{"id":1951,"date":"2011-12-02T18:38:40","date_gmt":"2011-12-02T18:38:40","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=1951"},"modified":"2011-12-02T18:38:40","modified_gmt":"2011-12-02T18:38:40","slug":"4-billion-of-private-investment-in-energy-efficiency-projects-announced-today","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2011\/12\/02\/4-billion-of-private-investment-in-energy-efficiency-projects-announced-today\/","title":{"rendered":"$4 Billion Of Private Investment In Energy Efficiency Projects Announced Today"},"content":{"rendered":"
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Source: Shutterstock<\/figcaption><\/figure>\n

In an era of fiscal austerity, government\u2019s options to create change are frequently limited.\u00a0 The Obama administration did not let this roadblock slow them down today when they announced<\/a> $4 billion of private sector investment in energy efficiency projects as part of their Better Buildings Challenge<\/a>.\u00a0 This builds on a $500 million financing commitment made in June by Abundant Power, Citi, Green Campus Partners, Metrus Energy, Renewable Funding and Transcend Equity.\u00a0 The Clinton Global Initiative also played a key role in corralling these commitments.<\/p>\n

Half of the $4 billion of investment will be in federal buildings using performance contracts.\u00a0 Under the standard terms of a performance contract, an energy services company (\u201cESCO\u201d) designs and executes an energy efficiency upgrade for a building.\u00a0 The ESCO then provides a guarantee that this upgrade will reduce energy consumption by a certain amount per year and the building owner signs a long-term lease for the project where the annual lease payments are less than or equal to the guaranteed savings.\u00a0 At the end of the lease, the building owner gets all of the future savings.\u00a0 This is a win-win-win solution for taxpayers, our economy and the environment.<\/p>\n

The remaining $2 billion commitment is divided between the six financial firms from the June announcement<\/a> as well as several new participants.\u00a0 These firms are using a wide variety of innovative financial techniques to infuse capital into attractive projects (I highly recommend reading the full White House press release<\/a>). EDF is working closely with many of these firms<\/a> to develop new innovations and we\u2019ve been very impressed with the talent, energy and financial commitment currently focused on this issue.<\/p>\n","protected":false},"excerpt":{"rendered":"

In an era of fiscal austerity, government\u2019s options to create change are frequently limited.\u00a0 The Obama administration did not let this roadblock slow them down today when they announced $4 billion of private sector investment in energy efficiency projects as part of their Better Buildings Challenge.\u00a0 This builds on a $500 million financing commitment made …<\/p>\n","protected":false},"author":6407,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[254,324],"tags":[],"coauthors":[],"class_list":["post-1951","post","type-post","status-publish","format-standard","hentry","category-energy-efficiency","category-washington-dc"],"acf":[],"yoast_head":"\n$4 Billion Of Private Investment In Energy Efficiency Projects Announced Today - Energy Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/energyexchange\/2011\/12\/02\/4-billion-of-private-investment-in-energy-efficiency-projects-announced-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$4 Billion Of Private Investment In Energy Efficiency Projects Announced Today - 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