Twain provided financing for the resort through Western Riverside Council of Governments' (WRCOG) C-PACE program. C-PACE offers developers low-cost, long-term financing for 100 pct of the cost of energy efficiency, renewable energy and water conservation improvements for commercial real estate projects.
(Source: Twain Financial Partners;Truax Development, PR, 29 Jan., 2020) Contact: Twain Financial,
Fran Doherty, Bus. Dev., 314-300-4135, www.twainfinancial.com
More Low-Carbon Energy News Energy Efficiency C-PACE, Property Assessed Clean Energy , PACE, Energy Efficiency Financing,
The program benefits building owners by generating an immediate positive cash flow with no up-front, out-of-pocket expense. C-PACE enables a complete upgrade of the building with eligible energy efficiency and renewable energy measures. At no cost to contractors, C-PACE experts will help identify eligible properties, prepare proposals, and develop, optimize, and present projects incorporating C-PACE financing. (Source: Durango Herald, 24 Nov., 2019) Contact: C-PACE, (877) 325-1882, www.copace.com
More Low-Carbon Energy News C-PACE news, Energy Efficiency news,
In June, the city's Clean Energy Partnership -- a collaboration with CenterPoint and Xcel Energy -- created a general outline for an inclusive on-bill financing program.
Minneapolis has made inclusive financing a priority in a move help an increasing number of city residents seeking energy efficient appliance and energy efficiency upgrade financing in preparation for the city's upcoming 2020 residential energy disclosure ordinance. Under the ordinance, homes and apartment energy consumption will be scored and made available to postential purchasers and renters. (Source: Xcel Energy, CenterPoint, Oct., 2019)
Contact: Xcel Energy Media Relations, (612) 215-5300, www.xcelenergy.com; CenterPoint Energy, www.centerpointenergy.com
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C-PACE is a low-cost financing product secured as a property tax assessment that allows building owners to invest in energy efficiency or renewable energy with little or no up-front costs.
The YMCA will use the funds to upgrade inefficient and outdated electrical and mechanical systems, for new, more efficient lighting, and other energy-saving property enhancements that are expected to reduce electricity use by as much as 47 pct. Over the 22-year life of the loan, energy-efficient features will generate $3,233,342 in savings and a CO2 reduction of 68,384,274 pounds -- roughly equivalent to the amount of emissions from driving 6,586 passenger vehicles for a year.
The YMCA project is Petros' eighth deal in Michigan.
(Source: Petros PACE Finance LLC, PR, 13 June, 2019) Contact: Petros PACE Finance LLC, Mansoor Ghori, CEO, (512) 599.9038,
(512) .532.0792 -- fax.,
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The plan helps qualifying homeowners finance home improvement and energy efficiency upgrades such as heating and cooling, windows, doors, siding and roofing, air sealing and insulation, electrical and plumbing, geothermal and whole home energy projects. All work must be completed by NEIF-approved contractors.
The NEIF Home Energy Improvement Plan is currently available in Connecticut, Delaware, Maryland, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia with other states being added shortly. Separately, Maine homeowners can use Efficiency Maine financing, administered by NEIF.
The NEIF Home Energy Improvement Plan is simple interest, longer term, fixed rate installment financing from $2,500 to $25,000. There is no lien on the borrower's home, no fees to the borrower and no penalty for pre-payment. The interest rate and monthly payment are locked in for the full term of the loan, up to ten years. To date, $700 million in energy efficiency financing has been placed through the NEIF program. NEIF also provides financing for commercial energy improvements through its NEIF Commercial Energy Finance division and advance funding to contractors for rebates through its Rebate Bridge program.
