Clean Power Alliance Recognized for Renewable Energy Financing Excellence [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
in history bringing record customer savings; CPA bond program reaches $34 million in annual customer savings Los Angeles, California, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Clean Power Alliance (CPA), California's largest Community Choice Aggregator and the leading green power provider in the United States, has been honored with the ESG/Green Financing Award from The Bond Buyer magazine for excellence in financing for a public purpose. The magazine's annual Deal of the Year Award in the green financing category lauded CPA's $1.52 billion clean energy project revenue bond transaction issued in August 2024. The Bond Buyer noted that as the largest renewable energy prepayment financing in history, the transaction secured 30 years of solar and storage, enabling CPA to serve more than 225,000 homes annually with clean energy at reduced costs. The bond structure achieved record customer savings and demonstrated how large-scale green financing can make a lasting environmental and economic imp
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