Largest C-PACE and 2nd Multifamily Deal in PA Closes

$40MM IN ENERGY EFFICIENCY FINANCING FOR MULTIFAMILY PROPERTY  Developer Southern Land Company secures $40MM in energy efficiency financing for 329 apartments and 15,000 SF of retail through C-PACE program expansion The Philadelphia Energy Authority, Nuveen Green Capital and Southern Land Company announced today the closing of $40MM for a 329-unit multifamily property in the Callowhill […]

The Inflation Reduction Act (IRA) and Commercial Properties

The Inflation Reduction Act (IRA) of 2022 was signed into law by President Biden on August 16, 2022. This truly historic law includes $369 billion of federal climate-related funding. It is designed to reduce the nation’s carbon footprint by 40 percent of 2005 levels by 2030.  There are many things we know about the IRA […]

Philadelphia Energy Authority Announces First C-PACE Financing For Multifamily Property

Riverwards Group secures $17.9MM in energy efficiency financing for 220 apartments through C-PACE program expansion Philadelphia, PA – The Philadelphia Energy Authority and Nuveen Green Capital announced today the closing of $17.9MM for a 220-unit multifamily property in the Port Richmond neighborhood of Philadelphia on East Somerset and Tulip Streets. This project is the first […]

Philadelphia Energy Authority Announces Request for Information for Renewable Natural Gas (RNG) Development at City of Philadelphia Wastewater Pollution Control Plants

PHILADELPHIA, January 9, 2023 — The Philadelphia Energy Authority (PEA) has released a Request for Information (RFI) on behalf of the Philadelphia Water Department (PWD) for Renewable Natural Gas (RNG) Development at Wastewater Pollution Control Plants. On behalf of the PWD, the PEA invites interested parties to respond to the RFI with information regarding program […]