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Green Plains Partners Completes Debt Refinancing (Ind. Report)
Green Plains Partners
Date: 2020-06-05
In the Cornhusker State, Omaha-based Green Plains Partners LP and Green Plains Inc. have announced the successful refinancing of the partnership's debt facility which was arranged by Bank of America. The loan was approved by all of its existing lenders and became effective on June 4, 2020.

The new loan will mature on December 31, 2021, and includes a $130.0 million term loan and a $5.0 million revolving credit facility. The term loan requires a principal payment of $7.5 million on July 15, 2020 and $2.5 million in monthly principal amortization thereafter, with a step up to approximately $3.2 million beginning May 2021. The loan is secured by substantially all of the assets of the partnership.

Green Plains Inc. is a diversified commodity processing business with operations that include corn processing, grain handling and storage and commodity marketing and logistics services. The company is one of the leading corn processors in the world and, through its adjacent businesses, is focused on the production of high-protein feed ingredients. Green Plains owns a 50 pct interest in Green Plains Cattle Company LLC and owns a 49.0 pct limited partner interest and a 2.0 pct general partner interest in Green Plains Partners LP, according to the release. (Source: Source: Green Plains Partners LP; Green Plains Inc., PR, 4 June, 2020) Contact: Green Plains Partners, Phil Boggs , Snr VP Investor Relations and Treasurer , (402) 884.8700, phil.boggs@gpreinc.com

More Low-Carbon Energy News Green Plains Partners news,  


BofA Addresses Climate Change Beyond Bus-as-Usual (Ind. Report)
Bank of America
Date: 2020-04-08
Following up on our 24th Jan. report, the Bank of America's Alex Liftman, global environmental executive, believes “significantly accelerating progress on addressing big global issues like climate change requires going beyond business-as-usual financing to find innovative approaches that can help attract a larger share of capital from a broader set of investors."

In January, BofA reported it achieved carbon neutrality a year ahead of schedule by reducing their location-based emissions by 52 pct since 2010, by purchasing 100 pct of their electricity from renewable sources, and, for unavoidable emissions, purchasing high-quality, third-party verified carbon credits. The bank also plans to transition away from purchasing unbundled renewable energy credits (RECS).

Under its Environmental Business Initiative (EBI), the bank has deployed $145 billion to low-carbon sustainable activities since 2007, with another $300 billion committed to these efforts until 2030. (Source: Bank of America, April, 2020) Contact: Bank of America, www.bankofamerica.com

More Low-Carbon Energy News Bank of America,  Climate Change,  Carbon Neutral,  


Ill. County Participating in LEED for Cities and Communities Sustainability Program (Ind. Report)
USGBC
Date: 2020-03-09
In Illinois, the Kane County Dept. of Resource Management reports the county is one of 20 agencies nationwide -- and the only one in Illinois -- awarded a US Green Building Council (USGBC) LEED for Cities and Communities program grant to tackle larger-scale energy efficiency and sustainability objectives with help from regional partners.

The LEED for Cities and Communities program offers participants access to a performance platform, educational tools and professional liaison to support LEED certification, according to the USGBC website.

The grant program, which also receives support from the Bank of America Charitable Foundation, allows county leaders to measure how their sustainability efforts fare both internally and globally. The program provides an award package to communities that have shown commitment in addressing climate change, resilience and social equity.

Each recipient receives an annual silver membership to the Green Building Council; registration and certification review fees in the LEED Cities and Communities program; access to the Arc platform that encourages improvement and benchmarking; and the availability of online educational resources, project management tools and monthly conference calls. (Source: US BC, Daily Herald, 7 Mar., 2020) Contact: Kane County Resource Management, Jessica Mino, Management Coordinator, 630-208-8665, minojessica@co.kane.il.us​, www.county ofkane.org; USGBC LEED for Cities and Communities Program, www.usgbc.org/leed/rating-systems/leed-for-cities, Mahesh Ramanujam, Pres., CEO, (202) 552-1500, www.usgbc.org

More Low-Carbon Energy News USGBC,  Energy Efficiency,  


Bank of America Carbon Neutrality Ahead of Schedule (Ind Report)
Bank of America
Date: 2020-01-24
Bank of America Corp reports it has reached carbon neutrality ahead of projections by cutting CO2 emissions, a commitment to 100 pct renewable energy and the purchase of carbon offsets. According to a statement, the banking giant cut its facilities emissions by half since 2010.(Source: Bank of America, Jan. 2020) Contact: Bank of America, www.bankofamerica.com

More Low-Carbon Energy News Carbon Neutral,  Bank of America,  


Bank of America Tower Awarded LEED V4 Platinum (Ind. Report)
Bank of America, US Green Building Council
Date: 2019-08-19
In Houston, the 35-story, 775,000-RSF AA class Bank of America office building in downtown Houston reports it has been awarded US Green Building Council LEED Version 4 (V4) Platinum for Core and Shell -- the US GBC's highest level of green building certification.

