Blue Earth recently declared that it has received the exclusive rights for building seven different solar PV projects in Hawaii with an overall 3.5 MW DC. The project’s worth is estimated to be around $15 M.
The projects are based at Oahu Island. They basically feature ground mount solar systems. Blue Earth acquired six projects that comply with the requirements of the Renewable Energy Tier 2 Feed-in Tariff (FIT) by HECO (Hawaiian Electric Company). While construction, local trade individuals will be employed in the planned projects.
The engineering, procurement and construction (EPC) for the project will be supplied by Xnergy, the company's wholly owned subsidiary. Two projects will commence in the Q3 of 2012, and anticipated to be completed during Q4 of 2012. Five projects will start in the Q4 of 2012, scheduled to be completed in the Q1 of 2013.
With massive Renewable Portfolio Standard in the US, Hawaii expects renewable energy to deliver around 40% of the state's energy by 2030. The FIT program of HECO will support the inclusion of further renewable energy projects in Hawaii. Standardized FIT contract terms and pre-established FIT rates enable the supply of renewable energy to HECO.
According to the CEO of Xnergy, D. Jason Davis, the objective of Blue Earth to become a well-established developer of solar PV systems, through which local environment are safe from harmful emissions, and the company’s commitment to expand its position in Hawaii have been highlighted through these projects.
Being a full-service EPC company, Xnergy has designed, developed, installed, and/or commissioned up to 100 MW of both conventional and alternative energy systems.
Source: http://www.blueearthinc.com/
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