Analyst Says Faster Solar Buildout Would Be Cheaper, Lower-Risk Than LNG Path
Matthias Fripp told lawmakers that, even using conservative assumptions, a high-solar pathway for Oahu could be roughly $100'145 million per year cheaper than the LNG plan and offers a lower-regret hedge against oil/gas price volatility.
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Matthias Fripp told the committee that the alternative fuel study compared LNG primarily to a high-oil baseline and did not sufficiently test least-cost, high-solar alternatives. Using conservative price assumptions, Fripp estimated a high-solar plan could save roughly $100'00 million per year on Oahu compared with the LNG pathway and could provide more insulation against global oil price volatility.
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