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

  • Western Kentucky University, Gilbane Announce “Elevate WKU” Partnership

    Western Kentucky University in Bowling Green, Ky., recently announced that it has reached the financial close on a on a public-private partnership (P3) with Gilbane Development, according to a news release.

  • Fellowes Expands Finish and Wall-Covering Options for Architectural Wall Systems

    Fellowes Architectural Solutions has expanded the materials library for its architectural wall systems with a series of new finishes and wall-covering options intended to provide architects and designers with additional choices for commercial interiors, according to a company news release.

  • Q&A: How to Prevent Kitchen Grease Fires in Commercial Kitchens

    School cafeterias and university dining halls serve thousands of meals daily, relying on high-heat equipment like fryers, grills, and ovens. While these operations keep students fed, they also generate significant grease-laden vapors. Without proper controls, this grease becomes a silent fire threat. As a certified exhaust cleaning specialist and business coach who has helped hundreds of institutional facilities achieve NFPA 96 compliance, I emphasize that proactive grease management isn’t optional; it’s a core fire/life safety practice.

  • Cleveland High School Breaks Ground on Modernization

    Portland Public Schools in Portland, Ore., recently announced that construction has begun on a modernization project for Cleveland High School, according to a news release. The existing building will be replaced with a new, 300,000-square-foot facility at the same site.