Solar and energy storage company Holu Hou Energy (HHE), a U.S. subsidiary of China-based IoT and clean energy solutions firm Borqs Technologies, has signed a $20 million agreement to deliver a renewable energy generation and storage system at a new sports training facility by Honokea Villages, a Hawaiian surfing village and resort developer.
The new ecological sports training and Hawaiian Cultural center in Honokea’s local community will have Olympic-standard facilities for surfing, sport climbing, kayaking, beach volleyball, and more.
HHE’s renewable energy system, with more 3 MW of PV generation and over 4 MWh of energy storage, will be capable of powering 100% of the facility’s operations.
Construction of the new renewable energy system is set to begin in 2023, and the project will be funded through a 20-year power purchase agreement.
Including the Honokea project, HHE has signed solar and energy storage contracts worth $49.8 million in the second quarter of this year.
Honokea Villages was founded in 2011 to meet the market of incorporating Hawaiian surf culture into the then new surf park industry. The company now has more than 100 surf parks in development or planning stages around the world.