Updated March 3 at 5:03pm

Mass. agency provides $2M for energy efficiency

BOSTON – MassDevelopment, the state’s finance and development agency, is providing $2 million in financing to Mass College Green, a pilot program designed to speed up adoption of energy-efficiency measures by independent colleges in Massachusetts. More

To continue reading this article, please do one of the following.



Sign up to receive Providence Business News' newsletters
and breaking news alerts.  

education

Mass. agency provides $2M for energy efficiency

Posted:

BOSTON – MassDevelopment, the state’s finance and development agency, is providing $2 million in financing to Mass College Green, a pilot program designed to speed up adoption of energy-efficiency measures by independent colleges in Massachusetts.

Using an innovative financing model developed by GreenerU Inc., MassDevelopment’s investment will support energy-efficiency upgrades for members of the Association of Independent Colleges and Universities in Massachusetts.

“The savings generated from these initial projects will kick-start deeper energy-efficiency investment and allow the campuses to achieve even greater reductions in utility costs,” said MassDevelopment President and CEO Marty Jones.

During the five-year contract term, schools pay only for delivered energy efficiency. Schools do not pay for equipment or installation, so they bear no risk of a project underperforming. •

28~23, 090913 EDUCATION News Briefs, higher education, higher education, education, government, economic development¸ Mass College Green, MassDevelopment, 28~23, issue090913export.pbn

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News