April 4 (Bloomberg) -- Boeing Co. is building Guam’s first solar plant, which will help the Pacific island generate electricity more cheaply than from the imported fuel oil and diesel it currently burns.
Boeing, the world’s largest planemaker, is handling engineering, procurement and construction of the 25-megawatt project for the plant’s owner, Princeton, New Jersey-based NRG Energy Inc., NRG spokesman Jeff Holland said in an e-mail. Three Boeing spokesmen didn’t immediately respond to e-mailed questions after hours.
The solar plant is expected to save Guam, a Pacific U.S. territory, $300 million in fuel costs and will produce power at the lowest cost on average than any other generation source on the island at present, according to NRG.
The plant’s electricity will be sold to Guam Power Authority under two 25-year contracts, NRG said in a July statement when it acquired the project from Quantum Utility Generation LLC.
The Dandan project will provide enough energy to power the equivalent of 12,000 homes annually, according to Unirac Inc., which is supplying a steel mounting system.