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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.

Largest MI PACE Deal Used to Retrofit the St. Clair InnMembers only Login
The St. Clair Inn recently used PACE to implement a broad array of updates including LED lights, efficient appliances and water saving measures, using over $5.5 million in PACE financing. This is the largest PACE deal that Michigan has had to date.
Energy Finance: The Green Bank Model in New EnglandMembers only Login
Brian McCarter. CEO of Sustainable Real Estate Solutions, explores the Green Bank Model for clean energy investment as well as opportunities to expand the use of Property Assessed Clean Energy (PACE) to both commercial and residential sectors.
Energy Finance: The Green Bank Model in New EnglandMembers only Login
Bert Hunter explores the Green Bank Model for clean energy investment as well as opportunities to expand the use of Property Assessed Clean Energy (PACE) to both the commercial and residential sectors.
Iowa's Biomass Conversion Action Plan 2018Members only Login
Consumption of renewable energy in the United States is at the highest level in history, contributing to energy security and other economic and environmental benefits. The largest single source of renewable energy is biomass, representing nearly half of renewable energy consumed in 2016.
CDFA // BNY Mellon Webcast Series: Picking Up the PACE State by StateMembers only Login
During this installment of the CDFA // BNY Mellon Webcast Series, Caleb Bell with Bricker & Eckler LLP and David Gabrielson with PACENation discussed the best practices in crafting PACE enabling legislation as well as case studies of some of the most effective legislation to date.
More Case Studies

-Renewable Energy / Energy Efficiency Bonds

Financing Low-Carbon Buildings and Energy Efficiency in the Green Bond MarketMembers only Login
There are substantial opportunities to leverage green bonds to finance low-carbon buildings and energy efficiency in the country. Issuance across the world shows that capital markets can be accessed to finance energy efficiency and buildings. Financing climate adaptation and resilience also presents opportunities.
Growing Green Bond Markets: The Development of Taxonomies to Identify Green Assets Members only Login
Green bond guidelines are being implemented across the globe to support issuers and investors in selecting and reporting on suitable projects. However, a gap of adoption of green definitions remains, suggesting the need to develop consistent approaches that can increase the capability of issuers and investors to identify eligible green and sustainable assets.
Building Resiliency Through Green InfrastructureMembers only Login
Cities have recently integrated more green infrastructure strategies into their climate resiliency planning. Creating climate-resilient cities takes more than a series of infrastructure investments; more than sea walls and permeable pavement. It takes investment in people. Those most vulnerable to the effects of climate change are those without living wages or access to political power—very often communities of color.
CDFA - PFM Capital Markets Webinar Series: Financing for Climate ResilienceMembers only Login
During this webinar, Eric Espino with PFM, Heather Green with the City and County of San Francisco, and Bob Gamble with PFM discussed how cities are addressing the challenges of climate change and the types of bond and financing structures being used to build more resilient communities.
Growing the U.S. Green Bond MarketMembers only Login
The United States’ deteriorating infrastructure is woefully underprepared to address the challenge of adapting to climate change. The funding gap has presented an opportunity for global capital markets to create investment vehicles that provide long-term yield, while also helping communities mitigate or adapt to the effects of global warming. One such vehicle that has arisen in the past decade is the green bond: a traditional fixed income security with an additional layer of environmental sustainability.
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-U.S. Department of Energy

Financing Brownfields Cleanup and BuildupMembers only Login
Case Studies Featuring Oregon Brownfields Redevelopment Projects. Featuring the City of Hillsboro and Coos Bay.
Financing Improvements for Energy Efficiency in Ohio - Current TrendsMembers only Login
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 EnergyMembers only Login
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) OverviewMembers only Login
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 GuidelinesMembers only Login
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)

PACE Wisconsin OverviewMembers only Login
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. Jason Stringer with PACE Wisconsin explores the latest PACE projects in Wisconsin, as well as explain the basic concepts of the tool and how it is beneficial for local governments and property owners in the state
818 Post Road PACE Casey StudyMembers only Login
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. Aaron Kraus with Greenworks Lending explores the latest PACE projects in Wisconsin, as well as explain the basic concepts of the tool and how it is beneficial for local governments and property owners in the state
PACE Financing in WisconsinMembers only Login
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. Brad Elmer with Baker Tilly explores the latest PACE projects in Wisconsin, as well as explain the basic concepts of the tool and how it is beneficial for local governments and property owners in the state.
C-PACE for Opportunity ZonesMembers only Login
How C-PACE can be used in Opportunity Zones featuring case studies of completed projects.
CDFA // BNY Mellon Webcast Series: Picking Up the PACE State by StateMembers only Login
During this installment of the CDFA // BNY Mellon Webcast Series, Caleb Bell with Bricker & Eckler LLP and David Gabrielson with PACENation discussed the best practices in crafting PACE enabling legislation as well as case studies of some of the most effective legislation to date.
View More Resources

-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 SustainabilityMembers only Login
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'sMembers only Login
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: Picking Up the PACE State by StateMembers only Login
During this installment of the CDFA // BNY Mellon Webcast Series, Caleb Bell with Bricker & Eckler LLP and David Gabrielson with PACENation discussed the best practices in crafting PACE enabling legislation as well as case studies of some of the most effective legislation to date.
CDFA // BNY Mellon Webcast Series: The Food System - Thinking Outside of the SiloMembers only Login
During this installment of the CDFA // BNY Mellon Webcast Series, Barry Kukovich with Peoples Gas, Glenn Ford with InCity Farms and Rick Terrien with Artisan Food Networks, thought outside the silo and recognized the food system as an economic development tool by discussing innovative financing to fill the gaps of regional food systems.

CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Fifth Third Bank
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McCarter & English, LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
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