Molokai Renewables is a joint venture between Pattern Energy Group and Bio-Logical Capital. The company was formed to explore an opportunity to provide clean energy to Hawai‘i in a responsible manner through a 200MW wind project on Molokai Ranch lands.
Recently, Molokai Properties announced that it has made a decision not to renew the agreement for the proposed wind project on Molokai Ranch at this time. While we are disappointed, we respect their decision. We have enjoyed working with Molokai Properties and appreciate their commitment to Moloka‘i.
While we were still many years away from potentially building a wind farm, our initial research indicated that Moloka‘i‘s residents would benefit from the kind of sustainable wind project we were proposing—one with unique benefits commitments to restore and conserve the land, preserve Moloka‘i ‘s rich culture and way of life, and enhance the ocean resources and local food supply that Moloka‘i depends on.
It has been gratifying to see how many residents were open to the idea of creating a sustainable energy source, and to receiving the benefits that would flow to local residents from this project.
Molokai Renewables is deeply grateful to the residents of Moloka‘i who provided us with many excellent ideas on how to best approach establishing a clean, green wind farm on the island. We shall miss working with them.
Pattern Energy and Bio-Logical Capital remain committed to helping Hawai‘i achieve its clean energy goals by developing sustainable energy sources, and thus reduce our dependence on imported fuel oil. Our companies will continue to pursue other sustainable energy projects that promote environmental stewardship in Hawai'i.