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Funding Mechanism: Energy Conservation Fund Duration: 2000 – present Objectives: To offer funds to both Public and Private sector for energy conservation, generation, paid from savings, performance and renewable contracts Sponsors: Hannie Mae, a private sector fund Eligible Sectors: Both Public and Private markets Eligible Projects/Technologies: Lighting retrofits, HVAC equipment, heat recovery systems, load management devices, energy management systems, power generation, electrical distribution equipment, alternative/renewable energy systems, boiler and central plant improvements and other retrofits, demand or rate based measures and power purchase agreements. Fund Endowment: US$ Unlimited Terms: Non-recourse 100% financing upon acceptance of Energy Conservation Project (“ECP”) Funding Instrument: Sale - purchase of receivables and ECP assets Interest Rates: Average Life Treasury Note plus a spread Payback: Up to 25 years Size: No maximum amount Collateral: Assignment of receivables and title and rights to ECP assets Share of investment in project costs: 100% Fund Criteria: Energy conservation, generation, paid from savings, performance and renewable contracts Contact Information: Polly Gibbons-Neff: pneff@hannonarmstrong.com |
