Sustainability
First C-PACE Deal Closes in Washington, D.C.
The D.C. Baptist Convention will use the 30-year loan to fund energy-saving upgrades, saving the non-profit more than $800,000 during the life of the project.
Brazil’s 90MW Cristalândia Wind Farm Begins Operations
Enel invested approximately $190 million into the development of the 90-megawatt Cristalândia wind farm. The facility has a generating capacity of roughly 350 Gigawatt hours per year.
Delta Introduces Outdoor Energy Storage
The company’s new system has a high energy density and long lifecycle, making it well-suited for use in commercial and industrial buildings.
Xcel Energy Receives Approval for 1,550MW Wind Energy Plan
The seven new wind farms constitute the company’s largest wind expansion in upper Midwest, which will increase its regional wind output by roughly 70 percent.
Abandoned Power Plant Turns Into Solar Farm
The abandoned Phipps Bend Nuclear Power Plant is now producing CO2-free electricity thanks to a newly built 1-megawatt solar farm.
Nation’s Greenest Office Markets: CBRE Report
The study found that institutional owners continue to seek green building certifications across the 30 largest metros of the U.S. Of all the properties surveyed, 10.3 percent have Energy Star labels while 4.7 percent are LEED certified.
Natixis Facilitates First “Green Bond” CMBS Deal
The firm issued the first green-specific tranche in a CMBS to refinance part of Ivanhoé Cambridge and Callahan Capital Properties’ $358.6 million acquisition loan for New York City’s 85 Broad St.
Transwestern, Rivion Partner in Sustainability
Formerly Transwestern Sustainability Services, the firm will provide consulting services to commercial real estate owners, users and operators globally.
New 7MW Solar Farm to Serve Dillon County
The solar development is anticipated to provide power to 1,500 homes and is slated to begin commercial operation by the fourth quarter of 2017.
YgreneWorks Exceeds $600M in PACE Financing
YgreneWork’s PACE program has helped finance approximately 29,000 completed contracts, the equivalent of $639 million allocated for energy efficiency, renewable generation and water conservation improvements.