punawai 'O Pu'uhonua

Investor

Bank of Hawaii

Project Description

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, is 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.

MAP

Address: 87801 Hakimo Road, Waianae, HI 96792

Census Tract: 15003009802

News Stories

Solar-battery project OK’d

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