PACE financing helps New York meet energy goals

PACE financing helps New York meet energy goals

Based on a unique public-private partnership model, PACE financing empowers building owners to make energy and efficiency improvements and pay for them via their property taxes.

World Bank increases support for clean, renewable energy in Bangladesh

The World Bank has approved $55 million to expand the use of clean renewable energy in rural areas of Bangladesh where grid electricity cannot reach easily. The additional financing to the Second Rural Electrification and Renewable Energy Development (RERED II)...

Wells Fargo dedicates $200 billion for sustainable financing

Wells Fargo dedicates $200 billion for sustainable financing

Wells Fargo plans to provide $200 billion in financing to sustainable businesses and projects by 2030, with more than 50 percent focused on clean technology and renewable energy transactions that directly support the transition to a low-carbon economy. The company,...

Green lender Fannie Mae named Energy Star Partner of the Year

Green lender Fannie Mae named Energy Star Partner of the Year

Fannie Mae has received its fourth consecutive Energy Star Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA). An Energy Star partner since 2011, Fannie Mae received the award for its continued commitment and...

India's digital village gets top green rating

India’s Raithal community has been awarded platinum status by the Indian Green Building Council (IGBC), making it the first digital village in the country to be certified a “green village.” The award recognizes Raithal village as a “global leader” for...

Fannie Mae recognized as largest issuer of green bonds

The Climate Bond Initiative, as part of the Third Annual Green Bond Pioneer Awards, recognized Fannie Mae as the 2017 Largest Issuer of Green Bonds in the world. The awards are a globally recognized symbol of innovation and achievement in...

Global Green Finance Index launched

Global Green Finance Index launched

The new Global Green Finance Index (GGFI) has been launched by Z/Yen and Finance Watch, ranking the world's financial centers according to perceptions of the quality and depth of their green finance offerings.   In this inaugural edition (GGFI 1), financial centers in Western Europe outperformed those in other regions, according to a release.

Fifth Third seeks to achieve 100% renewable power

Fifth Third seeks to achieve 100% renewable power

Fifth Third Bancorp has become the first Fortune 500 company and first bank to sign a power purchase agreement to achieve 100 percent renewable power through a single project, according to a release. Fifth Third also has become the first...

PACE financing for commercial buildings picks up pace

PACE financing for commercial buildings picks up pace

Commercial property owners received hundreds of millions of dollars in PACE financing in 2017—more than twice the total amount of deals closed in 2016. It is now possible to arrange PACE financing in more than half the states in the...

N.H. bank earns LEED gold

N.H. bank earns LEED gold

The Manchester, N.H., headquarters of St. Mary’s Bank has been awarded the Leadership in Energy and Environmental Design (LEED) gold certification. The rating system, developed by the U.S.

Fannie Mae closes 500th green multifamily financing deal of 2017

Fannie Mae closes 500th green multifamily financing deal of 2017

Fannie Mae has closed its 500th green financing transaction of 2017, a portfolio of 10 multifamily properties, demonstrating the broad market adoption of Fannie Mae's green finance program. The transaction is a significant milestone for the Fannie Mae Green Financing...

Citigroup to go 100% renewable by 2020

Citigroup to go 100% renewable by 2020

While 100 percent renewable energy mandates are making slow and uneven progress at the state level, the movement toward 100 percent renewables is quickly adding more cities and corporations, reports PV Magazine. As the latest, Citigroup has made a pledge...

Bank of America: $12.6B in environmental investments created 40,000 jobs

Bank of America: $12.6B in environmental investments created 40,000 jobs

The $12.6 billion Bank of America’s various business units invested from 2013 to last year supported almost 40,000 jobs, contributed almost $15 billion to GDP and generated close to $30 billion in total economic output, according to a report from...

California legislature approves landmark PACE consumer protections

The most successful energy-efficiency financing program in history has become even better, experts say, as the California Legislature approved a comprehensive consumer protection, underwriting and regulatory framework for Property Assessed Clean Energy (PACE), according to a release. The measure has...

Fannie Mae updates requirements for green building financing

Fannie Mae updates requirements for green building financing

Fannie Mae has made revisions to its popular green financing program to improve the processing of green mortgage loans.   The agency has issued a modified standard Guidance Form 4099 and 4099.H that updates the scope and format of the High Performance Building (HPB) Report, a requirement of Fannie Mae’s Green Rewards Program.

Ky. town turning devastation into innovation

Ky. town turning devastation into innovation

Five years after West Liberty, Ky., was hit by a deadly EF-3 tornado, the community has since been rebuilt cleaner and greener. What West Liberty has done was inspired by Greensburg, Kan., a city hundreds of miles away that knows...

Fla. credit unions adds 2 green buildings

Suncoast Credit Union has opened two green buildings in Fort Myers, Fla., reports Florida Weekly. The Riverdale Service Center and the Southern Training Center neighbor each other on Palm Beach Blvd. “Both our training center and the new Fort Myers...

Energy Department introduces financing tool for energy efficiency projects

The U.S. Department of Energy (DOE) has introduced a new web-based financing navigator to help private and public sector organizations discover financing solutions for energy efficiency projects that meet their unique needs, according to the agency. Limited financing options are...

Program provides commercial, industrial, institutional clients funding for energy efficient initiatives

Program provides commercial, industrial, institutional clients funding for energy efficient initiatives

A national energy services company that works with commercial, industrial and institutional clients to develop comprehensive sustainability programs has announced a new financing solution aims to ease the process of implementing efficiency initiatives. OpTerraADVANTAGE by OpTerra Energy Services (OpTerra) is...

GRESB updates green bond guidelines for real estate sector

GRESB updates green bond guidelines for real estate sector

GRESB, the leading global provider of environmental, social and governance (ESG) data for real assets, has released the 2016 update to the GRESB Green Bond Guidelines for the Real Estate Sector. The guidelines build on the green bond principles with...

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