Blogs

December 2018 Newsletter

Click here to view RIIB’s December 2018 Newsletter which includes the following stories:

  • Infrastructure Bank Joins Green Bank Network
  • North Kingstown Upgrading Streetlights through Efficient Buildings Fund
  • Beachfront Community Harnesses Solar Power with Help from RI C-PACE

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Infrastructure Bank Funds First Local Project Following Its Inaugural Public Bond Issuance

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank issued the first Efficient Building Fund (EBF) loan following its inaugural public bond issuance last month. A portion of the proceeds will provide below market financing to the Town of North Kingstown for its streetlight retrofit project. Recently, North Kingstown purchased their streetlights from National Grid to convert them to energy-saving LED lights. 

 

October 2018 Newsletter

Click here to view RIIB’s October 2018 Newsletter which includes the following stories:

  • South Kingstown Businesses Take Advantage of C-PACE to Maximize Energy Savings
  • "Yes on Question 3" Urges Support for Green Economy, Clean Water Bond
  • Infrastructure Bank Helps Municipalities Save: Town of Barrington

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RI Infrastructure Bank Issues First Public Market Green Bond

PROVIDENCE, RI – Rhode Island Infrastructure Bank announced the closing of its inaugural public-market Green Bond issuance for the Efficient Buildings Fund (EBF) program today. The Bank’s inaugural $18.3 million Efficient Buildings Fund Green Bond was given a top rating of “AA” by Standard and Poor’s (S&P). The Efficient Buildings Fund provides below-market interest rate loans to municipalities, school districts and quasi-state entities to invest in clean energy projects.

 

RI Infrastructure Bank Joins International Green Bank Network

Providence, R.I. – Rhode Island Infrastructure Bank (the Bank) announced today that it has become a member of the Green Bank Network (the Network), a global group of financial institutions dedicated to mobilizing private investment in clean energy and climate resilient infrastructure. As a collective, the Network’s members have invested approximately $10 billion in infrastructure and clean energy projects over the past year.