NCB Launches New Program to Finance Solar-Energy Systems
Washington, DC—NCB, a financial-services company, launched a new financing program dedicated to arranging innovative loan packages for customers installing solar-energy systems nationwide. The newly formed Renewable Energy Department at NCB has been fielding calls from companies and government organizations where energy-saving projects have become a top priority.
In the last six months, NCB’s Renewable Energy Department has funded more than $46.4 million in financing, for such notable projects as Denver International Airport, Macy’s Corp., The Belmar Center in Lakewood, Colo., and the Colorado Convention Center.
The success of the program is evidenced in the $11 million financing package NCB arranged for renewable-energy supplier MMA Renewable Ventures, to build a 2-megawatt solar project at Denver International Airport. The large-scale photovoltaic solar project is expected to generate 3.3 million kilowatt-hours of clean electricity per year for the airport, helping reduce its electricity consumption from the grid. The project developer, MMA, approached NCB for the financing because of the bank’s reputation for creative and tailored loan packages based on its clients’ needs.