Skip to main content
Add as a preferred source on Google

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

  • University of Oklahoma Announces New Campus Master Plan

    The University of Oklahoma in Norman, Okla., recently announced that it will soon launch a new, comprehensive Campus Master Plan to guide the campus’ physical development during the next decade, according to a news release.

  • A digital silhouette works at a computer, immersed in a glowing, interconnected world

    How Will AI Transform Learning Space Design?

    For years, higher education has designed learning spaces around technology as a tool for display, capture, collaboration, and connectivity. AI changes that equation.

  • Chartwells Launches Campus Dining Evaluation Framework

    Contract food-service management provider Chartwells Higher Education recently announced the launch of BLUEPRINT, according to a news release. The evaluation framework was designed to provide a data-driven and customizable roadmap towards optimizing campus dining services and, by extension, the student experience.

  • Stanford Completes Construction on Graduate School of Education Facility

    Stanford University in Stanford, Calif., recently announced the end of construction on a new home for its Graduate School of Education, according to a news release. The university partnered with McCarthy Building Companies on the 160,000-square-foot project, which involved two major renovations and one new construction effort.