Young Brothers To Purchase Power From Hoku Solar System

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

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