Environmental Impact Bonds Could Help Pay for Rehab of LA Coastline
The bonds are a financing tool in which repayment to investors is linked to the achievement of a desired environmental outcome. In this case, the outcome is sustained wetlands that help curb land loss and provide risk reduction for coastal residents and businesses.
$500M Fund Launched for Colorado Clean-Energy Program Financing
Lever Energy Capital, a Denver-based Commercial Property Assessed Clean Energy (C-PACE) financier, has launched, in partnership with Fort Worth, TX-based Crescent Real Estate, a venture to originate $500 million in sustainable commercial real estate financing.
The Kresge Foundation Makes $3M Investment in Loan Program in Saint Paul, MN
The Kresge Foundation made a $3 million program-related investment into the Port Authority's Trillion BTU and MinnPACE loan programs. Funds are restricted to commercial projects in low-income neighborhoods, with preference given to women and minority owned businesses and nonprofit organizations. Funds are available for the next 18 months.
EPA Provides $135M for Orange County, CA Project
The U.S. Environmental Protection Agency has announced a $135 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the Orange County Water District to help finance its Groundwater Replenishment System final expansion. The Orange County Water District estimates the project will cost $282 million.
MO DED Awards $7.8M in Energy Loans
The Missouri Department of Economic Development's Division of Energy has announced the award of $7.8 million for low-interest loans to assist energy-efficiency and renewable energy projects statewide. The funding will go to nine public schools, three city/county governments, one hospital, and one higher education institution.
Green-Bond Sales Surge Toward Record as Borrowers Burnish Brands
Sales of green bonds by U.S. companies in 2018 have already topped last year and are on pace for a record. The pickup hasn't been fueled so much by a desire to fatten the bottom line rather many companies want to burnish their brands and satisfy investor demand.
DOE Issues $2B Tribal Energy Loan Guarantee Program Solicitation
The U.S. Department of Energy (DOE) has issued the first loan guarantee solicitation for the Tribal Energy Loan Guarantee Program (TELGP). This solicitation provides as much as $2 billion in partial loan guarantees to support economic opportunities for Native American and Alaska Native communities.
USDA Partners to Improve Rural Water Infrastructure in 103 Communities
USDA is making investments in 35 states through the Water and Waste Disposal Loan and Grant program. The funds can be used to finance drinking water, storm water drainage and waste disposal systems for rural communities with 10,000 or fewer residents. In total, $267 million will be invested this round.