The Bank of America Tower's energy efficiency and environmental features include: daylight harvesting technology; a 40 pct parking reduction; tenant metering; EV charging stations; a rainwater-collecting facade system; a green roof and others. (Source: US Green Building Council, Bank of America, new kerala, 18 Aug., 2019)Contact: USGBC, Mahesh Ramanujam, Pres., CEO, (202) 552-1500, www.usgbc.org

More Low-Carbon Energy News US Green Building Council,  LEED Certification,  Energy Efficiency,  


Bank of America
Date: 2019-08-19
Bank of America Tower Earns Nation's 1st LEED V4 Platinum for Core and Shell HOUSTON: The recently named Bank of America Tower, formerly Capitol Tower, was just certified LEED Version 4 (V4) Platinum for Core and Shell by the U.S. Green Building Council (USGBC). V4 is the most stringent LEED version to date and Platinum is the highest level of green building certification offered by the USGBC. Bank of America Tower's LEED V4 Platinum for Core and Shell designation is the first in the United States and the highest scoring in the world. Environmental features include daylight harvesting technology, a 40 percent parking reduction, tenant metering, alternative vehicle charging stations, and a rainwater-collecting facade system. Bank of America Tower is a 35-story, 775,000-RSF AA class office building in downtown Houston. A key feature is the triple-height lobby / public indoor plaza that contains an expansive chef-driven food court, a social stair for gathering and watching live performances, and connects five existing below-grade tunnel connections from adjacent buildings. Atop the 1,360-car parking garage, a 12th-floor landscaped roof garden provides a convenient natural respite for tenants and features native plantings that help manage stormwater runoff. (Source: Bank of America, new kerala, 18 Aug., 2019)

More Low-Carbon Energy News Bank of America news,  USGBC news,  LEED Certification news,  Energy Efficiency news,  Green Building news,  


PSEG Claims Among Lowest Power Producer CO2 Emissions (Ind Report)
Public Service Enterprise Group (PSEG)
Date: 2019-07-01
In the Garden State, Newark-based power producer Public Service Enterprise Group (PSEG) is touting its record as having one of the lowest carbon emissions rates of the nation's largest power producers, according to Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States , a recently released report by M.J. Bradley & Associates, Bank of America, CERES, Entergy, Exelon and NRDC. According to the report:
  • In 1993, PSEG became the first electric utility in the U.S. to volunteer to participate in the Climate Challenge Program; PSEG successfully met this goal and stabilized carbon dioxide emissions from its New Jersey plants to 1990 levels by 2000.

  • In 2002, PSEG joined EPA's Climate Leaders program to reduce the six greenhouse gases covered under the Kyoto Protocol. Under this program, PSEG committed to reduce its CO2-equivalent GHG emissions on a pound-per-mWh basis by 18 pct from 2000 levels by Dec. 31, 2008. PSEG surpassed this goal by achieving a 31 pct reduction, due primarily to the fact that more than half our power comes from nuclear generation.

  • In 2009, PSEG established a new goal of reducing company-wide GHG emissions by 25 pct from 2005 levels by 2025. PSEG met this goal 14 years ahead of schedule. PSEG achieved this goal through implementation of energy efficiency programs, deployment of renewable energy, increasing nuclear output and building clean, efficient natural gas generation.

  • Since 2010, PSEG has invested approximately $400 million in energy efficiency initiatives that reduce emissions in hospitals, multifamily housing and buildings occupied by nonprofits and government agencies.

  • In 2018, PSEG announced its new goal of eliminating 13 million metric tons of CO2-equivalent by 2030 from 2005 levels. The new goal expands upon previous reduction goals, including efficiency upgrades of existing combined-cycle natural gas fleets and the retirement of the company's New Jersey and Connecticut coal plants.

  • PSEG has invested $1.7 Billion in 625 MWs of solar, including 211 MWs in New Jersey and 23 projects in 14 states totaling 414 MWs. PSEG is New Jersey's leading developer of solar energy resources and is an active supporter of efforts to develop offshore wind facilities.

