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Hoku Solar (HOKU) To Install Solar Power System On Xcel Building (XEL)
Xcel Energy has selected Hoku Solar to install a photovoltaic (PV) solar power system on Xcel’s headquarters in Oahu, Hawaii. Once the installation is completed, the 34 kilowatt PV system will generate 53,500 KW hours of energy each year. Over its lifetime, the system is expected to offset more than 885 tons of CO2 emissions.
Ed D’Ascoli, founder and president of Xcel, commented on the project and the choice of Hoku Solar, saying
"Xcel is focused on finding meaningful ways to reduce our environmental footprint that make good business sense. Our company was built on a passion for the ocean, so we are mission-compelled to do everything we can — as a company and as individuals — to implement sustainable strategies into our core business. And, like Xcel, Hoku is a global company with deep local roots committed to our community and environment. We saw a natural fit between our companies."
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