GIG Progress Report 2018
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Letter to RT Hon Kwasi Kwarteng MP: Summary
Macquarie Corporate Holdings Pty Limited (UK Branch) A Member of the Macquarie Group of Companies Ropemaker Place 28 Ropemaker Street London EC2Y 9HD Internet www.macquarie.com/eu UNITED KINGDOM Rt Hon Kwasi Kwarteng MP Minister for Business, Energy and Clean Growth Department for Business, Energy and Industrial Strategy 1 Victoria Street London SW1H 0ET 10 December 2020 Dear Minister Summary of progress since the acquisition of the UK Green Investment Bank It was a pleasure to meet you last month to discuss the UK Government’s ambitious agenda on decarbonisation and legally binding commitment to net zero. Following our meeting, I wanted to write to provide you with an overview of progress since our acquisition of the UK Green Investment Bank, and our plans for the future. Macquarie was proud to acquire the UK Green Investment Bank (GIB) three years ago, combining the world’s first green bank and the world’s largest infrastructure investor. The result – the Green Investment Group (GIG) – is now one of the world’s leading renewable energy developers and investors. It has remained true to its original mission, continues to be led from the UK and its green purposes remain enshrined in its legal constitution and culture. At the time of the acquisition, Macquarie made a number of commitments to the UK Government. Those commitments reflected our intentions and ambitions to grow GIB and continue its success story, backed by the strength, diversity and resources of Macquarie Group. They also reflected the objectives of the UK Government, in allowing GIB the freedom to increase the sectors and technologies in which it operates, commit ever greater levels of capital to green projects, and expand its operations internationally to export this UK success story overseas. -
20 and Annual Business Plan 2020 – 21
NY Green Bank Annual Review 2019 – 20 and Annual Business Plan 2020 – 21 Case 13-M-0412 June 19, 2020 Contents Letter from the President of NY Green Bank .........................................................................................................1 1 NY Green Bank Overview ................................................................................................................................4 1.1 Review & Plan Purpose ...............................................................................................................................4 1.2 Mission .........................................................................................................................................................5 1.3 Key Investment Criteria ................................................................................................................................6 1.4 Other Investment Considerations ................................................................................................................6 1.4.1 Additionality ......................................................................................................................................6 1.4.2 Transformation of Clean Energy Financing Markets ........................................................................7 1.4.3 Impact & Public Benefits ...................................................................................................................7 1.4.4 Transaction Size & Participation.......................................................................................................7 -
Smart-E Loans
Energize CT Single-Family Residential Financing Programs Energize CT HES Payment C4C Landlord Loan Energy Conservation Loan Smart-E Loan Heating Loan Plan (ECL) (Micro Loan) **Emergencies only** 9 banks and Lender Capital for Change Capital for Change Capital for Change Capital for Change credit unions Interest Rate 4.49% - 6.99% 0.99% 0% 4.49% - 6.99% 0-3% Repayment Plan 5, 7, 10 or 12 years 3-10 years 3 years 5-12 years 10 years Payments may be added Capital for Change borrowers in Eversource Required Required Eversource Only NO to electric bill territory only Available to Eversource / NO YES YES NO NO UI Electric Customers Only Underwriting Basis Credit Report Utility History Utility History Credit Report Credit Report Minimum FICO 580 N/A N/A 660 N/A Debt to Income Ratio Max 50%* N/A N/A 50%* 50% *waived for higher FICO Minimum Loan Amount $500 $1,350 $1,000 $3,000 $400 Maximum Loan Amount $40,000 $15,000 $3,000 $40,000 $25,000 Owner-Occupancy Req’d YES NO NO NO NO CT Residency Required YES NO NO NO YES Income Limit Applies NO NO NO NO YES Eligible Improvements See Page 3-4 See Page 5 See Pages 6-7 Same as Smart-E See Page 8 HES Assessment Required NO NO YES NO NO Down Payment Required NO YES NO NO NO Fees NO NO NO UCC Fee $50 Recording Fee $60-$75 Prepayment Penalty NO NO NO NO NO Security Unsecured Unsecured Unsecured UCC Filing Secured by property capitalforchange.org/hes- capitalforchange.org/landlord- www.ctgreenbank.com/smarte www.ctheatloan.com https://capitalforchange.org/ecl-plan Website plan plan ** Loan criteria may vary by Program details are subject to change. -
