This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

SolarCity To Provide Solar Electricity To 7,500 Military Homes At Island Palm Communities At Multiple Army Bases In Hawai'i

Stocks in this article: SCTY

MILILANI, Hawai'i, July 24, 2013 (GLOBE NEWSWIRE) -- SolarCity (Nasdaq:SCTY) today announced plans to add 12.8 megawatts of new solar generation capacity to provide solar power to up to 7,500 military homes at Lend Lease-managed Island Palm Communities throughout the island of Oahu, including Fort Shafter, Schofield Barracks, Wheeler Army Airfield, Aliamanu Military Reservation, Helemano Military Reservation and Tripler Army Medical Center in Hawai'i. The projects are the latest to be announced under SolarCity's SolarStrong initiative, a five-year plan to build more than $1 billion in solar projects to provide power to up to 120,000 military homes in the United States. SolarCity has now initiated projects that are expected to provide renewable power to approximately 22,000 military homes when completed.

In addition to the work announced today, SolarStrong projects are underway at Fort Bliss in Texas, White Sands Missile Range and Holloman Air Force Base in New Mexico, Joint Base Pearl Harbor-Hickam, Marine Corps Base Hawai'i and Navy Region Hawai'i, Los Angeles Air Force Base, and Peterson and Schriever Air Force Bases in Colorado.

"Hawai'i is dependent upon petroleum for approximately 75 percent of its energy needs, making the military's further adoption of solar a win for national security as well as the environment," said Aaron Gillmore, SolarCity's vice president of solar development.

In addition to SolarStrong, SolarCity is pursuing a veteran hiring initiative as part of its Workforce Development program. The company currently employs more than 100 veterans in various positions, including IT, sales, managerial, administration, design and installation. SolarCity has partnered with several veteran programs across the country, including Veteran Affairs national offices, JPMorgan Chase & Co's '100,000 Jobs Mission,' Swords to Plowshares, The California National Guard, The California Conservation Corps and Veterans Green Jobs. SolarCity was recently recognized by the Employment Development Department (EDD) and the California Employer Advisory Council (CEAC) for "outstanding service in the employment of veterans" for the year 2013 and also received the "Outstanding Industry Partner Award" from Veterans Green Jobs.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,828.24 +0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASDAQ 4,791.63 +4.3130 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs