Funds Available for Wind Energy Project in Hawaii

Funds Available for Wind Energy Project in Hawaii

Loan guarantee will help reduce oil use of islands.

The Department of Energy has offered a conditional commitment on a $117 million loan guarantee to finance the construction and start-up of a 30-megawatt wind energy project in Kahuku, Hawaii.  Kahuku Wind Power, LLC will install twelve 2.5 MW wind turbine generators along with a battery energy storage system for electricity load stability. In making the announcement, Energy Secretary Steven Chu said this investment will create jobs and cut dependence on oil, while promoting America's leadership in the global race for the clean energy industries of tomorrow.

 

Located on the island of Oahu, the Kahuku project will contribute to Hawaii's goal of meeting 70% of the state's energy needs with clean energy by 2030. Currently, each island uses an isolated electric grid that relies upon the use of imported oil, which currently comprises 90% of the state's energy supply. By harnessing wind power, the project is expected to supply electricity to 7,700 households and avoid the production of nearly 160 million pounds of carbon dioxide, a major greenhouse gas.

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