Aggregation and Securitization
MARCH 2019 GREEN BANK INSIGHT Aggregation and Securitization PRIMARY AUTHORS: Abe Wapner, Rob Youngs, Coalition for Green Capital www.coalitionforgreencapital.com 2 | Green Bank Insight: Aggregation and Securitization ABOUT GREEN BANK NETWORK INSIGHTS Green Bank Insights are a Green Bank Network (GBN) product that consist of short reports that highlight collective successes and innovations of GBN Members and Green Banks in specific areas. They are an opportunity for the GBN Members to share their experiences and engage in continuous dialogue with the broader green finance community. The authors would like to thank the following organizations for their contributions to this document: Clean Energy Finance Corporation (Australia), Connecticut Green Bank, NY Green Bank and Rhode Island Infrastructure Bank. This paper was made possible with the support and partnership of the ClimateWorks Foundation. About the Green Bank Network About the Coalition for Green Capital The Green Bank Network (GBN) is a membership The Coalition for Green Capital (CGC) works to establish organization managed by the Natural Resources Defense Green Banks on the state, federal, and international levels Council and the Coalition for Green Capital. It was by conducting in-depth analyses, leading fundraising founded in December 2015 to foster collaboration and and business planning efforts, and providing specialized knowledge exchange among existing green banks, consulting services. With CGC’s leadership and technical enabling them to share best practices and lessons learned. support, Connecticut created the first state Green Bank The GBN also aims to serve as a source of knowledge and in the US with near unanimous bi-partisan support. a network for jurisdictions that seek to establish a green CGC then followed that with work in New York, Hawaii, bank. -
Contract Leads Powered by EARLY PLANNING Projects in Planning up to Detailed Plans Submitted
Contract Leads Powered by EARLY PLANNING Projects in planning up to detailed plans submitted. PLANS APPROVED Projects where the detailed plans have been approved but are still at pre-tender stage. TENDERS Projects that are at the tender stage CONTRACTS Approved projects at main contract awarded stage. Agent: Plan My Property, 1 Regent Street, Council of Kings Lynn & West Norfolk Norfolk Job: Detail Plans Granted for 4 Plans Granted for housing Client: Cambridge Ltd Agent: John Thompson & Partners Ltd, 17 Street, Skipton, North Yorkshire, BD23 1JR Tel: Fraisthorpe Wind Farm Limited, Willow Court, Finedon, Wellingborough, Northamptonshire, Developer: Trundley Design Services, Salgate houses Client: Mr. David Master Developer: City Council Agent: Cambridge City Council, - 23 Calton Road, Edinburgh, Lothian, EH8 01756 700364 West Way, Minns Business Park, Oxford, OX2 MIDLANDS/ NN9 5NB Tel: 01933 383604 Barn, Islington Road, Tilney All Saints, King’s Peter Humphrey Associates, 30 Old Market, The Guildhall, Market Square, Cambridge, CB2 8DL Contractor: Keepmoat Homes Ltd, Land Adjacent, Halton Moor Road 0JB Tel: 01865 261300 NOTTINGHAM £4.8M Lynn, Norfolk, PE34 4RY Tel: 01553 617700 Town Centre, Wisbech, Cambridgeshire, PE13 3QJ Contractor: Keepmoat Homes, 950 Regeneration House, Gorsey Lane, Coleshill, Halton £1m DURHAM £0.8M EAST ANGLIA Land South Of, Abbey Lane Aslockton LEICESTER £1.1M 1NB Tel: 01945 466966 Capability Green, Luton, Bedfordshire, LU1 Birmingham, West Midlands, B46 1JU Tel: Planning authority: Leeds Job: Outline Brancepeth -
Macquarie Green Finance Impact Report
Green Finance Impact Report 2020 2020 Green Finance Impact Report Table of Contents Introduction ................ 2 Key highlights ................ 3 Summary of green metrics ................ 4 Macquarie’s green financing transactions ................ 6 Approach ................ 8 Green impact ................ 11 Macquarie and green investment ................ 12 Glossary ................ 16 Appendix 1: GIG Green Impact Report ................ 17 Appendix 2: PWC Assurance Report ................ 29 3 2020 Green Finance Impact Report Introduction Macquarie Group Limited (“Macquarie or MGL”) is pleased to present its Green Finance Impact Report for the twelve months to 31 March 2020. This report relates to the MGL 2018 £2,100 million loan facility of which £500 million constitutes as green financing (“green tranches”). It provides information on the environmental benefits (“green impact”) of the eligible projects1 which have been notionally allocated2 green tranche financing. MGL is also pleased to note it has raised its second green financing transaction in March 2020, a US$300 million Samurai loan facility in the Japanese market of which US$150 million constitutes as green financing. This loan was not drawn at the 31 March reporting period and is not covered by this report. The approach presented in this report is consistent with Macquarie’s Green Finance Framework (“GFF”) which was developed in accordance with the APLMA3 Green Loan Principles. Macquarie has utilised the expertise of its Green Investment Group (“GIG”) Green Investment Ratings team to demonstrate the green impact of its eligible projects. The full Impact Report is available in Appendix 1. Macquarie’s GIG is a specialist in green infrastructure principal investment, project development and delivery, green impact advisory and the management of portfolio assets. -
