Blue Earth Inc., a renewable energy and energy efficiency services company, has signed a joint development agreement with Hareon Solar Technology Co. Ltd. to jointly fund and develop a 497 kW ground mounted solar PV system.
The solar system, called the Waianae project, will be located in Oahu, Hawaii. Hareon will be the controlling member, while Blue Earth and Hareon Solar will jointly own the project initially.
The engineering, procurement and construction work will be performed by Xnergy Inc., a wholly owned subsidiary of Blue Earth Inc. The project is expected to be completed in the first quarter of 2013. It has in place a fully executed power purchase agreement with Hawaiian Electric Co.