Philadelphia C-PACE completed its second year of operation with five projects receiving C-PACE financing. Details on the projects, outlook for C-PACE in Pennsylvania and more can be viewed here.
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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
The Philadelphia Energy Authority completed its 5th C-PACE financing in Philadelphia. The Kirkbride Center, a historic health services center in West Philadelphia, obtained $4.33MM in C-PACE financing for upgrades to its boiler and chiller plants.
Philadelphia Energy Authority, by Lennal Kalawa and Lisa Shulock Commercial Property Assessed Clean Energy (C-PACE) is a financing tool that facilitates the placement of private capital – with favorable terms and conditions – in order to improve the energy and water performance of commercial buildings. Nationwide, this tool has primarily been used to fund building…Read More
Philadelphia C-PACE’s 2020 first year of operation Year in Review can be found here.
Philadelphia Energy Authority – November 10, 2020 By Lennal Kalawa and Lisa Shulock Philadelphia Energy Authority held a webinar about energy efficiency and COVID-19 mitigation in commercial buildings. The session covered operational adjustments and capital improvements to protect occupants’ health and manage energy use in commercial buildings. Lisa Shulock from the Philadelphia Energy Authority moderated…Read More