Green Investment Bank Strategic Report
Strategic Report 2014 Contents Overview The UK Green Investment Bank at a glance .......4 Transparency statement ...................................6 Chair’s report ..................................................7 Chief Executive’s review ...................................8 Highlights 2013-14 highlights ........................................10 2013-14 transaction summary .......................12 Strategy Our mission and business model....................14 Our market ...................................................15 Our strategy ..................................................18 Outlook ........................................................21 Performance Measuring our performance against our double bottom line .......................23 Our key performance indicators ......................24 Investment performance ................................26 Green performance ........................................34 Financial performance ...................................40 People Overview of wider team ..................................44 The Board .....................................................46 Leadership Team ...........................................48 Sustainability ................................................50 Glossary .......................................................53 About this report We have moved to the new style of Annual Reporting as required by new regulations, which came into force for financial years ending on or after 30 September 2013. This means that a stand-alone Strategic Report now precedes -
International Passenger Survey, 2008
UK Data Archive Study Number 5993 - International Passenger Survey, 2008 Airline code Airline name Code 2L 2L Helvetic Airways 26099 2M 2M Moldavian Airlines (Dump 31999 2R 2R Star Airlines (Dump) 07099 2T 2T Canada 3000 Airln (Dump) 80099 3D 3D Denim Air (Dump) 11099 3M 3M Gulf Stream Interntnal (Dump) 81099 3W 3W Euro Manx 01699 4L 4L Air Astana 31599 4P 4P Polonia 30699 4R 4R Hamburg International 08099 4U 4U German Wings 08011 5A 5A Air Atlanta 01099 5D 5D Vbird 11099 5E 5E Base Airlines (Dump) 11099 5G 5G Skyservice Airlines 80099 5P 5P SkyEurope Airlines Hungary 30599 5Q 5Q EuroCeltic Airways 01099 5R 5R Karthago Airlines 35499 5W 5W Astraeus 01062 6B 6B Britannia Airways 20099 6H 6H Israir (Airlines and Tourism ltd) 57099 6N 6N Trans Travel Airlines (Dump) 11099 6Q 6Q Slovak Airlines 30499 6U 6U Air Ukraine 32201 7B 7B Kras Air (Dump) 30999 7G 7G MK Airlines (Dump) 01099 7L 7L Sun d'Or International 57099 7W 7W Air Sask 80099 7Y 7Y EAE European Air Express 08099 8A 8A Atlas Blue 35299 8F 8F Fischer Air 30399 8L 8L Newair (Dump) 12099 8Q 8Q Onur Air (Dump) 16099 8U 8U Afriqiyah Airways 35199 9C 9C Gill Aviation (Dump) 01099 9G 9G Galaxy Airways (Dump) 22099 9L 9L Colgan Air (Dump) 81099 9P 9P Pelangi Air (Dump) 60599 9R 9R Phuket Airlines 66499 9S 9S Blue Panorama Airlines 10099 9U 9U Air Moldova (Dump) 31999 9W 9W Jet Airways (Dump) 61099 9Y 9Y Air Kazakstan (Dump) 31599 A3 A3 Aegean Airlines 22099 A7 A7 Air Plus Comet 25099 AA AA American Airlines 81028 AAA1 AAA Ansett Air Australia (Dump) 50099 AAA2 AAA Ansett New Zealand (Dump) -
UK Windfarm Load Factors 2006 by Site
UK Windfarm Load Factors 2006 By Site The most recent date of ROC issue on the Renewable Obligation Certificate Register available from the Ofgem web site included in the analysis was 25th April 2007. The two monthly figures shown are the actual number of ROC's issued and this figure expressed as a percentage of the the ROC's which could be issued if the output was continually at the at the maximum DNC value, without interruption, for the complete month. The cumulative annual figures are included, where the figures given against each location are the actual number of ROC's issued during the year, the possible number of ROC's which could be issued if the output was continually at the maximum DNC value and actual output expressed as a percentage of this figure. This is the annual load (capacity) factor of each location. Most recent ROC issue date 25 April 2007 For year 2006 Annual output by technology Actual Possible % Median of Individual MWh MWh Monthly % Values Biomass 985214 1759199 56.00 55.19 Co-firing of biomass with fossil fuel 2456733 230290215 1.07 0.91 Biomass and waste using ACT 11496 26114 44.02 48.59 Micro hydro 55815 121504 45.94 46.23 Hydro <20 MW DNC 2049389 4977685 41.17 37.68 Landfill gas 4168045 6718018 62.04 63.76 Waste using an ACT 1224 11529 10.62 11.44 Off-shore wind 685819 2503109 27.40 27.18 On-shore wind 3530914 13767395 25.65 26.58 Wind 4216733 16270504 25.92 Sewage gas 333578 655003 50.93 51.91 Wave power 9 1452 0.62 0.56 PV 131 1770 7.40 7.45 Contribution to annual total renewable energy generation Biomass -
Decentralized Energy Master Planning
