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Name: Hannon Armstrong Multi-Asset Infrastructure Trust (“Hannie Mae”)
Funding Mechanism: Energy Conservation Fund
Duration: 2000 – present
Objectives: To offer funds to both Public and Private sector for energy conservation, generation, paid from savings, performance and renewable contracts
Sponsors: Hannie Mae, a private sector fund
Eligible Sectors: Both Public and Private markets
Eligible Projects/Technologies: Lighting retrofits, HVAC equipment, heat recovery systems, load management devices, energy management systems, power generation, electrical distribution equipment, alternative/renewable energy systems, boiler and central plant improvements and other retrofits, demand or rate based measures and power purchase agreements.
Fund Endowment: US$ Unlimited
Terms: Non-recourse 100% financing upon acceptance of Energy Conservation Project (“ECP”)
Funding Instrument: Sale - purchase of receivables and ECP assets
Interest Rates: Average Life Treasury Note plus a spread
Payback: Up to 25 years
Size: No maximum amount
Collateral: Assignment of receivables and title and rights to ECP assets
Share of investment in project costs: 100%
Fund Criteria: Energy conservation, generation, paid from savings, performance and renewable contracts
Contact Information: Polly Gibbons-Neff: pneff@hannonarmstrong.com
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