Hawaii
Foss & Company and Innergex worked together to close and finance a 30-megawatt AC photovoltaic solar array co-located with a 30.7 MW / 122.8 MWh (four-hour) battery energy storage system. Project Hale Kuawehi represents Foss & Company’s third successful transaction in HawaiĘ»i, reinforcing the firm’s leadership in structuring innovative tax equity solutions for clean energy infrastructure in complex and remote markets. The tax credit transfer was executed under the Inflation Reduction Act’s (IRA) direct transfer provisions, which allow clean energy developers to monetize federal investment tax credits (ITCs) more efficiently. PROJECT DETAILS LOCATION Island of Hawai’i
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Foss & Company closed an Investment Tax Credit (ITC) transfer for Ho’Ohana, a co-located solar and battery storage project developed by 174 Power Global in Oahu, HI. This transaction marked a key milestone in Foss & Company’s expansion into large-scale, technology-intensive renewable assets and demonstrated the firm’s expertise in structuring tax equity financing for innovative clean energy projects. The project’s co-located design strengthens grid stability on the island and supports Hawaii’s push toward higher renewable energy penetration. PROJECT DETAILS LOCATION Oahu, HI
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The Hawaiian Electric Feed-In Tariff (FIT) program is designed to encourage the addition of more renewable energy projects in Hawaii. Pre-established FIT rates and standardized FIT contract terms provide an efficient way to sell renewable energy to the Hawaiian Electric, an investment rated utility. Solar projects in Hawaii generate both federal and state tax credits. Solar projects like these increase access to clean, affordable energy for households across the state of Hawaii. The energy generated from the Hawaii Utility Solar Portfolio is non-polluting, low cost, and will provide energy to thousands of Hawaiian residences. PROJECT DETAILS LOCATION Hawaii
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