HASI recognizes the market opportunities available to develop its business based on the significant and growing need of capital investments necessary to meet rising energy and water usage. The company states, “Energy efficiency and clean energy projects either reduce or eliminate the demand for energy from traditional commodities, such as coal or various petroleum based fuels and we believe that projects such as these should become more valuable as commodity prices rise.” In an effort to meet the expansive market opportunities, HASI has partnered with energy service companies to finance hundreds of projects for federal, state, and local governments, as well as private institutions. For example, HASI financed the construction of a 3 megawatt solar project at the U.S. Coast Guard station in Puerto Rico that provides renewable energy equivalent to powering 3,000 homes. The company helped finance a biomass cogeneration facility at a U.S. Department of Energy site that reduces greenhouse gases by 100,000 tons per year.
Portfolio 21 believes HASI’s business model provides significant environmental benefits and we have asked the company to further demonstrate this through improved environmental accounting and reporting on the projects it finances.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 11/30/13 and may not reflect current opinions or subsequent events.