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Energy Finance Resource Center

Energy finance is one of the fastest growing areas of development finance. Essentially, energy finance is focused on tools that improve energy efficiency, provide alternative clean energy generation or assist with large scale energy distribution. Tool such as grants, loan guarantees, revolving loan funds and tax credits are the major drivers of the energy finance sector. However, new approaches such as PACE, on-bill financing and bonds are emerging quickly. The federal government, primarily through the U.S. Department of Energy and U.S. Department of Agriculture, has also taken an active and proactive role in financing energy development.

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+Resources

+Case Studies

Energy finance tools come in a variety of forms. These tools include loans, assesments, tax credits and bonds. CDFA has collected hundreds of case study examples.

Creative Financing Strategies - Green Bank Principles and the NY Green Bank
Unique development financing solutions are increasingly sought after to complete projects of all sizes, and it is often necessary to find creative approaches that involve combining multiple financing tools. Andrew Levine of Stradley Ronon Stevens & Young discusses the New York Green Bank and its principles.
Rural Development and Small Town Approaches to Access to Capital - Village of Minster
Urban communities like Cleveland and Cincinnati are not the only places looking for help to fund economic development. Ohio is filled with rural communities and small towns that are also in need of financing strategies. These areas face unique development financing challenges and needs such as downtown revitalization, food systems, infrastructure and energy finance. A number of creative and important financing tools exist to assist rural and small town development. Donald Harrod of the Village of Minster discusses the Solar and Energy Storage Project in the Village.
Energy Efficiency Financing Programs
Investments in clean energy and infrastructure projects are growing rapidly, and the need for sustainable financing solutions becomes more important every day. From new production facilities and renewable energy source development to the retrofitting and renovation of existing buildings and systems, energy finance has become a driving force in the economic development community.
2017 CDFA Michigan Financing Roundtable Webinar
The 2017 CDFA Michigan Financing Roundtable Webinar discusses the latest and greatest in Development Finance across the state. The webinar includes two sessions: Development Finance Current Events Review and The Michigan Bond Market. Experts, Craig Hammond with Dickinson Wright PLLC, Joshua Hundt with Michigan Economic Development Corporation, and Todd Parker with Michigan Saves begin the webinar by presenting exciting developments in the state, then Ian Koffler and Steve Mann with Miller, Canfield, Paddock and Stone, P.L.C. and Bill Roche with Hutchinson, Shockey, Erley & Co. end with walking us through the bond financing process while exploring strategies for maximizing this financing tool in Michigan.
Energy Development Finance in Washington
Juliana Williams, Senior Sustainable Energy Analyst with the Washington State Housing Finance Commission gives an overview of Energy Development Finance in Washington.
More Case Studies

+Renewable Energy / Energy Efficiency Bonds

Energy Efficiency Financing Programs
Investments in clean energy and infrastructure projects are growing rapidly, and the need for sustainable financing solutions becomes more important every day. From new production facilities and renewable energy source development to the retrofitting and renovation of existing buildings and systems, energy finance has become a driving force in the economic development community.
Arizona Bond Market Outlook
Nick Dodd, Managing Director from RBC Capital Markets discuss current trends in the Arizona bond market.
Moody's Assigns its First Green Bond Assessment to Dutch Mortgage Deal
Moody's Investors Service has released a report from their first assigned Green Bond Assessment (GBA) of GB1 to GREEN STORM 2016 B.V., a Dutch green residential mortgage-backed securitisation (RMBS).
Green Striping Bond Finance
Diversity in the environmental asset class is suffering from high minimum issuance sizes and monitoring costs. Green striping could be the solution.
Financing Resilient Infrastructure
The U.S. Dept. of Housing and Urban Development Office of Economic Resilience released this fact sheet on financing high-performance infrastructure, which are designed to help stretch public funding further. They are also useful for communities that want to incorporate resilience and social co-benefits into their infrastructure design and delivery.
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+U.S. Department of Energy

Financing Brownfields Cleanup and Buildup
Case Studies Featuring Oregon Brownfields Redevelopment Projects. Featuring the City of Hillsboro and Coos Bay.
Financing Improvements for Energy Efficiency in Ohio - Current Trends
Energy development is the fastest growing area of development finance nationwide. Caleb Bell (Bricker & Eckler LLP) discuss the financing mechanisms behind energy efficiency loans and bonds in Ohio.
Clean Energy Financing from the Dept. of Energy
The Department of Energy’s Loan Programs Office has more than $40 billion in authority to finance innovative clean energy projects and advanced technology vehicles manufacturing. 
Solar and Energy Loan Fund (SELF) Overview
The Solar and Energy Loan Fund is a 501(c)3 non-profit organization and a certified CDFI which provides energy expertise and affordable financing to enable low-to-moderate income homeowners and small businesses to identify and make cost-effective energy retrofits to their homes and businesses.
Energy Efficiency Conservation Block Grant Program Guidelines
The California Energy Commission has developed these Guidelines to help implement and administer the Energy Efficiency and Conservation Block Grant Program.
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+Property Assessed Clean Energy (PACE)

