Pennsylvania joins Ohio, other states offering PACE financing

Congratulations to Ohio’s neighboring state Pennsylvania for joining a group of more than 30 states, including Ohio, that authorize Property Assessed Clean Energy (PACE) programs to help finance energy upgrades. Pennsylvania Governor Tom Wolf recently signed legislation establishing the state’s PACE program, which enables funding for energy upgrades to be paid back through property assessments, according to a news release on the governor’s website. The legislation “represents a triple win,” creating new clean energy jobs, saving small businesses money on energy bills, and promoting cleaner air and water by increasing clean energy sources. For more, read the full release

Energy Efficiency, Environmental, Project Finance, Renewable Energy

Ohio House bill takes another swing at renewable energy mandates

A revised version of Ohio House Bill 114 (HB 114) would require utilities to “find more of their power from renewable sources like solar and wind,” but lower the mandated amounts from the original standards created in 2008, The Toledo Blade reports. HB 114’s new final mandate calls for 8.5 percent renewable power by 2022 instead of 12.5 percent by 2027, while also requiring utilities to “reduce electricity use by 17.2 percent, down from 22.2 percent, by 2027.” Additionally, the bill proposes changing wind turbine setback requirements to 1,125 feet from the nearest habitable residence for wind farms generating at least 5 megawatts of power. Current regulations require a setback of 1,125 feet from the nearest property line. For more, read the full article

Energy Efficiency, Renewable Energy, State Updates

Butler County looking at clean technology for public transportation

Officials in Butler County would like to bring hydrogen fuel cell or battery electric powered buses to the area to make local transportation cleaner and more sustainable, the Journal-News reports. The county needs to partner with a local agency or agencies to “fund the remainder of a vehicle’s price once federal grants are secured” to make that happen, according to the article. A diesel bus can cost $600,000, while a hydrogen fuel-cell bus is twice that at $1.2 million. Fuel cells “are considered safer than gasoline-powered vehicles and are two to three times more efficient,” reducing the amount of carbon emissions by 100 tons per vehicle. Butler County Regional Transit Authority Executive Director Matt Dutkevicz said battery electric or fuel-cell buses would be “a leap forward in local transportation in terms of reducing emissions and increasing sustainability.” For more, read the full article.

Energy Efficiency, Environmental

Solon City Council approves request to join ESID to allow PACE financing

Businesses in Solon will now be able to seek funding for energy efficiency improvements through Property Assessed Clean Energy (PACE) financing, Cleveland.com reports. Solon City Council signed off on a request to join the Northeast Ohio Advanced Energy District, the closest Energy Special Improvement District (ESID), of which Solon neighbor Bedford Heights is a member. This means Solon meets the adjacency requirement to join, and First Suburbs Consortium would handle all applications for Solon businesses. City Economic Development Manager Peggy Weil Dorfman brought the request to join the ESID to City Council after a Solon company inquired about making $100,000 in building improvements that would qualify for PACE financing. Bricker & Eckler LLP provided information to the City Council about PACE financing and PACE projects in the region such as the Great Lakes Mall in Mentor. For more, read the full article.

Energy Efficiency, Project Finance

Several groups helping make Northeast Ohio greener

Businesses and nonprofits in Northeast Ohio are increasingly looking to reduce energy costs and lessen their environmental impact; environmentalists and other advocates say several organizations are helping make that happen, Cleveland.com reports. KeyBank’s Key4Green business segment is “a group of bankers who understand the (renewable energy) industry, and they help clients understand tax implications and the tax credits available,” the article reports. The Lake Erie Energy Development Corporation is in the permitting process to build six offshore wind turbines several miles off the Lake Erie coast (see our August 25, 2017 blog post). Rust Belt Riders “collect food waste that would normally go into the garbage and distribute it” to urban farmers and community gardeners to use as fertilizer, diverting the waste from landfills. The Cleveland 2030 District is a nonprofit that “helps building owners and property managers reduce their electricity use and lower CO2 emissions.” For more, read the full article.  

