The vision of the Molokai New Energy Partners Project reflects the sentiments and values embraced and expressed by the residents for a healthy, sustainable, and energy-independent Molokai. The project has been developed to address Molokai’s needs.
The Molokai Island Energy project means:
Generates power at a lower cost than current diesel production
At the time of PPA signing in February, 2018, a $60 per year saving per household was expected. Since then, oil prices have risen almost $30 per barrel, and initial savings may be more if oil prices remain at this level or rise further.
Time shifts power to the evening to avoid competing with demand with rooftop solar systems
Reduction the greenhouse gas emissions
Jobs for Molokai residents
Reduces volatility of prices due to oil price changes