State Clean Energy Banks: The NYCEEC, CEFIA, and NYS Models

Thursday, April 4th 2013 9:30am- 12:30pm ET / Streamed Panel Discussion: 7:00am - 9:00am PT / 10:00am - 12:00pm ET / 16:00 - 18:00 (Paris-Frankfurt)

Meeting in New York

 

 

As a result of the the passage of Public Act 11-80, in 2011, CEFIA became the first of three green bank models that will leverage “existing state funds, federal grants, repurposed regulatory charges (often called “system benefit charges”), foundation grants, private investment, and bonds” to provide below-market, low-interest rate capital for clean energy projects. Given the political inertia on climate change reform, and the urgency that the aftermath of natural disasters like Sandy present, green banks are going to become integral to reaching clean energy goals. Green banks aim to match public funds with private capital to provide below-market rates for energy efficiency and renewable energy projects. As Douglass Sims of NRDC summarizes, they can “including issuing bonds, selling equity, legislative appropriations, dedication of utility regulatory funds, or foundation grants for the purpose of supporting clean energy and energy efficiency projects through financing tools such as loans and loan guarantees, often at below commercial rates.”


In this meeting, our panel of experts will discuss the progress of the model, and examine other states where public and private support make conditions ripe for the creation of a "clean economy bank".


  • What green bank models exist?
  • How do green banks increase the flow of private capital to clean energy projects, while not crowding out?
  • What conditions make the development of a green bank most ripe?
  • What are the biggest hurdles for green banks to becoming self-sustaining?
  • What innovative financing models can spring from a green bank model?
  • What are green bank metrics for success with regard to deal flow?
  • What are green banks' roles in job creation/economic and community development?
  • What are green banks doing with regard to resiliency?
  • How can green banks bridge the capital markets?
  • What have been some of the major successes and setbacks? 

 

Roundtable Brochure

Speakers:

 

Jonathan Schrag, Northeast Clean Heat and Power Initiative, Executive Board Member (Moderator)

 

Bryan Garcia, Clean Energy Finance Investment Authority (CEFIA), CEO

 

Susan Leeds, New York City Energy Efficiency Corp (NYCEEC), CEO

Greg Hale, NRDC, Director of Efficiency Finance

 

Kevin Hale, NYSERDA, Senior Project Manager 

 

Location: The Markle Foundation, 10 Rockefeller Plaza, 16th Floor New York, NY 10020 

Attendees list
59 people will attend this meeting, among them
Will attend in person Via streaming
Sage Renewable Energy Consul
Principal
ULI Greenprint
Vice President
Ingersoll Rand
Innovation manager
City of San Francisco
GreenFinanceSF program manager
NYSERDA
Director of Energy Programs
ECODESIGN, Inc.
Director
Prime Solutions, Inc.
SVP, Strategy and Market Development
Pew Clean Energy Program
Senior Associate
Rabobank
Head - Renewable Energy
Fortress Investment Group
Analyst
Global Change Associates
Chairman
Clean Energy Finance Investm
CEO and President
NYU School of Law
Student
NYSERDA
Project Manager
California Energy Commission
Associate Energy Specialist
New York City Housing Author
Deputy Director
New York City Housing Author
Deputy Director
Cato Capital
Managing Director
New York City Council
Attorney
RNK Capital
Environmental Markets
Solis Partners
Co-Founder, Managing Director
Climate Bonds Initiative
USA Programs
Energy Innovation: Policy an
Research Assistant
Manhattan Residential Group
Founding Partner
First Infrastructure, Inc.
Managing Principal
The Green Building Center
Partner
Connecticut Department of En
Deputy Chief of Staff
SolEd Benefit Corp
CFO
Generation Investment Manage
Partner - Climate Solutions Fund
Greenwood Energy
Vice President - Business Development
New York City Energy Efficie
CEO
New York City Housing Author
Assistant Director
Upsolar
Sales Operations Specialist
Societe Generale
Associate
East West Bank
VP/Private client manager
Spartan Solutions
Sr. Manager of Sustainability Solutions
WJCF
Director
WJCF
Director
NYSERDA
Project Manager
Bernard, Nickels and Associa
Partner
OSEIA
Exec. Director
City of San Francisco
Renewable Energy Program Manager
Dome-Tech, Inc.
Sr. Account Executive
HIP Consult, Inc.
Analyst
Kilowatt Financial
Chairman & CEO
RBS
SVP
ERS
Senior Consultant
Greenwood Energy
VP
SUNPOWER
BUS DEV MGR
Energy Infrastructure Partne
Partner
WECC
President & CEO
ASP
Director of Business Development
BNP Paribas
Vice President
USGBC-NCC
Director, Special Events
Hodgson Russ LLP
Partner
CT Department of Energy and
Utilities Examiner 2
Kilowatt Financial
Finance
Climate Markets & Investment
North America Lead, International Policy Associate
Domini Social Investments LL
Research Analyst
See the report & presentations
View video
Speakers
Bryan Garcia
Clean Energy Finance Investment Authority (CEFIA)
CEO and President
Susan Leeds
New York City Energy Efficiency Corp (NYCEEC)
CEO
Greg Hale
NRDC
Senior Financial Policy Specialist
Kevin Hale
NYSERDA
Sr. Project Mgr
Moderators
Jonathan Schrag
New York University, School of Law
Senior Fellow