BayWa r.e. Power Solutions said it will construct the Waikoloa Solar + Storage Project for AES Corporation on Hawaii Island.
BayWa r.e. Power Solutions will build the 30 MW (AC) / 43 MW (DC) solar and 30 MW / 120 MW-hour storage project on 300 acres of leased land near Waikoloa Village in the South Kohala district of the island.
Hawaiian Electric Company (HECO) will buy the power generated and stored by the Waikoloa Solar + Storage Project under the terms of a 25-year power purchase agreement (PPA). The project will produce enough electricity to power 13,600 households, contributing more than 7 percent of Hawaii Island’s annual energy needs. It will also be resulting in a total avoided fuel consumption of more than 511,000 barrels of oil over its 25-year lifetime.
Substantial completion of the renewable energy project is expected in the fourth quarter of 2022. The project will create 200 jobs. The project is expected to generate economic output of an estimated $47 million for Hawaii’s economy.
The solar portion of the project will feature single-axis trackers equipped with bifacial PV modules. The associated lithium-ion battery system will store energy during periods of low customer demand for use at peak demand periods.