HI HB211

Allows the Department of Land and Natural Resources (DLNR) to lease public lands for renewable energy projects through direct negotiation rather than competitive bidding.

Permits lease rent to be paid partially or entirely through equity participation (stock, royalty rights, partnership interests, or other ownership securities) in the renewable energy entity.

Defines "equity participation" as acceptance of ownership interests based on the capitalized fair market lease rental the State would otherwise receive over the lease term.

Subjects all renewable energy leases under this section to existing statutory requirements for industrial leases, including provisions in sections 171-36 and 171-53.

References the definition of "renewable energy" from section 269-91 of Hawaii Revised Statutes.