Kalaeloa Renewable Energy Park Comes Online

December 24, 2013 by  
Filed under Green Energy News

Kalaeloa Renewable Energy Park, one of Hawaii’s largest solar energy
generation facilities, ceremoniously opened today and will immediately
begin generating electricity for Hawaiian Electric customers on Oahu.
Following four years of development and construction, the 5MW,
utility-scale solar park was successfully tested and commissioned on
November 22.

The renewable power plant, which sits on a 20-acre property adjacent to
the Barbers Point Golf Course in the community of Kalaeloa, is expected
to reduce the fossil fuel consumption on the island. The facility is
comprised of 21,000 photovoltaic (PV) panels and will generate around 9
million kilowatt hours (kWh) of electricity per year, enough to power
1,000 homes, bringing the state one step closer to meeting its target to
produce 40 percent of electricity from renewable sources by 2030. Based
on U.S. Environmental Protection Agency estimates, Kalaeloa Renewable
Energy Park will produce enough renewable power to prevent nearly 11,000
tons of carbon dioxide emissions annually. This is equivalent to
removing nearly 38,000 cars from Hawaii’s roads over the 20-year term of
the agreement.

“Projects like the Kalaeloa Renewable Energy Park bring us closer to
meeting our state’s energy goals while supporting workforce development
for quality, green jobs. Public-private partnerships are key to
expanding renewable energy initiatives with clear community benefits,”
said Governor Neil Abercrombie, who attended the ceremony.

After four years of development and construction, the solar project is
generating clean electricity for the people of Oahu. To celebrate the
launch, the project development and finance team – Hanwha Q CELLS USA,
Hunt Companies, Scatec Solar North America and Swinerton Renewable
Energy – joined Hawaiian Electric for a commission ceremony and
traditional Hawaiian blessing. Hanwha Q CELLS USA acquired the project
in 2012, finalized development, facilitated financing and solar module
supply, and will now operate the facility for a 20-year period, with
project financing provided by PNC Bank. Hunt Companies and Scatec Solar
North America conceptualized the project and initiated the plant’s
development in 2009.

“Partnerships like this – with government and private industry working
together – are critical to achieving Hawaii’s clean energy goals,” said
Scott Seu, Hawaiian Electric’s Vice President for Energy Resources and

“We are proud to be a part of such an important project and are
committed to reducing Hawaii’s dependence on imported fossil fuels,”
said Moon Hwan Cha, President of Hanwha Q CELLS USA. “We look forward to
operating the Kalaeloa Renewable Energy Park for the next two decades,
and supporting a clean and reliable energy future for the people of

“In Hawaii, utility-scale projects like the Kalaeloa Renewable Energy
Park provide direct benefits to all ratepayers through clean and low
cost energy,” said Luigi Resta, CEO of Scatec Solar North America. “More
than ever, solar power is able to provide utilities an efficient and
cost effective way to both meet environmental goals and maintain a
reliable power supply for consumers.”

The Park was developed on land leased from Hunt Companies, which holds
the master lease for nearly 540 acres in Kalaeloa on the former Naval
Air Station Barbers Point. In January 2013, the team broke ground after
the Navy completed an environmental assessment.

In November 2012, Hawaii Public Utilities Commission approved a 20-year
power-purchase agreement between the partnership and Hawaiian Electric.
Hanwha Q CELLS USA owns the Park, with sale-leaseback financing through
PNC Bank.

About Hanwha Q CELLS USA

Hanwha Q CELLS is part of the South Korean Hanwha Group and one of the
world’s leading photovoltaics companies, offering a wide range of high
quality photovoltaic solutions “Engineered in Germany” – from solar
cells and modules to solar system solutions and power plants. At its
headquarters in Thalheim (Germany) Hanwha Q CELLS has a unique setup of
RD and production enabling the company to develop technologically
leading products and innovative manufacturing methods. The cell
production sites in Malaysia and Germany and the module production line
in Germany are the core of manufacturing. In addition, the company
converts its high-efficiency solar cells into modules in cooperation
with certified contractors in Europe and Asia. Hanwha Q CELLS sells its
products via its international sales network with branches in Germany
(HQ), Malaysia, Korea, USA, Canada, Japan and Australia. Thanks to its
truly international setup, high quality products and the financial
stability as part of Hanwha Group, Hanwha Q CELLS is the reliable
partner for PV customers around the globe. http://www.q-cells.com

