October 28, 2021

California community choice aggregators issue first ever clean energy bonds

Three community choice aggregators (CCAs) have demonstrated leadership in the municipal energy sector by undertaking innovative structured financings through CCCFA and supporting the expansion of clean energy in California. East Bay Community Energy Authority and Silicon Valley Energy Authority jointly issued over $1 billion of proceeds through CCCFA for the first and largest Green Bond, verified by Kestrel, issued for prepayment for carbon free electricity. Marin Clean Energy’s Series 2021A Bonds, also verified by Kestrel, were the first Green Bonds – Climate Bond Certified for a CCA. Marin Clean Energy’s solar power purchase agreements expand access and delivery of renewable energy.