Contact Information: Contact Kay Paumier Communications Plus 510-656-8512
Green Finance Model Cited as Key Factor in Awarding of Helsinki Carbon-Neutral Real Estate Project
| Source: Galley Eco Capital
SAN FRANCISCO, CA--(Marketwire - September 11, 2009) - The green finance model developed by the
sustainable finance consultancy Galley Eco Capital
(http://www.GalleyEcoCapital.com) was a primary factor in the unanimous
selection of the winning team for Helsinki's "Low2No" mixed-use development
design competition.
The competition jury cited the innovative funding model as a major reason
for choosing the team of Galley Eco Capital, Arup, Saurbruch Hutton and
Experientia to develop Jatkasaari into the first carbon-neutral district in
Finland. Sitra, the innovation agency of the Finnish government, selected
the multinational team out of 74 initial entries for its "C_life - City as
Living Factory of Ecology" project.
"This award recognizes the expert contributions of the other team members,"
said Lisa Michelle Galley, managing principal of Galley Eco Capital. "The
award also acknowledges the importance of a proper framework to help
governments, bankers and investors create maximum value through green
finance programs for sustainable development."
Sustainable Finance Model
Other team members devised the design, energy and consumer-behavioral
strategies for the green, mixed-use commercial and residential district in
Jatkasaari, a 220-acre island quarter of Helsinki.
Galley Eco Capital created a sustainable finance model, which would
integrate traditional and socially responsible capital sources and products
at the regional level. The green finance model suggested incentives to
achieve maximum effect in terms of emissions reduction, energy efficiency
and resource savings.
Galley Eco Capital started with a thorough analysis of Sitra's
environmental and socially responsible real estate objectives, the Finnish
climate-change agenda, and Finland's participation within the global
environmental finance markets. The company developed a suggested framework
to create a reliable pipeline of green mortgage, and environmental, energy
and carbon finance capital for Jatkasaari.
This framework would seamlessly integrate with the existing Finnish
financial network. This innovative market structure would monetize the
available sustainability benefits, and adequately fund the project
throughout construction and operation.
About Galley Eco Capital
Galley Eco Capital helps real estate and renewable-energy investors,
lenders and regional governments create maximum value with green finance
programs for sustainable development. The company's success includes
finance programs totaling $1 billion in North America and Europe as well as
more than $15 million in identified incentives. For more information about
the San Francisco-based company, visit http://www.GalleyEcoCapital.com,
call 415-655-6668 or e-mail info@GalleyEcoCapital.com.