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Renewable Energy Project Financing

The Illinois Finance Authority may establish reserve funds to enhance bonds for renewable energy projects. As outlined in the Illinois Compiled Statutes section 3501/825-65, these bonds should not exceed $3 billion. Eligible renewable energy resources are defined in Section 1-10 of the Illinois Power Agency Act and include renewable fuels that result in reduced greenhouse gas emissions.

Policy Type:

Sustainable Finance

Sources:

https://www.ilga.gov/legislation/ilcs/ilcs5.asp?ActID=2442&ChapterID=5

Technologies:

Biogas, Biomass, Geothermal, Green Hydrogen, Landfill Gas, Renewable Electrification, Renewable Natural Gas/Biomethane, Solar Thermal, Thermal Storage

Sunset Date:

Date Updated:

01/27/2023

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The Renewable Thermal Collaborative (RTC) is the global coalition for companies, institutions, and governments committed to scaling up renewable heating and cooling at their facilities, dramatically cutting carbon emissions. 

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