- 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.
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Borqs’s signs agreement for $20M to deliver renewable energy to Hawaii facility