Ygrene fund offers millions for municipal energy efficiency retrofits

October 05, 2011 |
Drew Ballensky

Ygrene Energy Fund recently began marketing its loan program to cities and counties across the US for energy efficiency retrofits. The fund has formed alliances with British investment bank Barclays Capital, US defense contractor Lockheed Martin, and German reinsurance giant Hannover Re. Ygrene has won exclusive contracts to market retrofits in a half-dozen communities in the Miami area, and expects to finalize a contract with Sacramento. It expects to fund $650 million in projects in Florida and Sacramento. The nonprofit Ygrene also announced it had formed a consortium to fund construction work that would cut energy consumption in homes and businesses across the US.

(http://www.pressdemocrat.com/article/20110925/BUSINESS/110929690/1036/sitemaps)

Ygrene will finance the energy upgrades entirely with private money through groups like Barclays. It will run the programs without any costs to local governments, which must authorize the programs and collect payments from borrowers. 

Drew Ballensky | Reconstruction Blog

Drew Ballensky is general manager of Duro-Last Roofing, Inc.’s central U.S. facility in Iowa and company spokesman for Duro-Last’s cool roofing, sustainability and architectural education programs. He is past-president of the Chemical Fabrics and Film Association and chairman of CFFA’s Vinyl Roofing Division. Drew earned his bachelor’s degree in industrial technology from the University of Northern Iowa and master’s degree in business administration from Florida State University.
Drew has over 29 years experience in business and industry in various engineering and managerial capacities. He has worked in the U.S. and Canadian operations for a major international manufacturer of pre-engineered steel buildings, was a financial analyst with a major athletic apparel manufacturer and was an owner of a general contracting company.

Related Blogs

Wikipedia

January 14, 2014 | Reconstruction Blog

A remembrance area and a new visitor's entrance will be among the changes when the Navy rebuilds Building 1...

read more

Photo: Digidreamgrafix; FreeDigitalPhotos.net

January 06, 2014 | Reconstruction Blog

Reducing energy consumption through energy-efficiency retrofits represents an underappreciated way to cut h...

read more
January 02, 2014 | Reconstruction Blog

San Vicente Inn, a cluster of century-old historic bungalows, known as a haven for nudists and drug users,...

read more
December 27, 2013 | Reconstruction Blog

Rings of scaffolding will start to rise this spring around the cast-iron dome of the U.S. Capitol in Washin...

read more
December 16, 2013 | Reconstruction Blog

Minneapolis’s Northwestern Building, originally built in 1914 as a glass factory, is undergoing a major ren...

read more
December 09, 2013 | Reconstruction Blog

Bethlehem, Pa., is a recipient of a 2013 award by Preservation Pennsylvania for a renovation of the oldest...

read more

Photo: Welton Structural Design

December 02, 2013 | Reconstruction Blog

A $47.6 million overhaul of the Huntington Federal Building in Huntington, West Virginia, includes altered...

read more
November 25, 2013 | Reconstruction Blog

The redevelopment of Fort Monmouth, a former New Jersey army base, is likely to be revised on a building-by...

read more
November 18, 2013 | Reconstruction Blog

Key office design trends such as downsizing of overall space, more open floor plans, and the inclusion of m...

read more
November 11, 2013 | Reconstruction Blog

Salzburg, Austria’s Central Station remained in operation during reconstruction, a feat that required compl...

read more
 

Add new comment

Your Information
Your Comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
By submitting this form, you accept the Mollom privacy policy.
Overlay Init