Clean Energy Bond Resources Available Online

  • 06/25/14

WASHINGTON, DC — A number of nonprofit campuses are using clean energy bonds as a method to provide deep energy efficiency or renewable energy installations, as well as reducing deferred maintenance. An informational brief from the Council of Development Finance Agencies explains the purpose of the bonds, terms of use and how bonds can be implemented. 

Bonds are often used in development of projects for the public good, but recently these bonds have been pooled together for multiple purposes: to improve energy efficiency, update water infrastructure, create renewable energy options and update/modernize campus buildings. For eligible nonprofits, this funding source is being used for multiple campus improvement projects.

In addition to the brief, presentation slides from a free webinar also are available to download. The presentation highlights three higher education institutions that have undergone multiple capital projects to improve energy and deferred maintenance, along with addressing the changing needs of the campus. They include:

  • Illinois College (Jacksonville, IL) used Lease Revenue Bonds for its Parker Science Building and Garner Residence Hall. The college had existing $12.97 million in current bonds and took an additional $3.9 million to: upgrade mechanical/electrical systems for a residence hall built in 1954; upgrade chilled water piping in a science building; consolidate utility meters; and install energy efficient lighting and building automation systems campus-wide.
  • Elmhurst College (Elmhurst, IL) is using $25 million for Leadership in Energy and Environment Designed-gold 170-room student housing and “green” surface parking lot featuring permeable paving and national landscaping along with general campus-wide renovations and improvements to increase energy efficiency.
  • Loyola University (Chicago) utilized $92 million to finance significant construction of three student housing projects and campus-wide renovation to improve energy efficiency.

Featured

  • Electrifying Bus Fleets

    Now is an excellent time for K-12 “yellow” school buses, college campus transportation, and public transit systems to transition to zero-emission electric buses instead of traditional gas or diesel-powered models.

  • Case Systems makerspace

    Case Systems Launches Line of K–12 Learning Spaces Installations

    Case Systems recently announced the launch of SALTO, a line of classroom fixtures and installations for K–12 learning spaces like STEM labs, art rooms, and makerspaces, according to a news release. The product line is designed to provide teachers with flexibility and adaptability, enabling them to shift between collaborative and individual learning environments.

  • Massachusetts Charter School Opens New Academic Building

    The Advanced Math and Science Academy Charter School (AMSA) in Marlborough, Mass., recently held a ribbon-cutting ceremony for a new academic building, according to a news release. The 17,000-square-foot space will serve as a classroom and science lab building for the student population of almost a thousand in grades 6–12.

  • zSpace Imagine Learning Solution

    zSpace Introduces Headset-Free AR/VR System

    Immersive learning company zSpace has debuted the zSpace Imagine Learning Solution, a headset-free AR/VR laptop system designed for elementary education. The all-in-one platform integrates hardware, software, and hands-on lessons to create dynamic learning experiences for young students.