Hoku Solar plans to install the photovoltaic (PV) power system on the roughly 25,000sqft rooftop at Young Brothers’ maintenance building at the Honolulu port piers 39 and 40.
Young Brothers will buy the electricity generated by Hoku Solar or its affiliate, which would own and operate the system, and sell the electricity generated by the PV power system to Young Brothers at a predetermined rate over a period of 20 years.
Over the 20-year life of the contract, the power generated by the 224kW PV system is expected to offset more than 4,000 tons of CO2 emissions. Hoku Solar plans to complete the installation in 2008, subject to its ability to obtain third-party financing for the procurement and construction of the system.
