GEMS – the state’s Green Energy Market Securitization program – has a problem: It just can’t figure out how to spend the $144 million or so it has in the bank. But it keeps trying.
Although the law setting up this program was intended to help low-income utility customers and other economically disadvantaged sectors share in the benefits of renewable energy technology, the Hawai`i Green Infrastructure Authority (HGIA), which manages GEMS, attempted in July to expand the pool of potential beneficiaries with a proposal to fund energy-saving initiatives of large corporations, with a minimum loan amount of . . .
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