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home / news releases / BRQS - Borqs's signs agreement for $20M to deliver renewable energy to Hawaii facility

BRQS - Borqs's signs agreement for $20M to deliver renewable energy to Hawaii facility

Borqs Technologies Inc.
  • Borqs Technologies ( NASDAQ: BRQS ) said on Friday its subsidiary Holu Hou energy signed an agreement with Honokea Villages for $20M to deliver renewable energy to Hawaiian cultural and sporting facility.
  • The development will have training facilities for surfing, sport climbing, kayaking, beach volleyball.
  • The company said the renewable energy system will feature over 3 MW of PV generation and over 4 MWh of energy storage, enough to power 100% of the operations of the facility, and will be financed under a 20-year power purchase agreement.
  • The system will begin construction in 2023.
  • ( BRQS ) stock rose 3.4% before the bell.

For further details see:

Borqs’s signs agreement for $20M to deliver renewable energy to Hawaii facility
Stock Information
Company Name: Borqs Technologies Inc.
Stock Symbol: BRQS
Market: NASDAQ
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