Murdock's Castle & Cooke to keep wind farm rights for Lanai after sale to Ellison
At one time, Lanai was to become the home of the so-called "Big Wind" project, with Castle & Cooke building a 200 megawatt wind farm ...But the project encountered controversy in the community and complications with state regulators and the Lanai project remains in limbo.
June 21, 2012
in Pacific Business News
David Murdock says his company, Castle & Cooke, will retain the rights to develop a potential wind farm on Lanai after the sale of the Hawaiian island to billionaire Larry Ellison closes.
As PBN's Duane Shimogawa reports, Ellison, founder and CEO of Oracle Corp. (Nasdaq: ORCL), is buying 98 percent of Lanai from Murdock in a deal worth hundreds of millions of dollars.
Murdock, through a statement issued by Castle & Cooke, said he will keep his home on Lanai and also that he would keep the rights to the wind farm planned for the remote... [continue via Web link]