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Infrastructure Bank Finances $1.7 Million In Energy Efficient Construction Projects via C-PACE Program

Rhode Island C-PACE Financed Projects in North Kingstown, South Kingstown, and Westerly

 

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced three energy efficiency construction projects receiving a total of more than $1.7 million in financing through the Bank’s innovative Commercial Property Assessed Clean Energy (C-PACE) program:

R.I. Infrastructure Bank and The Nature Conservancy Announce 2021 Municipal Resilience Program

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank and The Nature Conservancy are proud to announce the opening of the application period for the 2021 Municipal Resilience Program (MRP). Building off the program’s success over the past two years, the Municipal Resilience Program aims to equip municipalities with the tools necessary to assess their vulnerability to climate change, while providing the necessary funding to take on specific community resilience projects.

Rhode Island Infrastructure Bank Announces $1.5 Million for Municipal Resilience Program Action Grants

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank announced $1,500,000 in action grants for participants of the 2020 Resilient Rhody Municipal Resilience Program (MRP). Communities prioritized local actions through the program and will now use grant funds for implementation of projects that will increase their climate resilience.

R.I. Infrastructure Bank Welcomes Vahid Ownjazayeri as New Board Chair, Thanks Outgoing Chair Merrill Sherman for Her Years of Service

PROVIDENCE, R.I. –Rhode Island Infrastructure Bank (Bank) today announced that infrastructure expert and respected business leader Vahid Ownjazayeri will serve as new Board Chair, taking over for outgoing Chair Merrill Sherman after six years of service to the Bank.

R.I. Infrastructure Bank Promotes Shaun O'Rourke to Managing Director, Program and Business Development

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced the promotion of Shaun O'Rourke to Managing Director, Program and Business Development. Mr. O’Rourke assumes the new role after 4 years serving as the Infrastructure Bank’s Director of Stormwater and Resiliency. He is replacing Michael Baer, who is leaving to pursue a new position in the private sector after 6 years of service to the Infrastructure Bank.

Rhode Island Infrastructure Bank Finances Small Water System Improvements

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) announced $1.9 million in principal forgiveness loans through the Drinking Water State Revolving Fund (DWSRF) for small water systems in Tiverton, Chepachet, and Richmond. Upon completion, the three projects will improve water quality, system resilience and lessen the financial burden on the communities.

 

Green Line Apothecary Leverages Past Efficiency Investment to Increase Liquidity

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank proudly announces the closing of $327,584 in financing for Green Line Apothecary in Providence. Through the Bank’s Commercial Property Assessed Clean Energy (C-PACE) program, the building owner was able to borrow against energy efficiency measures previously installed while increasing liquidity during a challenging economic environment.

 

R.I. Infrastructure Bank Announces $1 Million for Municipal Resilience Projects

Cities and towns will implement specific projects

to address the impacts of climate change

 

PROVIDENCE, RI – Rhode Island Infrastructure Bank announced $1,000,000 in action grants for inaugural participants of the Municipal Resilience Program (MRP). Through the program, five communities developed climate resilience plans with prioritized local actions and will now use the grant funds for implementation.

 

Rhode Island Infrastructure Bank Extends $7.8 Million in Savings and Announces 9 Communities for the Municipal Resilience Program

PROVIDENCE, RI – Rhode Island Infrastructure Bank presented $7.8 million in savings to 26 municipalities and utilities today as a part of its annual Legislative Day at the State House. The Bank also announced the next round of participants in the Municipal Resilience Program, which includes Bristol, Providence, Woonsocket, Little Compton, Warwick, and regional partnerships from Pawtucket/Central Falls and Newport/Middletown.

 

Pascoag Utility District Increasing Reliability and Savings Through Infrastructure Bank Loan

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank announced $1.4 million in financing through the Efficient Buildings Fund (EBF) for infrastructure upgrades in the Pascoag Utility District (PUD) today. PUD is utilizing the funds to upgrade its power grid through the acquisition and integration of a battery storage facility. By borrowing with the Bank, as opposed to a traditional private lender, PUD ratepayers will save $50,000 on debt-service over term of the loan.