HECO's renewable energy subsidiary seeks project proposals

Honolulu, HI, May 23, 2003 -- Renewable Hawaii, Inc., the renewable energy subsidiary of Hawaiian Electric Company (HECO), has issued a Renewable Energy Request for Project Proposals (RE RFPP) for the island of Oahu.

Renewable Hawaii is seeking opportunities for equity investment in commercially viable and cost effective projects to produce electricity for Hawaii from renewable resources, such as sun, wind, hydro, biomass, ocean or geothermal energy.

"Our objective is simple," said Karl Stahlkopf, Renewable Hawaii President and HECO Senior Vice President of Energy Solutions and Chief Technology Officer. "We want to help the state of Hawaii increase the amount of electricity generated from renewable resources as quickly as possible."

With initial approval to invest up to $10 million in renewable energy generation projects, Renewable Hawaii aims to partner with developers, taking a minority interest and thus contributing financing to help increase the overall number of renewable energy projects connected to the electrical grid.

The company's RE RFPP will be issued in phases. RHI is immediately seeking projects on the island of Oahu, where the need for renewable energy development is greatest. A request for projects on Maui, Molokai and Lanai will be issued later this year, with a request for projects on the Big Island of Hawaii to follow later.

Projects supplying "firm" power (power which the utility can call upon on demand) on each island will generally receive higher priority than "as-available" energy sources. Another criteria will be to confirm that a project can be integrated into the island's electric system without impacting service reliability.

To ensure projects support the key objective of attaining marked increases in the amount of renewable electricity generated in Hawaii, projects must have a capacity of at least one megawatt and a planned date of commercial operation no later than December 31, 2008.

Interested parties may obtain additional information by visiting the website www.renewablehawaii.com. All proposals must be received by August 22, 2003.

Sponsored by FLSmidth

Related Articles

Hawaiian Electric submits future plans to increase solar, energy storage

Hawaiian Electric Industries Inc. (HEI, NYSE: HE), announced that its subsidiaries, Hawaiian Electric Co. Inc. (Hawaiian Electric), Hawaii Electric Light Co. Inc. (Hawaii Electric Light) and Maui Electric Co. Ltd (Maui Electric), submitted future energy plans on Wednesday that will lower energy bills and nearly triple the amount of distributed solar by 2030.

Hawaiian Electric President, CEO to retire

Hawaiian Electric Company Inc., a subsidiary of Hawaiian Electric Industries Inc. (HEI, NYSE: HE), announced that its president and chief executive officer (CEO), Richard Rosenblum, will retire within a year.

Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

Volume 118, Issue 10

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>

Power Engineering Newscasts

EPA chief: carbon caps will boost economy
Australia, Russia enter nuclear power agreement with Argentina
Largest battery energy storage in North America now operational
EPA chief: carbon caps will boost economy Largest battery energy storage in North America now operational Australia, Russia enter nuclear power agreement with Argentina Texas’ Panda Temple combined cycle plant up and running
Siemens agrees to acquire Dresser-Rand
Safety concrete poured at UAE nuclear reactor power project
Foster Wheeler to upgrade natural gas-fired power plant’s emission controls
GE, TransCanada partner on natural gas turbine design
Energy storage global market to grow to $15.6B by 2024; DOE awards $2M to support taller wind turbine towers; Hinkley Point C nuclear project have financial incentives approved; N.J. company building waste-to-energy project in Ireland