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Oakland company gets Hawaii green lending contract

By Star-Advertiser Staff


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.

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awahana wrote:
Over a year later, its ok for the State of Hawaii to send our economic funds to investors in other states, much like how when a homeowner signs with Solar City or Vivint, and takes our 35% state tax credits for renewable energy, and our local installer workers jobs.
When will our politicians get akamai? Ever?
on June 3,2014 | 04:40PM
AndrewWalden wrote:
Calling all Cronies: Hawaii to Burn $150M on Subprime Energy Loan GEMS http://www.hawaiifreepress.com/ArticlesMain/tabid/56/ID/12618/Calling-all-Cronies-Hawaii-to-Burn-150M-on-Subprime-Energy-Loan-GEMS.aspx
on June 3,2014 | 07:52PM
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