USA: Blue Earth Inc., a renewable energy and energy efficiency services company, announced that its wholly owned subsidiary, Xnergy Inc. signed two agreements totaling approximately 4 megawatts with National Energy Partners, LLC for the sole purpose of building and providing operational services for custom solar PV rooftop power systems for 24 schools in Hawaii.
Nine of the schools are located on the Island of Oahu and 15 of the schools are located on the Island of Kauai, which constitutes the majority of the Kauai Complex Area School System.
The announcement is a follow up to our March 26, 2013 news release stating the agreement for 3 megawatts on 15 schools for approximately $4.5 million in EPC revenue. The parties subsequently contracted for another 1 megawatt with the addition of nine more schools.
NEP will provide the construction financing for the projects. The projects are expected to begin construction during the second quarter of 2013 and are targeted for completion during the fourth quarter of 2013.
National Energy Partners (NEP) is a renewable energy company based in Mount Laurel, NJ. Renewable energy based businesses are among the fastest growing sectors of our economy. Specializing in the development of photovoltaic solar electrical systems, NEP works with leading companies in their pursuit towards a greener society.