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The Reinvestment Fund . Financing Building-Related Energy Efficiency Projects Keystone Energy Efficiency Alliance Conference 2010. TRF Energy Finance September 21, 2010. TRF Profile. Business Lines. $1 billion in cumulative investments and loans throughout the mid-Atlantic
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The Reinvestment Fund • Financing Building-Related Energy Efficiency Projects • Keystone Energy Efficiency Alliance Conference 2010 TRF Energy Finance September 21, 2010
TRF Profile Business Lines • $1 billion in cumulative investments and loans throughout the mid-Atlantic • Currently manage $670 millionin capital from 800 investors Lending and Investing Policy & Information Services Real Estate Development PolicyMap
TRF Outcomes 29,200 charter school seats 3.0 million MWh of clean energy 8.4 million sq. ft of commercial space 18,900 homes 46,200 jobs
TRF Energy’s Financial Tools • Commercial loans • Energy performance contract financing • TRF-branded leasing product
TRF Energy Funds $100 million in clean energy financing • NESIP – $4.5 million energy revolving loan fund to finance energy efficiency measures for non-profit organizations • Seeded with $2.25MM from Pew Charitable Trusts • Managed by TRF since 1993 • SDF – $32 million of funding to promote renewable energy market development and energy efficiency • Funded from electric utility restructuring and merger cases • Managed by TRF since 1998 • PA GELF (incl. $12 million ARRA SEP $) • Phila. Greenworks (incl. $1.7 million ARRA allocated EECBG $) • Metro Caucus (incl. $6.75 million ARRA competitive EECBG $)
PA Green Energy Loan Fund $48 million for EE measures in PA buildings • Seeded with $12 million from PA DEP using ARRA dollars • Projects must reduce energy by 25% over baseline • Borrowers: commercial, nonprofit, multifamily residential, industrial, government projects for owners, developers, anchor tenants • Construction loans, term loans, lease financing • Financing ranges from $100,000 - $2,500,000 • Pricing: generally 4.0 – 6.5% range • See www.PaGreenEnergyLoanFund.com
TRF Energy Technical Services TRF provides energy “owner’s rep” services for prospective borrowers: • Review and analysis of energy bills • Site-specific energy surveys • Design assistance for new construction, additions and major renovations • Technical information • Project management assistance (review of contractor bids, referral lists of contractors, help with RFBs and contracts) • Follow-up services (staff training and monitoring of project savings)
Contact Us • The Reinvestment Fund • 718 Arch Street, Suite 300 North • Philadelphia, PA 19106 • Rob Sanders • Managing Director, TRF Energy Finance • robert.sanders@trfund.com, 215-574-5850 • http://www.trfund.com/financing/energy/pagelf.html