GEMS Update: The Green Energy Market Securitization program, which was the subject of several articles in the March issue of Environment Hawai`i, has signed up with Pacific Rim Bank as the provider of GEMS-backed loans. At its February 26 meeting, the Hawai`i Green Infrastructure Authority (HGIA) approved several agreements needed before the first of the green-energy loans can be made, including one with Pacific Rim Bank to process all the loan applications. Pacific Rim receives an origination fee of 1 percent of the loan amount, plus a servicing fee of half a percent of the outstanding . . .
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