News & Blog

  • Join PACENation at the 1st Annual Investor’s Conference on Green Bonds in London

    1st Annual Investors’ Conference on Green Bonds
    30 October 2017
    London, UK

    PACENation is proud to be an Association Supporter of IMN’s inaugural Investors’ Conference on Green Bonds, taking place 30 October in London. Unlike any other green bond conference, this event will herald the first in-depth conversation about the intersection of securitisation and environmentally sustainable finance.

    PACENation Members Receive 15% Discount to Attend!
    Register here with code PACE15

    This inaugural event will feature high level discussions about investment opportunities in bonds carrying the green label and the challenges issuers may face in obtaining it. Attendees will develop a more crystallized idea of what a green bond is, its yield potential, and the benefits of issuing a green bond. We will also introduce the U.S. concept of Property Assessed Clean Energy (PACE) financing and its potential application in Europe. For the first time, this event will ultimately bridge together the sustainable finance community with IMN’s long standing ABS investor base.

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    MikeJoin PACENation at the 1st Annual Investor’s Conference on Green Bonds in London
  • Utah Relaunches Statewide Commercial PACE Program, Chooses Sustainable Real Estate Solutions as Program Administrator

    Brian McCarter, chief executive officer of Sustainable Real Estate Solutions, announced today that the company will serve as program administrator for Utah’s updated commercial property assessed clean energy (C-PACE) program. The Utah Governor’s Office of Energy Development (OED), which manages the program, selected SRS after conducting a competitive search process for a third-party firm to provide program administration services.

    Utah launched its statewide C-PACE program in 2015 after passing legislation enabling commercial PACE in March 2013. Senate Bill 221 authorized local governments to adopt C-PACE financing programs, which offered commercial and industrial property owners a unique mechanism to finance energy efficiency, renewable energy, and water efficiency improvements to their buildings.

    Senate Bill 273, enacted in March 2017, amends the earlier legislation by expanding the scope of eligible projects, establishing a statewide C-PACE District, and more clearly defining the process of developing and closing projects.

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    MikeUtah Relaunches Statewide Commercial PACE Program, Chooses Sustainable Real Estate Solutions as Program Administrator
  • HERO Launches in Florida

    Source: Renovate America

    Homeowners can use innovative HERO financing to reduce energy bills and stay safe through upgrading roofing, windows and doors, HVAC, solar, and more

    ORLANDO, July 26, 2017 – Homeowners in communities across the state of Florida now have access to an innovative form of financing called HERO, which allows them to make residential energy, efficiency, and wind-resistance improvements and pay for the upgrades over time through their property tax bill. Eligible improvements include solar panels; energy-efficient HVAC systems, roofing, and windows; and roof-to-wall connections, storm shutters and other products that can protect against wind damage and meet Florida Building Code requirements.

    HERO, which stands for Home Energy Renovation Opportunity, is the nation’s largest form of Property Assessed Clean Energy (PACE) financing and its launch is expected to bring multiple benefits to Florida communities and to individual homeowners.

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    MikeHERO Launches in Florida
  • The State of Hockey Goes Wild for PACE Financing

    Screen Shot 2017-07-27 at 12.49.16 PM

    Source: St. Paul Port Authority

    Saint Paul, MN , July 18, 2017 – Go Wild, LLC secured $6.74 million in PACE financing as part of its capital stack for the Treasure Island Center redevelopment project in Saint Paul, Minnesota. PACE funds will be used for energy efficiency upgrades that are projected to cut utility costs by 40 to 60 percent, decreasing from $1.2 million per year to between $480,000 and $720,000.

    Treasure Island Center is a major, mixed-use redevelopment project scheduled for completion this fall. The former department store, built in 1963, covers 2.5 acres with 540,000 square feet of space. The new facility will be home to TRIA Rink, a fully enclosed rooftop ice arena that will be used by the Minnesota Wild as a practice facility.

    By working with Xcel Energy, the developer has committed to a number of building-wide, energy saving investments including: increased insulation; improved HVAC; new motion-controlled and LED lighting; and a new domestic water infrastructure.

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    MikeThe State of Hockey Goes Wild for PACE Financing
  • Tulare County Approves Renovate America’s HERO PACE Financing

    Source: Renovate America

    California county becomes latest local or state government in U.S. to give residents access to innovative financing for home energy and efficiency improvements

    SAN DIEGO, July 13, 2017 – Supervisors in Tulare County, California, voted this week to give residents access to Renovate America’s HERO Property Assessed Clean Energy (PACE) financing for home energy and efficiency improvements. The vote was the latest in a string of local legislative victories for both HERO and PACE, and showed momentum for the innovative financing mechanism growing in California and beyond.

    The vote by Tulare County supervisors to allow HERO to be offered in unincorporated portions of that county came as supervisors in neighboring Kern County voted 4-0 to give HERO a six-month extension to operate there. It also came a day after commissioners in Collier County, Florida, gave final approval to HERO in that county’s unincorporated region, which followed similar moves earlier this year by commissioners in Hillsborough and Pasco counties – also in Florida – and supervisors in California’s Amador and Glenn counties. Last month, city councilmembers in Santa Rosa, California, voted to give their residents access to HERO, as did the city of Columbia, Missouri.

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    MikeTulare County Approves Renovate America’s HERO PACE Financing
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