Green Building Products

$1 billion university energy efficiency building fund launched

Thirty-two universities have committed $65 million to a new energy efficiency financing initiative called Billion Dollar Green Challenge. The fund aims to get colleges, universities and other nonprofits to invest a total of $1 billion in self-managed funds to be used to finance energy efficiency upgrades. A portion of the returns from these projects will then reinvested in the fund and used for future green projects.
Oct. 26, 2011

Thirty-two universities have committed $65 million to a new energy efficiency financing initiative called Billion Dollar Green Challenge. The fund aims to get colleges, universities and other nonprofits to invest a total of $1 billion in self-managed funds to be used to finance energy efficiency upgrades. A portion of the returns from these projects will then reinvested in the fund and used for future green projects.
(http://www.environmentalleader.com/2011/10/13/1bn-university-green-endowment-plan-launched/)

About the Author

Drew Ballensky

Drew Ballensky is general manager of Duro-Last Roofing, Inc.’s central U.S. facility in Iowa and company spokesman for Duro-Last’s cool roofing, sustainability and architectural education programs. He is past-president of the Chemical Fabrics and Film Association and chairman of CFFA’s Vinyl Roofing Division. Drew earned his bachelor’s degree in industrial technology from the University of Northern Iowa and master’s degree in business administration from Florida State University. Drew has over 29 years experience in business and industry in various engineering and managerial capacities. He has worked in the U.S. and Canadian operations for a major international manufacturer of pre-engineered steel buildings, was a financial analyst with a major athletic apparel manufacturer and was an owner of a general contracting company.
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