Hawaii Business Energy Resource Guide
(page 12 of 13)
Green Energy for All
“Being in the middle of the Pacific Ocean, we will always pay a premium for oil,” says Richie Aqui, managing director of Akamai Energy. “The growth of clean energy in Hawaii has created an abundance of jobs and has saved the state millions of dollars in energy costs.”
“Going green should be an option for everyone, not just some.”
-- Richie Aqui, Managing Director - Akamai Energy
Incentive packages and assistance with power purchase agreements are a part of Akamai Energy’s full-service mission to provide the highest quality photovoltaic system at an affordable price. A Power Purchase Agreement (PPA) is a financing structure in which a private entity owns and operates a solar system installed on a customer’s property at no cost to the customer. The private entity then sells the energy to the customer at a discounted rate.
“A power purchase agreement is a very attractive option for most companies who don’t have the up front capital,” says Aqui.”This allows a business to avoid being a victim of rising energy prices without a substantial initial investment.”
Aligned with the Hawaii Clean Energy Initiative, Aqui sees other areas for growth in renewable energy use and solar systems.
“I’d like to see more young homeowners go green with PV solar,” says Aqui. “I would also like to see more schools go green with solar systems. The savings on rising energy costs alone would help provide our keiki with a better educational environment.”
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