PACE Workshop – September 26

We invite you to join Bricker & Eckler and NOPEC for the Property Assessed Clean Energy (PACE) Workshop on September 26 in Twinsburg, Ohio. Bricker attorneys Jason Tiemeier and Michael Katz will present on Ohio PACE financing. More information, including registration, is available here.  

Energy Efficiency, Financial Incentives, Project Finance

Bexley offering seminar for residential PACE program

Bricker & Eckler LLP and the City of Bexley will present a seminar for the city’s recently created PACE (Property Assessed Clean Energy) program on September 24, 2018, from 5:00 p.m. to 7:00 p.m. at Bexley City Hall. Caleb Bell of Bricker & Eckler and Bexley Mayor Ben Kessler will explain how solar companies can participate in the program and provide financing to residential property owners. PACE financing allows property owners to finance energy efficiency or renewable energy upgrades to their properties and repay the costs through special assessments on their real property tax bills. To register, click here.

Energy Efficiency, Project Finance, Renewable Energy

Ohio Caverns first in U.S. to produce solar energy on site

When Ohio Caverns opened to the public in 1897, “visitors walked through with lanterns and candles”; now, the tourist attraction is “the first cave in the United States to have solar energy produced on site,” the Urbana Daily Citizen reports. Ohio Caverns installed a solar field that produces “44,000 watts at any given time when the sun is at its peak,” making it “energy neutral,” according to the article. Owner Eric Evans said the cave and facilities were completely retrofitted with LED lighting, which lowered energy consumption to the point “that solar became very viable.” Evans said, “we’ve been stewards of the environment since the cave first opened. . . . That’s where we see the future and longevity of the cavern is protecting and preserving the environment, and this was by far the cleanest form of energy known.” For more, read the full article

Energy Efficiency, Environmental, Renewable Energy

EmberClear investing nearly $1B in 1,050-MW Harrison combined-cycle plant

A new natural gas-fired combined-cycle power plant in Harrison Industrial Park will increase efficiency, create jobs, and generate millions in payments to local governments and schools, the Herald-Star reports. Texas-based energy development company EmberClear “is investing nearly $1 billion in construction” for the 1,050-megawatt power plant in the Harrison Industrial Park. The plant, which will create 700 construction jobs and more than 20 permanent positions, “will be designed to meet the growing industrial demands fueled by the local natural gas economy and replace older, less efficient plants,” according to the article. EmberClear will receive a 15-year property tax exemption as part of a P.I.L.O.T (Payment in Lieu of Taxes) agreement; in exchange, the developer will pay $31 million to Harrison County, the Harrison Hills City School District, and local villages and townships. For more, read the full article

Economic Development, Energy Efficiency, Financial Incentives

Ohio ranks 3rd in region for clean energy employment

More than 3,700 workers in the Mahoning Valley and 108,000 workers statewide are employed in the clean energy industry, a report from Clean Energy Trust and Environmental Enterprises finds, according to a recent article in The Business Journal. Those numbers placed the state third “in the 12-state region highlighted in the ‘Clean Jobs Midwest’ report.” Energy efficiency is the “top clean energy sector in the state,” employing 79,653; clean vehicles ranked second with “just over 14,000 employed,” according to the article. The study found “employers project 5.5% job growth in 2018.” Environmental Entrepreneurs spokesperson Micaela Preskill said in a release, “[w]ith further investment and smart state policy, clean jobs will continue [to] power Ohio’s economy into the next decade.” For more, read the full article, including a link to the full report.

Energy Efficiency, Environmental, State Updates

PACE legislation could be first of many for Solon

Solon City Council recently gave a first reading to legislation that would allow Chagrin Valley Soap & Salve to take advantage of low-interest Property Assessed Clean Energy (PACE) financing for roof replacement, Cleveland.com reports. The company “is seeking $103,000 in financing to repair or replace 20,000 square feet of roof on its facility, including insulation and lighting for better energy efficiency,” according to the article. In order to do that, the company must petition the city to place an assessment on its property. Coucilman Bob Pelunis said the city needs to make sure “we’re getting the word out” so other companies are aware of the opportunity for PACE financing, noting “there could be a lot of individual legislation coming before council in the future” from companies who want to take advantage of the program. For more, read the full article

Energy Efficiency, Project Finance

Embracing clean energy could bring $25B in investment in Ohio

New energy technologies “could lead to $25 billion in new investment in Ohio and support another 20,000 jobs,” a recent study shows, according to an article in Columbus Business First. Massachusetts-based Synapse Energy Economics and Case Western Reserve University’s Great Lakes Energy Institute, who conducted the study, “called for favorable policies in local economic development as well as a longer-term roadmap from the Statehouse to better capture potential investment and jobs.” There are “four principal changes in the energy business” that could benefit Ohio. Corporate investment by companies who want to power facilities with renewable energy could bring $6.2 billion; transportation could add another $6 billion from electric vehicles as they change the automotive market. The analysts said Ohio “has the means to quadruple green energy investment for another $7.6 billion,” and energy efficiency could add $6.6 billion. For more, read the full article.

Economic Development, Energy Efficiency, Renewable Energy, State Updates

Wind and solar make big jumps in annual PJM capacity auction

PJM Interconnection’s annual capacity auction, which “procures power supply resources to meet electricity needs for three years from now,” saw big increases in wind and solar resources, nawindpower.com reports. PJM “procured 163,627 megawatts [MW] of resources for the period of June 1, 2021, to May 31, 2022,” according to the article. Solar increased over last year’s auction “more than fourfold, with around 570 MW clearing,” while 1,417 MW of wind cleared, an increase over last year of 529 MW. Additionally, the auction cleared “1,000 MW more gas-fired generation than last year,” including “one new combined cycle plant.” Energy efficiency was also up about 1,100 MW, with 3,832 MW clearing. For more, read the full article.

Energy Efficiency, Renewable Energy

NOPEC offering USDA low-interest loans for small business energy upgrades

Northeast Ohio Public Energy Council (NOPEC) is the first organization in Ohio to offer new U.S. Department of Agriculture low-interest loans designed to “help small businesses lower their energy consumption and costs through energy-efficient upgrades,” The Morning Journal reports. Owners of commercial property within a NOPEC member community are eligible to apply for financing for projects ranging from $5,000 to $100,000; the program is open to “private sector office, retail and industrial and public-sector facilities — such as government, health care, education” and apartment buildings with more than four units. Energy upgrades that qualify include HVAC, interior and exterior lighting, insulation, windows and doors, and other renewable energy projects such as solar water heating systems. For larger projects, NOPEC offers financing up to $500,000 through its Property Assessed Clean Energy, or PACE, program. For more, read the full article

Energy Efficiency, Project Finance, State Updates

NTE Energy’s $600M Middletown Energy Center largest development in city’s history

The recently opened Middletown Energy Center is not only Middletown’s biggest development project to date, but also “will be among the cleanest and most efficient natural gas fired power plants in the nation,” the Dayton Daily News reports. The 475-megawatt power plant “not only uses natural gas to create energy, but also uses heat created by the power-generation process” to drive a steam turbine to produce additional power, according to the article. City officials said NTE’s investment in the facility is “almost twice the size of the approximately $350 million Liberty Center that opened October 2016 in Liberty Twp.” For more, read the full article

Economic Development, Energy Efficiency, Environmental
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