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The Reinvestment FundFinancing Building-Related Energy Efficiency ProjectsKeystone Energy Efficiency Alliance Conference 2010
TRF Energy FinanceSeptember 21, 2010
TRF Profile
Real Estate Real Estate DevelopmentDevelopment
Policy & Information Policy & Information ServicesServices
Business Lines
Lending and Lending and Investing Investing
$1 billion $1 billion in cumulative investments and loans throughout the mid-Atlantic
Currently manage $670 million$670 million in capital from 800 investors PolicyMapPolicyMap
TRF Outcomes
18,900 homes18,900 homes
29,200 charter29,200 charterschool seatsschool seats
46,200 jobs46,200 jobs8.4 million sq. ft 8.4 million sq. ft of commercial of commercial
spacespace
3.0 million MWh 3.0 million MWh of clean energyof clean energy
TRF Energy’s Financial Tools
Commercial loans
Energy performancecontract financing
TRF-branded leasing product
TRF Energy Funds
$100 million in clean energy financing
NESIP – $4.5 million energy revolving loan fund to finance energy efficiency measures for non-profit organizations
– Seeded with $2.25MM from Pew Charitable Trusts
– Managed by TRF since 1993 SDF – $32 million of funding to promote
renewable energy market development and energy efficiency
– Funded from electric utility restructuring and merger cases
– Managed by TRF since 1998 PA GELF (incl. $12 million ARRA SEP $) Phila. Greenworks (incl. $1.7 million ARRA
allocated EECBG $) Metro Caucus (incl. $6.75 million ARRA
competitive EECBG $)
PA Green Energy Loan Fund
$48 million for EE measures in PA buildings
Seeded with $12 million from PA DEP using ARRA dollars
Projects must reduce energy by 25% over baseline
Borrowers: commercial, nonprofit, multifamily residential, industrial, government projects for owners, developers, anchor tenants
Construction loans, term loans, lease financing
Financing ranges from $100,000 - $2,500,000
Pricing: generally 4.0 – 6.5% range
See www.PaGreenEnergyLoanFund.com
TRF Energy Technical Services
TRF provides energy “owner’s rep” services for prospective borrowers:
Review and analysis of energy bills
Site-specific energy surveys
Design assistance for new construction, additions and major renovations
Technical information
Project management assistance (review of contractor bids, referral lists of contractors, help with RFBs and contracts)
Follow-up services (staff training and monitoring of project savings)
Contact Us
The Reinvestment Fund718 Arch Street, Suite 300 North
Philadelphia, PA 19106
Rob SandersManaging Director, TRF Energy Finance
[email protected], 215-574-5850http://www.trfund.com/financing/energy/pagelf.html
