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Maui Electric Looking for New Renewable Energy Projects

The state of Hawaii is planning to get Maui on 100% renewable energy by 2040.
January 20, 2017

Maui Electric Looking for New Renewable Energy Projects

Here on Maui, the mission for more sustainable energy continues. The goal is to bring down the cost of utilities while reducing environmental impact, and we've made healthy progress so far. In fact, Maui Electric Co. reports that 35.4% of their energy sales come from renewable sources. Eventually, the goal is to reach 100% renewable energy in Hawaii. If you're considering a Maui real estate purchase, you may find the following news about Maui energy interesting.

Hawaiian Electric Co., the parent company of Maui Electric Co., is working with regulators to kick off the process of searching for new renewable energy projects on Maui, along with Molokai, Lanai and the Big Island. Based on their most current data, HECO's renewable gigawatt hours includes 612 from wind, 417 from biomass (including waste to energy), 230 from geothermal, 53 from biofuels, and 51 from solar photovoltaic and solar thermal.

To ensure that customers reap the benefits of the new projects as soon as possible, HECO is specifically looking for those that would be ready by the end of 2020. This time frame is partly motivated by HECO's plan to get the island of Molokai on 100% renewable energy by 2020, Lanai by 2030, and both Maui and the Big Island by 2040. This is definitely a plus for those considering a permanent move to the islands.

Once the Hawaii Public Utilities Commission opens a docket for the issuance of formal requests for proposals for each island, HECO can work on selecting the ones that best fit their goals among the bidders. You can learn more about the efforts of Maui Electric Co. and their plans by visiting www.mauielectric.com.

As far as buying Maui real estate is concerned, if you need our assistance, we would be happy to hear from you. Contact us for more information. We specialize in South Maui real estate, but we can help you with properties all over the island. Mahalo!

Blogs for January 2017

Unique Wailea Home With Detached Ohana

Posted on January 27, 2017
Unique Wailea Home With Detached Ohana

Looking for a South Maui home with a distinct and unique style? Perhaps you're looking for something a little different than the norm, or your tastes are specific to certain kinds of styles. Don't fret if it can be challenging to search for… Continue Reading

Maui Electric Looking for New Renewable Energy Projects

Posted on January 20, 2017
Maui Electric Looking for New Renewable Energy Projects

Here on Maui, the mission for more sustainable energy continues. The goal is to bring down the cost of utilities while reducing environmental impact, and we've made healthy progress so far. In fact, Maui Electric Co. reports that 35.4% of their… Continue Reading

Central Maui Pulehunui Industrial Park Project

Posted on January 13, 2017
Central Maui Pulehunui Industrial Park Project

Maui's commercial space will be expanding soon, in response to demand for economic opportunity in paradise. Most of the island's economy is driven by tourism, but there are many other kinds of businesses here, and we will probably be seeing some new ones… Continue Reading

15th Annual Art of Aloha Exhibition in Wailea

Posted on January 06, 2017
15th Annual Art of Aloha Exhibition in Wailea

There's nothing like that captivating piece of artwork on your wall to add interest to your Maui home. Art can be both enjoyable and a vehicle for expression, not just for the artists themselves, but also for those of us who… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

Coldwell Banker Island Properties
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