The U.S.-based solar company will design, build and operate the system, which will be located in Kalaeloa, West Oahu.
The construction period is slated to last five months. It will commence, says SunPower, upon the receipt of applicable permits. When complete, the solar system is expected to be the first utility-scale project of its kind in the region.
Under the power purchase agreement, the price of the generated energy per kilowatt hour, says SunPower, will start at under 20 U.S. cents "and will initially escalate at a fixed rate before a price reduction during the second half of the contract."