The largest C-PACE financing in Philadelphia and Pennsylvania The Navy Yard Building 57 (“Building 57”), home to Rhoads Industries, located at 1900 Kitty Hawk Avenue, Philadelphia, PA 19112, utilized $15 Million of Commercial Property Assessed Clean Energy (C-PACE) capital to finance the high efficiency interior and exterior improvements incorporated into the renovation of approximately 270,000…Read More
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PHILADELPHIA ENERGY AUTHORITYFOR IMMEDIATE RELEASEDATE: NOVEMBER 23, 2020 CONTACT:Lisa Shulock, Philadelphia Energy Authority215-880-8298 (cell)Lshulock@philaenergy.org Iconic Philly Met Uses C-PACE for Retroactive Financing of $6 Million for Energy Efficiency Investments in Philadelphia Philadelphia, November 23, 2020 – The Philadelphia Energy Authority, Enhanced Capital and EB Realty Management (“EBRM”), owners of The Met, announced today the financial…Read More
By Lennal Kalawa and Lisa Shulock Philadelphia Energy Authority held a webinar on November 5, 2020 about Philadelphia’s Building Energy Performance Policy, commonly known as Building Tune-Up, and how C-PACE can be used to achieve compliance. The final Building Tune-Up regulations were issued in October 2020. The law was motivated by the need to reduce…Read More
Repost from BisNow – October 25, 2020 Matthew Rothstein, Bisnow East Coast A new development and its use of a new financing tool have the potential to be a template for introducing more environmentally sustainable elements to nearly all forms of commercial real estate. Shift Capital last year announced the beginning of its J-centrel project in the Harrowgate…Read More
FOR IMMEDIATE RELEASE:Tuesday, August 18, 2020 CONTACT:Maryrose Myrtetus, Philadelphia Energy Authority 215-431-5641 (cell)mmyrtetus@philaenergy.org Philadelphia, PA – The Philadelphia Energy Authority, Greenworks Lending, and the Capers Company LLC announced today the financial close of the first project in Pennsylvania to use Commercial Property-Assessed Clean Energy (C-PACE) financing for a renewable energy project as part of a series of announcements being released…Read More
PHILADELPHIA ENERGY AUTHORITY FOR IMMEDIATE RELEASE DATE: JULY 17, 2020 CONTACT: Maryrose Myrtetus, Philadelphia Energy Authority, 215-431-5641 (cell), mmyrtetus@philaenergy.org Philadelphia, July 17, 2020 – The Philadelphia Energy Authority, Twain Financial Partners and SHIFT Capital announced today the financial close of the first project in Pennsylvania to use Commercial Property-Assessed Clean Energy (C-PACE) financing. SHIFT Capital is…Read More