Join Us in Denver, CO to Discuss Underwriting Clean Energy Projects
The CDFA National Development Finance Summit, Presented by CHFA is happening in Denver, CO on November 2-4. Join this session to discuss underwriting clean energy projects with our speakers and learn about green financing tools, such as Property Assessed Clean Energy (PACE) and green bonds, and how they can be used to fund sustainable projects.
Biden-Harris Administration Announces $425M to Expand State Clean Energy Programs
The Biden-Harris Administration announced DOE is accepting applications from all 50 states, five U.S. territories, and the District of Columbia for $425 million in formula funding through the State Energy Program. This funding will enable states to develop and implement a variety of clean energy programs and projects that will create jobs, spur economic growth, cut Americans' energy costs, and reduce carbon emissions.
Strategic Implementation of Federal Funding for Utilities
Utilities are faced with a rare and remarkable opportunity to impact the present-day situation of their users and rate payers while also altering the long-term future of their entire communities. With the American Rescue Plan and the Infrastructure, Investment and Jobs Act allocating billions of dollars to upgrade aging utility infrastructure and improve utility system resilience, utilities simply cannot afford to sit this one out.
President Biden Signs Historic Legislation Providing Expansive Clean Energy Tax Incentives
On August 16, 2022, President Biden signed the "Inflation Reduction Act of 2022" (the "Act"), which includes the largest single investment in clean energy in United States history. The Act extends and expands existing tax credits and adds several new energy tax credits to encourage the production of electricity using clean energy and reduce carbon emissions.
Significant New Clean Energy and Climate Act Becomes Law in Massachusetts
On August 11, 2022, Massachusetts Governor Charlie Baker signed into law An Act driving climate policy forward. After months of heavy legislative activity involving a wide range of stakeholders in the clean energy and technology industries, the Massachusetts legislature combined the bill focused on expanding offshore wind energy and transmission development with another that covered a wide range of climate policies.
Wells Fargo Issues $2B Inclusive Communities and Climate Bond
Wells Fargo has announced the issuance of its second Inclusive Communities and Climate Bond, a $2 billion bond that will finance projects and programs supporting housing affordability, economic opportunity, renewable energy, and clean transportation. Five broker-dealers whose owners include people of color, women, and service-disabled veterans joined Wells Fargo Securities, LLC to serve as bookrunners for the issuance.
New Climate Bill Demands All-American EV Batteries
The Inflation Reduction Act contains new subsidies for US drivers who want to buy an EV. Earning the full credit depends on the particulars of the car. Qualifying vehicles have to be manufactured in North America, and be made up, at least in part, of raw materials that are extracted and processed, and then refined and assembled into batteries, either in the US or in countries with which the US has friendly trade relations.
New Hampshire Welcomes $6.1M to Update Newport Wastewater Facility
U.S. Senators Jeanne Shaheen and Maggie Hassan and Representatives Annie Kuster and Chris Pappas applauded $6,164,000 heading to Newport to upgrade its wastewater treatment facility that serves nearly 2,000 people. This project is essential to stem pollution that could pose health risks to the town and communities downstream along the Sugar River.