Financial

Citi to Power Texas Data Center with 50% Retail, Renewable Energy

Cheryl Kaften

Citi has entered into a contract to purchase retail, renewable power from MP2 Energy for a multi-year term at its Roanoke, Texas, data center, the financial services provider announced on January 10. The contract will provide Green-e certified renewable energy for 50 percent of the data center’s power needs. The contract takes into consideration the   …Continue Reading


Williamson County, TX, Approves PACE Loans

Carl Weinschenk

In Williamson County, Texas, commissioners have approved participation in a Property Assessed Clean Energy (PACE) loan program, according to The Statesman. The PACE structure is expected to facilitate longer-term energy efficiency loans, the story said. The county will act as a liaison between the property owner and the issuing entity. It would, however, have no   …Continue Reading


Energy Managers: Reach Out to the Finance Department

Carl Weinschenk

Energy managers have a lot of projects that deserve attention. They need to keep things running smoothly, enhance efficiency and institute programs that in other ways save money or improve processes. They can’t do this alone, however. The first thing that the need is money. And, for money, they have to get people from the   …Continue Reading


What Does the JPMorgan Chase/Current LED Deal Say About the Future?

Carl Weinschenk

The deal announced yesterday between Current – GE’s energy-focused startup – and JPMorgan Chase & Co. for a massive LED replacement project has the feel of being something of a milestone. One thing that is for certain is that it’s about more than the LEDs. And that’s saying a lot: The deal, according to the company,   …Continue Reading


Follow the Money: REITs, MLPs and Yieldcos

Carl Weinschenk

Building owners and those who advise them face important choices in the financing of energy efficiency projects and, a bit more indirectly, must understand the financial underpinnings of their renewable energy suppliers. This week – in conjunction with its annual conference and expo in Washington, DC – The National Institute of Building Sciences (NIBS) released a   …Continue Reading


PACE Equity Expands, Adds $200M in Funding

Carl Weinschenk

PACE Equity is adding $200 million in funding for Property Assessed Clean Energy (PACE) commercial real estate funding, the company says. The organization also is adding to its team of experts. PACE, which is headquartered in Milwaukee, offers innovative ways to finance initial construction, rehabilitation and redevelopment of commercial buildings. The company says that traditional   …Continue Reading


5 Groups Honored for Energy Efficiency in Salt Lake City

Linda Hardesty

In May 2014, Salt Lake City launched a yearly competition – Project Skyline – that challenges building owners to proactively meet and exceed the energy-saving targets of the Mayor’s Sustainable Salt Lake Plan 2015 and reduce citywide building energy use by 15 percent by 2020. The 2015 Award Winners are: Energy Innovator Award: Basic Research,   …Continue Reading


Bank of America Issues $600M Green Bond

Linda Hardesty

Bank of America has issued a green bond for $600 million to advance renewable energy and promote energy efficiency. This is the company’s second green bond. In November 2013, Bank of America issued its first green bond for $500 million. The funds from Bank of America’s green bonds are used specifically to finance renewable energy projects   …Continue Reading


Credit Union is Serious about Saving Energy

Linda Hardesty

Suncoast Credit Union operates solar PV systems at six of its branch locations in Florida. The company is tracking the energy usage to determine if some of the locations are actually net-zero-energy facilities. In addition to solar power, one location – the 5,000-sq-foot Suncoast branch in Riverview, Florida – also features geothermal cooling from wells   …Continue Reading


DOE Announces 20 New Better Buildings Challenge Partners

Karen Henry

More than 20 new Better Buildings Challenge partners have committed to improving energy efficiency across their respective building portfolios by 20 percent over the next decade, the US Department of Energy (DOE) announced. These new partners bring with them more than 70 million square feet of fast-food, restaurant, manufacturing, university and government facilities. The new   …Continue Reading