Dive In: Intro P3 and RLF Courses at CDFA Virtual Summer School!
Registration is still open for CDFA Virtual Summer School, including the Intro Public Private Partnership (P3) Finance Course on August 5-6 and the Intro Revolving Loan Fund (RLF) Course on August 12-13. Join us to learn about these financing approaches, which are essential for many energy and water projects.
EPA Announces $6B in New Funding for Water Infrastructure Projects
The U.S. Environmental Protection Agency announced the 2020 notice of funding availability under its Water Infrastructure Finance and Innovation Act (WIFIA) program, including funding for the new State infrastructure financing authority WIFIA (SWIFIA) program.
CDFA Announces the CDFA-Frost Brown Todd Infrastructure Finance Collaboration
The Council of Development Finance Agencies has partnered with Frost Brown Todd and its affiliate FBT Project Finance Advisors on the new CDFA Intro Infrastructure Finance WebCourse and the CDFA Finance Toolbox video series. This collaboration will focus on financial challenges and opportunities facing communities working to develop or upgrade energy, water, broadband, disaster recovery, transportation, and other services, and provide expert analyses to inform the development finance industry.
Pennsylvania Closes First C-PACE Deal, $1.5M for Efficiency Improvements
The first project in Pennsylvania to use Commercial Property-Assessed Clean Energy (C-PACE) financing will use $1.5 million to pay for energy and water efficiency upgrades in a new mixed-use development in the Kensington-Harrowgate neighborhood of Philadelphia.
$9.3M Solar Projects Accelerated by School Shutdown in West Milford, NJ
The Energy Savings Improvement Program, a lease-purchase method of financing local government energy conservation measures, has made $9.3 million available to the West Milford school district for solar installations and energy efficiency upgrades that are expected to pay for themselves by 2039.
Inaugural Green Bond Designation Completed by California-based PACE Funding Group
PACE Funding Group, LLC, a California-based specialty finance company, announced today that it completed a $ 107 million securitization of residential Property Assessed Clean Energy (PACE) assets. The "Green Bond" transaction represents the fourth asset-backed securitization completed by the Company and its first Rule 144a transaction, following its first three transactions in 2018 and 2019 for a total of $165 million.
CDFA Member Bricker & Eckler Launch Midwest PACE in Ohio, Kentucky
Bricker & Eckler LLP have acquired Ohio PACE and Energize Kentucky commercial PACE programs from The Greater Cincinnati Energy Alliance, through which the law firm has launched Midwest PACE. With the creation of Midwest PACE, commercial PACE financing stakeholders will continue to have PACE financing services available for their projects through the Ohio PACE and Energize Kentucky programs.
First Offshore Wind Project in U.S. Federal Waters Completed
Dominion Energy has successfully installed two wind turbines 27 miles off Virginia Beach, which is the first offshore wind farm to be approved by the Bureau of Ocean Energy Management (BOEM) and installed in federal waters.
$315M Hydrogen Investment Fund Due to Launch in 2020
Hydrogen has long been touted as a potential clean fuel as it only emits water vapor but it has failed to gain traction, mainly because of historically high production, transportation, and storage costs. HydrogenOne Capital - a London-based, $315 million fund - is due to launch by the end of 2020 as the world's first hydrogen-dedicated investment fund.
Georgia Power Operator Fires Up Inaugural U.S. Institutional Green Loan
Georgia Renewable Power closed the first green loan in the US institutional leveraged loan market last month, giving investors a rare chance to diversify their portfolios while meeting environmental goals. Bankers view Georgia Renewable Power as an ideal candidate to introduce the new debt instrument to the institutional market because the borrower owns two biomass-fired power plants, and there's little doubt about the proceeds going toward renewable power needs.