In March 2018, Affordable Community Energy Services (ACE) closed a $2.9M credit facility with Reinvestment Fund. The proceeds have been used to finance energy efficiency and water conservation measures in Mercy Housing, Inc.’s California portfolio using leading energy management firm Bright Power as master contractor. This transaction was effectuated by several factors that can be lessons learned for developing similar projects in the future. Through a joint webinar discussion with Reinvestment Fund, ACE, and Bright Power, this conversation evoked the complex financial, developmental and technical activities that have driven and continue to support this innovative project.
- Adler Prioly: Director, Clean Energy, Reinvestment Fund
- Jeffrey Greenberger: President, Affordable Community Energy Services
- Jeffrey Perlman: President, Bright Power
- Moderated by Bettina Bergöö: Green Finance Fellow, Natural Resources Defense Council