Maui Electric agrees to buy renewable energy from Lanai solar farm

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.

This will be the largest solar installation in Hawaii and one of the larger systems in the nation.