energy efficiency investments

Customer Awareness and Technology Are Heating up EE Financing

What’s driving millions of dollars back into energy efficiency?

The Guardian, August 8, 2014

Just a few years ago, funding for energy efficiency projects seemed doomed. But now it’s surging back:

  • Deutsche Bank has issued $104m in bonds to fund residential energy efficiency projects.
  • In France, state bank Caisse de Depots et Consignations will set aside €5bn (about $6.69bn) for energy programs with half dedicated to building efficiency and zero interest loans for homeowners.
  • California-based start-up Renewable Funding recently obtained a $300m line of credit to retrofit homes for efficiency in California, Hawaii and Pennsylvania among other places.
  • Connecticut’s Clean Energy and Finance Authority is working with private investors to secure up to $30m in commercial efficiency upgrades.
  • New York governor Andrew Cuomo’s NY Green Bank has raised nearly $220m to spur efficiency and renewable energy projects.
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