Energy

Innovative investments in energy efficiency and renewables

<<< Continued from

4. Innovative Financing

Financing has been playing a stellar role in advancing renewable energy. Notable contributions in 2013 include securitization of renewable energy assets, leasing of on-site power plants and crowd-sourcing of funds for investing in small scale solar projects.

In November, SolarCity issued a $54.4 million solar asset-backed financing package that pooled solar contracts from more than 5,000 installations. The notes carry a 4.8% interest rate and are scheduled to mature in December 2026.

The property-assessed clean energy (PACE) project in the US helps home and business owners afford costs of investments in energy efficiency and renewables by paying for them over say 20 years through a special tax levied on the property.

Companies like SunFunder and Solar Mosaic, have helped finance small-scale projects for sub-$100,000 projects through crowd-funding. This type of funding is customized to consumer needs and addresses a gap left by traditional financial institutions.

1 2 3 4 5 6 7 8 9 10

Continue reading >>>

Shailesh Telang

Shailesh is post graduate in Environment Management from Forest Research Institute (FRI) University, Dehradun, India. Presently he is working in the areas of Environmental and Renewable Energy Advisory Services. He has started GreenCleanGuide.com during his college days.

View Comments

Published by

Recent Posts

Green Thumb, Marathi Style: Your Mobile’s Eco-Adventure Awaits!

Ever wished your mobile phone could do more than just send memes and crush candies? Well, buckle up, because we're about to take your mobile…

9 months ago

Environmental Impacts of Bitcoin and other Proof of Work (PoW) Mining Activities

As of 2023, 106 million people worldwide had bitcoins but the currency's influence on the environment is disproportionate. The primary method of cryptomining, known as…

10 months ago

Cultivating a Sustainable Future: Top Ten Green and Clean Habits to Teach Children

In today’s modern world, where environmental issues are becoming more and more important, teaching kids to be environmentally conscious and eco-friendly is crucial to building…

11 months ago

Top 10 House Plants for Clean Air

Our houses offer a safe haven from the outside world amid the chaos of modern life. However, common contaminants emitted by furniture, cleaning supplies, and…

11 months ago

The Environmental Impact of Scrap Metal Recycling

Scrap metal recycling stands as a cornerstone of sustainable waste management, playing a pivotal role in mitigating the environmental impact of metal production and waste…

12 months ago

Say Goodbye to Fuel Poverty by Applying For Free Energy Upgrades

If the worry of affording your next energy bill is giving you sleepless nights, you’re not alone. Millions of people in the UK have this…

12 months ago