The Hawaii Office of Information Practices has rejected a community group’s request for confidential information regarding a planned wind energy farm involving Castle & Cooke Chairman David Murdock. The office concluded that disclosing the confidential information would cause competitive harm by revealing business practices and compromising future negotiations.
In 2012, Oracle Chairman Larry Ellison acquired 98 percent of Lanai from Murdock for an estimated $300 million. The transaction caused Murdock to fall from No. 40 on the Land Report 100 to No. 72. As part of the deal, Castle & Cooke retained the rights to develop the 200MW wind farm. According to Castle & Cooke President Harry Saunders, Ellison did not want to be involved with the wind farm project, and Murdock didn’t want to sell it. Read more HERE.
Photo Credit: Pacific Business News
Lanai Wind Farm Specs to Remain Confidential
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