The commission also found that Honua Ola’s promise of eventual carbon neutrality was speculative at best and, in the end, contrary to the public interest. In development and construction costs, while the 2017 approval of an amended agreement called for the company to build the 30-megawatt plant to completion and to begin producing energy as soon as possible, bringing the total investment over $520 million.īut in May the PUC voted 2-1 to reject the amended agreement, saying the project would emit substantially more carbon than it sequestered for at least the firstĢ5 years of operation and would end up raising ratepayer prices during that time. Lee said that decision led to Honua Ola spending $175 million The PUC previously approved an agreement between Hawaiian Electric and Honua Ola in 2013. To pay high energy rates mostly based on expensive fossil fuel oil, while also increasing the likelihood of grid instability and more blackouts,” he said. “We believe this decision sets back Hawai‘i’s renewable energy transition and results in Big Island residents having to continue Position by not sufficiently considering greenhouse gas impacts in 2017, which then resulted in several years passage of time,” Lee said.
“It’s important to remember that it was the PUC that placed Honua Ola in this He said the plant is now fully constructed in accordance with the PUC’s previous orders approving the project in 2013 and again in 2017. Lee said the court’s decision effectively prevents Honua Ola from providing 24/7 renewable energy that would replace fossil fuel. In a statement, Warren Lee, president of Honua Ola, expressed disappointment and said the company “is evaluating its options going forward.” Indeed, doing so would have betrayed its constitutional duty.” “The PUC was under no obligation to evaluate an energy project conceived of in 2012 the same way in 2022. “The reality is that yesterday’s good enough has become today’s unacceptable,” the court concluded in a 20-page decision written by Associate Justice Todd W. May 23 decision denying a power purchase agreement between Hawaiian Electric and Honua Ola, legally known as Hu Honua Bioenergy. The high court unanimously affirmed the Public Utilities Commission’s The state Supreme Court on Monday once again dashed Honua Ola Bioenergy LLC’s hopes of bringing its $520 million Hawaii island biomass plant into operation burning trees for renewable energy.
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