Roger Davis Discusses Property Assessed Clean Energy Program

Daily Journal

Roger Davis, Chair of Orrick’s Public Finance Department, recently spoke with the Daily Journal about Property Assessed Clean Energy, a program aimed at funding renewable energy and efficiency projects for homes via financing provided by local governments.

"There's been an explosive amount of attention and interest in the area by originators, by sources of capital and by investors, including hedge funds," said Mr. Davis, who is currently working with local governments and PACE program administrators to launch programs in California as well as New Jersey and Florida. He added, "Six to nine months from now, I expect we'll see a number of securitizations and we'll see a steady and increasing flow as more and more states get into this and more and more loans are originated.”