NEWS

For Immediate Release: December 17, 2014 HONOLULU — The State Department of Business, Economic Development and Tourism has garnered a top financial industry award for its successful effort to raise $150 million in the bond market to support the new Green Energy Market Securitization (GEMS) program. The International Financing Review awarded the GEMS transaction its…

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For Immediate Release: October 29, 2014 HONOLULU — The Hawaii State Department of Business, Economic Development and Tourism Wednesday announced the details of an upcoming offering of approximately $150 million of bonds to support the department’s Green Energy Market Securitization program. DBEDT intends to use proceeds from the bond sale to fund a loan program…

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For Immediate Release: October 1, 2014 HONOLULU — The Department of Business Economic Development and Tourism welcomed the Hawaii Public Utilities Commission’s approval of DBEDT’s innovative Green Energy Market Securitization (GEMS) program, which will provide low-cost capital to finance solar photovoltaic systems and other clean energy improvements for Hawaii consumers who have had difficulty obtaining…

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For Immediate Release: September 15, 2014 HONOLULU — The State of Hawaii and the U.S. Department of Energy have agreed to continued cooperation as Hawaii embarks on the next phase of its clean energy future. Gov. Neil Abercrombie and Energy Secretary Ernest Moniz today signed a Memorandum of Understanding, reaffirming their commitment to the Hawaii…

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For Immediate Release: September 5, 2014 HONOLULU — The Public Utilities Commission has approved the State of Hawaii to issue up to $150 million in bonds to provide low-cost capital for a proposed loan program that would expand access to solar photovoltaic systems and other clean energy improvements for Hawaii consumers who have had difficulty…

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For Immediate Release: September 2, 2014 HONOLULU — Hawaii was recognized for the third consecutive year by the Energy Services Coalition as the nation’s leader for per capita investment in energy performance contracting (EPC), an innovative financing tool that allows government buildings to achieve significant energy efficiency savings without paying total capital expenses up front.…

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For Immediate Release: July 11, 2014 HONOLULU — The state honored 13 businesses and nine events today for their outstanding and innovative clean energy efforts at the 2014 Hawaii Green Business Awards. The awards were presented by Lt. Gov. Shan Tsutsui and hosted by the Hawaii State Energy Office of the Department of Business, Economic…

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For Immediate Release: July 7, 2014 HONOLULU — GreenSun Hawaii, a loan program administered by the Hawaii Community Reinvestment Corporation (HCRC), has reached the $3 million milestone of loans issued. The latest round of funding included the program’s first-ever commercial loan of $167,500 for a non-profit organization. GreenSun Hawaii was launched in 2011 to increase…

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For Immediate Release: June 20, 2014 HONOLULU – Gov. Neil Abercrombie today signed five energy-related measures (Acts 106 to 110) that address solar energy device warranties or guarantees, the energy systems development fund, the Public Utilities Commission, modernization of the electric grid and a car-sharing vehicle surcharge tax. “We spend billions of dollars a year…

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For Immediate Release: June 9, 2014 HONOLULU —The Hawaii Department of Business, Economic Development and Tourism (DBEDT) has filed two applications with the state Public Utilities Commission (PUC) seeking approval to move forward with the Abercrombie Administration’s Green Energy Market Securitization (GEMS) program, which will make solar panels and other clean energy improvements more accessible…

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For Immediate Release: June 2, 2014 HONOLULU — The White House today released new rules under the Clean Air Act governing what existing power plants must do to reduce earth-warming greenhouse gas emissions. These rules provide states flexibility to utilize energy efficiency and renewable energy, such as outlined in the Hawaii Clean Energy Initiative (HCEI),…

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For Immediate Release: April 29, 2014 HONOLULU — The Department of Business, Economic Development and Tourism’s (DBEDT) State Energy Office and Gov. Neil Abercrombie commended the Hawaii Public Utilities Commission’s (PUC) issuance of four major decisions and orders today. The PUC’s decisions and orders relate to Integrated Resource Planning (IRP), Reliability Standards Working Group (RSWG),…

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