the reinvestment fund financing building-related energy efficiency projects keystone energy...

The Reinvestment FundFinancing Building-Related Energy Efficiency ProjectsKeystone Energy Efficiency Alliance Conference 2010

TRF Energy FinanceSeptember 21, 2010

TRF Profile

Real Estate Real Estate DevelopmentDevelopment

Policy & Information Policy & Information ServicesServices

Business Lines

Lending and Lending and Investing Investing

$1 billion $1 billion in cumulative investments and loans throughout the mid-Atlantic

Currently manage $670 million$670 million in capital from 800 investors PolicyMapPolicyMap

TRF Outcomes

18,900 homes18,900 homes

29,200 charter29,200 charterschool seatsschool seats

46,200 jobs46,200 jobs8.4 million sq. ft 8.4 million sq. ft of commercial of commercial

spacespace

3.0 million MWh 3.0 million MWh of clean energyof clean energy

TRF Energy’s Financial Tools

Commercial loans

Energy performancecontract financing

TRF-branded leasing product

TRF Energy Funds

$100 million in clean energy financing

NESIP – $4.5 million energy revolving loan fund to finance energy efficiency measures for non-profit organizations

– Seeded with $2.25MM from Pew Charitable Trusts

– Managed by TRF since 1993 SDF – $32 million of funding to promote

renewable energy market development and energy efficiency

– Funded from electric utility restructuring and merger cases

– Managed by TRF since 1998 PA GELF (incl. $12 million ARRA SEP $) Phila. Greenworks (incl. $1.7 million ARRA

allocated EECBG $) Metro Caucus (incl. $6.75 million ARRA

competitive EECBG $)

PA Green Energy Loan Fund

$48 million for EE measures in PA buildings

Seeded with $12 million from PA DEP using ARRA dollars

Projects must reduce energy by 25% over baseline

Borrowers: commercial, nonprofit, multifamily residential, industrial, government projects for owners, developers, anchor tenants

Construction loans, term loans, lease financing

Financing ranges from $100,000 - $2,500,000

Pricing: generally 4.0 – 6.5% range

See www.PaGreenEnergyLoanFund.com

TRF Energy Technical Services

TRF provides energy “owner’s rep” services for prospective borrowers:

Review and analysis of energy bills

Site-specific energy surveys

Design assistance for new construction, additions and major renovations

Technical information

Project management assistance (review of contractor bids, referral lists of contractors, help with RFBs and contracts)

Follow-up services (staff training and monitoring of project savings)

Contact Us

The Reinvestment Fund718 Arch Street, Suite 300 North

Philadelphia, PA 19106

Rob SandersManaging Director, TRF Energy Finance

robert.sanders@trfund.com, 215-574-5850http://www.trfund.com/financing/energy/pagelf.html