Hoku Solar Inc., a wholly owned subsidiary of Hoku Scientific Inc., and Young Brothers have entered into a definitive agreement for Young Brothers to purchase solar electricity generated by a 224 kW photovoltaic system to be installed, owned and operated by Hoku Solar.
Hoku Solar plans to install the PV power system on a 25,000 square-foot rooftop at Young Brothers' Honolulu port at Pier 39 and 40. Young Brothers will buy the electricity generated by Hoku Solar or its affiliate at a predetermined rate over a period of 20 years.
SOURCE: Hoku Scientific
