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Sopogy Receives $35 Million Dollar Approval by State of Hawaii

May 3, 2008

Renewable energy could get boost

The Legislature has approved up to $35 million in special purpose revenue bonds for local renewable energy technology firm Sopogy Inc.

The measure goes to the governor for final approval.

If approved, the bonds are expected to be used by Sopogy to develop a 10-megawatt solar farm plant on O’ahu. Honolulu-based Sopogy, which is headed by Darren Kimura, specializes in the development, manufacture and distribution of solar-powered systems.

Kimura applauded the Legislature and governor for taking the step to increase solar power production.

“Due to low energy cost and the high cost of construction, renewable energy has struggled to get traction on the island of O’ahu,” Kimura said. “These special purpose revenue bonds are a critical enabler in bringing clean solar power energy to the residents.”

The bill was introduced by Rep. Jon Riki Karamatsu, D-41st (Waipahu, Village Park, Waikele) and Sen. Ron Menor, D-17th (Mililani, Waipi’o).

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