Representative Jon Riki Karamatsu
Written Remarks
Senate Bill 3190, House Draft 1
Relating to Issuance of Special Purpose Revenue Bonds to Assist Sopogy, Inc.
Tuesday, April 8, 2008
I rise in support.
The development of clean electricity from a renewable and abundant resource, the sun, at a price lower than the market price and independent from oil price fluctuations will help Hawai’i become more self-sustainable and less reliant on fossil fuels. Sopogy, Inc., specializes in the development, manufacture, and distribution of its proprietary concentrated solar power systems that generate electricity. This bill would allow the issuance of $35,000,000 in special purpose revenue bonds to assist Sopogy, Inc. in its planning, designing, construction, equipping, and operating of a solar farm power plant on the island of Oahu. I am proud to see this Hawaii company play a role in developing our renewable energy industry.
Thank you.
JON RIKI KARAMATSU 