Power purchase agreement signed for solar project

Keahole Solar Power LLC signed a contract to sell output from a planned 5 MW solar project to Hawaiian Electric Co. (NYSE: HE). Terms of the deal were not disclosed, and the Hawaii Public Utilities Commission still has to approve the contract.

Keahole will use 9,520 concentrating solar panels from Sopogy Inc. Construction on the project broke ground in October and should be completed by the end of 2012.

Keahole said it plans to bring 30 MW of solar power to the state by 2015.

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