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Twain Financial Provides $34Mn C-PACE Resort Financing (Funding)
Property Assessed Clean Energy
Date: 2020-01-31
St. Louis-based Twain Financial Partners reports it provided $34 million in Property Assessed Clean Energy (PACE) Financing to the development of a luxury boutique hotel and parking structure located in the Old Town neighborhood at the heart of Temecula, CA.

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,

More Low-Carbon Energy News Energy Efficiency C-PACE,  Property Assessed Clean Energy ,  PACE,  Energy Efficiency Financing,  

New Jersey Energy Master Plan Unveiled (Reg. & Leg, Ind. Report)
New Jersey
Date: 2020-01-27
Garden State Governor Phil Murphy (D) has unveiled the state's Energy Master Plan, which outlines key strategies to reach the Administration's goal of 100 pct clean energy by 2050. The Energy Master Plan outlines the following energy efficiency related strategies and includes an implementation plan that lays out next steps and timelines:
  • Reducing Energy Consumption and Emissions from the Transportation Sector, including encouraging electric vehicle adoption, electrifying transportation systems, and leveraging technology to reduce emissions and miles traveled.

  • Accelerating Deployment of Renewable Energy and Distributed Energy Resources by developing offshore wind, community solar, a successor solar incentive program, solar thermal, and energy storage. It also involves adopting new market structures to embrace clean energy development and contain costs, opening electric distribution companies' circuits for distributed energy resources (DER), and developing low-cost loans or financing for DER.

  • Maximizing Energy Efficiency and Conservation, and Reducing Peak Demand including enacting 0.75 percent and 2 percent utility energy efficiency standards for natural gas and electricity, respectively, improving energy efficiency programs in New Jersey, adopting new clean energy and energy efficiency financing mechanisms, and strengthening building and energy codes and appliance standards.

  • Reducing Energy Consumption and Emissions from the Building Sector through decarbonization and electrification of new and existing buildings, including the expansion of statewide net zero carbon homes incentive programs, the development of EV-ready and Demand Response-ready building codes, and the establishment of a long-term building de-carbonization roadmap.

  • De-carbonizing and Modernizing New Jersey's Energy System through planning and establishment of Integrated Distribution Plans, investing in grid technology to enable increased communication, sophisticated rate design, and reducing our reliance on natural gas.

  • Supporting Community Energy Planning and Action in Under served Communities through incentivizing local, clean power generation, prioritizing clean transportation options in these communities, and supporting municipalities in establishing community energy plans.

  • Expand the Clean Energy Innovation Economy by expanding upon New Jersey's existing 52,000 clean energy jobs and investing in developing clean energy knowledge, services, and products that can be exported to other regions around the country and around the world, thereby driving investments and growing jobs. New Jersey will attract supply chain businesses to create dynamic new clean energy industry clusters and bring cutting-edge clean energy research and development the state. (Source: InsideNJ, PR, 27 Jan., 2020)

    More Low-Carbon Energy News Energy Efficiency,  

  • La Plata Opts for C-PACE Energy Efficiency Financing (Ind. Report)
    Date: 2019-11-25
    In Colorafdo, the La Plata County Commissioners recently signed a resolution to participate in the C-PACE (commercial property assessed clean energy) program to encourage energy efficiency projects and help commercial building owners source capital providers, install energy efficiency, renewable energy and water efficiency measures with affordable, long-term 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,

    More Low-Carbon Energy News C-PACE news,  Energy Efficiency news,  

    Minneapolis Utilities Exploring Energy Efficiency Improvement Finance Options (Ind. Report)
    Date: 2019-10-23
    Minneaplis City officials, CenterPoint Energy and electricity provider Xcel Energy report they are looking into "inclusive on-bill financing" programs to help both home owners and renters finance energy efficient appliances and energy efficiency upgrades.

    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,; CenterPoint Energy,

    More Low-Carbon Energy News Xcel Energy,  CenterPoint Energy,  ,  Energy Efficiency,  Energy Efficiency Financing,  

    Battle Creek YMCA Scores PACE Energy Efficiency Financing (Funding)
    Date: 2019-06-14
    Austin, Texas-based Petros PACE Finance, LLC reports it has closed a $1.3 million Commercial Property Assessed Clean Energy (C-PACE) transaction to finance energy efficiency upgrades for the Battle Creek, Michigan YMCA.

    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.,,

    More Low-Carbon Energy News PACE,  PACE Financing,  Energy Efficiency,  

    NEIF Lauds Home Energy Efficiency Financing Plan (Ind. Report)
    National Energy Improvement Fund
    Date: 2019-05-03
    The Allentown, Pennsylvania-based National Energy Improvement Fund, LLC, (NEIF), a licensed lender and national expert in energy efficiency financing, is trumpeting the availability of its its new NEIF Home Energy Improvement Plan.

    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,

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

    Ukraine Energy Efficiency Agency, Partner on Energy Efficiency Financing (Int'l Report)
    Agency for Energy Efficiency and Energy Saving
    Date: 2019-04-15
    In Kiev, the Ukrainian State Agency for Energy Efficiency and Energy Saving reports it is partnering with more than 30 united territorial communities for the launch of various programs for co-financing of energy efficiency loans, energy services and local energy management. The joint implementation of programs is aimed at "warm loans" for home owners and apartment building co-owner associations, kindergartens, hospitals, schools and and other budget constrained institutions.

    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,

    Santa Barbara Stymies PACE Energy Efficiency Financing (Ind. Report)
    PACE,Santa Barbara County Board of Supervisors
    Date: 2019-01-16
    In the Golden State, the Santa Barbara County Board of Supervisors reports it has rejected the residential Property Assessed Clean Energy (PACE) energy efficiency loan program with the caveat that it be reintroduced and reviewed in 2020.

