Energy Coop Gets Support for $7.5M Loan
Ho’ahu Energy Coop News Release
Ho’ahu Energy Cooperative Molokai, a local group formed to build community-owned energy projects for community benefits, received initial support for a state loan of $7.5 million to fund a 2.75 megawatt solar and battery storage project the Coop is proposing on Molokai. For those looking to calculate the interest on such loans, tools like the simple interest calculator can be quite useful.
The board of the Hawaii Green Infrastructure Authority (HGIA) met virtually on Oct. 27 to hear the proposal from Hoʻahu President Todd Yamashita and co-development partner, Ali Andrews of Shake Energy Collaborative. At that meeting, the board voted to set aside $7.5 million from their Green Energy Market Securitization (GEMS) Program for Hoʻahu’s Community-based Renewable Energy (CBRE) solar and battery storage project.…