{"id":2662,"date":"2012-05-11T16:53:41","date_gmt":"2012-05-11T16:53:41","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=2662"},"modified":"2012-05-11T16:53:41","modified_gmt":"2012-05-11T16:53:41","slug":"big-banks-increase-focus-on-energy-efficiency-finance","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2012\/05\/11\/big-banks-increase-focus-on-energy-efficiency-finance\/","title":{"rendered":"Big Banks Increase Focus On Energy Efficiency Finance"},"content":{"rendered":"

\"\"<\/a>Report from\u00a0the American Council for an Energy-Efficient Economy (ACEEE)\u00a0Energy Efficiency Finance Forum<\/strong><\/p>\n

This week, I had the\u00a0pleasure to attend and speak at ACEEE\u2019s annual conference on energy efficiency finance<\/a>.\u00a0 Almost 250 executives were in attendance from banks, ESCOs, project developers, venture capitalists, asset managers, property owners\/managers, utilities, government officials and nonprofits.\u00a0<\/p>\n

Key takeaways included:<\/p>\n

Commitment from Banks<\/strong> \u2013 Despite a lack of meaningful revenue to date, senior bankers from JP Morgan, Wells Fargo, US Bank, Deutsche Bank, Bank of America and Citi all reiterated their commitment to develop low-cost financing solutions for energy efficiency retrofits.\u00a0 Marshal Salant of Citi did lament that, to date, the number of conferences far exceeds the number of deals, but he was hopeful that we could soon reverse the situation as he, and others, have an attractive pipeline of projects that they hope to close in coming months.<\/p>\n

On-Bill Repayment will play a key role \u2013<\/strong> EDF has been working to establish an On-Bill Repayment<\/a> (OBR) program in California to finance retrofits through the utility bill.\u00a0 Several speakers expressed hope that OBR may provide the credit enhancement and flexibility necessary to provide low cost financing for the residential and commercial sectors.\u00a0 I had a chance to speak with representatives from each of the large California utilities at the conference.\u00a0 While the utilities still have substantial concerns about the OBR proposal, I was pleased with the constructive nature of the dialogue.<\/p>\n

EE Financing will be Available \u2013<\/strong> Citi shared a chart<\/a> indicating a wide range of financing vehicles that they believe are workable and either available today or in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Report from\u00a0the American Council for an Energy-Efficient Economy (ACEEE)\u00a0Energy Efficiency Finance Forum This week, I had the\u00a0pleasure to attend and speak at ACEEE\u2019s annual conference on energy efficiency finance.\u00a0 Almost 250 executives were in attendance from banks, ESCOs, project developers, venture capitalists, asset managers, property owners\/managers, utilities, government officials and nonprofits.\u00a0 Key takeaways included: Commitment …<\/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":[254,55217],"tags":[],"coauthors":[],"class_list":["post-2662","post","type-post","status-publish","format-standard","hentry","category-energy-efficiency","category-on-bill-repayment-2"],"acf":[],"yoast_head":"\nBig Banks Increase Focus On Energy Efficiency Finance - 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\/2012\/05\/11\/big-banks-increase-focus-on-energy-efficiency-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big Banks Increase Focus On Energy Efficiency Finance - Energy Exchange\" \/>\n<meta property=\"og:description\" content=\"Report from\u00a0the American Council for an Energy-Efficient Economy (ACEEE)\u00a0Energy Efficiency Finance Forum This week, I had the\u00a0pleasure to attend and speak at ACEEE\u2019s annual conference on energy efficiency finance.\u00a0 Almost 250 executives were in attendance from banks, ESCOs, project developers, venture capitalists, asset managers, property owners\/managers, utilities, government officials and nonprofits.\u00a0 Key takeaways included: Commitment ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.edf.org\/energyexchange\/2012\/05\/11\/big-banks-increase-focus-on-energy-efficiency-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"Energy Exchange\" \/>\n<meta property=\"article:published_time\" content=\"2012-05-11T16:53:41+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2012\/05\/Brad-Copithorne-Photo-200x300.jpg\" \/>\n<meta name=\"author\" content=\"Brad Copithorne\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brad Copithorne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2012\\\/05\\\/11\\\/big-banks-increase-focus-on-energy-efficiency-finance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2012\\\/05\\\/11\\\/big-banks-increase-focus-on-energy-efficiency-finance\\\/\"},\"author\":{\"name\":\"Brad Copithorne\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#\\\/schema\\\/person\\\/b54b55529547d9cf8664944294453b3b\"},\"headline\":\"Big Banks Increase Focus On Energy Efficiency Finance\",\"datePublished\":\"2012-05-11T16:53:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2012\\\/05\\\/11\\\/big-banks-increase-focus-on-energy-efficiency-finance\\\/\"},\"wordCount\":275,\"commentCount\":3,\"image\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2012\\\/05\\\/11\\\/big-banks-increase-focus-on-energy-efficiency-finance\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/wp-content\\\/blogs.dir\\\/38\\\/files\\\/2012\\\/05\\\/Brad-Copithorne-Photo-200x300.jpg\",\"articleSection\":[\"Energy Efficiency\",\"On-bill repayment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2012\\\/05\\\/11\\\/big-banks-increase-focus-on-energy-efficiency-finance\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2012\\\/05\\\/11\\\/big-banks-increase-focus-on-energy-efficiency-finance\\\/\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2012\\\/05\\\/11\\\/big-banks-increase-focus-on-energy-efficiency-finance\\\/\",\"name\":\"Big Banks Increase Focus On Energy Efficiency Finance - 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