Green energy funding sought – Honolulu Star

June 11, 2014 by  
Filed under Green Energy News

The state is seeking regulatory approval to move forward with a plan that will allow utility customers in Hawaii to finance renewable energy investments.

The Department of Business, Economic Development and Tourism filed two applications Friday with the state Public Utilities Commission that will allow the state to issue bonds to provide funding for the Green Energy Market Securitization program. The program creates a fund from which utility customers can borrow to pay for solar photovoltaic systems, energy-efficient lighting systems and other “green” proj¬≠ects aimed at reducing the state’s reliance on oil for electricity generation. The program is expected to be available to customers by November.¬†Login for more…

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