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Clearway Energy achieves operations at 3 Hawaii solar facilities

Clearway Energy Group LLC achieved commercial operation at three grid-scale solar projects totaling 110 MW on Oahu, Hawaii.

The facilities, namely the 49-MW Kawailoa, the roughly 46-MW Waipio and the 14.7-MW Mililani II, hold 22-year power purchase agreements with Hawaiian Electric Co. Inc.

Together, the projects are expected to contribute approximately 3% to Hawaiian Electric Industries Inc. subsidiary's renewable portfolio standards goal, which reached 27% at the end of 2018, according to a Sept. 10 news release. Hawaii has a goal of reaching 100% renewable energy by 2045.

The projects were originally proposed by SunEdison Inc. and were acquired by Clearway's predecessor NRG Energy Inc. at the end of November 2016 during SunEdison's bankruptcy proceedings. In February 2016, as a result of SunEdison missing contract milestones due to its declining financial condition, Hawaiian Electric terminated the original power contracts for the projects. Clearway and Hawaiian Electric ultimately renegotiated lower prices for the three projects.

In November 2018, Clearway Energy agreed to acquire the Hawaii solar assets from NRG Energy for $28 million in cash, plus of the assumption of $160 million of debt associated with the assets by Clearway Energy's controlling shareholder Global Infrastructure Management LLC.

Clearway Energy Group owns a controlling interest in Clearway Energy Inc. and serves as its supporting sponsor.