(Source: National Energy Improvement Fund, LLC, PR, 2 May, 2019) Contact: NEIF, Peter Krajsa, NEIF, Co-Chair and Founder, (484) 838-5460, www.neifund.org
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The cooperation will be conducted with the united territorial communities in 16 regions: Ternopil, Zhytomyr, Kharkiv, Dnipropetrovsk, Zaporozhzhia, Kyiv, Odesa, Kherson, Cherkasy, Ivano-Frankivsk, Poltava, Rivne, Mykolaiv, Sumy, Chernivtsi, and Luhansk regions. (Source: UkrinForm, 15 April, 2019) Contact: State Agency for Energy Efficiency and Energy Saving, Serhiy Savchuk, Dir., +38 (044) 590-59-74, saee.gov.ua/en
The board cited concerns about loan payments being collected through property tax bills, potential predatory lending practices, problems selling homes with R-PACE liens and subsequent property devaluation, leading to a reduction in tax revenues, for its rejection
The PACE program allows residents and businesses to make energy-efficiency and renewable energy upgrades to their properties with no cash up-front, out-of-pocket expenses, with the cost of the work covered by third-party lenders who are then re paid through an assessment on property tax bills, but the PACE lien on the property takes priority over other existing loans.
On a federal level, the US Federal Housing and Finance Agency, which regulates Fannie Mae and Freddie Mac, the two largest purchasers and backers of residential loans, has directed lenders under its oversight to not purchase mortgages secured by properties with R-PACE (residential PACE) liens.
(Source: Santa Barbara County Board of Supervisors, Lompac Record, 15 Jan., 2019) Contact: Santa Barbara County Board of Supervisors, www.countyofsb.org/bos
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The project is Metrus' first energy efficiency-as-a-service transaction with a higher education customer and will focus on creating a more comfortable living and learning environment. The energy efficiency work includes campus lighting, comfort control upgrades, building envelope, steam traps and significant new HVAC controls, all of which will result in an approximate 14 pct reduction in total electricity consumption and a 28 pct drop in fossil fuel consumption.
Previously this year, the Association for the Advancement for Sustainability in Higher Education (AASHE) recognized Wells' sustainability work with a AASHE STARS gold rating.
(Source: Metrus Energy, PR, Wells College, Web, 18 Sept., 2018) Contact: Metrus Energy, Bob Hinkle, CEO, www.metrusenergy.com
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PACE loans are funded by private lenders and repaid through a voluntary assessment on the property's county tax bill. The Delaware Sustainable Energy Utility (DESEU) will administer the program.
More than $688 million has been invested in clean energy projects nationwide since 2009, according to PACENation,
(Source: Delaware Business Teimes, 5 Sept., 2018)
Contact: PACENation, http://pacenation.us
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The new GGF funding will boost Crystal's capacity to help households and farmers improve their carbon footprint and save energy. Crystal financed projects are expected to result in annual primary energy savings of over 2,600 MWh and reduce CO2 by approximately 910 metric tpy.
The Green for Growth Fund invests in measures designed to cut energy use and CO2 emissions and improve resource efficiency in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Middle East and North Africa. The fund provides financing to local partners that on-lend to enterprises and private households, and it invests directly, primarily through the contribution of senior debt, in renewable energy projects. (Source: GGF, The Financial, 23 July, 2018)
Contact: Green for Growth Fund, www.ggf.lu;
JSC MFO Crystal, https://ir.crystal.ge
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The new leadership team will focus on growing NYCEEC's lending platform and new initiatives to build energy efficiency and clean energy financing markets for commercial and multifamily buildings. On the horizon are the launch of C-PACE in New York City, the strategic expansion of NYCEEC's loan originations to an eight-state region including New York State, and continued innovation in support of critical initiatives such as net-zero affordable housing renovations through RetrofitNY.
