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Clearway Energy Group Invests USD140 Million in Mililani Solar I Plant in Hawaii, US


Marketline - Deals  

 

    Deal In Brief

    Clearway Energy Group LLC, a power producer and solar energy developer, has invested USD140 million in construction and development of Miliani Solar I power plant located in Hawaii, US. The total installed capacity of the plant will be 39 MW. The investment per MW will be USD3.5 million

    Clearway Energy announced that it completed construction and reached commercial operations at its Mililani Solar I plant

    The Mililani Solar power plant is paired with a 156 MWh battery storage system and includes over 123,000 photovoltaic panels, each measuring 6.5-feet tall and slightly more than three feet wide. The panels are capable of shifting angles throughout the day to maximize generation. The solar power plant, located on 131 acres in Mililani Agricultural Park, will enhance grid reliability and provide grid services at a critical time with the decommissioning of the state’s last coal plant in September, 2022

    The project broke ground in April 2021 and installation of the panels and battery storage was completed ahead of schedule. Mililani Solar and Clearway’s second solar and storage plant under construction in Waiawa are together expected to contribute USD9 million in taxes to the City and County of Honolulu. More than 240 local union jobs were created during construction of both plants and a permanent workforce will support ongoing operations and maintenance

    Project construction was led by Moss and the batteries were supplied by Wartsila.

    Deal Value (US$ Million) 140
    Deal Type Acquisition
    Sub-Category Asset Purchase
    Deal Status Completed: 2022-08-11

    Deal Participants

    Deal Rationale

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