State of the PACE Market & Energy Efficiency in Virginia
After eight years of effort, PACE has finally launched in Virginia. Property Assessed Clean Energy (PACE) financing is taking hold across the country through several innovative programs, and Virginia is no different. Designed to support the expansion of energy efficiency, solar, water, wind power and other renewable energy installations for the benefit of commercial buildings, PACE programs capitalize reduction in energy usage by paying for property improvements through voluntary special assessments placed on property tax bills over time. Abigail Johnson of Abacus Property Solutions, Rich Dooley of Arlington County Department of Environmental Services, Susan Elliott of City of Charlottesville, Daniel Farrell of the Virginia Department of Mines, Minerals, and Energy, and Laura Franke of PFM explore the latest PACE developments in Virginia, as well as explain the basic concepts of the tool and how it is beneficial for local governments and property owners in the region.
Energize NY PACE
Property Assessed Clean Energy (PACE) financing is taking hold across the country through several innovative programs. Designed to support the expansion of energy efficiency, solar, water, wind power and other renewable energy installations for the benefit of commercial and residential buildings, PACE programs capitalize reduction in energy usage by paying for property improvements through voluntary special assessments placed on property tax bills over time. Susan Morth of Energize NY discusses PACE projects in the state, as well as explain the basic concepts of the tool and how it is beneficial for local governments and property owners in the region.
State of the PACE Market & Energy Efficiency in New York & New Jersey - Renovate America
Property Assessed Clean Energy (PACE) financing is taking hold across the country through several innovative programs. Designed to support the expansion of energy efficiency, solar, water, wind power and other renewable energy installations for the benefit of commercial and residential buildings, PACE programs capitalize reduction in energy usage by paying for property improvements through voluntary special assessments placed on property tax bills over time. Gabe Maser of Renovate America discusses PACE projects in the state, as well as explain the basic concepts of the tool and how it is beneficial for local governments and property owners in the region.
Energy Efficiency Financing Programs
Investments in clean energy and infrastructure projects are growing rapidly, and the need for sustainable financing solutions becomes more important every day. From new production facilities and renewable energy source development to the retrofitting and renovation of existing buildings and systems, energy finance has become a driving force in the economic development community.
Missouri Clean Energy District
Property Assessed Clean Energy (PACE) financing supports the expansion of energy efficiency, solar, water, wind power and other renewable energy installations for the benefit of commercial buildings. PACE programs capitalize reduction in energy usage by paying for property improvements through voluntary special assessments placed on property tax bills over time. John Maslowski with Renovate America discusses the partnership between the Missouri Clean Energy District and Renovate America to bring PACE financing to Missouri property owners through the HERO program.
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+Training Courses

Energy finance education is essential to ensure project success. CDFA offers two of the only comprehensive training courses available. Courses are two days in length and offered at various times in the year.

The Intro Energy & Water Finance Course begins with an overview of the complex energy development industry and introduces attendees to the terminology and technology driving this movement. We will then examine the entire spectrum of energy financing solutions from bonds to revolving loan funds and innovative incentive programs available to businesses, home owners, development professionals, investors, and government entities

+Webcasts

CDFA // BNY Mellon Webcast Series: Bonds + Financing Sustainability
Bonds are considered the bedrock tool for development finance because of their common use funding traditional projects however they also can be adaptable for new types of projects. In the current day and age sustainability has become a key focus in development finance and bonds have more frequently been used to finance this new wave of projects. During this installment of the BNY Mellon // CDFA Webcast Series Sharon Wojda from the City of Bend, Oregon, and Stephen Pearlman from Pearlman & Miranda, LLC., will look at outside the box ideas for issuing bonds to fund sustainable areas of finance including renewable energy, adaptive reuse for infrastructure and sustainable water solutions.
CDFA & OSU Webcast: Using the Successes of Energy Finance to Guide Progress in Food Systems Finance
The CDFA & OSU Webcast was a special one time offering. The webcast covered the Energy Finance Landscape and explored how its successes may be applied to the Food Systems Landscape. This webcast was run by students taking the graduate level Sustainable Financing class in the Department of City and Regional Planning at The Ohio State University.
CDFA // BNY Mellon Webcast Series: Capturing the Success of High Performing DFA's
This month’s CDFA // BNY Mellon Development Finance Webcast Series on Capturing the Success of High Performing DFA's featured Tim Fisher of CDFA, Paul Toth of Toledo-Lucas County Port Authority, Gary Smith of Chester County Economic Development Council, Samuele Bozzolla of Allegheny County, and Juan Salgado of Phoenix Industrial Development Authority.
CDFA // BNY Mellon Webcast Series: Post-Election Development Finance Landscape
This month’s CDFA // BNY Mellon Development Finance Webcast Series on the post-election development finance landscape featured Toby Rittner of CDFA, Eric Silva of North South Government Strategies, George Friedlander of George Friedlander Consulting, and David Terry of NASEO.
CDFA // BNY Mellon Webcast Series: Engaging Private Capital to Drive Clean Energy Finance
During this CDFA // BNY Mellon Development Finance Webcast, explore how to drive clean energy finance by engaging private capital.

CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • Ballard Spahr LLP
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • Miles & Stockbridge P.C.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
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