At Hawaiian Electric we are committed to preserving all that makes our islands so special. One of the ways we are accomplishing this is by working hard to achieve a clean energy economy. In October 2008, the Hawaiian Electric Companies signed a landmark Energy Agreement with the State of Hawaii as part of the Hawaii Clean Energy Initiative to move Hawaii away from imported oil towards a more sustainable future.
The initiatives listed below are mechanisms that are available for those interested in selling energy to Hawaii Electric:
Competitive Bidding:
Competitive Bidding was adopted by the PUC as a mechanism for acquiring or building new energy generation in Hawaii. The process is initiated by Hawaiian Electric with the issuance of a Request for Proposals (RFP). All projects greater than 5MW on Oahu are subject to the PUC's Framework for Competitive Bidding. Please see HECO's Competitive Bidding page for more information.
Feed-In Tariff (FIT):
FIT is designed to encourage renewable energy projects through standardized pricing and contract terms. Project sizes up to and including 5 MW on Oahu are eligible for FIT. Prices are based on type of technology and tiered by the size of your system. Please see HECO's Feed-In Tariff page for more information.
Invitation for Waiver Projects:
Hawaiian Electric will consider requesting a waiver from the Hawaii Public Utility Commission’s Competitive Bidding Framework for renewable energy projects that can be quickly placed into service at a low cost per kilowatt hour to help lower electric bills for our customers. In particular, Hawaiian Electric seeks projects larger than five MW on Oahu with a levelized cost of energy below 17 cents/kilowatt-hour, without the use of Hawaii State tax incentives.
