RENEW is an energy efficiency/clean on-site energy finance and development firm serving the retrofit market for commercial and industrial (“C&I”) buildings. RENEW finances, develops and owns or manages improvements to existing C&I buildings to optimize their energy performance. RENEW finances and owns the projects using an energy services agreement (ESA) with the building owner, which is analogous to a power purchase agreement (PPA). Alternatively, RENEW finances, but does not own, a project using a voluntary Property-Assessed Clean Energy (PACE) loan agreement with the building owner, resulting in a voluntary benefit assessment secured by a tax lien on the property.
RENEW provides investors with a competitive return and with quantifiable and measurable carbon emissions reduction impacts, job creation impacts and energy savings impacts. RENEW uses IRIS as the basis for its Impact reporting at the project and portfolio level.