Renewable energy policy

Greenworks Lending Announces $40 Million Corporate Investment From CarVal Investors

Retrieved on: 
Wednesday, December 5, 2018

DARIEN, Conn., Dec. 5, 2018 /PRNewswire/ -- Greenworks Lending, a specialty finance company dedicated to commercial property assessed clean energy (C-PACE), today announced the closing of a corporate investment totaling $40 million from CarVal Investors.In addition, CarVal Investors has committed to provide Greenworks Lending with at least $250 million in capital to support the generation and funding of large-balance C-PACE assets.

Key Points: 
  • DARIEN, Conn., Dec. 5, 2018 /PRNewswire/ -- Greenworks Lending, a specialty finance company dedicated to commercial property assessed clean energy (C-PACE), today announced the closing of a corporate investment totaling $40 million from CarVal Investors.In addition, CarVal Investors has committed to provide Greenworks Lending with at least $250 million in capital to support the generation and funding of large-balance C-PACE assets.
  • Two of CarVal Investors' investment strategies include commercial real estate credit and renewable energy.
  • "They are industry founders and leaders with a proven platform and we are excited about the opportunity for CarVal to support the growth of Greenworks Lending."
  • "CarVal's investment in Greenworks comes at an exciting moment for Greenworks Lending and the industry as a whole.

Petros PACE Finance Secures Multi-Billion Dollar Capital Commitments & Growth Equity Financing

Retrieved on: 
Wednesday, November 28, 2018

"We're pursuing our aggressive growth strategy to extend our reach well beyond the 11 states that we have already transacted in," said Petros PACE Finance CEO Mansoor Ghori.

Key Points: 
  • "We're pursuing our aggressive growth strategy to extend our reach well beyond the 11 states that we have already transacted in," said Petros PACE Finance CEO Mansoor Ghori.
  • "We have assembled a diverse bench of institutional investors with insatiable appetite for the product, which creates efficiencies and certainty of close on C-PACE financings by Petros PACE Finance," said Petros PACE Finance CFO Jim Stanislaus.
  • Founded in 2013, Petros PACE Finance has dedicated all of its resources to providing long-term C-PACE financing to commercial property owners and developers across the country.
  • Petros PACE Finance provides developers and property owners with the upfront capital for these projects.

BEIS Committee Chair comments on feed-in and export tariffs

Retrieved on: 
Thursday, November 22, 2018

Rachel Reeves MP says small-scale renewable electricity generators are set to lose support from the scrapping of feed-in tariff and export tariff

Key Points: 
  • Rachel Reeves, Chair of the Business, Energy and Industrial Strategy Select Committee said,
    "Rooftop solar and other small-scale renewable electricity generators are set to lose support from the scrapping of the feed-in tariff and the export tariff.
  • Its disappointing the Government has failed to spell out why it is that householders should provide solar power to the grid for free and the proposal on the export tariff risks destabilising the development of the small-scale renewable industry in the UK.
  • The Government appears to be shifting on this, but it urgently needs to set out how it will support small-scale renewables and ensure our solar industry gets the backing it deserves".

Ygrene Helps Homeowners Save Hundreds Of Millions On Property Insurance Premiums And Surpasses $500 Million In Funded PACE Projects In Florida

Retrieved on: 
Monday, November 19, 2018

Ygrene's Property Assessed Clean Energy (PACE) program, through partnership with local governments, provides property owners access to affordable, private financing for hurricane protection, renewable energy, and energy efficient home and building improvements.

Key Points: 
  • Ygrene's Property Assessed Clean Energy (PACE) program, through partnership with local governments, provides property owners access to affordable, private financing for hurricane protection, renewable energy, and energy efficient home and building improvements.
  • Ygrene's PACE financing program is currently available in more than 170 communities across Florida.
  • Ygrene is helping communities across the nation fund projects to meet their energy efficiency and resiliency goals.
  • The full list of Florida jurisdictions where Ygrene's PACE program has been approved can be found here .

Ygrene Energy Fund Addresses Need For Resiliency At 2018 California Economic Summit

Retrieved on: 
Thursday, November 15, 2018

PETALUMA, Calif., Nov. 15, 2018 /PRNewswire/ --Ygrene Energy Fund, a leading provider of residential and commercial Property Assessed Clean Energy (PACE) financing for energy efficiency, resiliency, renewables, and water conservation, is participating this week in the California Economic Summit .

