Tag Archives: on-bill financing

Low-carbon cities are a $24 trillion opportunity

By Leah Lazer, Catlyne Haddaoui, and Jake Wellman, GreenBiz

A new report from the Coalition for Urban Transitions, “Climate Emergency, Urban Opportunity,” finds that low-carbon cities can reduce emissions while offering tremendous economic opportunities. Researchers found that investing in 16 low-carbon measures in cities could cut global urban emissions by 90 percent by 2050 and has a net present value of almost $24 trillion, equivalent to nearly one-third of the global GDP in 2018. This means that between now and 2050, the total benefits of these investments will exceed their total costs by almost $24 trillion. Broken down by years, an average annual investment of $1.8 trillion (about 2 percent of global GDP in 2018) would yield returns of $2.8 trillion per year by 2030, and $6.9 trillion per year by 2050. Read more here.

Photo Credit: Keith J. Semmelink / Flickr – Omaha skyline

ALSO IN THE NEWS

CORPORATE NEWS

REPORT: UTILITIES’ SELF-SCHEDULING COSTS FOR RATEPAYERS

Inefficient coal plant scheduling cost ratepayers $3.5B from 2015 to 2017, report says, by Catherine Morehouse, Utility Dive. Regulated utilities cost ratepayers over $3.5 billion from 2015 to 2017 through uneconomic coal practices, according to a report released Tuesday from the Sierra Club. Vertically-integrated utilities consistently operated coal units based on their own scheduling rather than relying on market signals to determine when running that plant would be most economic, the report found. The practice, known as self-scheduling, became common when there were fewer cost-effective alternative resources, but now hinders the ability of other resources, wind and solar, to compete in power markets, research has previously found.

GLOBAL COAL DIVESTMENT

Over 100 and counting, Institute for Energy Economics and Financial Analysis
To date, over 100 and counting globally significant financial institutions have announced their divestment from coal mining and/or coal-fired power plants. New announcements are occurring on average every week.

INTERVIEW

#Solar100’s Adam Browning: The Michael Jordan of Solar Policy, PV Magazine
In this #Solar100 interview, Richard Matsui, Founder and CEO of kWh Analytics, speaks with Adam Browning, Executive Director and Co-Founder of Vote Solar.

ENERGY STORAGE

EV CHARGING

EV Connect Raises $12M for Electric Vehicle Charging Software, Greentech Media
The L.A. startup wants to let customers mix and match charging hardware and software controls to suit their needs.

Black Hills Energy program offers customers a renewable energy option

By Sunday Miller, KEVN, Black Hills Fox News

Black Hills Energy’s new “Renewable Ready” program allows certain customers to decide what percentage of their energy they want to come from a renewable resource. Solar, hydro, wind are all forms of renewable energy, and the company is ready to harness that power in its subscription-based program. “Instead of building your own facility, instead of placing either a wind or solar facility on your property, this allows you to buy into a larger scale renewable facility, in this case wind, and basically decide for yourself as a customer, do I want 10 percent, 20 percent, 50 percent or 100 percent of my energy to come from a renewable resource,” said Bret Jones, regional manager of Black Hills Energy. This new program offers larger customers, like the Rushmore Plaza Civic Center, an alternative electricity option to power their facilities.
Read more here.

Image: Renewable Ready – Black Hills Energy is building a wind farm in Wyoming to provide a renewable energy source for customers.

About Black Hills Corporation
Based in Rapid City, South Dakota, Black Hills Corporation serves over 1.27 million customers in more than 800 communities in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

Related
Civic center commits to green energy, Rapid City Journal
The venue is among the first major entities in Rapid City that has been announced as a customer of the wind farm that Black Hills Energy aims to build outside Cheyenne, Wyoming. Civic center directors have said that the complex will be powered solely with energy generated by the $57 million plant.

ADDITIONAL RECOMMENDED READING

POTENTIAL ON-BILL FINANCING MODEL

Holland leads with energy financing program, but work remains, by Andy Balaskovitz, MiBiz
A financing program in Holland that helps residents pay for energy efficiency and renewable energy upgrades remains one of the only such programs in Michigan, and could be a model for more to come. Known as on-bill financing, the program allows Holland Board of Public Works customers to obtain a loan through the utility’s nonprofit arm to pay the upfront cost of projects.

NEW CLIMATE ACTION RESOURCE

VERGE VANGUARD 2019 AWARDS

GreenBiz names 2019 VERGE Vanguard award winners
GreenBiz Group today named the 2019 VERGE Vanguard, honoring 20 dreamers, pioneers, entrepreneurs, designers, engineers, business leaders, policymakers and investors on the cutting edge of sustainability and technology.

GREEN BIZ WEBCAST

5 Steps for Embedding ESG Into Your Corporate Culture: September 17, 2019 at 12 PM
If you can’t tune in live, please register and we will email you a link to access the archived webcast footage and slides, available to you on-demand after the webcast.