Green bonds

Construction problems and cost overruns for a bond-backed project pushed the company into a pre-negotiated Chapter 11 bankruptcy. 

The Metropolitan Atlanta Rapid Transit Authority will issue $475 million in green sales tax revenue bonds for capital projects and refunding.

The Massachusetts Clean Water Trust has seen higher demand from local utilities for loans because of climate change threats and clean water regulations. 

Enviva's bankruptcy is the latest Chapter 11 bankruptcy where green private activity bonds are restructured to near zero.

Kevin Bain, formerly director of strategy for the city of Detroit, has joined Public Sector Consultants as a senior strategist for climate and project finance.

The projects funded by the deal align with the city of Alexandria's goal to reduce community-wide greenhouse gas emissions 50% by 2030.

The Ohio Water Development Authority planned to sell $400 million of new money bonds in addition to a refunding driven by a tender offer.

Prince George's County Public Schools in Maryland is leveraging the P3 process to build eight new schools while issuing $663 million of taxable bonds.

The New Terminal One project was able to flex its construction progress, which the P3 backers say may have encouraged investors in a deal upsized by $1 billion.

To meet the ambitious goals of the Environmental Protection Agency's Greenhouse Gas Reduction Fund, innovative financing models can be adapted from established municipal finance systems.