Energy Efficiency, Environmental, Renewable Energy

Akron PNC Center begins $8.5M PACE-financed energy efficiency project

The 23-story PNC Center in downtown Akron has begun work on an $8.5-million energy-efficiency improvement project funded through property-assessed clean energy (PACE) financing, the Akron Beacon-Journal reports. A 25,000-pound aging chiller and two boilers will be removed and replaced with more efficient heating and cooling systems. The project also includes new lighting and other energy-efficient upgrades. The Development Finance Authority of Summit County (DFA) is issuing bonds to finance the project; those bonds will be repaid over 18 years at an average rate of about $477,000 annually. For more, read the full article.

Energy Efficiency, Project Finance

St. Clairsville, Caldwell prisons awarded $11M in OAQDA financing for energy upgrades

A proposed energy conservation project at two Ohio prisons will receive $11 million in financing from the Ohio Air Quality Development Authority (OAQDA) to help fund upgrades to reduce energy and water consumption, The Daily Jeff reports. Johnson Controls Inc., will use the OAQDA financing for the installation of lighting retrofits, enhanced energy management systems, and water conservation measures at the Belmont Correctional Institution in St. Clairsville and Noble Correctional Institution in Caldwell. The project is expected to “reduce utility bills, operations and maintenance at both facilities combined by $1,042,360.17 annually, or approximately 21 percent,” according to the article. The resulting carbon dioxide and nitrogen dioxide emissions reduction will be equivalent to the amount produced by 1,137 cars on the road or 573 homes’ electricity usage. For more, read the full article

Energy Efficiency, Environmental, Project Finance

Fifth Third plans to be powered by 100 percent renewable energy

Cincinnati-based Fifth Third Bancorp recently became the first bank and first Fortune 500 company “to contract for 100 percent renewable power through a single new project,” The Toledo Blade reports. The company announced a power purchase agreement that will result in the construction of a $200-million, 80-megawatt solar project in North Carolina, which will generate about 194,000 megawatt hours of electricity annually. That will reduce greenhouse gas emissions by 144,000 metric tons each year, equivalent to emissions produced by 30,800 passenger cars or 21,600 homes. Scott Hassell, Fifth Third’s vice president and director of environmental sustainability, said the company has been working for years to increase sustainability and energy efficiency. For more, read the full article

Energy Efficiency, Environmental, Renewable Energy

Record numbers in 2017 show clean energy is good for American economy

The growth of sustainable energy industries in 2017 “contributed to greater economic competitiveness, job creation and the expansion of the American economy,” according to findings in the sixth annual Sustainable Energy in America Factbook, nawindpower.com reports. The factbook is the result of “a comprehensive review of energy statistics” by Bloomberg New Energy Finance (BNEF) and the Business Council for Sustainable Energy (BCSE), according to the article. The 2018 edition found that renewable deployment “grew at a near-record pace” last year, with wind, solar and hydropower driving renewable generation “up from 15% to 18% of the total electricity mix in one year.” The energy efficiency sector “was the largest single employer within the sustainable energy sectors” with nearly 2.2 million jobs. The United States “remains globally competitive for energy-intensive industries, thanks to low industrial power prices,” and corporations are increasingly demanding clean energy and investing in energy efficiency. For more, read the full article or click here to read the full factbook. 

Energy Efficiency, Renewable Energy

Ohio State Energy Partners presents first energy conservation projects

A $3.4-million campus lighting project and a $2.3-million HVAC upgrade for Dreese Laboratory are the first planned energy conservation proposals as part of The Ohio State University’s $1-billion private energy-management deal (see our April 12, 2017 blog post), The Lantern reports. Ohio State Energy Partners “will upgrade existing lighting to LEDs in 51 Columbus campus buildings” including Ohio Stadium, University Hall and Independence Hall, according to the article. Dreese Laboratory upgrades include “enhancing the HVAC control system, insulating steam valves and adding a heat recovery chiller, which captures heat from the existing system that can be used for other purposes.” Those upgrades will “reduce energy consumption in the building by 37 percent.” For more, read the full article

Energy Efficiency
  • 1
  • 2
  • 3
  • 4