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CDFA Energy Finance Update - July 12, 2016

CDFA Energy Finance Newsletter
July 12, 2016
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Energy Finance Update


CT Green Bank Finances Largest Solar Project to Date
The largest solar project financed to date by the Connecticut Green Bank's CT Solar Lease Commercial program is now operational at Lesro Industries in Bloomfield. The project is expected to reduce energy costs for the company by tens of thousands of dollars per year.

USDA to Help Rural Small Businesses Boost Renewable Energy
The USDA announced funding through the Rural Energy for America Program (REAP) for 821 projects across the nation that will help rural small businesses and agricultural producers reduce energy usage and costs in their operations.

PACE Financing Picking Up in FL
Since Florida's Supreme Court upheld the state's PACE law against challenges last autumn, applications for the innovative financing have been rising fast.

MI Awards Qualified Energy Conservation Bonds to Five Projects
Michigan awarded $25 million in Qualified Energy Conservation Bond (QECB) allocations through an open application process coordinated by the Michigan Agency for Energy (MAE), in cooperation with Michigan Department of Treasury.

The California Infrastructure Bank Modernizes
The California Infrastructure Bank (I-Bank) recently issued a $400 million plus Green Bond. The proceeds are going to much-needed water projects in the state. Given the dire situation caused by the drought, money is being deployed swiftly.

PACE Financing Used for $3.3M Upgrade of Downtown Columbus Tower
By using PACE, the owner of the PNC Plaza office tower in Columbus was able to access $3.2 million dollars in up-front capital to fund energy efficiency upgrades without taking on additional debt.

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Energy Finance News

CT's Green Bank New Grant Program Aids Businesses' Energy Efficiency Efforts
New Haven Register | Jul. 12 | Energy Finance | Green Finance | State Finance Program

Petros PACE Finance AnnouncesMI's Largest PACE
PR Newswire | Jul. 12 | Energy Finance

SELF Receives Statewide Certification
SELF | Jul. 7 | Energy Finance | Green Finance | U.S. Dept. of Treasury CDFI Fund

Tower Products Announces New Euro-Hub
The Morning Call | Jul. 7 | Energy Finance | International | Revolving Loan Funds (RLFs)

Renewable Energy Tax Credits News Brief
Novogradac | Jul. 6 | Energy Finance | Green Finance | State Finance Program | Tax Credits

VEDA Approves $15.2 Million in Economic Development Financing
Vermont Business Magazine | Jul. 6 | Energy Finance | Food Systems Finance

PNC Bank Delivers Big Loan for Commerce Tower Project
Kansas City Business Journal | Jul. 6 | Energy Finance | U.S. Dept. of Housing & Urban Affairs (HUD)

USDA Advances $16M in Rural Energy Development Grants
Alaska Star | Jul. 6 | Energy Finance | Rural Development | U.S. Dept. of Agriculture (USDA) | USDA Rural Energy for America Program Grants (REAP Grants) | USDA Rural Energy for America Program Grants (REAP Grants)

Property Assessed Clean Energy Financing for Home Improvements
PR Newswire | Jul. 6 | Energy Finance | State Energy Finance Programs | Energy Efficiency Programs

New Program PACE Financing in Kansas City Area
CBS 8 | Jul. 6 | Energy Finance

NY Catholic Church Goes 100% Solar with Energize NY PACE Finance
Energize NY | Jul. 6 | Energy Finance | Bond Finance

Sumter Co. SC Receives $5M for Energy Conservation
South Carolina Jobs-Economic Development Authority | Jun. 27 | Bond Finance | Energy Finance | Member News

Westar Energy Issues $350M in Green Bonds
The Topeka Capital-Journal | Jun. 23 | Bond Finance | Energy Finance | Green Finance

SEED Program Approves Incentives for 13 MD Businesses
Business Wire | Jun. 22 | Economic Development | Energy Finance | Incentives

North Fork, CA P3 Receives $900K in NMTC
Biomass Magazine | Jun. 14 | Energy Finance | Public-Private Partnership (P3) Financing | Tax Credits

Sheldon, IA Business Expands with RLF
KIWA Radio | Jun. 14 | Access to Capital | Energy Finance | Revolving Loan Funds (RLFs)

Highlights from the Online Resource Database

Roosevelt Landings: A Case Study from NYCEEC
Economic Development | Energy Finance
Commercial and industrial buildings are profiting from major energy efficiency upgrades. Here's how large multifamily properties can be next. A case study from NYCEEC

Qualified Energy Conservation Bonds Known Issued by State - May 2016
Bond Finance | Energy Finance | Green Finance
Energy Consortium provides an update to reflect newly Qualified Energy Conservation Bond (QCEB) issuances known issued by states.

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

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100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300

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