Author: John Farrell            Published: 2/15/2021        ILSR’s

Join the 30 Million Solar Campaign Launch on Feb. 17th..

 

 

Last week, we released a hopeful story of new renewable energy financing — a community bank in Iowa launches a new online branch, Greenpenny, that exclusively uses customer deposits to finance new solar, energy storage, energy efficiency, and other clean energy options. It’s no surprise to see, given that the bank has already been a key player in the incredible success of the Winneshiek Energy District (a rural Iowa county with more solar per capita than any U.S. metro area other than Honolulu) — we’ve got a podcast on that, too!

Also, securitization policy is on the move around the country, with an aim of letting utilities  refinance power plants to lower the cost of closing coal (and other) power plants. But will it let utility management and shareholders off the hook? We offered brief testimony to the Minnesota legislature on securitization, highlighting a new report from Clean Energy Action in Colorado that suggests utilities should have to pay for bad decisions (for a basic overview of securitization, see ILSR’s 2019 securitization post).

Keep your energy local,
John

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