NextEra Energy to use Parker Ranch for wind farm

Parker Ranch will provide land for wind farms to an affiliate of the company that is buying Hawaiian Electric Industries.

Parker Ranch Foundation Trust said Friday it entered into an agreement with NextEra Energy Resources, a subsidiary of Juno Beach, Florida-based NextEra Energy Inc., which offered to buy HEI for $4.3 billion in December.

“This agreement provides NextEra Energy Resources with long-term access rights to PRFT lands to develop renewable energy derived from PRFT’s wind resources,” Parker Ranch said in a news release.

“The potential for renewable energy on PRFT’s lands is unique on Hawaii island and in the state due to the size and scale of the wind resource,” the release said.

Terms of the agreement were not released.