wppsef 021116 pa seb presentation-opt [read-only] · – opens fall 2016/ closes january 2017....
TRANSCRIPT
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Discussion Points
• Who is WPPSEF– 15 years of operations
• Activity– Funding commitments– Project cycle: From commitment to completion
• Field tour of 4 projects (Audubon, Women-In-Need, Geisinger, and Elk Country)
• Emerging Efforts
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Who We Are
• Mission elements– Clean power production
– Energy efficiency & conservation
– Three E’s• Economic development• Environmental betterment• Education & outreach
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Power & Foresight
• Workshops & Field Tours - 2015– Geisinger Medical Center (June)– Energypath 2015 (July)– Phipps Conservatory & Botanical Gardens (August)– Keystone Solar (September)– The Pennsylvania State University (October)– Elk Country Visitor Center (October)
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Project Funding Summary
• WPPSEF seeks to place funds in an entrepreneurial manner to meet its mission while ensuring funds are committed in a sustainable, cost-effective manner.
• Funding overview:– Loans: 30+, $25K-$2M, 4-6% rate, 3-5 year term, secured– Grantmaking: 100+, $500-$150k, primarily for non-profits– Strategic Initiatives: 3, $50k-$1M+, strategic focus needed
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2015 Funding CommitmentsFunding
TypeNumber of
ProjectsFunding
CommitmentKey
Projects
Loans 1 $996,000 Energy Innovation Center
Grants/Sponsorships
20 $595,725
Vandergrift Borough, State College Borough, St. Vincent College, Wilson College, PA Biomass Energy Association, Westmoreland Community Action, Audubon Society of Western PA, Gregg Township, Eastern Westmoreland Career & Technology Center, Elliance, SEF, American Solar Energy Society, BTEC,ABC,AFREC,KEEA (2), Energy Sprout
TOTAL 21 $1,591,725
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Project Cycle
• From Commitment to Completion– WPPSEF seeks out investment opportunities– WPPSEF works with applicants to understand need/
structure support to meet that need (technical & financial)– WPPSEF works with applicant throughout decision making
process– WPPSEF active partner once financing is approved– WPPSEF works to showcase project upon completion
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Audubon Society of Western PA (2015)
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Women-In-Need (2010 – 2014)
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Women-In-Need (2015)
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Geisinger Health System (2014)
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Janet Weis Children’s Hospital (2015)
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Janet Weis – Solar PV (2015 – 2016)
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Keystone Elk Country Alliance (2012)
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Keystone Elk Country Alliance (2013)
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Keystone Elk Country Alliance (2014)
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Keystone Elk Country Alliance (2014)
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Keystone Elk Country Alliance (2014)
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Keystone Elk Country Alliance (2015)
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Visit Elk Country
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Emerging Efforts• WPPSEF Request-for-Proposals
– Closed January 29, 2016– Nice pipeline of projects in due diligence phase (March)
• WPPSEF website refresh (mid-April 2016)– Nice video vignettes coming
• Energy Sprout (July 2016)• PennSEF (M-U-S-H, summer/fall 2016)• WPPSEF Request-for-Proposals
– Opens Fall 2016/ Closes January 2017