Energy
"By providing access to low-cost capital, IFA can help spur private investment in clean-coal and renewable fuel technologies, encourage energy efficiency, strengthen Illinois agriculture and manufacturing, and, most importantly, create jobs for more people."
Illinois is uniquely positioned to lead the nation toward its goal of energy independence – while being environmentally responsible.
Energy Initiative Documents
Latest News
Clean Coal & Energy Bonds
$1.7 billion in Clean Coal and Energy Bonds have been authorized by the Illinois legislature for new electric generation and gasification facilities in Illinois. Credit enhancement via the Stateӳ Moral Obligation provides reduced-rate access to capital for qualifying facilities fueled by Illinois coal.
Energy Efficiency
Going green? Learn how HVAC and other capital/fixed asset projects that
conserve energy and improve efficiency can be financed with IFA.
Learn more...
Financing Critical Infrastructure
IFA can help lower the cost of financing municipal infrastructure projects that may be required to support energy initiatives.
Learn about financing options for water, sewer, fire protection and
other infrastructure upgrades.
Click here...
Supply-Chain Support - Building Illinois' Manufacturing Capacity
Hundreds of Illinois businesses are suppliers to the energy industry.
Manufacturing upgrades and plant expansions may qualify for low-interest
rate industrial revenue bonds and other IFA programs for businesses and
industry.
Learn more...
Growing Renewable Agricultural Feedstock
Illinois growers and producers are essential partners in the renewable fuels/energy equation.
Learn more about IFA Ag financing programs.
Click here...
Illinois Power Agency Bonds
The Illinois Power Agency was created in August 2007. Up to $4 billion in Illinois Power Agency Bonds were authorized for eligible clean coal and renewable resource projects with IFA as the issuer. The IFA continues to work with Illinois Power Agency leadership to develop a program to most effectively utilize this important State resource.
Energy Financings Around the State
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Blackhawk Biofuels, Danville
$15,000,000 loan guarantee
To construct a new biodiesel plant. This 45MG facility is one of the few plants
nationwide to have the ability to produce biodiesel from animal fats as well
as soybean oil.
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Prairie Power
$51,200,000 solid waste disposal facilities revenue bonds
To finance pollution control facilities at Prairie State Energy Campus, Lively
Grove Township. This new power plant is planned to be among the nation's cleanest
coal-fueled plants and to deliver low-cost energy to more than 1.7 million families,
create 270 full-time jobs and 1,200 construction jobs, and fuel business growth
throughout the Midwest.
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Illinois River Energy, Rochelle
$30,000,000 solid waste disposal
facilities revenue bondsFor an ethanol plant expansion and related pollution
control facilities.
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Agriwind, LLC, Tiskilwa
$2,000,000 participation loan
For a wind turbine installation.
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Overton Gear Corporation, Addison
$7,000,000 industrial revenue bond
To upgrade manufacturing capacity for this supplier to the energy industry.
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Chicago Gear, Chicago
$5,300,000 industrial revenue bond
For a plant expansion for this supplier to the energy industry.
Your IFA Energy Team
$15,000,000 loan guarantee
$51,200,000 solid waste disposal facilities revenue bonds
$30,000,000 solid waste disposal facilities revenue bonds
$2,000,000 participation loan
$7,000,000 industrial revenue bond
$5,300,000 industrial revenue bond
IFA offers broad expertise in a range of energy market segments and their related financing structures, including clean coal, syngas, biodiesel, ethanol, wind, biomass, and other energy projects. IFA works closely with other agencies and partners to identify critical market needs and assists with client projects where affordable access to capital makes the difference in financial feasibility.
Have a question? Send an email to the Energy Team
