The Green Minute

“Information connecting you to the green economy”

Christopher M. Kimmes
Green Business Development/CA Commercial Banking/
City National Bank
(562)624-8670 chris.kimmes@cnb.com

LEGISLATION (tracker) - There are 100’s … here’s is my “hot list.”

• H.R.5297- Small Business Jobs and Credit Act of 2010
  
  Creates a $30 B small business lending fund and provide $12 B in tax breaks to help small businesses.
  
  
  
  
  
  (Explained) - http://www.whitehouse.gov/the-press-office/2010/09/27/background-small-business-bill-signing-today

• H.R.5156 - Clean Energy Technology Manufacturing and Export Assistance Act of 2010
  
  To provide for the establishment of a Clean Energy Technology Manufacturing and Export Assistance Fund to assist United States businesses with exporting clean energy technology products and services. $15mm annually
  
  
  
  

• H.R.4785 - Rural Energy Savings Program Act
  
  To authorize the Secretary of Agriculture to make loans to certain entities that agree that the funds will be used to make loans to consumers to implement energy efficiency measures involving structural improvements and investments in cost-effective,
  commercial off-the-shelf technologies to reduce energy use, and for other purposes. $160mm annually
  
  
  
  

NEWS – (Domestic)

Washington Metropolitan Area Transit Authority purchases 48 New Flyer diesel-electric hybrid buses, 80 paratransit vehicles and a new facility
which will provide a safe, reliable and sustainable level of service. http://www.fta.dot.gov/news/news_events_12008.html

Pegasus Capital Designing `Green Bank' to Fund Carbon Projects. http://www.bloomberg.com/news/2010-09-23/pegasus-helping-design-green-bank-to-fund-carbon-projects-tamminen-says.html

California agency sets 33% renewable energy standard. http://www.rechargenews.com/business_area/politics/article230535.ece?WT.mc_id=rechargenews_rss

New Propel customers find renewable fuel in Oakland. Propel to launch 75 stations across California. http://www.youtube.com/watch?v=SXpT3o8xfhw

NEWS – (International)

Asian Development Bank to Issue Clean Energy Bonds $2B/Year

France Announces Massive Investment in Cleantech. $1.75B/4 Years

http://blog.cleantechies.com/2010/08/24/france-announces-massive-investment-cleantech

Video: World's largest wind farm begins production

ITN NEWS

Cleantech VC Vantage Point launches $100 million fund in China

http://www.smartplanet.com/business/blog/smart-takes/cleantech-vc-vantagepoint-launches-100-million-fund-in-china/10798/

RESEARCH

2010 U.S. Smart Grid Vendor Ecosystem Report - (estimates $2.7B in product sales) on the companies and market dynamics shaping the current U.S. smart grid landscape -
http://info.cleantech.com/SmartGridVendorReport.html

U.S. Smart Grid Market to Reach - ($9.6 Billion by 2015)
http://www.gtmresearch.com/report/us-smart-grid-market-forecast-2010-2015

Global wind capacity to reach close to 200 GW (200 GW = 200,000 MW x $1-3mm/MW) this year
http://www.gwec.net/index.php?id=30&no_cache=1&tx_ttnews[tt_news]=269&tx_ttnews[backPid]=97&cHash=dfd3130798

Global Index Definitions

The S&P Global 1200 - the first real-time investable global index, offers investors efficient exposure to the world economy. Capturing approximately 70% of the world’s capital markets

The index includes 500 - leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities.

The S&P/TSX Composite - is the headline index for the Canadian equity market.

The NASDAQ OMX - Clean Edge Smart Grid Infrastructure Index is designed to act as a transparent and liquid benchmark for the smart grid and electric infrastructure sector. The Index includes companies that are primarily engaged and involved in electric grid; electric meters, devices, and networks; energy storage and management;
and enabling software used by the smart grid and electric infrastructure sector.

The DB NASDAQ OMX - Clean Tech Index is designed to track the performance of global clean technology companies. The Index includes securities of companies that are primarily engaged in the manufacturing, development, distribution, and/or installation of emerging clean technologies, as defined by DB Climate Change Advisors.

The NASDAQ Clean Edge Green Energy Index - is a modified market capitalization weighted index designed to track the performance of companies that are primarily manufacturers, developers, distributors and/or installers of clean energy technologies, as defined by Clean Edge.

The NASDAQ OMX - Green Economy Index is a market-capitalization weighted index designed to track the performance of companies across the spectrum of industries most closely associated with the economic model around sustainable development through every economic sector.

The Wilder NASDAQ OMX - Global Energy Efficient Transport Index (HAUL) is designed to define and track innovative, energy efficient transportation; specifically, businesses that stand to benefit substantially from a societal transition towards cleaner and improved means of moving goods and people.

3Q CleanTech Deal Flow

FUNDING NOTICES California Debt Limit Allocation Committee (CDLAC) will reallocate Qualified Energy Conservation Bond (QECB) $10,603,781 and Recovery Zone Facility Bond (RZFB) $372,405,488 on (November 17) http://www.treasurer.ca.gov/cdlac/news/allocation.pdf Energy Innovations Small Grant Program – energy and natural gas research programs $95,000 for hardware projects and $50,000 for modeling projects to small businesses, non-profits, individuals and academic institutions to conduct research that establishes the feasibility of new, innovative energy concepts. due Oct 21 http://www.energy.ca.gov/research/innovations/index.html Treasury announces special Financial Stabilization Initiative Investments of $570mm in 84 CDFI’s http://www.cdfifund.gov/docs/2010/tarp/FINAL%20CDCI-TARP%20Release%209-30-10.pdf Brownfields Cleanup Grants - http://www.epa.gov/oswer/docs/grants/epa-oswer-oblr-10-09-rev.pdf ; Brownfields Revolving Loan Fund (RLF) Grants - http://www.epa.gov/oswer/docs/grants/epa-oswer-oblr-10-10-rev.pdf ; Brownfields Assessment Grants - http://www.epa.gov/oswer/docs/grants/epa-oswer-oblr-10-09-rev.pdf $92mm total, due Oct 15th Trade Adjustment Assistance Center (TAA) offers 50/50 cost sharing - up to $75,000 (of projects aimed at improving a manufacturer's competitive position.) http://wesrac.usc.edu/wtaac/ The Energy for Sustainability Program (supports fundamental research and education that will enable innovative processes for the sustainable production of electricity and transportation fuels.) average individual grant $100,000 February 1, 2011 - March 3, 2011 http://www.nsf.gov/funding/pgm_summ.jsp?pims_id=501026 My purpose is to update you on the rapid developments behind the evolution of our green economy. My goal is to assist you with “connecting the dots” between international & domestic debt/equity sources, (angel, p/e, v/c, investment banks, fund, development banks) bond financing, innovative financial structures, various tax credit models, PPA’s, (power purchase agreements), grant, rebate and incentive based solicitations. I foresee aligning with you, not only as a new banking relationship, but rather a strategic partner with a personal goal of assisting you understand where you fit and how to navigate your way to success. Together, our ultimate goal is to build a more robust, sustainable, environmentally friendly, job creating, export driven, green economy.” Chris Kimmes