NYCEEC is a non-profit finance company that provides loans and financing solutions for energy efficiency and clean energy projects. NYCEEC has financed over $135 million of energy efficiency and clean energy projects across hundreds of buildings and nearly 5,000 affordable housing units. (Source: NYCEEC, PR, PRNewswire, 15 May, 2018) Contact: NYCEEC, Susan Leeds, CEO, Posie Constable, Director of Business Development, Posie Constable, Head of Business Development, (646) 797-4630, email@example.com, www.nyceec.com
More Low-Carbon Energy News New York City Energy Efficiency Corporation, Energy Efficiency ,
The EERF mechanism will support the 'proof of concept' investments for the new technologies of super-efficient ceiling fans, tri-generation technologies and smart grid-applications and ultimately scaling up energy efficiency financing and programme development to help cover initial investment costs of identified energy efficiency programmes like street lighting, domestic lighting, five-star rated ceiling fans and agricultural pumps.
The GEF project further brings together many technical and financing partners including United Nations Environment (UN Environment), Asian Development Bank (ADB) and Kreditanstalt fur Wiederaufbau (KfW).
GEF is an international partnership of 183 countries, international institutions, civil society organizations and the private sector that addresses global environmental issues. (Source: GEF, domain-b, 2 Nov., 2017) Contact: Energy Efficiency Services Limited, www.eeslindia.org; Global Environment Facility, www.thegef.org
More Low-Carbon Energy News GEF , Energy Efficiency Services Limited ,
The GGF was initiated as a public-private partnership in December 2009 by German Development Bank KfW and the European Investment Bank (EIB). It invests in measures designed to cut energy use and CO2 emissions by a minimum of 20 pct in the 19 countries which it covers. (Source: European Investment Bank, Green for Growth Fund, SeeNews, 12 Oct., 2017) Contact: European Investment Bank, www.eib.org;
Green for Growth Fund, www.ggf.lu
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HERO, a public-private partnership between the Florida Development Finance Corporation (FDFC) and Renovate America, is the nation's largest Property Assessed Clean Energy(PACE) financing program.
HERO financing offers fixed interest rates ranging from 3.49%-7.99 pct and funds up to 100 percent of the home improvement, while the term of the financing is based on the useful life of the product, up to 25 years.
(Source: Renovate America, 31 Aug., 2017) Contact: Renovate America, Greg Frost, (619) 568-6747, firstname.lastname@example.org, www.renovateamerica.com; Florida Development Finance Corp.,
Bill Spivey, Exec. Dir., (407) 956-5600, www.enterpriseflorida.com
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The Alaska Energy Authority is working with the communities of Kenai Peninsula, Matanuska Susitna, Fairbanks North Star, Juneau and the Municipality of Anchorage -- to iimplement a uniform program and consolidate management of the initiative into a statewide entity. Smaller cities and boroughs could then join the program at later date.
Representatives from the four boroughs and Anchorage are expected to begin regular meetings state entities, lenders and contractors as early as August to pass the necessary ordinances and to implement the program. (Source: KBBI News, 26 June, 2017) Contact: Alaska Energy Authority, Katie Conway, Gov. Relations Manager, (800) 315-6338, www.akenergyauthority.org
More Low-Carbon Energy News Energy Efficiewncy, PACE,
USDA's Rural Utilities Service awarded $13 million in zero-interest loans to South Carolina co-ops through KW Savings Co., a nonprofit created by the state's co-ops.
KW Savings Co. will pour the RESP funds into lending pools for seven co-ops operating or interested in "Help My House." The group includes Aiken, Santee, Tri-County, Blue Ridge, Little River, Lynches River and Broad River electric cooperatives.
Since its founding in 2011, co-ops have helped weatherize some 630 member homes.
(Source: America's Electric Cooperatives, Santee Cooper, May, 2017) Contact: The Electric Cooperatives of South Carolina, Mike Couick, Pres., CEO, (803) 796-6060, www.ecsc.org;
Santee Electric Cooperative, ]www.santee.org; USDA Rural Energy Savings Program, www.rd.usda.gov/programs-services/rural-energy-savings-program;
More Low-Carbon Energy News Santee Cooper, Energy Efficiewncy Incentives,