HONOLULU (HawaiiNewsNow) - SunEdison is challenging the decision by the Hawaiian Electric Company's decision to terminate the power purchase agreements for the Waipi'o, Mililani and Kawailoa solar projects totaling 112 megawatts of low cost, clean energy. Upon a comprehensive review of the facts and circumstances relating to the PPA requirements, we do not believe we have missed the milestones.
With more than $42 million invested in these projects to date, and with a well-financed buyer for these projects ready since December to finance and complete the projects on schedule, SunEdison is exploring all options to complete these solar projects, which would increase solar capacity by nearly 30% on O'ahu. We continue to believe this is the best outcome for ratepayers and for Hawaii's renewable energy goals. Construction began in the fall and we have made significant progress on the Waipi'o project site, installing 11,000 metal structural posts on 150 acres, laying nearly 68,000 feet of underground wiring and mounting 1,240 solar panels. Preliminary site work has also been underway at Mililani and Kawailoa.
A week ago, HECO's action stopped construction on the Hawai'i's three largest solar projects to date, affecting nearly 100 workers and potentially hundreds more who were scheduled to start later this year.