Hoku Solar Selected to Design and Build Seven-Megawatt Solar Energy Facility on Kaua'i

Hoku Solar, Inc., a wholly owned subsidiary of Hoku Corporation (NASDAQ: HOKU) that delivers investment-grade solar energy facilities for commercial, institutional and utility clients, today announced the signing of an agreement with a subsidiary of Alexander & Baldwin, Inc. (A&B), to design and build the 7.2 megawatt Port Allen Solar Farm for A&B on the island of Kaua'i, Hawaii. Hoku Solar will partner with Helix Electric, Inc., one of the largest electrical contractors in the U.S., to construct the photovoltaic facility, which is expected to be placed in service in late 2012. A&B selected the Hoku-Helix project team via competitive bid. Power generated by the Port Allen Solar Farm will be sold by A&B to the island's electrical utility company, Kaua'i Island Utility Cooperative (KIUC) under a 20-year agreement recently approved by the Hawai'i Public Utilities Commission.