- Duke Energy's (DUK +0.8%) REC Solar unit and Hawaiian Electric (HE +1.1%) say they have begun construction on a 20 MW solar project at the U.S. Navy’s Joint Base Pearl Harbor-Hickam West Loch Annex.
- REC Solar will build the 80,760-panel solar facility, the first grid-scale solar project to be owned and operated by HE, which says the solar farm will reduce its use of imported oil by 76K barrels annually.
- The companies say the new solar farm will produce the lowest-cost renewable energy in Hawaii, at less than $0.08/kwh.