EBC/US EPA/DEP/DOER/CEC Program: Project Financing Strategies for Developing Renewable Energy on Contaminated Properties in Massachusetts
Hundreds of former commercial and industrial properties across Massachusetts lie abandoned and/or underutilized out of concern for potential contamination and associated liabilities. Some of these sites represent great opportunities for the appropriate siting of renewable energy such as solar PV and wind. Both the United States Environmental Protection Agency (U.S. EPA*) and the Massachusetts Department of Environmental Protection (MassDEP) recognize that tremendous opportunities exist on properties whose greatest reuse option could be development of a renewable energy resource.
Since 2008, the RE-Powering America’s Land Initiative of the U.S. EPA has been encouraging renewable energy development on current and formerly contaminated properties by providing information and resources to interested parties. With the launch of the Clean Energy Results Program (CERP) in 2011, the MassDEP, the Massachusetts Department of Energy Resources (MassDOER), and Massachusetts Clean Energy Center (MassCEC) have been combining efforts to advance Massachusetts’ clean energy goals of promoting energy efficiency and renewable energy generation. Using contaminated properties to their full potential is of key importance to all involved agencies.
This joint program of the EBC, the U.S. EPA and the three Massachusetts agencies will explain the connection between contaminated properties and the favorable renewable energy development opportunities that exist in Massachusetts as they relate to project financing. Representatives of MassDOER and MassCEC will discuss the current renewable energy landscape in Massachusetts and the financing options available, respectively. The technical and legal considerations of a project will be presented as well as the financial management considerations of a project. Finally, there will be a discussion of market trends that may impact project financing.
Presented by the U.S. Environmental Protection Agency*, the Environmental Business Council of New England, the Massachusetts Department of Environmental Protection, the Massachusetts Department of Energy Resources and the Massachusetts Clean Energy Center.
*Disclaimer: No endorsement of EBC general policies and activities by the EPA is intended or implied.
Co-Hosted by the New England Clean Energy Council (NECEC).
Chief, Clean Energy Development Coordinator
Massachusetts Department of Environmental Protection
Commissioner, Massachusetts Department of Environmental Protection
Deputy Regional Administrator, U.S. Environmental Protection Agency
- Stephen Barrett, Director of Clean Energy , HMMH
- Dwayne Breger, Director, Renewable and Alternative Energy Development Division, MassDOER
- Andy Brydges, Senior Director, Renewable Energy Generation, MassCEC
- Patrick Dowdall, Global Renewable Solutions
- James Duffy, Partner, Nixon Peabody LLP
- Aidan Foley, Senior Director, BlueWave Capital
- John Hanselman, Managing Principal, RENOVA Partners LLC
- Phil Messina, Principal, ArcLight Capital
- David O’Connor, Senior Vice President for Energy and Clean Technology, ML Strategies
- Pete Pederson, Managing Principal, RENOVA Partners, LLC
- Lee S. Sharp, Associate, Brown Rudnick LLP
- John Wadsworth, Partner, Brown Rudnick LLP
The electricity for this EBC event has been matched with 100% local wind power through New England Wind, a program of Mass Energy Consumers Alliance. You can green your electricity too! Visit www.massenergy.org.