This is an excerpt from EERE Network News, a weekly electronic newsletter.

September 10, 2003

Renewable Hawaii to Fund Projects on Maui, Molokai, Lanai

Renewable Hawaii announced last week that it is seeking proposals for renewable energy projects on the islands of Maui, Molokai, and Lanai. Proposals are due by December 4th, and Renewable Hawaii expects to select the winning projects by April 2004.

Renewable Hawaii, a subsidiary of Hawaiian Electric Company, has initial approval to invest up to $10 million in renewable energy projects. It previously requested proposals for projects on the island of Oahu and received eight proposals that include biomass, ocean, solar, and wind energy projects. The company plans to issue a request for proposals for projects on the Big Island of Hawaii later this year. See the Renewable Hawaii press release.

Solar and wind energy projects throughout Hawaii are encouraged through state tax credits, which were recently extended through the end of 2007. The extension, which took effect on July 1st, adds new caps to the tax credits. Previous tax credits for energy-efficient heat pumps and ice storage systems were not extended. See the State of Hawaii Web site.