The Hawaii Public Utilities Commission said June 15 it had approved a 20-year contract for Maui Electric Company to purchase 21 megawatts (MW) of wind power from Sempra Generation’s Auwahi Wind project on the Ulupalakua Ranch in southeastern Maui. The approval also included a determination that Maui Electric could build an above-ground transmission connection to its main local grid line.
Imagine combining the power of the sun to help power electric vehicles. Connecticut Governor Dannel P. Malloy recently flipped the switch on a new carport that can do just that.
Mark Little, the global research director for General Electric Company (NYSE: GE), believes solar power could be cheaper than nuclear and fossil fuel power within the next three to five years.
It has become a trend over the last year for companies and governments to set renewable energy goals and targets, but meeting those targets has been an entirely different scenario. In this sense, with its latest announcement, GE Energy Financial Services, a unit of General Electric Co. (NYSE: GE), seems to be ahead of the curve.
GE has announced that it has hit its multi-year target of US$6 billion in renewable energy investments by the end of 2010.