Key Equipment Finance funds Hawaii solar project

Key Equipment Finance’s energy solutions team has provided the funding for the first large-scale solar project on Maui, Hawaii, as part of the island’s plan to achieve 100% renewable energy by 2045.

The project is a partnership between the Maui Electric Company (MECO) and Florida-based Kenyon Energy. The 11.3-acre solar farm will provide 2.87-megawatts of electricity for MECO’s nearly 70,000 customers on Maui, Molokai and Lanai.

Sharon Suzuki, MECO president, said: “Such partnerships are a key component in our efforts to reach 100% renewable energy for our islands. By working together on this ambitious goal, we’re securing long-term affordable clean energy for all our customers, reducing the island’s use of imported fossil fuel, and maintaining safe and reliable electrical service our growing communities depend on.”