News and Blog
Governments Value Commercial Property Assessed Clean Energy as a Mechanism for Financing Projects and Supporting Local Communities
Commercial property assessed clean energy (C-PACE) allows commercial real estate owners to finance the costs of property improvements intended to improve energy efficiency or other notable public benefits, such as property resiliency to natural disaster. Despite the...
GREENWORKS LENDING EXPANDS MIDWEST MARKET
GROWS COMMERCIAL REAL ESTATE FINANCING PLATFORM WITH HIRING OF REGIONAL DIRECTOR Chicago, Illinois, (October 5, 2020) – Greenworks Lending, the nation’s leading Commercial Property Assessed Clean Energy (C-PACE) capital provider, has announced its expansion...
Can C-PACE Help Revive the Commercial Real Estate Market Amid COVID-19?
The coronavirus pandemic has dramatically changed the country’s economic landscape, and in particular, the commercial real estate market. We can’t foresee what the long-term impact of the pandemic will be on commercial real estate, but with people choosing to work...
Greenworks Lending Receives Second S&P Green Evaluation for C-PACE Assets
(Darien, CT) – Greenworks Lending, the largest Commercial Property Assessed Clean Energy (C-PACE) capital provider in the country, today announced that its securitization of C-PACE assets, PACEWell 3 LLC, has received a Global Ratings Green Evaluation from S&P....
Pushing the Envelope: Taking C-PACE Global
C-PACE. An acronym that has brought much relief for property owners, hope for environmentalists, and plenty of “PACE-puns” for those in the industry. C-PACE, or Commercial Property Assessed Clean Energy, has grown its reputation as a solution towards mitigating...
Greenworks Applauds New York City’s Executive Order to Kick Start C-PACE Program Development
Yesterday, September 2nd, New York City Mayor Bill de Blasio signed an executive order to begin the process of Commercial Property Assessed Clean Energy (C-PACE) program development in New York City. New York City Council passed a local law to authorize C-PACE as part...
An Interview with Peggy Shepard of WE ACT for Environmental Justice
At Greenworks, as we work to mitigate climate change, we are acutely aware that climate change, and specifically, environmental hazards, disproportionately affect low-income and minority individuals. The current intersection and amplification of racial injustice and...
Intertwined: Renewable Energy, Social & Economic Development, and C-PACE
Renewable energy expansion, in which C-PACE has a unique role, is deeply connected to social and economic development. When green energy sources are installed in a building, the larger community benefits from it. According to the Wisconsin Energy Bureau, “investment...
Setting the PACE: The Origin and Growth of the C-PACE Industry
A Not so New Idea This whole thing actually started when a local government employee was looking for a practical solution to help residents in his town access financing for rooftop solar. Cisco DeVries was a young assistant to the Mayor of Berkeley, CA and knew how...
First Solar Project to Use C-PACE in Pennsylvania Closes in Philadelphia
CONTACT:Maryrose Myrtetus, Philadelphia Energy Authority 215-431-5641 (cell)mmyrtetus@philaenergy.org Philadelphia, PA – The Philadelphia Energy Authority, Greenworks Lending, and the Capers Company LLC announced today the financial close of the first project in...
Greenworks Lending Applauds Action by the New York State Legislature Allowing C-PACE Financing for New Construction
(Darien, CT) – Today, Greenworks Lending, the nation’s largest provider of Commercial Property Assessed Clean Energy (C-PACE) financing, lauded the work of the New York State Legislature in passing bill A.7805/S.6523, that allows C-PACE financing for clean energy...
Why More and More Mortgage Lenders are Seeing Opportunity in C-PACE Financing
Building owners have long understood the advantages of low-cost, long-term financing through Commercial Property Assessed Clean Energy (C-PACE). A common question from borrowers is – but how will my senior lender look at C-PACE? C-PACE requires written consent from...
Impact Dashboard – Q2 2020
C-PACE For Healthy, Safe, Resilient Buildings
As America slowly reopens after COVID-19 shutdowns, building owners of all types are exploring technology solutions to make their buildings healthy gathering places that are better equipped to foster health among its occupants. Healthy buildings will attract more...
Nonprofit Solar Projects + CollectivePACE: Insights from Tim Olson, Associate Director Solar and Storage
Greenworks Lending and CollectiveSun, the only company in America that exclusively helps nonprofits and tax-exempt organizations fund solar projects, recently teamed up for a webinar, The Key to Solar Recovery & Closing Sales – Easy $0 Down Financing for...
Former Oscar Mayer Property, a Source of Jobs for Years, Brought Back to Life with Help of C-PACE Financing
Source: PACE Wisconsin Contact: Kimberly Johnston 608.729.6900 kjohnston@slipstreaminc.org (Madison, WI) Like many American kids, you may have grown up singing the catchy jingle that started with, “My baloney has a first name, it’s O-S-C-A-R, my baloney has a second...
$150M Capital Investment Signals C-PACE is a Steadfast Financing Solution for Businesses in Uncertain Times
Last week, Greenworks Lending closed on an additional $150 million in funding for its investment grade rated portfolio of Commercial Property Assessed Clean Energy (C-PACE) assets. This was a strong signal to the market that even amid times of economic instability,...
Greenworks Lending Raises $150M of Committed Capital
(Darien, CT) – Greenworks Lending, the nation’s largest provider of Commercial Property Assessed Clean Energy (C-PACE) financing, has announced today that it has raised $150M in committed capital from Nuveen, the investment manager of TIAA. This marks the firm’s third...