City of Richmond Closes First C-PACE Loan

The former Dominion Energy Tower in Richmond is undergoing a complete makeover due in part to high performance improvements furnished through a $38 million C-PACE loan. The loan will provide total energy savings of $3.3M and will create over 500 jobs.

Located in the heart of downtown Richmond, this project is a conversion of the Tower to a hotel, multi-family housing and a restaurant. Exterior LED lighting, low flow plumbing and energy efficient
HVAC systems are being installed in both structures to upgrade the building originally constructed in the 1970s.

See the press release here.

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