Wednesday, November 13, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, August 5, 2014
Navy Paying 69% More With $334M Solar Project
By News Release @ 3:45 PM :: 6801 Views :: Energy, Military

Pacific Energy Solutions Breaks Ground on $334.1 Million Solar Energy Contract for the Department of Defense and the U.S. Navy in Hawaii

News Release from Pacific Energy Solutions HONOLULU, Aug. 4, 2014 (With bonus math problems.)

Today, Pacific Energy Solutions (PES), an energy project development company specializing in renewable technologies, announced that on 11 July, 2014, they entered into a binding contract with the U.S. Navy to supply approximately 30,400 MWh of electricity annually to the Navy for use by Navy, Marine Corps and Air Force activities in the State of Hawaii. PES will supply this electricity to the Navy over a 25-year Power Purchase Agreement term.

MATH: 

30,400 mwh x 25 years = 760,000 mwh

$334,100,000 / 760,000 mwh = $439.61 per mwh = $0.43961 per kwh (approx 0.44 per kwh)

0.44 / 0.26 (2013 HECO DS rate) = 169%

$260 x 760,000 mwh = $197,600,000

$334.1M - 197.6M = $136,500,000 wasted

A groundbreaking ceremony was conducted on 24 July 2014 at Joint Base Pearl Harbor-Hickam. The ceremony was presided over by the Secretary of the Navy, the Honorable Ray Mabus, who was joined by the Governor of the State of Hawaii, Neil Abercrombie.

In support of its deliveries under this contract, PES will install 68,645 photovoltaic modules at 14 project sites at military installations on the Island of Oahu. Additionally, PES will construct a 2 mile underground transmission system, including a bored crossing, beneath the Pearl Harbor Channel. These solar installations, once completed, are estimated to offset 20,000 tons of carbon dioxide emissions per year and eliminate the necessity to burn the equivalent of 54,000 barrels of oil annually. The solar installations will include a utility scale facility on the Waipio Peninsula, which is expected to be, when completed, the largest solar generation facility in the State of Hawaii.

MATH: 

$334,100,000 / 500,000 tons CO2 = $668.20 per ton

$334,100,000 / 1,350,000 barrels = $247.48 per barrel

Of the successful completion of this stage of the project's development, PES' CEO Don O'Shei said, "The Department of Defense and the U.S. Navy have set aggressive and important goals for the use of clean and renewable sources of energy in support of their defense of the Nation. These solar installations that we are implementing today will contribute greatly to meeting those goals and we are proud to play a small part."

About Pacific Energy Solutions: PES is a renewable energy development company based in Boca Raton, FL. Founded in 2010, PES is owned by TriLateral Energy, LLC and ECC Energy Solutions. LLC. The principals and employees of PES, TriLateral Energy and ECC Energy Solutions have decades of experience in the development, project finance, construction and the operation and maintenance of renewable energy projects.

---30---

Reality: 49% Waste: Inspector General Slams Hawaii Navy Solar Projects

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii