Private Funding Resources in Hawaii

There are different avenues of financing available to renewable energy companies that can be pursued depending on the development stage of your project from conventional lending institutions, to private equity and venture capital firms.

1)  Hawaii Angels  (Private Equity)
Summary: Angel investors are high net-worth individuals who make equity investments in entrepreneurial businesses. Individual members have invested more than $30 million in various companies and have played a significant role in Hawaii’s start-up community.  Members often mentor entrepreneurs and provide new companies with valuable business advice and important contacts. The group typically invests in seed and start up companies.

2) Hawaii Venture Capital Association
Summary: Venture capital is a subset of private equity and is popular among new companies or ventures with  limited operating history, which cannot raise funds by issuing debt. Most venture capital comes from a group of wealthy investors, investment banks and other financial institutions that pool such investments or partnerships. The Hawaii Venture Capital Association was founded in 1988 to serve as the nexus for entrepreneurship, capital formation and networking. Pleaser refer to the company website for more information and contacts.

3) Commercial Scale Renewable Energy Investment Firms
Summary: The following list represents a sample of local and mainland investment firms that engage in renewable energy project finance, investment and consulting services for commercial scale projects in a variety of technologies. Certain solar installers also offer solar financing via power purchase agreements or other arrangements for nonprofit and for-profit entities.

Bonterra Solar

Distributed Energy Partners

Greenpower Capital 

Island Pacific Energy

Kairos Energy Capital 

Sunetric

4) Financial Institutions
SummaryConventional lending institutions offer an array of debt instruments from business loans to credit lines that can often compliment the overall financing profile of renewable energy companies that have an established business record or other means of establishing collateral.  Compare local rates by asset size at Hawaii Banking Rates 

American Savings Bank
1001 Bishop Street, Suite 100 Honolulu, Hawaii 96813
American Savings Bank Customer Service Number: 800-272-2566

Bank of Hawaii
111 South King Street Honolulu, Hawaii 96813
Bank of Hawaii Customer Service Number: 888- 643-3888

Central Pacific Bank
220 South King Street Honolulu, Hawaii 96813
Central Pacific Bank Customer Service Number: 800-342-8422

Finance Factors, Ltd.
1164 Bishop Street Honolulu, Hawaii 96813
Finance Factors Customer Service Number: 800-648-7136

First Hawaiian Bank
999 Bishop Street Honolulu, Hawaii 96813
First Hawaiian Bank Customer Service Number: 888-844-4444

Hawaii National Bank
45 North King Street, 7th Floor Honolulu, Hawaii 96817
Hawaii National Bank Customer Service Number: 808-528-7711

Ohana Pacific Bank
1357 Kapiolani Boulevard, Suite 102 Honolulu, Hawaii 96814
Ohana Pacific Bank Customer Service Number: 808-237-6551

Territorial Savings Bank
1000 Bishop Street Honolulu, Hawaii 96813
Territorial Savings Bank Customer Service Number: 808-946-1400

 

5) Small Business Administration Loans
Summary: Small Business Administration  (SBA) loans are business loans guaranteed by the Federal government. They are designed to provide longer-term financing to small businesses that may need longer repayment terms or other special considerations. Specifically, the 7(a) Loan Program( which is the most basic and frequently used type of SBA loan) comes from section 7(a) of the Small Business Act, which authorizes the agency to provide business loans to American small businesses. SBA loans are administered by a variety of Hawaii lenders, many of which are listed above.

 

 

 

Important Notice:
Please note that the listings, the associations and contacts herein are provided for informational purposes only and is not meant to be all inclusive. The Department of Business Economic Development and Tourism does not endorse or certify the individuals, firms or businesses on these lists. If you are a firm that engages in the specialization of commercial scale renewable energy project development, finance, consulting or investment services and wish to be added to the content found in these summary pages, we welcome you to contact us and provide your information for listing.  Please contact Cameron Black at cameron.b.black@hawaii.gov.