Decentralized Energy Master Planning The London Borough of Brent An Interactive Qualifying Project Report submitted to the Faculty of WORCESTER POLYTECHNIC INSTITUTE in partial fulfilment of the requirements for the Degree of Bachelor of Science Submitted by Anthony Aldi Karen Anundson Andrew Bigelow Andrew Capulli Sponsoring Agency London Borough of Brent Planning Service Advisors Dominic Golding Ruth Smith Liaison Joyce Ip 29 April 2010 This report represents the work of four WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its web site without editorial or peer review. Abstract The London Borough of Brent aims to reduce its carbon emissions via implementation of decentralized energy schemes including combined heat and power systems. The objective of this project was to aid Brent in the early stages of its decentralized energy master planning. By examining policies of other boroughs and studying major development areas within Brent, the WPI project team has concluded that the council must actively facilitate the development of decentralized energy systems through the use of existing practices and development of well supported policies. i Authorship Page This report was developed through a collaborative effort by the project team: Anthony Aldi, Karen Anundson, Andrew Bigelow, and Andrew Capulli. All sections were developed as team with each member contributing equally. ii Acknowledgements The team would like to thank our advisors from Worcester Polytechnic Institute, Professor Dominic Golding and Professor Ruth Smith. The team would also like to thank the liaison Joyce Ip from the London Borough of Brent Planning Service and the entire Planning Service. -
1 Structure & Options for Green Bank Legislation
STRUCTURE & OPTIONS FOR GREEN BANK LEGISLATION COALITION FOR GREEN CAPITAL A Green Bank is a public or quasi-public clean energy financing institution that uses limited public resources to leverage greater private investment in clean energy. The goal of a Green Bank is to accelerate the growth of renewable energy and energy efficiency markets. Green Banks accomplish this goal by investing in clean energy projects through public-private partnerships that seek to maximize the amount of private investment per public dollar used. And because public dollars are used for loans and not grants, public capital is recycled and preserved, eliminating net long-term costs to taxpayers. Green Banks address the number one barrier to adoption of clean energy technologies – the upfront cost – by helping consumers and businesses access financing while reducing energy costs. Is Legislation Necessary to Create a Green Bank? As a government financing entity, legislation, regulation, or administrative action is typically needed to create and empower a Green Bank. Three legal components must be in place to operate a Green Bank: 1) Organization - A Green Bank must be a defined organization, that is either a new institution or one created within or from an existing entity; 2) Capital - A Green Bank must have capital to lend and cover operating expenses; and 3) Financing Authority - A Green Bank must have the legal authority to perform a specific set of financing activities. Whether or not legislation, or possibly regulation, is needed to create and operate a Green Bank depends on whether these three critical Green Bank operating components can be collected and organized under existing law. -
150 Million Commitment to Financing Green Affordable Housing
NY Green Bank: $150 Million Commitment to Financing Green Affordable Housing NY Green Bank is a State-sponsored investment fund managed by a team of solutions-oriented financing professionals. The team specializes in identifying new and effective approaches for financing projects that support New York State’s clean energy goals. NY Green Bank makes financing available to technically viable projects and businesses, especially where financing from traditional capital providers is not available. Financing these projects will help accelerate the deployment of energy efficiency and clean energy across our State and drive the evolution of the grid and energy infrastructure to be more flexible and resilient. NYS POLICY TAILWINDS With the establishment of the Climate Leadership and Community Protection Act (Climate Act), electrifying and implementing energy efficiency in low- and moderate-income (LMI) households and affordable multifamily buildings has become a primary focus for the State. The Climate Act mandates that a minimum of 35% of the benefits of New York State investments into clean energy and energy efficiency accrue to disadvantaged communities. It also sets out an ambitious new energy efficiency target of reducing energy consumption in the state by 185 trillion BTUs below the forecasted energy use by 2025. Meeting the 2025 efficiency target is expected to contribute more than a third of the 40% New York State emissions reduction target by 2030. NY GREEN BANK’S INVESTMENT COMMITMENT NY Green Bank’s $150 million commitment to financing clean energy and energy efficiency in affordable housing is the starting point for achieving a just and equitable transition for disadvantaged communities outlined in the Climate Act.