  • Supplying more than 90 pct of the state's emissions-free power, PSEG's Salem and Hope Creek nuclear generating plants play a key role in supporting New Jersey's clean energy goals.

    Download the Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States report HERE. (Source: PSEG, CSRWire 28 June, 2019) Contact: PSEG, PSE&G, PSEGPower, www/investor.pseg.com

    More Low-Carbon Energy News Carbon Emissions,  CO2,  Public Service Enterprise Group (PSEG),  Carbon Emissions,  


  • Bank Of America Banking on On-Site Solar Savings (Ind. Report)
    Bank of America
    Date: 2019-06-07
    Charlotte, North Carolina-headquartered Bank of America is reporting plans to install more than 60 new on-site solar installations over the next three years. The program is expected to generate more than 25 MW of renewable electricity, which will directly power the bank's operations with clean energy and help it meet 100 pct renewable energy by the year 2020 goal, cut energy costs and save an estimated $50 million over 25 years.

    In 2018, Bank of America's total sourcing of renewable electricity was 1.8 million MWh -- equivalent of powering 153,000 homes for one year, according to the release. (Source: Bank of America, PR, June, 2019) Contact: Bank of America, www.corporate-office-headquarters.com/bank-of-america-corporation

    More Low-Carbon Energy News Bank of America,  Solar,  


    Bank of America Stadium Energy Efficiency Lauded (Ind. Report)
    Energy Efficiency
    Date: 2018-12-19
    TRANE, a global indoor energy services provider, reports it has recognized the Bank of America Stadium in Charlotte, North Carolina, with its Energy Efficiency Leader Award. The award is in recognition of the stadiums recent energy efficiency upgrades that are expected to save the facility as much as $80,000 per year in energy costs. (Source: TRANE, WCNC, Dec. 18, 2018) Contact: TRANE, (844) 883-0698, www.trane.com

    More Low-Carbon Energy News Trane,  Energy Efficiency,  


    Wynn Las Vegas Joins EPA Green Power Partnership (Ind. Report)
    EPA Green Power Partnership
    Date: 2018-10-31
    In the Silver State, Wynn Las Vegas resort is reporting acceptance into the U.S. EPA Green Power Partnership, a collective of organizations that are voluntarily leading innovation and the production and use of efficient green energy in America.

    The Wynn announcement follows on the heels of the Wynn Solar Facility, a new 160-acre solar complex dedicated to generating renewable energy to power the Las Vegas resort. Combined with 103,000 square feet of on-site rooftop solar panels, Wynn Las Vegas is creating and using more than 45 million kilowatt-hours (kWh) of green power annually, which is enough green power to meet 25 percent of the resort's electric load.

    Wynn Las Vegas becomes the largest Green Power Partner in the hotel industry in the nation and remains dedicated to increasing sustainable design practices, creating and sourcing renewable energy, energy efficiency and exceeding US Green Building Council LEED Gold Building Certification standards.

    The Green Power Partnership aims to increase the use of green energy and advance the green power market. The 1,500-strog partnership -- which counts Microsoft, Intel, Bank of America, Apple, Johnson & Johnson and Starbucks among its members -- voluntarily uses nearly 53 billion kWh of green power annually. (Source: Wynn Las Vegas, PR, 29 Oct., 2018) Contact: Wynn Las Vegas, www.wynnlasvegas.com; EPA Green Power Partnership, www.epa.gov/greenpower

    More Low-Carbon Energy News EPA Green Power Partnership,  


    Wynn Las Vegas Joins EPA Green Power Partnership (Ind. Report)
    EPA Green Power Partnership
    Date: 2018-10-31
    In Nevada, Wynn Las Vegas Resort is reporting acceptance into the U.S. EPA Green Power Partnership, a collective of organizations that are voluntarily leading the innovation, production and use of renewable energy in America.

    The distinction comes less than five months after the debut of the Wynn Solar Facility, a new 160-acre solar complex solely dedicated to generating renewable energy to power the Las Vegas resort. Combined with 103,000 square feet of on-site rooftop solar panels, Wynn Las Vegas is creating and using more than 45 million kWh of green power annually, which is enough green power to meet 25 pct of the resort's electric load.

