Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Reinvestment Fund backs solar project for Philadelphia Navy Yard



Reinvestment Fund, a Philadelphia-based community-development finance institution (and GSG Honors awardee), is providing $1.1 million in debt to construct a two-phase rooftop-solar project at Philadelphia’s Navy Yard.

It’s being touted as the first community solar project in Pennsylvania, and one of only 25 in the U.S.

The former navel base and shipyard turned business park in South Philly is home to more than 150 companies and the workplace of more than 12,000 people.

Power generated from the installation will feed into the Navy Yard’s existing microgrid and be used to power businesses based on the1,200 acre site. The first phase, for 440 kilowatts, is under construction and is expected to supply 0.5% of the Navy Yard’s energy demand; the second 310-kilowatt installation is planned for 2018.

Reinvestment Fund is issuing loans via its Sustainable Development Fund to SolarSense, the project’s developer.

You might also like...