LANAI (KHNL) - Maui Electric Company and Castle & Cooke announced their recent power purchase agreement.
Under the agreement, MECO has agreed to buy renewable electricity from Castle & Cooke's solar farm on Lanai.
The Lanai solar farm will supply up to 30% of peak electrical demand on Lanai and is expected to generate 10% of the island's total power needs.
Castle & Cooke president Harry Saunders says this power purchase agreement is a significant milestone for Castle & Cooke.
"It marks the first step of our commitment to provide clean energy and paves the way for Lanai to become the first Hawaiian island to generate 100% of its own electricity," said Saunders.
Saunders says this effort will help the State realize its goal of 70% renewable energy by 2030.