Green Building Update - October 4, 2011


In This Issue:

Fund has $650M to finance PACE programs; GREEN BUILDING FOCUS NASA, DOE to construct 'greenest' federal building; Siemens, Green Seal collaborate on green building guide; GRI's global reporting guidelines for sustainability; Firms partner to improve energy-efficiency; SDSU-IV receives $1.67M grant for renewable energy center; GREEN BUILDING PROJECTS - OHSU earns LEED Platinum; Syracuse Center earns LEED Platinum; Ramona Library earns LEED Gold; University of Wyoming earns LEED Gold; and KFC in Indianapolis earns LEED Gold.

Fund has $650M to finance PACE programs - Sep 25 Ygrene Energy Fund provides private funding, rather than government bonds, to finance Property Assessed Clean Energy (“PACE”) programs across the country. Ygrene is backed by Barclays Capital, Lockheed Martin, Hannover Re and British billionaire Richard Branson's Carbon War Room. Through government-assisted financing for green retrofits — PACE programs provide low interest loans for insulation, efficient cooling systems, solar electric generation, etc., for commercial and residential projects. PACE loans are secured through property taxes and are available in over 22 states.

Please see full update below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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