Green Infrastructure Bonds

August 19, 2024

Summary

S.B. 1087 of 2013 established the Hawaii Green Infrastructure Authority (HGIA) for the purpose of administering Green Infrastructure Bonds to secure low-cost financing for clean energy installations, including both renewable energy and energy efficiency measures. HGIA manages the Hawaii Green Energy Market Securitization (GEMS) Program, which is intended to create a sustainable financing structure through market driven public-private partnerships that will open access to financing for more Hawaii customers and democratize access to clean energy. HGIA has a goal of using 100% of funds to finance underserved households, defined as LMI households, renters, nonprofits, small businesses, and multi-family rental projects.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Hawaii
Incentive Type:	Bond Program
Web Site:	https://gems.hawaii.gov/
Administrator:	Hawaii Green Infrastructure Authority
Start Date:
Eligible Renewable/Other Technologies:	Solar Water Heat Solar Thermal Electric Solar Thermal Process Heat Solar Photovoltaics Wind (All) Biomass Hydroelectric Combined Heat & Power Landfill Gas Tidal Ocean Thermal Heat pumps Custom/Others pending approval Yes; specific technologies not identified Wind (Small) Hydroelectric (Small) Anaerobic Digestion Fuel Cells using Renewable Fuels

Authorities

Name:	HRS § 196-61, et seq.
Date Enacted:	07/02/2013

Contact

Name:	General Contact
Address:	Honolulu HI 96813
Phone:	(808) 586-2355

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.