In July 2013, Hawaii initiated a transformative legislative move, empowering the Department of Business, Economic Development, and Tourism to spearhead the issuance of Green Infrastructure Bonds. These bonds mark a pioneering endeavor aimed at facilitating access to low-cost financing for a comprehensive spectrum of clean energy installations, ranging from renewable energy ventures to intricate energy efficiency initiatives. The strategic allocation of bond proceeds is poised to fuel the realization of an ambitious on-bill financing program meticulously orchestrated by the Public Utilities Commission. This strategic collaboration not only propels Hawaii towards its renewable energy targets but also embodies a paradigm shift towards sustainable energy practices, reinforcing the state’s commitment to environmental stewardship and economic resilience.
