– by Duane Shimogawa, April 20, 2016, Pacific Business News
Photo: Alexander & Baldwin / Ed Gross
Hawaiian Electric Co. and Alexander & Baldwin Inc. may be working on a deal where the Honolulu-based utility would utilize A&B subsidiary Hawaiian Commercial and Sugar Co.’s land for possible renewable energy projects as the 36,000-acre plantation shifts out of farming sugar, the head of HECO confirmed to PBN.
In January, A&B, one of the state’s largest landowners, said it was transitioning out of farming sugar at its HC&S plantation on the Valley Isle to move toward diversified agriculture. The transition will lead to the laying off of nearly all of the plantation’s 675 employees. In March, HC&S laid off nearly 100 employees as the company began to wind down its sugar operations.
– by Duane Shimogawa, February 17, 2016, Pacific Business News
Photo: Hu Honua Bioenergy
Hawaiian Electric Co. plans to terminate its power purchase agreement with Hu Honua Bioenergy on March 1 after the developer of the large Big Island biomass plant missed several deadlines that were part of the contract between the two companies, according to public documents.
In an update of the Hu Honua Bioenergy project to the Hawaii Public Utilities Commission, Hawaiian Electric said that the project has been significantly delayed, and has missed deadlines, such as beginning commercial operations by Jan. 22.
“[Hu Honua has] failed to provide adequate assurances that [it] can perform or has the financial means to perform in the future or otherwise be relied upon as a provider of renewable firm generation on [the Big Island],” HECO said in its update to the PUC. “Absent compelling changes in circumstances, [we] intend to terminate the [power purchase agreement] effective March 1.”