comscore Oakland company gets Hawaii green lending contract | Honolulu Star-Advertiser
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.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up