SolarCity wins second Hawaii array
SolarCity has won a tender process to build a 15MW (AC) solar system for the Hawaiian Electric Company on the island of O’ahu, in what will be its second utility-scale PV project in the state.
The array, expected to be operational in late 2015, will connect directly to the grid via Hawaiian Electric’s 46,000-volt sub-transmission system at the Kahe Generating System, meaning there will be no impact on the distribution system.
A year ago California-based SolarCity was chosen to build a 12MW (AC) array for the Kaua’i Island Utility Cooperative.
Although only the 40th most populous US state, Hawaii has the country’s eighth highest installed PV capacity, with its high energy costs driving a local solar boom in recent years.
On Monday SolarCity successfully closed a capital raising exercise which saw it issue 3.9 million new shares priced at $46.54 each and $230m in bonds.
SolarCity launched an initial public offering last December with shares priced at $9.