About Scatec Solar North America

Scatec Solar North America, INC. (“SSNA”), headquartered in Sausalito,
California, develops, builds, owns and transfers turnkey, solar power
solutions with a focus on utility-scale projects in the range of
5MW-250MW. SSNA is a wholly-owned subsidiary of Scatec Solar OS, which
has installed over 265MW of ground and roof-mounted photo-voltaic (PV)
systems in nine countries: Germany, France, Norway, India, U.S.A., South
Africa, Italy, Czech Republic, and China. Scatec Solar, headquartered in
Oslo, Norway, was established in 2007 by Dr. Alf Bjorseth, the founder
of Renewable Energy Corporation (REC), one of the world’s leading solar
energy groups. The company, an established global developer of
ground-mount and commercial rooftop PV solar energy solutions, has
capabilities to handle all aspects of each project, from securing
permitting rights to the final commissioning and operations. This full
client service includes project development; structuring equity and
long-term debt financing; turnkey construction; engineering,
procurement, and construction; power purchase agreement contracting; and
operations and maintenance capabilities. www.scatecsolar.com

About Hunt Companies, Inc.

Hunt Companies, Inc. is a diversified real estate operator involved in
development, investment, and management with a focus on multifamily
housing, public-private partnerships, military housing, community
development, and investment management. Hunt’s Hawai’i Division has been
active in Hawai’i for more than two decades, and has long been
recognized for its innovative use of underutilized military properties,
particularly those governed by complex land agreements, as well as its
commitment to creating premier master-planned communities that
complement the cultural and geographical riches of the Hawai’i Islands.
Hunt has built 4,259 new homes and renovated 2,275 homes for Hawai’i's
military families, and is responsible for the ongoing management of more
than 2,000 acres–including 1,500 homes and one million square feet of
industrial space. Projects include the Ford Island Master Development
Agreement, Kalaeloa; The Waterfront at Pu’uloa; Waikele; Ke Kailani and
Palamanui on the Big Island; and Kilauea Lighthouse Village on Kauai. To
learn more, visit www.huntcompanies.com

About Swinerton Renewable Energy

Swinerton Renewable Energy offers turnkey solar power solutions for
utility scale and distributed generation projects with over 3GW of power
generation and solar expertise. In addition to standard engineering,
procurement, and construction services, Swinerton provides unique value
by offering warranty wraps, performance monitoring, and production
generation guarantees to benefit their customers’ financial
security. Swinerton has built over 200MWdc of solar PV
projects since 2008, and is contracted to construct over 400MWdc
and to operate over 600MWdc .The Swinerton Family of
Companies provides commercial construction and construction management
services throughout the Western United States, and is a 100%
employee-owned company. Recognized nationally since 1888, Swinerton is
the preferred builder and trusted partner in every market they
serve–proudly leading with integrity, passion, and excellence. For more
information on Swinerton,
visit their blog SwinertonBuildsTomorrow,
and LinkedIn.

About Hawaiian Electric Company

Hawaiian Electric and its subsidiaries, Hawaii Electric Light and Maui
Electric, serve 450,000 customers on the islands of Oahu, Hawaii, Maui,
Lanai and Molokai, home to 95% of the population of the state of Hawaii.
Hawaiian Electric is a subsidiary of Hawaiian Electric Industries

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. With more than 120 years of service to islands, the Hawaiian
Electric Companies have provided the energy that has fueled the islands’
development from a Hawaiian kingdom to a modern state. Today, they are
commitment to achieving a clean energy future for Hawaii. For more
information, visit www.hawaiianelectric.com

SOURCE: Hunt Companies, Inc.

        Hanwha Q CELLS USA 
        Jeffrey Juger, 203-800-6000 
        Scatec Solar North America 
        Jill Dimaio, 415-332-7762 
        Hunt Companies, Inc. 
        Brenda Christman, 808-792-3753 
        Makana Communications 
        Deborah Sharkey, 808-349-8221 
        Swinerton Renewable Energy 
        Erik Johnson, 808-622-4040, ext. 2492 
        Hawaiian Electric Company 
        Peter Rosegg, 808-543-7780 

Copyright Business Wire 2013


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