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CDFA Energy & Water Finance Update - November 17, 2020

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CDFA Energy and Water Finance Newsletter
November 17, 2020
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Energy & Water Finance Update


Bipartisan Majorities Favor Tax Incentives For Clean Energy and Efficiency, Show Concern About Health and Climate
A new in-depth survey finds bipartisan majorities support several tax incentives that seek to reduce the use of fossil fuels. The proposals include measures to encourage developing alternative sources of clean energy – such as solar and wind, making homes and commercial buildings more energy-efficient, and the use of electric vehicles. Support from a majority of Republicans and Democrats was rooted in voter concern about the health effects of fossil fuels as well as their impact on climate.

Sonoma County, CA PACE Program Now Available for Wildfire, Earthquake Improvements
The County of Sonoma's Property Assessed Clean Energy (PACE) financing option - a part of the County's Energy Independence Program (SCEIP) - is now available to property owners within the City of Santa Rosa for wildfire and seismic structural hardening of homes and businesses. Initially, the program allowed property owners to finance energy efficiency and water conservation-related improvements and now allows for improvements such as Class A roofing, covered gutters, siding, windows, and earthquake retrofitting.

COVID-19 Recovery: WIFIA's Role
As part of the nation's COVID-19 response, federal policymakers should consider expanding and repurposing existing federal financing programs like U.S. EPA's Water Infrastructure Finance and Innovation Act (WIFIA) Loan Program. Even for those governments and agencies in good long-term financial shape, financing assistance may be critical to help manage the massive budget dislocations caused by this unprecedented crisis. Such assistance is especially effective for infrastructure agencies to keep major projects from being delayed or canceled due to unexpectedly lower revenue expectations.

Energy Department Announces $130M in Solar Technology Projects
The U.S. Department of Energy (DOE) announced selections for $130 million in new projects to advance solar technologies. Through the Office of Energy Efficiency and Renewable Energy's Solar Energy Technologies Office, DOE will fund 67 research projects across 30 states that reduce the cost of solar, increase U.S. manufacturing competitiveness, and improve the reliability of the nation's electric grid.

How Sustainable Digital Finance Can Unlock a Low-Carbon Economy
Digital finance refers to the integration of big data, artificial intelligence (AI), mobile platforms, blockchain, and the Internet of things (IoT) in the provision of financial services. Sustainable finance refers to financial services integrating environmental, social, and governance (ESG) criteria into the business or investment decisions. When combined, sustainable digital finance can take advantage of emerging technologies to analyze data, power investment decisions, and grow jobs in sectors supporting a transition to a low-carbon economy.

Ogden, UT Looking to Amend Budget by $66M to Finance Utility Construction
Ogden City is looking to amend its already passed fiscal year 2021 budget to the tune of $66 million, a measure that would pay for a host of water and sewer utility projects throughout the city. The Ogden City Council will soon hold a public hearing on a proposal to modify the budget by refunding $21.6 million worth of utility bonds that were previously issued to pay for a variety of water and storm sewer utility projects. Also included in the budget amendment measure is another $44 million in new bonds for more construction and system improvements on city water and sewer infrastructure.

Accelerating Solar Adoption for the Underserved
As rooftop solar prices have fallen, many households at all income levels can now save money by going solar -- yet low and moderate-income households remain less likely to adopt solar than high-income households. Berkeley Lab researchers found that three of the five policy and business models they studied, including targeted financial incentives and leasing models, do increase the adoption of solar photovoltaics (PV) among low and middle-income households.

USDA Invests $891M in Rural Water and Wastewater Infrastructure Improvements in 43 States
The USDA is investing $891 million to modernize rural drinking water and wastewater infrastructure in 43 states. The Water and Waste Disposal Loan and Grant Program provides funding for clean and reliable drinking water systems, sanitary sewage disposal, sanitary solid waste disposal, and stormwater drainage to households and businesses in eligible rural areas with populations of 10,000 or less.

City of Milwaukee Publishes RFP For Third Party Administrator of PACE Financing Program
The City of Milwaukee has published an RFP for a third-party administrator of its Property Assessed Clean Energy (PACE) financing program.

Upcoming Events
Intro Food Systems Finance WebCourse

CDFA // BNY Mellon Development Finance Webcast Series: Educational Facilities Funding Solutions
Tuesday, December 15, 2020 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will explore how a myriad of development finance tools are being implemented strategically to support modernization projects and the new construction of educational facilities.

