Oakland company gets Hawaii green lending contract
May 24, 2017 | 72° | Check Traffic

Top News

Oakland company gets Hawaii green lending contract


The Department of Business, Economic Development, and Tourism has given a contract to Oakland, Calif.-based Renewable Funding to develop and manage a green finance program for the state.

The “Green Energy Market Securitization,” or GEMS, program will allow low- and moderate-income homeowners, renters and non-profits to finance the purchase and installation of energy saving devices without high upfront costs.

The GEMS program will use $150 million in low-cost bond market funds and other sources of private capital to finance the upfront cost of solar photovoltaics, said Renewable Funding in a news release.

The GEMS program is scheduled to begin providing financing in late 2014.

No comments
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.