Media Contact:Ben Block215-688-5134 | media@philaenergy.org The Philadelphia Energy Authority, Nuveen Green Capital, and Brandywine Realty Trust have reached agreement on $87.3 million in Philadelphia Commercial Property Assessed Clean Energy (C-PACE) financing for 3151 Market Street in Schuylkill Yards, the latest addition to West Philadelphia’s life sciences and mixed-use development hub. The transaction represents the largest […]
The Philadelphia C-PACE Program reached a major milestone in 2025, surpassing $300 million in cumulative Commercial Property-Assessed Clean Energy (C-PACE) financing. Of the $312 million in capital provided to Philadelphia property owners since the program’s launch, nearly half has been deployed over the past two years. Learn more: 2024-2025 Philadelphia C-PACE Program Report More property […]
The City of Philadelphia is procuring long-term, clean, affordable electricity from a large-scale solar energy project. The 20-Megawatt (MW) Abes Run Solar project builds upon past success sourcing electricity through a power purchase agreement (PPA). Once complete, Abes Run Solar will supply an estimated 5 percent of municipal electricity use – equivalent to six times […]
The Philadelphia Energy Authority, Counterpointe Sustainable Real Estate, and Pearl Properties reached agreement on Pennsylvania’s largest Commercial Property Assessed Clean Energy (C-PACE) project. Pearl Properties has received $60 million in C-PACE financing for construction of Harper Square, a 362,000-square-foot multifamily tower overlooking Rittenhouse Square. Once constructed, the 500-foot-tall, 45-story skyscraper will stand as the city’s […]
For Immediate Release: October 28, 2025 Contact:Ben BlockSenior Manager CommunicationsPhiladelphia Energy Authority(215)688-5134Media@philaenergy.org PHILADELPHIA – Today, City officials and the Philadelphia Energy Authority (PEA) celebrated the achievements of the Philly Streetlight Improvement Project (PSIP) and shared trick-or-treating safety information at the John M. Patterson School in Southwest Philadelphia. PSIP is a collaboration between the City of […]