San Diego — Gov. Jerry Brown recently signed Assembly Bill 2693 which improves the administration of Property Assessed Clean Energy (PACE) — a popular green finance program that has helped bring to life thousands of improvement projects in our region.
Moody's Investors Service has assigned a Green Bond Assessment of GB1 (Excellent) to the GoodGreen 2016-1 Trust Series 2016-1 Class A Notes and Series 2016-1 Class B Notes, expected to mature in October 2052. A total of $184.5 million will be issued in the form of $179.5 million in Class A Notes and $5 million in Class B Notes.
The debate over cap and trade and Senate Bill 32 this year overshadowed a significant environmental policy accomplishment that Gov. Jerry Brown can add to his climate-change legacy.
Ygrene was selected by Riverside city officials to provide greater choice in PACE financing options as drought continues to challenge the city's water supply.
Ygrene Energy Fund is planning a securitisation before year-end that will offer a unique pool of PACE assets. At the same time, the company has begun building out a team of new recruits to facilitate its long-term securitisation plans.
A 25-year veteran of financial, accounting and capital markets, Chan leads Ygrene Energy Fund's financial team in raising and securitizing capital, and plays a central role in the company's relationships with banks, investors, and rating agencies
