News, Trends & Analysis
Financing
Arithmetic trumps Ideology: Digging Into Conservative Misconceptions of Energy Costs
Sep 2nd
September 2, 2010 in Energy & Fuel
Here is an excellent guest post by an energy veteran and businessman on the costs of clean energy compared to old, dirty energy.
We’ve been writing on clean energy more and more these days. It is clearly one way to address global climate change, air pollution, and water pollution. And with another offshore oil production facility catching fire today, the sense of urgency to switch over from “dirty” to “clean” energy is growing.
In this guest post from Tom Rooney, President and CEO of SPG Solar in Novato, California we get a deeper look into the real costs of energy. Tom has More >
Smart Grid and Renewable Technologies May See Double Digit Growth in Five Years
Aug 28th
Aug 27, 2010
Renewable energy technologies, fueled by worldwide government support in the form of stimulus programs and other incentives, have improved the global economic outlook with new jobs and industry. Six will hit double digit growth in the next five years — and change our lifestyle, according to a series of market studies from SBI Energy. Here’s what the industrial market research company found:
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FHFA statement could bring PACE residential retrofits to a halt unless Congress steps in
Jul 10th
FHFA statement could bring PACE residential retrofits to a halt unless Congress steps in.
Just when you thought things couldn’t get worse, there’s more bad news for the home energy retrofit program PACE.
PACE was already under pressure from mortgage lenders Fannie Mae and Freddie Mac. Now the Federal Housing Finance Agency has weighed in with its opinion of the program, and it isn’t good.
The national mortgage regulator claims PACE (Property Assessed Clean Energy) creates “risk management” challenges and “significant safety and soundness concerns” for mortgage lenders and investors in mortgage securities. The FHFA “urged state and More >
7th Renewable Energy Finance Forum – Wall Street (29-30 June)
Jun 24th
Held at the Waldorf Astoria Hotel on June 18-19, 2008, the conference once again took the lead as the annual event for the US renewable energy and finance industries. Over 700 senior decision makers from 450 companies and 20 countriesattended this flagship US event.
- An astounding 70% of the attendees are C-level (CEO, CFO, CTO, etc) , partners or managing directors; REFF-Wall Street is the deal makers event;
- The reputation of REFF-Wall Street and REFF-West is built on attracting the most senior individuals in financing and investment for the renewable energy sphere. People who control budgets, devise strategy and More >
Financing Renewable Energy Conference, Nov 10-11, Washington, D.C.
Jun 17th
Put the power of knowledge behind your RETC transactions. Hear industry news and updates, hone your technical skills and spend two days exploring the many opportunities made available by the renewable energy tax credit program.
Who Should Attend?
- Accountants
- Developers
- Investors and lenders
- Government agency officials
- Not-for-profit representatives
- Entrepreneurs and venture capitalists
Why You Should Attend?
- Hear from the industry’s foremost practitioners
- Take part in rich and timely discussions:
- A Washington report
- Current solar and wind developments and a forecast for the coming years
- How to stretch your project reach by pairing subsidies
- Develop relationships with active professionals
- Learn where to find and take advantage of the billions of dollars made available by the More >
Will Fanny and Freddy Stop PACE? (Mortgage Lenders vs Property Tax)
Jun 14th
A national response over lender concerns about green retrofit programs
ROSALIND JACKSON AND ANNIE CARMICHAEL: JUNE 8, 2010
Cities and counties throughout the U.S. are developing new finance programs that support green retrofits in their communities. Called PACE, these programs represent one of the most promising tools available to local governments eager to bring new jobs, energy bill savings, and environmental benefits to their residents.
Last month, a rather cryptic letter issued by Fannie Mae and Freddie Mac suggested that property owners with mortgages from these lending giants would be prohibited from participating in PACE programs. The move attacks the constitutional right of local More >
Adam Capital (Clean Energy Asset Finance), Solar Solutions Close $500k Renewable Energy Loan Agreement
Apr 30th
April 29, 2010
Adam Capital offers collateralized loans between $250,000 and $3 million to commercial scale renewable energy developers of Solar, solar Thermal, Wind, Waste to Energy, and Biofules. SONOMA, Calif.,
Adam Capital Clean Energy Asset Finance, the leading collateral-based lender serving distributive commercial renewable energy developers, today announced the closing of a $500,000 loan with Arizona-based Solar Solutions. Solar Solutions plans to use the loan to install approximately 100 kW of residential solar systems in the Phoenix area.
“The agreement with Solar Solutions is a prime example of Adam Capital’s unique lending model of securing a renewable energy loan primarily by More >Property Assessed Clean Energy (PACE) Web Conference from AltaTerra Research
Apr 28th
April 28, 2010
Web conference, “PACE Funding: Energy Market Breakthrough?” to be held Wednesday, May 19th.
“Despite the rapid increase in PACE programs, there are still a number of questions surrounding PACE programs,” said Jon Guice, Managing Director of Research at AltaTerra Research. “For example, mortgaging agencies, such as Fannie and Freddie Mac, have raised concerns and solar companies have questioned stipulations in PACE programs that require energy consumption reductions before solar power systems can be financed.”Palo Alto, California, April 28, 2010 – Property Assessed Clean Energy (PACE) financing has the potential to transform the energy efficiency and distributed solar energy More >
San Antonio’s #solar #PACE Program “on the rocks” (#Texas #cleantech #finance)
Mar 11th
San Antonio’s woulda-been-groundbreaking solar PACE program on the rocks
Greg Harman gharman@sacurrent.com
Thirty-nine percent of San Antonians are ready to install solar panels and solar hot-water heaters on their rooftops, according to a survey performed last year for the non-profit clean-energy-advocating Solar San Antonio. That is, they’re ready to go solar — if they could afford it.
Even with the on-and-off-again solar rebates offered through City-owned CPS Energy (now on again), solar remains a game largely reserved for wealthier greens. Homeowners must shell out thousands of dollars for even the smallest rooftop arrays, a daunting challenge in very un-affluent San Antonio. However, a More >
#Texas #PACE Program: A Game Changer for the #Green Economy (#cleantech #finance)
Mar 11th
A game-changer for a green economy is closer than you think Posted Tuesday, Mar. 09, 2010
Berkeley, Calif., and Boulder, Colo., may seem like unlikely role models for just about anyplace in Texas. Unless the subject is the green economy.
Those bastions of liberalism are among a handful of cities and counties that have embraced a new financing scheme that may be coming soon to a local government near you. It establishes a special taxing district that raises money, usually through bonds, and lends it to residents to buy solar panels, replace old windows and make other improvements in energy efficiency.
The More >
