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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By Amanda Gasse

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