University of New England

ArialBiddeford

UNE Green Revolving Fund

The University of New England Green Revolving Fund (GRF) is an investment fund that finances energy efficiency projects on campus to reduce energy consumption and consequently carbon emissions. Some of the captured utility savings are reinvested for use in future efficiency projects. The fund provides capital for special projects conducted by Facilities Management that reduce environmental impact and can repay the fund with cost-savings within five years. Project criteria also include quantifiable improvement in the environmental sustainability of UNE and educational benefit. Growth of the loan fund is accomplished through utility rebates and incentives, donations, and savings from grant funded projects. Oversight of the fund and project approval is the responsibility of the Carbon Monitoring Task Force and the Vice President for Operations.

Location

Biddeford, Maine

Green Revolving
Fund Size

$326,000 Committed

Established

August 2015

Liaison

Alethea Cariddi
Sustainability Coordinator