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CDFA Energy Finance Update - December 6, 2016

CDFA Energy Finance Newsletter
December 6, 2016
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Energy Finance Update

Features

Opportunity to Provide Input on New CA Energy Efficiency Financing Pilot Programs
The California Hub for Energy Efficiency Finance (CHEEF) is developing statewide commercial energy efficiency financing programs designed to bring attractive financing to small businesses and large commercial customers. The programs include $14 million of credit enhancements available to participating financial entities, a statewide marketing campaign and on-bill repayment options. CHEEF is requesting stakeholder comments on proposed program guidelines by December 15th.

Clarendon's New Crop: Solar Energy
It will still mean growing cotton, tobacco, corn and soybeans, but it will also mean producing solar energy. A lot of it. Gov. Nikki Haley's office has announced that Adger Solar plans to invest $200 million in two separate solar farm projects in Clarendon. The promise of new jobs, tax revenue and clean power for the local community is good news all around for a county where economic development and job creation are experiencing a welcome resurgence.

Best Practice Guidelines for Residential PACE Financing
This document from the DOE provides revisions to the original "Guidelines for Pilot PACE Financing Programs," to reflect the evolving structure of the PACE market and incorporate lessons learned from various PACE programs that have been successfully implemented. The revised and updated guidelines focus specifically on best practices and guidelines for residential PACE financing programs.

Duke Energy Funding 200 Car-Charging Stations as Result of EPA Settlement
Duke Energy is sending notice to about 80 cities and organizations that they have won grants totaling $1 million to set up charging stations for electric vehicles.The grants are the result of an agreement Duke made last year with the Environmental Protection Agency to settle a 15-year-old lawsuit over allegations the Charlotte-based power company violated the Clean Air Act.

Lawrence set to Spend $11.4M on Energy Efficience Projects
The City of Lawrence is preparing to make millions of dollars worth of facility upgrades — including solar panels, LED lights and smart thermostats — in order to make its operations more energy-efficient and save money.

Trump Insider: New Administration Won't Attack Renewable Energy
The president-elect will not move to revoke wind and solar subsidies, according to a major Trump financial contributor who said he is a member of the transition team.

SC Utility Board OKs $831M Increase for Nuke Project
The state Public Service Commission has approved a settlement agreement between South Carolina Electric & Gas and the S.C. Small Business Chamber of Commerce that limits to $831 million the increase in construction costs for two new nuclear units near Jenkinsville.

As Rooftop Solar Costs Drop, Utility Attempts to Raise Barriers May Not Work
Florida's utility industry steered more than $20 million of their profits into a failed constitutional amendment to impose new barriers to the expansion of rooftop solar energy generation, but developers say that as the cost of installing solar panels drops, the state could quickly become a leader in private solar energy expansion no matter what the energy giants do.

Why Wall St. Thinks Renewables Could Be Better off After Tax Credits Expire
Financiers are beginning to ponder what life without the production tax credit (PTC) might look like, and it might not be so bad.  Some look forward to the day when less tax equity is needed, as it significantly complicates the capital structure and comes at a high cost in addition to other tax inefficiencies.

Green Bond to Finance Energy Efficiency Improvements in Lawrence
Lawrence, KS, has added $11.4 million in energy efficiency upgrades. LJ World reports that the projects include installation of solar panels and LEDs and smart thermostats. The savings of the project will go into a debt service fund and pay for green bonds to finance the projects.

Energy Finance News

New PACE Lender Enters St. Louis Market
St. Louis Business Journal | Dec. 6 | Energy Finance

OR's Rooftop Solar Tax Credit to Die
Portland Business Journal | Dec. 6 | Energy Finance | Tax Credits

Major IL Bill Targets Renewable Energy Production
Midwest Energy News | Dec. 6 | Energy Finance | Green Finance

Private Investment in Energy Infrastructure is in Question in IL
bcrnews | Dec. 5 | Energy Finance | Public-Private Partnership (P3) Financing

Governor Cuomo Announces Nearly $100M in New Green Bonds for Affordable Housing
Governor Andrew M. Cuomo - New York State | Dec. 1 | Bond Finance | Community Development | Green Finance

WI Launches Statewide PACE Program
Marketwired | Dec. 1 | Energy Finance | State Finance Program

How the Wind Industry Impacts the TX Panhandle
KFDA - NewsChannel 10 | Nov. 30 | Energy Finance | Green Finance

Republican Seeks to Build on SC's Solar Momentum
Southern Alliance for Clean Energy | Nov. 30 | Economic Development | Energy Finance | Green Finance | Tax Credits

USDA Awards $6.7M for Research to Support Healthy Agroecosystems
USDA NIFA | Nov. 30 | Agriculture Finance | Energy Finance | Food Systems Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

$761M Bond Sale Approved by SRP Board, Council
AZ Big Media | Nov. 29 | Bond Finance | Energy Finance

How NC Co-ops Help Drive the Energy Future
Southeast Energy News | Nov. 28 | Energy Finance | Rural Development

Hidalgo County PACE Program Benefits Local Business
Valley Town Crier | Nov. 28 | Energy Finance | Green Finance

Blue Sphere's NC AD Project Ramps Up and Receives Incentive Tax Credits
Renewable Energy From Waste | Nov. 28 | Energy Finance | Green Finance | Incentives | Tax Credits

Updated Guidelines for PACE Financing Programs
U.S. Dept. of Energy | Nov. 21 | Energy Finance | U.S. Dept. of Energy (DOE)

PA Makes $30M Available for Solar Project Loans
Philadelphia Business Journal | Nov. 17 | Energy Finance

Repealing the Investment Tax Credit Could Cut the US Solar Market in Half
GreenTech Media | Nov. 17 | Energy Finance | Green Finance | Tax Credits

PACE Being set for Commercial Solar Growth
Proud Green Building | Nov. 14 | Energy Finance | Green Finance | Infrastructure Finance | Property Assessed Clean Energy Bonds (PACE)

Ygrene Energy Fund Picks up $30M
PE Hub | Nov. 14 | Energy Finance | Green Finance | Property Assessed Clean Energy Bonds (PACE)

New Energy Capital Provides Financing to Support Ygrene Energy Fund
Monitor Daily | Nov. 14 | Energy Finance | Green Finance | Property Assessed Clean Energy Bonds (PACE)

US DOE Uranium Sale May Create 800-1200 Jobs in KY
Kentucky New Era | Nov. 14 | Economic Development | Energy Finance | U.S. Dept. of Energy (DOE)

GHG Reduction and Energy Efficiency GO Hand-in-Hand
Energy Manager Today | Nov. 11 | Energy Finance | Green Finance


The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information visit CDFA.net or email info@cdfa.net


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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