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CDFA Energy Finance Update - June 7, 2022

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CDFA Energy Finance Newsletter
June 7, 2022
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Energy Finance Update


Dive Into Development Finance with CDFA's Virtual Summer School!
CDFA Virtual Summer School is a week-long series of courses presented by the CDFA Training Institute. CDFA Virtual Summer School will offer three different training courses, all held online. Learn from our expert practitioners and experience CDFA's most interactive educational event of the year. These courses are also qualify for the CDFA Training Institute's Development Finance Certified Professional Program!

Retiring Illinois Coal Plants Awarded Funding to Add Energy Storage
To boost this effort, the state's Department of Commerce and Economic Opportunity (DCEO) announced $280.5 million in funding over ten years for the five plant sites. The finance comes from Illinois' Coal-to-Solar Energy Storage Grant Programme, which in part incentivizes companies to install energy storage at the sites of former coal plants.

Check Out CDFA's Infrastructure Finance Series - Financing Environmental Infrastructure
This Infrastructure Finance Series is a partnership with Frost Brown Todd LLC. Speakers in this session discussed creative financing options and how to cost-effectively operate existing infrastructure as well as the difficulties and challenges communities may face when combining different tools in the capital stack to finance environmental infrastructure projects.

Solar Energy Facility Investment Will Create 470 New Jobs in Georgia
Governor Brian P. Kemp announced that Qcells, one of the largest and most-recognized renewable energy solutions providers, will invest $171 million in a new solar module manufacturing facility in Dalton, creating 470 new jobs in Whitfield County. The new facility is expected to increase the number of Qcells employees in Georgia to more than 1,000.

Completion of $13M Green Infrastructure Project in Brooklyn and Queens, NY
Governor Kathy Hochul today announced the completion of a $13 million project to install green infrastructure improvements at multiple locations near Jamaica Bay. The Governor's Office of Storm Recovery project included rain gardens, rain barrels, and a shade structure to mitigate flooding, enhance street safety, and reduce pollution across South Brooklyn and South Queens communities.

Vermont Institutions Pool Resources to Win Clean Energy Innovation Funding
A new consortium in Vermont aims to capitalize on the state's compact size and collaborative culture to make it a national role model for clean energy innovation. The Vermont Clean and Resilient Energy Consortium will pursue federal grants to fund any number of projects related to clean energy delivery, renewable energy, decarbonization and energy resiliency.

Solar and Affordable Housing Developments: What You Need to Know
Both housing developers and underserved communities alike can benefit from increasing public funding opportunities for solar. As interest in projects that address environmental, social and governance aspects of investment continues to grow, integrating renewable energy in affordable housing projects can provide significant sustainability benefits to developers, municipalities, and end users.

West Baltimore, MD Community Coalition is Building Their First PACE Program
A coalition of healthcare and aging service advocates, leaders and community organizations has been selected by the Maryland Department of Health to proceed to the next step in bringing the first PACE program to West Baltimore. The Program of All-Inclusive Care for the Elderly provides community-based services to frail individuals who qualify for nursing facility placement. 

Crypto Mining Strains Energy Grid and Creates Fresh Demands for Housing in Texas
The influx of crypto mining to rural Texas has engendered an outsized demand for energy, housing, and other essential services that the Lone Star state is struggling to deliver. Large swathes of Texas that are opening up mining centers are devoid of infrastructure to sustain the new out-of-state workforce, who require essential services like hotel lodging, gas stations and restaurants.

Upcoming Events
CDFA Virtual Summer School

CDFA Federal Financing Webinar Series: Creating More Equitable Environments with the EPA
Tuesday, June 14, 2022 - 2:00 PM - 3:30 PM Eastern
This session of the Federal Financing Webinar Series will highlight the resources available at the U.S. Environmental Protection Agency to encourage development strategies that protect human health and the environment while also creating economic opportunities.

Intro Public-Private Partnership (P3) Finance WebCourse
June 29-30, 2022 - Daily: 12:00 - 5:00 PM Eastern
The Intro Public-Private Partnership (P3) Finance WebCourse examines this emerging development finance model with a focus on how development finance agencies can adopt P3 principles to address a variety of projects. This course will cover basic P3 concepts, key players involved in transactions, asset valuation, contract negotiation, risk assessment, revenue stream development, and feasibility analysis.

Energy Finance News

Achieving a Zero-Carbon Grid with Virtual Power Plants
pv magazine | Jun. 6 | Energy Finance | Green Finance | Infrastructure Finance

In EV Arms Race, Focus Turns to Taxpayers Footing Bill for Shovel-Ready Plant Sites
The Detroit News | Jun. 2 | Energy Finance | Green Finance | Infrastructure Finance

Biden's Infrastructure Bill is Funding the Switch to Electric School Buses
Popular Science | Jun. 2 | Energy Finance | Green Finance | Infrastructure Finance

Rhode Island Announces $500K Investment in Public-Private Initiative for Infrastructure
State of Rhode Island | May. 31 | Economic Development | Energy Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing

Vermont Institutions Pool Resources to Win Clean Energy Innovation Funding
Energy News Network | May. 31 | Energy Finance | Green Finance | Infrastructure Finance

WateReuse Celebrates Introduction of Water Reuse Funding Bill
Water World | May. 31 | Infrastructure Finance | Legislative | Water Finance

Great Lakes Ports' Director Outlines Infrastructure Priorities
AJOT | May. 31 | Infrastructure Finance | Water Finance

Maryland Stormwater Tunnel Project Gets $75M EPA Loan Boost
ENR | May. 26 | Infrastructure Finance | Water Finance

Moving Towards Sustainable Banking for Competitive Growth and Renewed Client Orientation
Global Banking & Finance Review | May. 26 | Energy Finance | Green Finance | Social Finance

DOE: We're Hiring 1,000 Workers in Infrastructure Push
E&E News | May. 24 | Energy Finance | Green Finance | Infrastructure Finance | U.S. Dept. of Energy (DOE)

Liberty Elementary Transitions to Clean Energy with New Solar Panel System
Fox 28 Savannah | May. 23 | Energy Finance | Green Finance

DC Green Bank Commits $7.5M to Residential Solar Projects
Commercial Observer | May. 23 | Energy Finance | Green Finance | Infrastructure Finance

Feinstein, Kelly, Sinema Introduce Bill to Increase, Modernize Water Supply
United States Senator for California | May. 19 | Infrastructure Finance | Legislative | Water Finance

SD Announces More Than $98M for Environmental Projects
South Dakota State News | May. 17 | Access to Capital | Community Development | Economic Development | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

Michigan's "Very Big Opportunity" in Infrastructure Windfall
NPR | May. 10 | Federal | Infrastructure Finance | Revolving Loan Funds (RLFs) | Rural Development | Water Finance

Biden Administration Launches $2.5B Fund to Improve America's Power Grid
U.S. Department of Energy | May. 10 | Access to Capital | Economic Development | Energy Finance | Federal | Green Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing | Resiliency

U.S. DOE to Commit $2.25B to Carbon Storage Program
Marine Link | May. 9 | Energy Finance | Infrastructure Finance

More Than 2,200 Dams Are in Poor Condition, Posing Danger to Communities
NPR | May. 9 | Infrastructure Finance | Water Finance

Oregon DOT Commits $100M to Electric Vehicle Charging Infrastructure
KTVZ | May. 9 | Energy Finance | Green Finance | Infrastructure 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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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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