HI HB139

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not to exceed $90,000,000 to assist Anaergia Inc. with renewable energy and waste recovery projects on Maui.

Funds two projects: a central Maui facility processing up to 700 tons per day of municipal solid waste, green waste, and sewage sludge; and a west Maui project growing energy crops on approximately 1,800 acres of fallow agricultural land.

Projects will generate renewable methane-rich biogas and renewable electricity through anaerobic digestion systems, with outputs sold directly to off-takers or electric utilities.

Expected benefits include reduction of up to 200,000 tons of annual greenhouse gas emissions, 85% reduction in central Maui landfill deposits, creation of 60 permanent jobs plus 200 construction jobs, and over 10 megawatts of firm renewable power generation.

Bond issuance authorization expires June 30, 2020; act takes effect July 1, 2015.