WAIMEA Hawaii, Dec. 22, 2021 /PRNewswire/ — Parker Ranch, Inc., through its renewable energy subsidiary Paniolo Power Company LLC, is working with CanadaInnergex Renewable Energy Inc., based in New York, on the development and operation of the 30MW Hale Kuawehi Solar Project. This project will provide power for approximately 15,000 households using clean, renewable energy. The project will be one of only two utility-scale solar farms in the Island. Hawaii, reducing dependence on imported fossil fuels, and moving the State-wide goal of producing 100% of its electricity from renewable energy sources by 2045. In 2019, the Public Utilities Commission approved the 25-year power buy agreement with Innergex to supply electricity to Hawaiian Electric. $0.08/kWh. This is one of the most cost-effective energy sources on the island, which will help to reduce electricity bills for all Island residents. The project will also generate almost 20% of the Island’s electricity. Hawaii’sBaseload electricity is required, which means that over 500,000 barrels oil can be avoided over the next 25 years.
Parker RanchInnergex has over 30 years of operating and development experience in renewable energy projects around world. Innergex has a track record of engaging with communities and has committed to working alongside local businesses and contractors to develop Hale Kuawehi. The project is expected in 2022 to be completed with commercial operation by 2022. The Hale Kuawehi Solar and Battery Storage Facility will comprise 30MW AC photovoltaic panels with single-axis trackers, plus 120MWh battery energy storage. It will be located on approximately 300-acres near Parker Ranch’s Industrial Park, off Mamalahoa Highway. The project will bring multiple benefits to the community, including inflows of tax revenue that can be used for reinvestment on the Island or job creation. Innergex is currently developing a community benefits package and reaching out to local non profit organizations.
Parker RanchRecognizes the impact of human-caused climate changes on the planet. Climate change is real, as evident by the devastating effects of extreme weather and other environmental conditions all over the globe.
To limit the social disruptions and hardships resulting from the climate crisis, it is necessary to take immediate and large-scale measures. Greenhouse gas emissions can be reduced by switching to clean energy sources and using solutions to store and remove carbon dioxide from the atmosphere. Through the Hale Kuawehi and other sustainability initiatives Parker RanchThese issues are being addressed by Innergex. “We are happy to be working with Innergex in order to bring more renewable electricity online for the State and the Island. This project aligns with our mission to support our Beneficiaries and improve the quality of life in our community,” said Dutch Kuyper, President & CEO of Parker Ranch Inc. “We look forward to sharing plans on additional renewable energy and sustainability initiatives that will further reduce fossil fuel consumption and CO2 emissions, helping to address the threats of climate change.”
Parker RanchAs part of its strategic plan, the company is using various approaches to reduce carbon emissions. It also modified its ranching strategy in order to reduce its carbon footprint. Parker RanchIt is also actively seeking reforestation opportunities and other opportunities to increase clean renewable energy generation.
About Parker Ranch
Parker RanchIt is one of America’s oldest and largest cattle ranches. Parker Ranch Inc. is wholly-owned by Parker Ranch Foundation Trust whose beneficiaries are four non-profits: Queen’s North Hawai’i Community Hospital, Hawai’i Preparatory Academy, Parker SchoolHawai’i Community Foundation, and. For more information, please visit www.parkerranch.comOr www.prft.org.
About Paniolo Power CompanyPaniolo Power Company LLC, a subsidiary of Parker Ranch Inc. was established in April 2014To pursue community-based, reasonably-priced clean energies for the Waimea KohalaBoth for Hawaii Island and the communities they serve. Paniolo Power is leveraging Parker RanchResources to develop affordable, renewable energy for Hawaii Island to increase energy security and sustainability. To learn more, visit www.paniolopower.com.
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SOURCE Parker Ranch