Innergex Advances to Final Award Group with its Projects in Hawaii

Innergex Renewable Energy (TSX:INE) announced that it has successfully advanced to the final award group with its solar and battery storage project proposals that were invited by Hawaiian Electric Companies.

The company said that the projects would produce a total of 45 MW solar and 180 MWh battery storage.

As quoted in the press release:

The proposed projects are a 30 MW solar and 120 MWh battery storage facility located on the island of Hawai’i and a 15 MW solar and 60 MWh battery storage facility on the island of Maui. Both projects have a proposed commercial operation date of 2022. The proposals are now in the power purchase agreement negotiation phase, an important step that will need to be concluded before moving ahead with the permitting process.

“We are proud to have been selected to the Final Award Group in this competitive bidding process and are extremely excited to propose a project that includes battery storage as we think storage will play an important role in the future of renewable energy generation,” said Michel Letellier, President and Chief Executive Officer of Innergex. “We look forward to continuing to engage with the local communities where these future sites are proposed, introduce our team, provide information and address any concerns. It is important for Innergex to develop projects that are harmoniously integrated in the communities where they are located.”

The technological advancements in battery storage are changing the way utilities service their customers and gives them greater flexibility in managing their power needs. Innergex is committed to fully realizing the future of battery storage and will use its expertise and experience to bring this exciting technology into its growing portfolio of assets.

Click here for the full text release.