Wood-powered plant on Kauai gets financial green light

The Koloa facility will serve thousands of homes and reduce the need to import oil

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Oct 11, 2012

~~<p>A renewable-energy developer building a wood-fired power plant on Kauai has finalized its financing plans and is scheduled to begin construction early next year on the facility that will provide an estimated 11 percent of the island's electricity needs.</p>
<p>Green Energy Team LLC received a $72.9 million loan guarantee from the U.S. Department of Agriculture's Rural Utilities Service for the 6.7-megawatt plant to be built near Koloa, officials from the Kauai Island Utility Cooperative announced Wednesday.</p>
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A renewable-energy developer building a wood-fired power plant on Kauai has finalized its financing plans and is scheduled to begin construction early next year on the facility that will provide an estimated 11 percent of the island's electricity needs.

Green Energy Team LLC received a $72.9 million loan guarantee from the U.S. Department of Agriculture's Rural Utilities Service for the 6.7-megawatt plant to be built near Koloa, officials from the Kauai Island Utility Cooperative announced Wednesday. Login for more...