Hawaii will soon be home to a 1.5 MW solar farm, which will be the fourth largest in the U.S.
Castle & Cooke, Inc. signed a contract through its subsidiary, Lana`i Sustainability Research, LLC, to build the solar PV farm. It will be built on a 10-acre site by SunPower (Nasdaq:SPWR).
The project will use SunPower Tracker technology, which features an innovative single-axis design that enables the solar panels to automatically follow the path of the sun throughout the day. This advanced tracking system will significantly increase energy capture by more than 500,000 kilowatt hours annually.
“This project will add 14.4 percent to the installed electric generating capacity on Lana`i and its day-time duty is expected to provide up to 30 percent of the island’s power demand,” noted Maui Mayor Charmaine Tavares. “This clean, renewable energy project will replace the equivalent of 202,400 gallons of diesel fuel, thereby avoiding 4.5 million pounds of global-warming carbon dioxide emission in Maui County annually.
Castle & Cooke is in the process of negotiating a power purchase agreement with MECO to provide the solar power to Lana`i’s community through MECO’s electrical grid.
Castle & Cooke is also moving forward with plans for wind energy and growing feedstock for bio fuels.
About Castle & Cooke
Castle & Cooke, Inc. and its affiliated companies have operations in more than 24 states. The company’s diversified businesses include the development and ownership of real estate, leasing of transportation equipment, manufacture of brick and building materials, and ownership of public warehouses.
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