Maui Business

SPI Solar Building 68 Energy Facilities Statewide

June 13, 2012, 3:51 PM HST
* Updated June 13, 3:58 PM
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SPI Solar's energy facility in Palm Springs, California. Photo courtesy of SPI Solar.

By Sonia Isotov

SPI Solar, a photovoltaic solar developer, today announced it has acquired the rights to co-develop and construct 68 solar energy facilities (SEF) across Hawaii totaling approximately 29 megawatts.

The SEF sites are distributed across the islands of Oahu, Hawaii and Maui and are predominately ground mount SEFs with some rooftop and shade structures.

All of the SEF’s will feed directly into utility power grids. In addition to the 68 projects, the agreement also allows SPI to pursue an additional 10 megawatts of projects that are currently in the Hawaiian Public Utility Commission’s reserve queue.

Almost all of the projects within the portfolio acquired by SPI meet the requirements of the Renewable Energy Tier 2 Feed-in Tariff (FIT) offered by Hawaiian Electric Company, Maui Electric Company and Hawaiian Electric Company and are approved for development.

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The Hawaii Tier 2 FIT is for solar systems developed on rooftops, land or carports that are 500 kilowatts and under that provide electricity directly to the utility power grid.

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SPI will begin construction on the first of the projects within the next quarter.

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