1/25/2021 - Benzinga
SPI Energy Announced Start of Construction of Solar Plant in Oahu, Hawaii
Mentioned: SPI
SPI Energy Co., Ltd. ("SPI Energy" or the "Company"), SPI Energy Co., Ltd., (NASDAQ: SPI) (the "Company"), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, today announced that it, through its wholly owned subsidiary, SPI Solar, Inc. ("SPI Solar"), has started the construction of the 712kW Oahu 101-1 solar carport project. The project is located on the island of Oahu in Hawaii and will sell clean electricity to the Hawaiian Electric Company once completed.
"The start of construction of the Oahu 101-1 solar carport project is an important milestone for our Orange Power subsidiary, which is focused on owning and operating solar projects in the US.," said Xiaofeng Peng, Chairman and CEO of SPI Energy. "We are excited to take this next step in growing our solar asset base in the US through project ownership."
Under the Hawaii Clean Energy Initiative, the state is working to become the nation's first-ever 100% renewable energy portfolio. The Hawaii Clean Energy Initiative is a partnership between the State of Hawaii and the U.S. Department of Energy that launched in 2008. It brings together business leaders, policy makers, and concerned citizens committed to leading Hawaii to energy independence.
With the US re-entering the Paris Climate Agreement, new legislation is expected in the coming months to further the development of renewable energy to help keep average global temperatures from rising no more than 2 degrees Celsius, and preferably less than 1.5 degrees Celsius by 2100, compared to pre-industrial times.
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