PARIS & MILAN–(BUSINESS WIRE)–Regulatory Information:
Hawaiian Electrical Firm, Inc. has chosen ENGIE’s (Paris:EPS) venture as certainly one of sixteen within the Last Award Group for the Stage 2 Variable Renewable Dispatchable Technology and Power Storage initiatives.
ENGIE and ENGIE EPS’s bid was chosen after a aggressive analysis that was a part of the most important renewable power procurement ever undertaken in Hawai‘i, launched in August 2019.
The proposed venture awarded to ENGIE is a 60 MWAC photo voltaic plus 240 MWh battery storage facility situated in Puakō close to Waikoloa Village, South Kohala, on Hawai‘i Island. ENGIE EPS will provide the battery storage system and act as a full storage resolution supplier and system integrator.
“ENGIE EPS has a longstanding observe document in deploying hybrid battery storage programs on islands across the globe, and ENGIE has over a decade of expertise working in Hawaiʻi. We look ahead to using this experience to assist the Islands meet its goal of 100% clear power and to persevering with our engagement with the Hawai‘i Island communities as we achieve this”, mentioned Carlalberto Guglielminotti, Chief Government Officer of ENGIE EPS.
The venture is anticipated to be on-line in 2023 however relying on the size of the financial disruption attributable to the COVID-19 pandemic, delays in bringing the initiatives on-line are doable.
This was the ultimate analysis part. ENGIE, in addition to the opposite builders, will now enter into one on one contract negotiations with Hawaiian Electrical to succeed in a suitable 25-year energy buy settlement. All contracts should then be authorized by the Hawai‘i Public Utilities Fee. All through the complete course of, ENGIE will proceed to interact with the native communities close to the venture to debate and handle any enter that they could have.
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About ENGIE EPS
ENGIE EPS is an industrial participant throughout the ENGIE group that develops applied sciences to revolutionize the paradigm shift within the world power system in the direction of renewable power sources and electrical mobility. Listed on Euronext Paris (EPS:FP), ENGIE EPS is listed within the CAC® Mid & Small and the CAC® All-Tradable monetary indices. Its registered workplace is in Paris and conducts its analysis, growth and manufacturing in Italy.
For extra data: www.engie-eps.com
Our Group is a world reference in low-carbon power and companies. In response to the urgency of local weather change, our ambition is to change into the world chief within the zero-carbon transition “as a service” for our prospects, particularly world firms and native authorities. We depend on our key actions (renewable power, fuel, companies) to supply aggressive turnkey options.
With our 170,000 workers, our prospects, companions and stakeholders, we’re a neighborhood of Imaginative Builders, dedicated on daily basis to extra harmonious progress. Turnover in 2019: EUR 60.1 billion. The Group is listed on the Paris and Brussels inventory exchanges (ENGI) and is represented in the primary monetary indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).
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