Category: Financing

Funding the green in buildings

169. PACE financing created $3.4 billion in energy efficiency projects in U.S.

Brian Scott and Leigh Bond want to see Property Assessed Clean Energy financing come to Alberta. They say PACE has generated $3.4 billion investment in energy efficiency and renewable energy in the U.S. and that little else would do more to spur on a boom in Alberta.

Medicine Hat, Alberta AKA "The Gas City" wanted to diversify into wind power so they entered into a public private partnership with Wind River Power to build a 6 megawatt wind farm, the largest inside a city in Canada. The power purchase agreement is what helped access bank financing from ATB Financial, something that is challenging in Alberta's deregulated electricity market. Since Alberta needs 5-7 gigawatts of new renewable energy by 2030, creating enough price certainty to attract bank financing will be very important in Alberta. Photo David Dodge, Learn more:

141. Financing critical for renewable energy projects

Securing investment in renewable energy is getting easier, butĀ banks have a few things they like to see in projects, like price certainty and long term contracts that ensure a steady stream of revenue to support the loans needed to develop renewable energy projects.