Source: Office of Mayor Muriel Bowser
(WASHINGTON, DC) – Today, Mayor Bowser and DC United announced a $25 million private clean energy financing deal for the installation of state-of-the-art energy and water efficiency measures, an 884 KW solar array, and stormwater retention systems at DC United’s 20,000-seat Audi Field soccer stadium. The measures are being funded through the Department of Energy and Environment’s Property Assessed Clean Energy (DC PACE) program, DC’s innovative green financing solution, which operates through a public-private partnership, allowing local lenders to fund environmentally beneficial projects at no cost to taxpayers. This deal, done through a relationship with locally-based EagleBank, marks the nation’s largest single PACE note issued to date, and the first issued for a stadium project.
“We know that cities throughout the U.S. will be leading the fight against climate change, and this deal is an example of how Washington, DC can think globally while acting locally,” said Mayor Bowser who recently signed an executive order committing DC to meet the goals of the Paris Climate Accord. “This deal will not only allow us to green Audi Field, it will also create new opportunities for local businesses and high-quality green jobs for DC residents.”read more