Feed-in-Tariff (FIT) program was critical in kickstarting Hawaii’s shift toward clean energy through utility scale renewable power generating facilities. Most of Hawaii’s electricity generation is derived from imported fossil fuels, resulting in electricity prices often 3 times the national average.
Aloha Solar II was one of the last of the large Tier 3 FIT projects to get built and sat in the development cycle for over 5 years. Sunspear’s management brokered the asset sale for project developer Environmental Chemical Corporation (ECC).
The Aloha Solar Project is expected to generate more than 10 million kilowatt hours (kWh) of energy annually, enough to power more than 1,000 Oahu homes with electricity. Additionally, the solar energy system will offset the greenhouse gas emissions from 815,000 gallons of gasoline every year.