    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,

    More Low-Carbon Energy News PACE,  Energy Efficiency,  

    Metrus Energy, Wells College Ink Efficiency Agreement (Ind. Report)
    Metrus Energy,Wells College
    Date: 2018-09-19
    San Francisco-headquartered water and energy efficiency financing provider Metrus Energy is reporting an Efficiency Services Agreement (ESA) project with Wells College in Aurora, New York. Work is slated to get underway this month for completion in the second half of 2019.

    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,

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

    Delaware Passes PACE Energy Efficiency Financing Bill (Ind. Report)
    Date: 2018-09-07
    The office of Delaware Gov. John Carney (Dem) is reporting the signing of legislation enabling Commercial Property Assessed Clean Energy (C-PACE) financing to support commercial energy efficiency and renewable energy projects.

    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,

    More Low-Carbon Energy News PACENation,  Commercial Property Assessed Clean Energy,  C-PACE,  Energy Efficiency,  

    GGF, Crystal Partner to Expand Energy Efficiency Financing (Int'l}
    Green for Growth Fund
    Date: 2018-07-27
    In Luxembourg, the Green for Growth Fund (GGF) reports it has provided a $1.5 million senior loan to Tbilisi[based JSC MFO Crystal to expand green energy lending in the European country of Georgia. Crystal primarily serves "microentrepreneurs", farmers and primarily rural clients with a focus on energy efficiency and green energy systems and projects.

    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,; JSC MFO Crystal,

    More Low-Carbon Energy News Green for Growth Fund,  Energy Efficiency,  Energy Efficiency Funding,  

    NYCEEC Co-CEO to Advance Energy Efficiency Financing (Ind. Report)
    New York City Energy Efficiency Corporation
    Date: 2018-05-16
    The New York City Energy Efficiency Corporation (NYCEEC) announced expanded senior leadership today to accelerate its growth and to deliver on its mission to advance energy efficiency and clean energy financing solutions. Board member Curtis Probst has joined Susan Leeds as co-CEO.

    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,,

    More Low-Carbon Energy News New York City Energy Efficiency Corporation,  Energy Efficiency ,  

    GEF Funding EESL's $454Mn Energy Efficiency Programme (Int'l)
    Global Environment Facility, Energy Efficiency Services Limited
    Date: 2017-11-06
    The Global Environment Facility (GEF) is reporting $454 million in funding to India's Energy Efficiency Services Limited (EESL) Creating and Sustaining Markets for Energy Efficiency project. The project funding is comprised of a $20 million grant and co-financing of $434 million in the form of loans and equity, including a $200 million loan from the Asian Development Bank (ADB). EESL further proposes to build an `Energy Efficiency Revolving Fund' (EERF) for sustainable funding mechanism of energy efficiency projects in the country.

    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,; Global Environment Facility,

    More Low-Carbon Energy News GEF ,  Energy Efficiency Services Limited ,  

    €5Mn Loan Supports Serbian Energy Efficient Housing (Int'l Report
    Green for Growth Fund ,European Investment Bank
    Date: 2017-10-13
    The Green for Growth Fund (GGF) reports it has extended a €5 million ($5.9 million) long-term loan to Belgrade, Serbia's Halkbank a.d. Beograd -- the former Cacanska Banka -- to support energy-efficient housing in the country. Cacanska Banka was one of the first Serbian banks to offer dedicated energy efficiency financing and became a GGF partner in 2011. The GGF is also providing technical assistance and training on energy efficiency, energy monitoring and activities that increase public awareness of energy-efficient housing.

    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,; Green for Growth Fund,

    More Low-Carbon Energy News European Investment Bank,  Green for Growth Fund,  Energy Efficiency ,  

    HERO Energy Efficiency Funding Now in Palm Beach (Ind. Report)
    Date: 2017-09-01
    In the Sunshine State, home owner across Palm Beach County now have access to HERO financing for residential energy, efficiency and wind-resistance improvements. Low, fixed-interest HERO program funding can be repaid over time through a voluntary additional assessment on the homeowner's property tax bill. Eligible improvements include solar panels, energy-efficient HVAC systems, roofing and windows, roof-to-wall connections, storm shutters and other products that can protect against wind damage and meet or exceed Florida Building Code requirements.

    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,,; Florida Development Finance Corp., Bill Spivey, Exec. Dir., (407) 956-5600,

    More Low-Carbon Energy News HERO,  PACE,  Energy Efficiency,  Energy Efficiency Financing,  

    Alaska HB 80 Enables PACE Energy Efficiency Financing (Reg & Leg)
    Alaska Energy Authority,PACE
    Date: 2017-06-28
    In Juneau, the Alaska House is reporting passage of HB 80 allowing local governments to deploy a new program and provide a new financing tool for energy efficiency projects. The legislation allows local governments to deploy the PACE program that enables businesses to pay off loans for energy efficiency projects through commercial property assessed clean energy financing -- C-PACE.

    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,

    More Low-Carbon Energy News Energy Efficiewncy,  PACE,  

    Co-ops Tout "Help My House" Energy Savings Program (Ind. Report)
    Santee Cooper,The Electric Cooperatives of South Carolina
    Date: 2017-05-15
    In South Carolina, Santee Cooper and other cooperatives are touting the "Help My House" on-bill energy efficiency financing program. The home energy efficiency funding mechanism is part of the USDA's Rural Energy Savings Program (RESP) that recently made its first loans to help rural families and small businesses lower energy consumption and costs.

    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,; Santee Electric Cooperative, ]; USDA Rural Energy Savings Program,;

    More Low-Carbon Energy News Santee Cooper,  Energy Efficiewncy Incentives,  

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