Finance | Page 26

A group of 231 mayors from across the country sent a letter to Congress Oct. 22 in support of the Renewable Energy Extension Act, which would allow a five-year extension of the solar Investment Tax Credit.

As building efficiency efforts have progressed to more advanced and holistic approaches to meet ambitious climate and sustainability goals, green leases have evolved as well to enable their achievement. The newest edition of IMT and the DOE’s Better Buildings Alliance’s case study series shines a spotlight on 2019’s Green Lease Leaders implementing effective strategies into their leasing practices and overall building operations in industrial spaces. 

Occidental Petroleum Corp announced Oct. 3 the completion of their first solar facility to directly power its oil and gas operations in addition to signing a long-term PPA for 109 MW of solar energy beginning in 2021.

T-Mobile will reach 95% sourced clean energy following a new wind project and five new energy contracts, which they announced during Climate Week NYC 2019.

The role of CFOs and finance leadership in energy and sustainability decisions has been changing in recent years, as new stakeholders and solutions opportunities emerge. Listen to this webinar replay from ENGIE North America for a review of their recent market research exploring how leadership is evolving with new finance options and contracting mechanisms available to reduce risk in energy operations.

Cornell College in Mount Vernon, Iowa, will implement $5.9 million in infrastructure improvements to help reduce energy usage by 20% throughout the campus. Updates began in August, with plans to remove buildings from steam heat usage by the end of November 2019; the full project is scheduled to be completed over the next year.

Corporate commercial and industrial (C&I) energy and sustainability managers are looking for cost-effective, customized, and comprehensive energy solutions that can guarantee energy savings. In this column, William Tokash of Navigant Research discusses a new, broader set of financed distributed energy resources (DER) solution options that extend beyond energy efficiency that have emerged to define how energy as a service (EaaS) solutions will be deployed across the C&I landscape.

The continuing transformation of the energy industry has wide-ranging implications that make distributed energy resources (DERs) more valuable for both the electric grid and the large energy consumers that rely on it. This report, presented by Enel X, explores opportunities for flexible financing options to help C&I energy consumers integrate and update DERs to capture value without taking on this risk of a capital investment.