Hale Kuawehi

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 Hawaiʻi, 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.