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CDFA Energy Finance Update - October 18, 2016

CDFA Energy Finance Newsletter
October 18, 2016
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Energy Finance Update

Features

Honolulu Says 'Strong Demand' for First-Ever Green Bonds
The City and County of Honolulu has sold its first-ever green bonds, with the money raised to be used to refinance debt that was originally sold to pay for the Honolulu Program of Waste Energy Recovery, or H-POWER, in Kapolei.

$2.5M C-PACE Project Almost Done in CT
Curtis Packaging, a company that provides luxury packaging, has almost finished a $2.5M project to improve energy efficiency and increase use of renewables at its Sandy Hook, CT, headquarters.

The SAVES Green Community Program for Energy Efficiency and Conservation and QECB
The CleanSource SAVES Green Community Program uses Qualified Energy Conservation (QECB) bonds to fund loans to finance qualified projects in commercial, industrial, institutional and local government buildings within the jurisdiction which is providing the QECB allocation.

NYSERDA Announces $10M for Industrial Energy Efficiency
The New York State Energy Research and Development Authority has announced $10 million in funding for two new clean energy initiatives to support energy efficiency and reduce costs at industrial and manufacturing facilities.

MA Reveals Draft of New Solar Incentive Program
Massachusetts revealed its first draft proposal for a policy to follow the SREC-2 program The new policy is based on a declining block grant incentive system, to be paid out on the basis of energy delivered, similar to New York's successful block grant program.

Renovate America Completes $320M PACE Securitization
Renovate America, a provider of residential PACE financing, announced the closing of its eighth securitization of PACE bonds – the largest such deal completed by any issuer and a designated green bond.

SELF Surpasses $5M in Total Lending
The Solar and Energy Loan Fund (SELF) is pleased to announce that the non-profit community lending organization has surpassed $5 million in total lending since its inception in the spring of 2011. 

Energy Groups Push for Renewal of Tax Credits
Trade groups for biomass, hydropower and other energy sources are pushing Congress to renew expiring tax credits for their industries before the end of the year.

Landmark PACE Bill Passed in CA
A bill introduced by California state assemblyman Matt Dababneh allowing for consumer protection before they commit to a residential Property Assessed Clean Energy (PACE) loan, was passed. The California PACE industry could be accelerated by the origination of PACE loans in the state.

Upcoming Events
Intro Property Assessed Clean Energy (PACE) Finance Course

CDFA's 30th National Development Finance Summit
Energy Finance News

PACE Financing OK'd by Jefferson County WI
Daily Union | Oct. 17 | Energy Finance

Solar Supporters Still Troubled by OR PUC Recommendations
Portland Business Journal | Oct. 13 | Energy Finance | Green Finance | Incentives

US Wants Local Banks to Invest in Community-Shared Solar
Clean Energy Finance Forum | Oct. 12 | Energy Finance | Green Finance

NY Debates How to Finance Low-Income Solar
Clean Energy Finance Forum | Oct. 12 | Energy Finance | Green Finance

Dane County Makes Plans for $2.4M Solar Initiative
The Badger Herald | Oct. 12 | Energy Finance | Green Finance

To Save the Solar Lease, Look to Solar Loans
Greentech Media | Oct. 12 | Energy Finance | Green Finance

Developers Building 4 Gigawatts of Solar Power in TX by 2020
Bloomberg Markets | Oct. 12 | Energy Finance

MA Renewable Energy Thriving with PACE
Worcester Business Journal | Oct. 10 | Energy Finance | Green Finance

Valdosta Expands Use of Solar Energy
The Valdosta Daily Times | Oct. 10 | Energy Finance

Energy Storage Technologies Want Same Tax Credits as Wind and Solar
LA Times | Oct. 10 | Energy Finance | Federal | Tax Credits

GA Tax Exemption Can Improve Project Economics
Southern Alliance for Clean Energy | Oct. 10 | Energy Finance | Incentives | Infrastructure Finance

TX County Uses PACE to Finance Malls
Patch | Oct. 7 | Energy Finance | Infrastructure Finance

GRESB Updates Green Bond Guidelines for Real Estate Sector
Proud Green Building | Oct. 7 | Bond Finance | Energy Finance

Birmingham, AL, Invests $60M in City Building Energy Upgrades
GovTech | Oct. 7 | Energy Finance | Green Finance | Infrastructure Finance

Michigan State Chemist Receives DOE Grant for Renewable Energy Work
MSU Today | Oct. 7 | Energy Finance | Green Finance | U.S. Dept. of Energy (DOE)

Wind Is the New Corn for Struggling Farmers
Bloomberg Businessweek | Oct. 7 | Access to Capital | Agriculture Finance | Energy Finance | Green Finance

Ameresco Wins $20M MA Energy Management System Deal
PV Magazine | Oct. 7 | Energy Finance | Green Finance

MO PACE Program Improves State's Energy Efficiency
KTTN | Oct. 7 | Energy Finance | Green Finance

PACE Funding Group Supports CA's Consumer Protections Bill
PR Newswire | Oct. 6 | Energy Finance | Green Finance | Property Assessed Clean Energy Bonds (PACE)

Denver Now Offers PACE Program
Denver Office of Economic Development | Oct. 6 | Energy Finance | Green Finance | Property Assessed Clean Energy Bonds (PACE)

MO is Most-Improved State for Energy Efficiency due to PACE
Public News Service | Oct. 4 | Energy Finance | Green Finance | Property Assessed Clean Energy Bonds (PACE)

Suniva Receives $1.25M U.S. Department of Energy Grant
Atlanta Business Chronicle | Oct. 3 | Energy Finance | Green Finance | Innovation Finance | U.S. Dept. of Energy (DOE)

St. Louis is Close to Unlocking PACE
St. Louis Post-Dispatch | Sep. 29 | Energy Finance | Green Finance

USDA Announces Grant to Support Energy Efficiency and Business Growth in OR
U.S. Dept. of Agriculture | Sep. 29 | Economic Development | Energy 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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