Community Choice Finance Authority Issues Over $1 Billion in Green Bonds to Finance Renewable Energy
PARA PUBLICACIÓN INMEDIATA
June 24, 2025
Contacto de prensa:
Jackie Nuñez | Senior Bilingual Communications Manager
(925) 695-2124 | comunicaciones@mceCleanEnergy.org
SAN RAFAEL y CONCORD, California — In its third transaction, MCE, in partnership with the California Community Choice Financing Authority (CCCFA), issued over $1 billion in green bonds on June 18, 2025.
The bonds will finance 775,000 megawatt-hours of renewable energy annually, enough to power 105,000 homes each year for the next 10 years.
“With this effective financing tool, we’ll provide about $65 million in gross savings to MCE customers over the next ten years. By paying for energy upfront, we reduce costs for our customers by about 11%. It means more renewable electricity at stable and competitive rates, reduced pollution, and healthier communities.
These tax-exempt green bonds will:
- Prepay four of MCE’s long-term renewable energy power purchase agreements
- Save 11% on prepaid energy for the first 10 years, with future savings subject to market conditions
- Provide nearly $7 million in upfront savings in the 2025/2026 fiscal year and approximately $6.4 million annually for the next nine years
- Support competitive rates for MCE customers and reinvestment in local clean energy projects
Since 2021, MCE has completed three prepay transactions to purchase renewable energy at lower costs, all of which have realized at least 10% in cost savings for its customers.
As a not-for-profit, MCE partners with CCCFA to issue tax-exempt bonds to prepay for energy from diverse renewable sources, including solar, wind, and geothermal. The creative funding approach for clean energy projects uses financing tools previously used primarily for polluting fossil fuel projects.
With this latest transaction, MCE and CCCFA continue to lead the way with innovative financing to fast-track California’s clean energy transition.
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Acerca de MCE: MCE es una agencia pública sin fines de lucro y el proveedor de electricidad preferido por más de 585,000 clientes y 1.5 millones de residentes y empresas en los condados de Contra Costa, Marin, Napa y Solano. Marcando la pauta en energía limpia en California desde 2010, MCE lidera con energía renovable 60-100%, libre de combustibles fósiles y tarifas estables, abasteciendo una carga máxima de 1400 MW, reduciendo significativamente las emisiones de gases de efecto invernadero y reinvirtiendo millones en programas locales. Para más información sobre MCE, visite mceCleanEnergy.orgo síganos en su plataforma social preferida @mceCleanEnergy.
About California Community Choice Financing Authority (CCCFA): CCCFA was established in 2021 with the goal to reduce the cost of power purchases for member community choice aggregators (CCAs) through pre-payment structures. The founding members of CCCFA include Central Coast Community Energy, Clean Power Alliance, Ava Community Energy (formerly East Bay Community Energy), Marin Clean Energy, and Silicon Valley Clean Energy. CCCFA is a Joint Powers Authority which can help member CCAs save up to 10% or more on power purchase agreements, helping reduce costs for ratepayers and increase available funding for local programs. CCCFA has issued over $18 billion in tax-exempt prepayment revenue bonds for its member CCAs saving over $100 million/year in the cost of renewable energy. Learn more at www.cccfa.org/.