    Other Green Power Partners, The Green Power Partnership is a voluntary program that helps increase green power use among U.S. organizations to advance the American market for green power and development of those sources as a way to reduce air pollution and other environmental impacts associated with electricity use. The Partnership has over 1,500 partners -- including Microsoft, Intel, Bank of America, Apple, Johnson & Johnson and Starbucks -- voluntarily using nearly 53 billion kWh of green power per year.. (Source: Wynn Las Vegas, PR, 29 Oct., 2018) Contact: Wynn Las Vegas, Erik Hansen, Chief Sustainability Officer, www.wynnlasvegas.com; EPA Green Power Partnership, www.epa.gov/greenpower

    More Low-Carbon Energy News Renewable Energy news,  Green Energy news,  EPA Green Power Partnership news,  


    Universal mCloud Delivers Business Energy Efficiency (Ind. Report)
    Universal mCloud
    Date: 2018-09-19
    Vancouver-based artificial intelligence and analytics specialist Universal mCloud Corp. is announcing a new report by ARC Advisory Group that highlights mCloud's AssetCare™ platform energy management solution for companies both large and small.

    The report notes mCloud's spectrum integration of the cloud, IoT-connected thermostats and AI/machine learning to deliver peak energy efficiency improvements of 20 pct to small and medium size businesses that often avoid the large upfront investments required to integrate conventional energy management systems. mCloud's zero-upfront subscription model guarantees operational savings for its customers. The report also notes the use of mCloud solutions at Starbucks, Bank of America, Dairy Queen, and Michaels among others. (Source: Universal-mCloud Corp, PR, Contact: Universal mCloud, Russel McMeekin, President and CEO, (415) 635-3500, www.mCloudCorp.com; ARC Advisory Group, www.arcweb.com

    More Low-Carbon Energy News Energy Management,  Energy Efficiency,  


    ENGIE Confirms Live Oak Wind Project Financing (Ind. Report)
    ENGIE North America
    Date: 2018-08-17
    ENGIE North America Inc. reports it has signed construction and tax equity financing as well as a power hedge for the Live Oak Wind Project near San Angelo, in west Texas.

    The 200 MW Live Oak project is part of the Infinity Renewables portfolio recently acquired by ENGIE North America. Live Oak is scheduled to be online by the end of 2018.

    ENGIE North America secured $147 million in construction financing and $155 million in tax equity financing for the project through Bank of America Merrill Lynch, with Rabobank providing a letter of credit. (Source: ENGIE North America, Online, AP, Aug., 2018) Contact: ENGIE North America, Matt Riley, Senior VP U.S. Wind Development , www.engie-na.com

    More Low-Carbon Energy News ENGIE North America ,  Wind,  


    Portland Upgrades to WiFi Controlled LED Lighting (Ind. Report)
    Portland Maine
    Date: 2017-10-20
    The city of Portland, Maine's largest city, reports that its efforts cut energy consumption and costs and to become a "smart" city will include the installation of energy efficient LED lighting -- and wifi -- in street lights throughout the city and neighboring islands.

    The $8.5 million project, which is expected to save $10 million in energy oosts over 10 years, will be financed through a $4 million, 10-year loan by Bank of America Public Capital Group, among other financing facilities. (Source: City of Portland, Press Herald, Energy Mgr, 17 Oct., 2017) Contact: City of Portland, www.portlandmaine.gov

    More Low-Carbon Energy News LED Street Light,  Energy Efficient Light,  LEDs D,  


    ADB Green Bonds Spurring Climate Change Funding (Int'l)
    Asian Development Bank
    Date: 2017-08-04
    In Manila, the Asian Development Bank (ADB) reports the sale of $1.25 billion in green bonds in a dual-tranche issuance to support its low-carbon and climate resilient projects. With the $1.25 billion for climate change support, ADB expects a 30 pct growth in overall financing.

    The issuance was split into a $750 million , five-year offering that matures on Aug. 10, 2022, and a $500 million ten-year bond offering that matures on Aug. 10, 2027. Both bond issues were widely distributed geographically with 52 pct of the total issuance going to banks, 25 pct to central banks and official institutions, and 23 pct to fund managers.

    The transactions were lead-managed by Bank of America Merrill Lynch, Credit Agricole CIB, and J.P. Morgan. A syndicate group was also formed consisting of Citi, HSBC, Morgan Stanley, and TD Securities, according to ADB. ADB aims to raise between $27 billion to $30 billion from capital markets in 2017. (Source: ADB, GMA, Others, Aug., 2017) Contact: Asian Development Bank, Michael Trainor, Energy Specialist, www.adb.org

    More Low-Carbon Energy News ADB,  Green Bonds,  Asian Development Bank,  Green Bond,  Climate Change Funding,  

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