Key Points: 
  • PETALUMA, Calif., Nov. 15, 2018 /PRNewswire/ --Ygrene Energy Fund, a leading provider of residential and commercial Property Assessed Clean Energy (PACE) financing for energy efficiency, resiliency, renewables, and water conservation, is participating this week in the California Economic Summit .
  • The summit, presented by California Forward and the California Stewardship Network, takes place on November 15 and 16, 2018, at the Hyatt Regency in Santa Rosa, California.
  • "Ygrene is honored to participate in this year's Economic Summit.
  • The Economic Summit includes a comprehensive agenda addressing some of California's biggest challenges, including creating community resiliency during a time of climate change.

Publications - Clean Energy package - Committee on Industry, Research and Energy

Retrieved on: 
Thursday, November 15, 2018

Energy efficiency - Rapporteur Miroslav Poche / Governance of the Energy Union - Rapporteurs Michle Rivasi, Jakop Dalunde / Promotion of the use of energy from renewable sources - Rapporteur Jos Blanco Lpez

Key Points: 

Energy efficiency - Rapporteur Miroslav Poche / Governance of the Energy Union - Rapporteurs Michle Rivasi, Jakop Dalunde / Promotion of the use of energy from renewable sources - Rapporteur Jos Blanco Lpez

NorthWestern Energy and Montana Intervenors Reach Settlement to reduce Customer Bills with the Tax Cuts and Jobs Act benefits

Retrieved on: 
Saturday, November 10, 2018

If approved by the commission, the settlement will provide a one-time credit of $20.5 million to eligible customers commencing within 30 days of MPSC approval.

Key Points: 
  • If approved by the commission, the settlement will provide a one-time credit of $20.5 million to eligible customers commencing within 30 days of MPSC approval.
  • This includes a $19.2 million credit to electric customers and $1.3 million credit to natural gas customers.
  • To be eligible for a credit a customer must have been a NorthWestern Energy customer as of September 30, 2018 and remain a customer on the date the refund is provided.
  • Under this settlement, average eligible residential electric and gas customers will receive a credit of approximately $24.00 and $3.50, respectively.

Lightsource BP Signs Contracts for 25 MW of Solar Power in Western U.S.

Retrieved on: 
Wednesday, November 7, 2018

The power purchase agreements (PPAs),comprising 25 megawatts (MWs), will bring locally-generated solar photovoltaic(PV) power to the utilities' customers over 20+ year terms.

Key Points: 
  • The power purchase agreements (PPAs),comprising 25 megawatts (MWs), will bring locally-generated solar photovoltaic(PV) power to the utilities' customers over 20+ year terms.
  • "We're excited to deliver affordable local solar to our utility partners and their customers," said Katherine Ryzhaya, Lightsource BP's U.S. Chief Commercial Officer.
  • David Windle, BP head of solar energy, said, "The United States is an important market for renewables and for Lightsource BP, and this announcement demonstrates the real momentum we are building across the country.
  • Lightsource BP is an independent, global leader in the funding, development, acquisition and long-term management of solar PV projects.

Teleste's Power-saving Innovation Selected as a Winner in Adaptive Power Challenge

Retrieved on: 
Wednesday, October 24, 2018

You can read more about the challenge winners on Adaptive Power Challenge website .

Key Points: 
  • You can read more about the challenge winners on Adaptive Power Challenge website .
  • Started in 2018, the Adaptive Power Challenge has turned the cable industry's eye on reducing power consumption and creating a positive environmental impact through improved energy efficiency.
  • Besides environmental benefits, reducing power consumption can offer operators significant cost-saving opportunities by cutting down energy expenses.
  • "Taking part in the Adaptive Power Challenge has been an exciting journey.

Ygrene, City of St. Louis Reach Major Milestone for National Energy Efficiency and Renewable Program

Retrieved on: 
Friday, October 19, 2018

ST. LOUIS, Oct. 19, 2018 /PRNewswire/ -- The City of St. Louis and Ygrene, a national leader in energy efficiency and renewable financing, celebrated on October 5th five years since the launch of "Set the PACE St. Louis," ( www.setthepacestlouis.com ) a comprehensive, privately-funded energy financing program for both residential and commercial buildings.

Key Points: 
  • ST. LOUIS, Oct. 19, 2018 /PRNewswire/ -- The City of St. Louis and Ygrene, a national leader in energy efficiency and renewable financing, celebrated on October 5th five years since the launch of "Set the PACE St. Louis," ( www.setthepacestlouis.com ) a comprehensive, privately-funded energy financing program for both residential and commercial buildings.
  • That's the type of successful public-private partnership that is helping St. Louis lead the nation in innovative programs to the benefit our City."
  • Since then, the program has funded more than 100 energy efficiency and renewable projects and abated more than 34,000 metric tons of carbon pollution.
  • Ygrene Energy Fund is a national leader in residential and commercial energy efficiency and resiliency financing.