Working with U.S. Bancorp Community Development Corporation (USBCDC) as the investor and The Navajo Tribal Utility Authority (NTUA) as leverage lender, Travois New Markets used $6.4 million in allocation to finance the construction of two electrical substations on the Navajo Nation Reservation. The new substations doubled electrical capacity to the Shiprock region without raising residents’ […]
Invests in solar for community action agencies and nonprofits, saving them on utilities. Includes solar panels for the Greater Bergen County Community Action, with a mission to reduce poverty in communities served by Greater Bergen Community Action by addressing the causes and conditions of persistent economic insecurity.
NCRP will retrofit an existing dormant coal-fired power plant to a renewable energy power plant utilizing biomass, in particular, poultry litter and wood waste: NC Renewable Power (NCRP) retrofit a dormant coal-fired power plant to a 25MW renewable energy power plant utilizing locally sourced poultry litter and wood waste. The NCRP plant is located in […]
An Alabama company built two wood biomass plants in Northeast Georgia. One of the new facilities is in Franklin County.
Synergy Solutions, Cellulosic ethanol plant and recycling center: Synergy reopened and modernized an shuttered recycling facility to provide 1) municipal waste recycling, and 2) ethanol produced from expired sugar-based beverages, such as soft drinks and alcohol. Synergy is located in a rural low-income community with very high unemployment, and the closure of several major employers.
Investor: Capital One, N.A. Para la Naturaleza (PLN) is a leader in environmental conservation and historic preservation in the islands of Puerto Rico. The Project sought to utilize NMTCs to support program expansion and renewable energy improvements to visitor and nonprofit-run community centers that provide areas with reliable and sustainable forms of electricity and water. […]
In its second award from JOBS, CTUF was granted the remaining $50,000 to continue its support of public education, teacher professional development, and community and apprenticeship programs through grant-making to community-based organizations.
NMTC financing helped Pueblo of Laguna Utility Authority complete the rehabilitation of the water and wastewater system throughout the tribal lands of Pueblo of Laguna, N.M. The previous water system, which supported six villages, suffered from recurring system failures. The 4Points Laguna project promises to enhance the water and waste water systems by providing 60 […]
The Martinsville Clean Energy project successfully combined Investment Tax Credits and New Markets Tax Credits for the design, construction and installation of state-of-the-art clean energy generation technology into an anaerobic digestion facility in rural Martinsville, Virginia. The installation of the new technology allows the facility to process food waste (which could not be processed by […]
On Aug. 6, 2018, the Hawaii Public Utilities Commission announced the approval of a power-purchase agreement for a new energy facility in Moloka’i. This grid-scale, solar-and-battery energy storage project on Moloka’i will lower power costs for customers and comprise more than 45 percent of the island’s renewable energy production. The 2.6-megawatt (MW) project, which includes […]