R.I. Infrastructure Bank Issues First Public Market Green Bond

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R.I. Infrastructure Bank Issues First Public Market Green Bond

Bonds will finance projects including wind and solar
The Rhode Island Infrastructure Bank closed on its inaugural public-market Green Bond issuance for the Efficient Buildings Fund (EBF) program this week.

“Rhode Island has been a leader investing in clean energy to protect our vulnerable coastline and infrastructure against the effects of climate change. I applaud the Infrastructure Bank for using all available tools to increase investment in energy efficiency and clean energy projects within the public and private sectors,” said Governor Gina Raimondo.

The Bank’s inaugural $18.3 million bond was given a top rating of “AA” by Standard and Poor’s (S&P).

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The EBF Green Bond also received the highest green rating of “E1,” through a third-party, independent evaluation by S&P.

Efficient Buildings Fund

The Efficient Buildings Fund provides below-market interest rate loans to municipalities, school districts and quasi-state entities to invest in clean energy projects.

Since 2016, EBF has reduced energy and maintenance costs for municipalities by approximately $66 million dollars through investments in onshore wind, solar, LED lighting and highly efficient heating and cooling improvements.


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