Fundamentals of Economic Development Finance WebCourse
January 27-28, 2021 - Daily: 12:00 - 5:00 PM Eastern
The Fundamentals WebCourse is the foundation for all of CDFA's educational offerings. This course helps attendees understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

Energy Finance News

North Sky Capital Invests in California Renewable Natural Gas Project Located in an Opportunity Zone
Electric Energy Online | Nov. 16 | Energy Finance | Green Finance | Opportunity Zones

Senators Propose Level EPA Funding for 2021, No WIFIA Cuts
Water Finance & Management | Nov. 16 | Federal | Infrastructure Finance | Legislative | U.S. Environmental Protection Agency (EPA) | Water Finance | Water Finance

PA, WV, OH County School Districts to Receive 'Innovation Grants'
Greene County Messenger | Nov. 16 | Education | Energy Finance | Local Finance Program

Iowa Cities Saving Money on Water Quality Loans
KMCH | Nov. 16 | Infrastructure Finance | State Finance Program | Water Finance | Water Finance | State Revolving Fund

Biden Stocks Transition Teams with Climate Experts
Scientific American | Nov. 14 | Energy Finance | Federal | Resiliency

ReVive Qualified OZ Fund Launches Seeking Accredited Investors for Impact Investment into Hydroponic Green Houses
Benzinga | Nov. 13 | Energy Finance | Green Finance | Opportunity Zones

$10M New York Climate Progress Program Towards Lower Carbon Emissions
EIN Presswire | Nov. 13 | Energy Finance | Green Finance | Resiliency | State Finance Program

DOE to Award $130M in Solar Tech Research Project Funds
ExecutiveBiz | Nov. 13 | Agriculture Finance | Energy Finance | Food Systems Finance | U.S. Dept. of Energy (DOE)

EPA Announces Nearly $500M for Water Infrastructure Projects in Northern California
Water World | Nov. 12 | Infrastructure Finance | U.S. Environmental Protection Agency (EPA) | Water Finance | Water Finance | Sewage & Waste | WIFIA | Water Infrastructure Finance and Innovation Act (WIFIA)

Georgia Environmental Finance Authority Loans Over $134M for Statewide Water Infrastructure
Valdosta Today | Nov. 12 | Infrastructure Finance | State Finance Program | Water Finance | Green Stormwater Infrastructure | Water Finance | Drinking Water | Sewage & Waste | State Revolving Fund | Stormwater

Ohio Agency Financing Program Helps Energy Efficiency Projects Clear the Air
Energy News Network | Nov. 12 | Energy Finance | Green Finance | State Finance Program | Case Studies

Our Water: CARES Act Funding Approved for Utility Bill Relief in San Angelo, TX
Concho Valley | Nov. 11 | Disaster Recovery & Relief | Local Finance Program | Water Finance | COVID-19

Transforming Municipal Water Performance
Water & Wastes Digest | Nov. 11 | Energy Finance | Infrastructure Finance | Water Finance | Water Finance

Major Recycled Water Project Moves Forward in Southern California
Yahoo Finance | Nov. 10 | Energy Finance | Local Finance Program | Water Finance

EPA Awards Approximately $90M to Address Water Infrastructure in Massachusetts
U.S. EPA | Nov. 9 | Federal | U.S. Environmental Protection Agency (EPA) | Water Finance

Local Transportation, Climate Measures on 2020 Ballots Win Big
U.S. PIRG | Nov. 4 | Energy Finance | Green Finance | Infrastructure Finance | Legislative | Resiliency | Transportation

Parker Village in Detroit, MI Continues Growing Green Tech to Revitalize the ‘City of Trees'
Model D | Nov. 3 | Agriculture Finance | Energy Finance | Food Systems Finance | Housing Finance | Opportunity Zones | Property Assessed Clean Energy (PACE)

VEDA Secured $75M in Loans and $11.7M in PPP
Vermont Biz | Oct. 30 | Agriculture Finance | Disaster Recovery & Relief | Energy Finance | Revolving Loan Funds (RLFs) | U.S. Small Business Administration (SBA) | COVID-19

Green Bonds Fall Short in Biodiversity, Sustainable Land-Use Finance
Landscape News | Oct. 29 | Bond Finance | Energy Finance | Green Finance | International | Green Bonds | Green Bonds

State and Local Ballot Measures Aiming to Finance Climate Action
Smart Cities Dive | Oct. 27 | Access to Capital | Energy Finance | Green Finance | Legislative | Local Finance Program | Resiliency | State Finance Program | Case Studies | Local Green Finance Programs | State Green Finance Programs

Berks County, PA Establishes C-PACE Program for Clean Energy Property Projects
BCTV | Oct. 26 | Energy Finance | Green Finance | Local Finance Program | Property Assessed Clean Energy (PACE) | Programs

Roanoke, VA Encourages Energy Efficiency & Clean Energy with C-PACE
Patch | Oct. 23 | Energy Finance | Local Finance Program | Property Assessed Clean Energy (PACE) | Property Assessed Clean Energy Bonds (PACE) | Programs

Resetting the Mission for WIFIA
Water Finance & Management | Oct. 23 | Access to Capital | Water 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


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