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REC Solar Unveils Hawaii's Largest Solar Electric System

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by Staff Writers
San Luis Obispo CA (SPX) Jan 31, 2008
REC Solar and Mitsubishi Electric have announced the completion of Hawaii's two largest solar installations for the Costco Wholesale locations in Kauai and Kona. The two systems, which are 680 kilowatts (DC) each, hold the distinction of being the biggest solar arrays in the state of Hawaii to date. Collectively, these systems will generate enough electricity to power 250 homes.

Inspired by generous government rebates and tax incentives other businesses in Hawaii have followed Costco's lead and are now installing solar electric systems as well. Hawaii Governor Linda Lingle recently pledged her commitment to the solar industry by announcing plans to install large scale solar electric systems on a number of government buildings.

"The booming solar industry has resulted in an unprecedented surge of job growth in Hawaii. The state's strategic solar incentive program is providing Hawaii with a unique opportunity to expand their economy beyond agriculture and tourism," said Angiolo Laviziano, CEO and President of REC Solar.

The completion of these installations marks the beginning of REC Solar's large scale commercial projects for Costco. REC Solar has also recently completed solar electric systems at the Costco locations in Goleta and San Luis Obispo, California.

According to Drew Bradley, Commercial Sales Consultant for REC Solar's Hawaii division: "It's great working with a forward-thinking company like Costco. They are continually making smart environmental and business decisions. Each solar electric system guarantees their store managers low priced electricity for at least the next 25 years. That's a legacy that every CFO can appreciate!"

Mitsubishi solar panels were used in all four installations because of their performance and reliability. "These solar electric systems will result in huge savings for Costco and we are honored to partner with two such innovative and respected companies," added Gina Heng, Director of Sales and Marketing for Mitsubishi Electric and Electronics USA's Photovoltaic Division.

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XsunX Comments On Solar Comparative Analysis Report
Aliso Viejo CA (SPX) Jan 31, 2008
XsunX announced the release of a report providing a detailed, unbiased analysis of the Company's competitive position relative to incumbent PV-technologies and immediate competing products. The report, funded by XsunX in response to market interest, was investigated and prepared by IBIS Associates, a management-consulting firm that specializes in assisting clients with business development decisions concerning materials based manufacturing technologies.







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