Bank of America Corp. (NYSE: BAC) is having a bit of an unusual bond sale, and it is something we might have overlooked had it been anything else but this. The bank has issued a $500 million bond issue that is called a “green bond” by name. Issuing the green bond is meant to support Bank of America’s commitment to advance renewable energy initiatives and to promote energy efficiency.
Philips Lighting last week announced a contract with Washington Metropolitan Area Transit Authority (WMATA) to install LED lights at 25 parking garages at Washington Metro stations. The fixtures, or luminaires, have a wireless control system with sensors for daylight and motion to optimize energy efficiency while delivering enough light to meet WMATA’s safety requirements.
PACE, offered by the county through the Ygrene Energy Fund, which administers the program, assists businesses and homeowners in financing energy efficiency, water conservation, and renewable energy upgrades. The improvements are paid for by a voluntary tax on the owner’s property tax bill.
The owner of three Connecticut commercial buildings has received more than $5 million in private financing through the state’s Commercial Property Assessed Clean Energy program.