The financing will be used to implement energy conservation measures (ECMs). The city, incorporated in 1895, is approximately 3.51 square miles in area and is located in Bastrop County. The Financing will primarily fund lighting upgrades (facility and street lighting) and water and electric meter improvements in various city buildings. The total guaranteed savings associated with this energy project will be enough to cover 100% of project costs over the 15-year term of the transaction.
Estimated annual environmental benefits:
- Global warming metric tons CO2e avoided: 2,100
- Water use avoided (thousands of gallons): 55,000
- Non-hazardous waste avoided (metric tons): 27
- MWh reduced from efficiency projects: 2,600
- Energy cost savings: $273,000
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The financing will be used to implement energy conservation measures (ECMs).The district is a comprehensive community public school district, serving students in kindergarten through twelfth grade in the north-central part of Gregg County in the East Texas oil field. The financing will primarily fund lighting upgrades, boiler controllers and water conservation improvements in various district buildings. The total guaranteed savings associated with this energy project will be enough to cover 100% of project costs over the 15-year term of the transaction.
Estimated annual environmental benefits:
- Global Warming metric tons CO2e avoided: 1,700
- Water Use avoided (thousands of gallons): 45,000
- Non-hazardous waste avoided (metric tons): 23
- MWh reduced from efficiency projects: 2,200
- Energy cost savings: $226,000
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Vivint Solar a leading provider of residential solar energy systems in the United States.
The program is structured as a disproportionate-allocation flip partnership in which Bank of America Merrill Lynch is the sole tax equity investor while Vivint Solar holds the developer equity portion.
The partnership invests exclusively in the purchase of fully contracted residential solar systems located on the rooftops of private citizens’ residences in the states of Arizona, California, Connecticut, Hawaii, Maryland, Massachusetts, New Jersey and New York.
Estimated annual environmental benefits:
- Global Warming metric tons CO2e avoided: 30,000
- Water Use avoided (thousands of gallons): 803,000
- Non-hazardous waste avoided (metric tons): 400
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EDPR is the fourth largest owner and operator of wind farms in the U.S. The commitment is structured as a disproportionate-allocation flip partnership in which Bank of America Merrill Lynch holds the tax equity portion and EDPR holds the sponsor equity portion.
The partnership finances Headwaters, a 200MW clean power generation facility composed of 100 wind turbines located on 45,000 acres in Randolph County, Indiana. The facility achieved commercial operation in the fourth quarter of 2014. The electricity generated from the facility is being sold to Indiana Michigan Power under a 20-year power purchase agreement. The facility delivers clean, renewable power to the citizens of Randolph County, producing enough electricity to power approximately 56,000 homes.
Estimated annual environmental benefits:
- Global Warming metric tons CO2e avoided: 252,000
- Water Use avoided (thousands of gallons): 6,756,000
- Non-hazardous waste avoided (metric tons): 3,400
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NextEra Energy Resources, is, together with its affiliates, the largest operator of wind and solar power assets in the United States.
The investment was structured as a disproportionate-allocation flip partnership in which Bank of America Merrill Lynch and another investor hold the tax equity portion and NextEra holds the sponsor equity portion.
The partnership finances the Seiling Wind and Seiling Wind II facilities located in Dewey County, Oklahoma. Seiling Wind is a 198.9MW clean power generation facility composed of 117 wind turbines; Seiling Wind II is a 100.3MW clean power generation facility composed of 59 wind turbines. Both facilities are operational, and the electricity being generated is being sold to the Public Service Co. of Oklahoma and Golden Spread Electric Cooperative, respectively, under long-term power purchase agreements. The facilities deliver clean, renewable power to the citizens of Dewey County, producing enough electricity to power 92,000 homes.
Estimated annual environmental benefits:
- Global Warming metric tons CO2e avoided: 288,000
- Water Use avoided (thousands of gallons): 7,712,000
- Non-hazardous waste avoided (metric tons): 3,800
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SolarCity is a full-service U.S. solar developer and operator for homeowners, businesses and government organizations.
The Investment is structured as a disproportionate-allocation flip partnership in which Bank of America Merrill Lynch is the sole tax equity investor, while SolarCity holds the developer equity portion.
The partnership finances the SolarCity residential solar portfolio, Castello Solar, comprising solar PV systems located at various residential sites (rooftop and ground-mount) across 15 Project jurisdictions (Arizona, California, Colorado, Connecticut, Delaware, Washington DC, Hawaii, Maryland, Massachusetts, Nevada, New Jersey, New York, Oregon, Pennsylvania and Texas).
Estimated annual environmental benefits:
- Global Warming metric tons CO2e avoided: 33,000
- Water Use avoided (thousands of gallons): 874,000
- Non-hazardous waste avoided (metric tons): 400
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NRG Energy is one of the largest solar power developers in the country.
Bank of America Merrill Lynch committed up to $100MM of tax equity investment in the program, which is structured as a disproportionate-allocation flip partnership in which Bank of America Merrill Lynch is the sole tax equity investor while NRG Energy holds the developer equity portion.
The partnership will finance a residential solar portfolio composed of approximately 48.8MW of solar systems located on residential rooftops of private citizens’ homes in the states of Arizona, California, Colorado, Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania and Texas.
Estimated annual environmental benefits:
- Global Warming metric tons CO2e avoided: 33,000
- Water Use avoided (thousands of gallons): 888,000
- Non-hazardous waste avoided (metric tons): 400
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