“We intend to expand our business in Hawaii,” Eurus said in an online statement, noting the Hawaiian state government’s plans to generate all of its electricity from renewables within the next 28 years.
Eurus Energy will sell the electricity to Hawaiian Electric Company (HECO) under a 22-year PPA.
Eurus — a venture between Japanese utility Tokyo Electric Power (TEPCO) and Toyota Tsusho, the Toyota Group’s trading unit — did not reveal the solar panel supplier. This project will be registered under Toyota Tsusho U.S. unit, as it is eligible for the Investment Tax Credit scheme.
In October 2015, Eurus Energy — which develops renewable-energy projects throughout the world — revealed plans to team up with Windlab to build Australia’s first large-scale hybrid solar and wind park.
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