The U.S. Department of Energy (DOE) announced $54 million in seed funding for U.S. small businesses to research, develop, and create commercialization plans for new technologies that equitably accelerate the national transition to a clean energy economy.

Eddy County issued $40 million of industrial revenue bonds (IRB's) for a solar project by Chevron USA to power its oilfield operations. Eddy County's Board of County Commissioners approved the bonds on Dec. 21 for a 20-megawatt project on 300 acres of New Mexico State Land Office leased land.

The Infrastructure Investment and Jobs Act contains significant water-related provisions, amounting to $82.5 billion in spending. Areas addressed by these provisions include drinking water safety, clean water more generally, access to water, and research.

State lawmakers are considering cleanup requirements for renewable energy projects when they reach the end of their useful lives–which in most cases is decades away. The bill from Rep. Kathy Rapp (R-Warren) would require renewable energy developers to create a decommissioning plan before they start building.

The Cook County PACE Program, administered by The Illinois Energy Conservation Authority, an Illinois tax-exempt 501(c)(3) nonprofit organization, announced that it has closed on $2,470,000 in financing for the first Commercial Property Assessed Clean Energy (C-PACE) project in Calumet City, Illinois.

U.S. Secretary of Energy Jennifer M. Granholm and U.S. Secretary of Transportation Pete Buttigieg signed a memorandum of understanding to create a Joint Office of Energy and Transportation to support the deployment of $7.5 billion from the President's Bipartisan Infrastructure Law to build out a national electric vehicle charging network that can build public confidence, with a focus on filling gaps in rural, disadvantaged, and hard-to-reach locations.

Two potato farmers in Maine are set to receive grant funding as part of more than $24 million designated for decarbonized energy infrastructure projects in rural communities in the state. The program is available in eligible rural communities countrywide.

The Iowa Finance Authority will provide $75 million for the Water Infrastructure Fund through federal American Rescue Plan Act dollars, a news release said. The funding will support projects that are meant to reduce excess nutrients, improve drought resiliency, reduce flood risks, improve public health, promote reuse of water and wastewater, and economically benefit communities and the state.

Savion, an energy company based in Kansas City, Missouri, intends to put solar panels on an abandoned coal mine site in Martin County. Construction is expected to begin next year, and in the process create nearly 300 construction jobs. The price tag for the project is $231 million, which includes a $33 million Kentucky Industrial Revenue Bond.

Intro Bond Finance Course
February 14-15, 2022 - Daily: 12:00 - 5:00 PM Eastern

Advanced Bond Finance WebCourse
February 16-17, 2022 - Daily: 12:00 - 5:00 PM Eastern

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Interest in Public-Private Partnership (P3) finance is growing not only because state and the local governments realize the strength, flexibility, and efficiency of the P3 model, but because of the growing need for P3s to promote higher quality and greater coordination between public and private sectors. P3s are an asset for both capital and operating needs since projects can benefit from a private operating option and/or affordable capital provided by the bond and debt markets. When P3s are paired with bonds or other traditional financing, major energy infrastructure and related development projects become possible. Learn the different ways these renewable energy deals can be structured and the common characteristics and drivers of P3 financing throughout the country.

It has been approximately 10 years since the first PACE programs began. During this workshop, our speakers provided insights related to expanding PACE assessments to benefit buildings and properties for other non-energy related improvements such as indoor air quality, lead water pipe replacement, surface stormwater mitigation, and sewer overflows.

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