Hawaiian Electric's commitment to renewable energy is an important step towards achieving a sustainable future for Hawaii. The company's vision is to empower its customers and communities with clean, reliable and affordable energy, and to provide innovative energy leadership for the state. To this end, Hawaiian Electric has taken several steps to reach its goal of 100% renewable energy by 2045, including the selection of a developer to build and maintain the largest renewable energy project and the first to offer the island's shared solar program. In addition, Hawaiian Electric and the National Renewable Energy Laboratory (NREL) have identified locations on the islands that have the right technical conditions for future renewable resources.
The impact of Hawaiian Electric's renewable energy program on the environment is significant. By investing in renewable energy projects, Hawaiian Electric is helping Hawaii reduce its dependence on imported oil and mitigate the impacts of climate change. This shift towards renewable energy sources will also create jobs in the state, as well as provide clean, reliable and affordable energy for its customers. Partnerships with the public and private sectors, such as Drive Electric Hawaii, the Hawaii-Okinawa Memorandum of Cooperation, and Hawaii Advanced Visualization Environment Nexus, are also critical to promoting clean energy through HCEI.
The Hawaiian Electric team is pleased to provide technical support to the Molokai Clean Energy Hui in its planning process to develop a portfolio of clean energy projects to achieve 100% renewable energy for the island that is feasible, respectful of Molokai's culture and environment, and with strong community support. Overall, Hawaiian Electric's renewable energy program is having a positive impact on the environment by reducing our dependence on imported oil and mitigating the impacts of climate change. The company's commitment to investing in renewable energy projects will help ensure that Hawaii remains a leader in clean energy and sets an example for other states looking to transition to renewable sources of power.
