HALE KUAWEHI SOLAR PROJECT UPDATE - Waimea Community Association June 3, 2021 - Innergex
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HALE KUAWEHI SOLAR PROJECT UPDATE Waimea Community Association June 3, 2021 Innergex Renewable Energy
INNERGEX RENEWABLE ENERGY
FRANCE
Gross 323 MW
CANADA
Net 226 MW
Gross 1,954 MW
Net 1,454 MW
UNITED STATES
Gross 1,169 MW
Net 916 MW
CHILE
Gross 254 MW
Net 151 MW
Innergex Renewable Energy
BUILDING A BETTER WORLD WITH RENEWABLE ENERGY
With a sustainable business model that balances People,
our Planet and Prosperity.
People Planet Prosperity
We are a team of We generate value for
We believe
passionate individuals our employees, our
that renewable energy
who build strong shareholders,
is part of the solution
partnerships with local our partners and our
to climate change.
communities. host communities.
Innergex Renewable Energy
HISTORICAL ELECTRICITY COST
State of Hawai’i – Historical Electricity Cost
1958 to 2014 - $/kWh Tōhoku
Earthquake
& Tsunami
Oil
Production
Stagnation
& Lower
Spare
Capacity
Iran-Iraq Global
War Financial
9/11 & Crisis
invasion
of Iraq
Hale Kuawehi Solar
OPEC
Embargo
$0.087 /KWh
Fixed Priced for 25
years
Innergex Renewable Energy 4
OUR PROJECTS IN HAWAI’I
Hale Kuawehi
The four solar + battery energy storage projects would power approximately
41,450 households with renewable energy
Innergex Renewable Energy 5
HALE KUAWEHI SOLAR PROJECT AREA Innergex Renewable Energy 6
TIMELINE
February 2018 Request for Proposal Issued
April 2018 Request for Proposal Bids Submission
June 2018 Short List Group Notification and Best and Final Offer
September 2018 Final Award Group Selection and Contract Negotiations Begin
December 2018 Execute Power Purchase Agreement (PPA)
2019 Public Utilities Commission Approval of the PPA
2019-2021 Complete Archaeological, Environmental and Technical Studies
2021 Update Design, Obtain Permits and Approvals [IN PROGRESS]
Q4 2021 Estimated Construction Start
Q4 2022 Commercial Operation Date
Operation 25-Year PPA Timeframe
COMMUNITY ENGAGEMENT IS ONGOING THROUGHOUT
THE ENTIRE PROCESS
Innergex Renewable Energy 7
PRELIMINARY & UPDATED SITE LAYOUT PLANS
PRELIMINARY UPDATED
Innergex Renewable Energy 8
UPDATED SITE LAYOUT PLAN Innergex Renewable Energy 9
CONSTRUCTION PHASES & TIMELINE
1 2 3 4 5 6
Land
preparation, Foundations,
Install
support racks
Electrical
Battery
storage
Commis-
fencing, and underground and solar sioning
substation installation
roadwork cabling panels
Innergex Renewable Energy 10EQUIPMENT
Solar Single- Battery
Solar Panel
Axis Trackers Storage
High efficiency panels Increase energy output Lithium-ion battery
that are 540+ watts by 10-20% compared to storage improves grid
provide optimal energy fixed tilt foundations and resiliency with major
production and minimize have proven reliability benefits such as load
the footprint of the solar under severe weather shifting to deliver power
project conditions when it is needed most
Innergex Renewable Energy 11TRAFFIC IMPACT ANALYSIS REPORT (TIAR) - ASSESSED INTERSECTIONS. Innergex Renewable Energy 12
DECOMMISSIONING The Power Purchase Agreement with HELCO would be for a 25-year term. ▪ Innergex is responsible for the entire project life cycle, including the costs of decommissioning and recycling of component parts. ▪ As part of the decommissioning of a typical solar project, any and all components would be removed and the area would be returned to the same condition as existed prior to the Project being developed. ▪ Reuse or recycling of materials will be prioritized over disposal. Recycling is an area of great focus in the solar industry, and programs for both batteries and solar panels are advancing every year. Innergex Renewable Energy 13
COMMUNITY BENEFIT
▪ Local supplier procurement & The project would power
employment opportunities approximately 14,600
▪ Community support & sponsorships Hawai’i households with
clean, renewable energy.
▪ Stabilizing electricity prices and bills
“Our sponsor tonight was Innergex (…) We are so
grateful for the sponsorship and all the volunteers
who helped make this meal a great one!”
Sue & Tim (Community Meal Ministry)
Innergex Renewable Energy 14HELCO IDENTIFIED BENEFITS
The Unit Price, as defined in the PPA, is advantageous in that it is fixed for
Fixed Price
the duration of the PPA and is anticipated to result in lower effective rates
Contract for customers.
A typical HELCO customer consuming 500 kWh per month is estimated to
Consumer save approximately $6.20 in 2022 and $6.79 in 2023 on the customer’s
Savings monthly electric bill.
HELCO will have the contractual flexibility to dispatch energy from the
Operational Project’s PV or battery storage system as needed, offset night-time
Flexibility customer demand, and assist in grid stabilization subject to discharge
limits.
Innergex Renewable EnergyHELCO IDENTIFIED BENEFITS
The Project will contribute up to 7.7% to HELCO’s Renewable Portfolio
Addresses Standard (RPS) over the 25-year term of the PPA.
RPS Needs
Reduces Fuel The Project will significantly reduce HELCO’s fuel consumption on its
generating units. It is estimated that the Project will displace 497,126
Consumption
barrels of fuels over the 25-year term of the PPA.
Displaces An estimated total of up to 180,500 tons of GHG emissions that will be
GHG’s avoided during the 25-year term of the PPA.
Innergex Renewable EnergyMahalo! Your opinion is important to us. Please let us know if you have any comments, questions or suggestions. Myriam Bernede-Martin mbmartin@innergex.com (808) 298-2615 Visit our website www.innergex.com/hawaii/ Innergex Renewable Energy
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