State Green Energy Loan Fund Yields Few Measurable Results in 2nd Year

posted in: March 2016 | 0

Rep. Cynthia Thielen of Kailua was frank: “I think that GEMS has not been run well. A million dollars to place out three loans is pretty pathetic. I mean, that may rank at the top of the pathetic list of what the state has done.”

Thielen made her remarks at a hearing last month on a proposal to take money from an account held by the state’s Green Energy Market Securitization program – GEMS, for short – and use it to pay for programs to cool hot classrooms across the state. To achieve this, Gov. David Ige had proposed lending the . . .

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