Hawaiian Electric projects $3.5-$4B to be invested into 29 renewable energy projects

HAWAII - Hawaiian Electric announced last week it is planning to invest between $3.5-4 billion in 29 grid-scale renewable energy projects on four islands.

Of those projects, 14 are currently underway on Oahu, eight on Hawaii Island, and seven on Maui, reports Daily Energy Insider.

Plus, rooftop solar continues to expand - more than 3,000 private rooftop solar projects have been interconnected on the islands this year, representing more than $65 million in investments from businesses and homeowners on Oahu alone.

On Hawaii Island, nearly 100 percent of energy could become renewable. Of the projects previously listed, all but three will also be built, owned, and operated by independent power producers selling electricity to Hawaiian Electric.

"By maintaining the momentum, we can support economic recovery and make a lot of progress toward our goal of being 100 percent renewable by 2045," said Jim Alberts, senior vice president of business development and strategic planning for Hawaiian Electric.

Source: Daily Energy Insider