wppsef 021116 pa seb presentation-opt [read-only] · – opens fall 2016/ closes january 2017....
TRANSCRIPT
Discussion Points
• Who is WPPSEF– 15 years of operations
• Activity– Funding commitments– Project cycle: From commitment to completion
• Field tour of 4 projects (Audubon, Women-In-Need, Geisinger, and Elk Country)
• Emerging Efforts
Who We Are
• Mission elements– Clean power production
– Energy efficiency & conservation
– Three E’s• Economic development• Environmental betterment• Education & outreach
Power & Foresight
• Workshops & Field Tours - 2015– Geisinger Medical Center (June)– Energypath 2015 (July)– Phipps Conservatory & Botanical Gardens (August)– Keystone Solar (September)– The Pennsylvania State University (October)– Elk Country Visitor Center (October)
Project Funding Summary
• WPPSEF seeks to place funds in an entrepreneurial manner to meet its mission while ensuring funds are committed in a sustainable, cost-effective manner.
• Funding overview:– Loans: 30+, $25K-$2M, 4-6% rate, 3-5 year term, secured– Grantmaking: 100+, $500-$150k, primarily for non-profits– Strategic Initiatives: 3, $50k-$1M+, strategic focus needed
2015 Funding CommitmentsFunding
TypeNumber of
ProjectsFunding
CommitmentKey
Projects
Loans 1 $996,000 Energy Innovation Center
Grants/Sponsorships
20 $595,725
Vandergrift Borough, State College Borough, St. Vincent College, Wilson College, PA Biomass Energy Association, Westmoreland Community Action, Audubon Society of Western PA, Gregg Township, Eastern Westmoreland Career & Technology Center, Elliance, SEF, American Solar Energy Society, BTEC,ABC,AFREC,KEEA (2), Energy Sprout
TOTAL 21 $1,591,725
Project Cycle
• From Commitment to Completion– WPPSEF seeks out investment opportunities– WPPSEF works with applicants to understand need/
structure support to meet that need (technical & financial)– WPPSEF works with applicant throughout decision making
process– WPPSEF active partner once financing is approved– WPPSEF works to showcase project upon completion
Audubon Society of Western PA (2015)
Women-In-Need (2010 – 2014)
Women-In-Need (2015)
Geisinger Health System (2014)
Janet Weis Children’s Hospital (2015)
Janet Weis – Solar PV (2015 – 2016)
Keystone Elk Country Alliance (2012)
Keystone Elk Country Alliance (2013)
Keystone Elk Country Alliance (2014)
Keystone Elk Country Alliance (2014)
Keystone Elk Country Alliance (2014)
Keystone Elk Country Alliance (2015)
Visit Elk Country
Emerging Efforts• WPPSEF Request-for-Proposals
– Closed January 29, 2016– Nice pipeline of projects in due diligence phase (March)
• WPPSEF website refresh (mid-April 2016)– Nice video vignettes coming
• Energy Sprout (July 2016)• PennSEF (M-U-S-H, summer/fall 2016)• WPPSEF Request-for-Proposals
– Opens Fall 2016/ Closes January 2017