Lāwa’i Solar and Energy Storage Project

The Lenders | Hawaii

Project description

The project, owned and operated by AES Distributed Energy, consists of a 28 MW solar photovoltaic (PV) and a 100 MWh five-hour duration energy storage system. AES designed the unique DC-coupled solution, dubbed “the PV Peaker Plant,” to fully integrate PV and storage as a power plant.

Scope of work

Our scope of work entailed (i) conducting legal due diligence, including review and negotiation of material project documents, such as offtake agreements, EPC agreements, equipment supply agreements, O&M and service agreements, and (ii) drafting and negotiation of financing documents, including credit agreement, sponsor support agreement and security documents.

What makes this project unique

The project is the largest operational solar and storage system in the world. While many other systems, especially AC-coupled systems, coexist but are not tied together, this PV Peaker Plant solution fully combines and integrates the components into a singular harmonious system at a never-before-seen scale. The system has the ability to supply solar generation to the grid while charging the battery system. Power stored in the battery system will be provided to the grid during peak demand periods. It can also send solar and battery power at the same time to meet any unexpected increases in demand and provide ancillary services to support the grid. (North America 2019 Battery Storage Deal of the Year by IJ Global)

Meet the team

The project was led by our teams in New York, Los Angeles and Washington, DC.