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Altus Power Connects 6.2 MW Solar Project to Oahu's Grid
[March 30, 2017]

Altus Power Connects 6.2 MW Solar Project to Oahu's Grid


GREENWICH, Conn. and HONOLULU, March 30, 2017 /PRNewswire/ -- Altus Power America, Inc. announces the completion of a 6.2 megawatt (MW) DC ground-mounted solar installation in Wai?anae, Hawai?i, on the west side of O?ahu. The solar energy system, known as the Aloha Solar Project, will sell clean, renewable energy to Hawaiian Electric Company for 20 years under the Tier 3 Feed-In Tariff (FIT) program.

The FIT program was designed to encourage the construction of renewable energy projects in Hawai'i by offering pre-established rates and standardized contract terms. More than 100 FIT projects totaling more than 24 MW are in service on O?ahu.

The Aloha Solar Project is expected to generate more than 10 million kilowatt hours (kWh) of energy annually, enough to power more than 1,000 O?ahu homes with electricity. Additionally, the solar energy system will offset the greenhouse gas emissions from 815,000 gallons of gasoline every year. "We are proud of our partnership with Hawaiian Electric and xcited about bringing jobs to Hawai?i and helping the state achieve its goal of generating 100 percent of its electricity from renewable resources by 2045," said Tom Athan, president of Altus Power America.



The Aloha Solar Project has employed dozens of local electricians, engineers, tradesmen, landscapers and construction crews. The facility will be serviced by a local operations and maintenance team based in Honolulu and will provide a steady land-lease payment to a Wai?anae small business owner.

Altus worked with developer Environmental Chemical Corporation (ECC) in finalizing the project. ECC Chairman Paul Sabharwal said, "After five years of investment in the development milestones we are elated to have found a partner in Altus, whom has demonstrated the vision and wherewithal to help make renewable energy a reality for the people of Hawai?i."


About Altus Power America

Altus Power America, Inc. is a Greenwich, Conn. based company that invests in, owns and operates clean energy projects that provide renewable energy and solar savings to commercial and public sector clients. Altus is funded by Goldman Sachs, Global Atlantic Financial Group and FS Investments (sub-advised by GSO Capital Partners, a Blackstone Group company). Visit www.altuspower.com to learn more.

Contact: Justin Marron, 203-698-0090, [email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/altus-power-connects-62-mw-solar-project-to-oahus-grid-300431916.html

SOURCE Altus Power America, Inc.


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