|By PR Newswire||
|January 13, 2014 08:10 AM EST||
ANNAPOLIS, Md., Jan. 13, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong", "HASI" or the "Company;" NYSE: HASI), a leading provider of debt and equity for sustainable infrastructure projects, announced today that it will utilize the newly announced Green Bond Principles ("GBP") for its HASI Sustainable Yield Bonds™. "The guidance these principles provide to issuers and investors alike will be of great value," said Hannon Armstrong's President & CEO, Jeffrey Eckel. "We have followed the four main principles of the GBP in our recent $100 million asset-backed Sustainable Yield Bond™ ("HASI SYB"), putting special emphasis on the 4th principle by a first-of-its-kind reporting on greenhouse gas ("GHG") reductions per bond. Investors are increasingly interested in the environmental impact of their investments and we believe the GBP, combined with GHG metrics, represents a concrete step in that direction," said Eckel.
The GBP were announced with the support of Bank of America Corporation, Citigroup Inc., Credit Agricole CIB, JPMorgan Chase, BNP Paribas, Daiwa, Deutsche Bank, Goldman Sachs, HSBC, Mizuho, Morgan Stanley, Rabobank and SEB. In December 2013, Hannon Armstrong announced the placement of its HASI SYB 2013-1, which securitized the cash flows generated by over 100 individual wind, solar and energy efficiency installations. In addition, investors in HASI SYBs benefit from a quantitative assessment of the GHG impact of their investment, with an estimated annual GHG reduction of 0.61 metric tons per $1,000 bond.
HASI has financed over $4 billion of sustainable infrastructure projects primarily in the asset classes identified in the GBP and presently manages approximately $1.9 billion of sustainable infrastructure investments. "The next step in the reporting and disclosure process for all new issuances should be to include a defined metric of environmental impact, similar to what is provided by HASI SYBs," continued Eckel. "Increasing the level of transparency, disclosure and integrity of all bonds will give investors valuable information on GHG impact to ensure their investment goals are in line with their environmental goals."
About Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Hannon Armstrong makes debt and equity investments in sustainable infrastructure projects. We focus on profitable projects that increase energy efficiency, provide cleaner energy, positively impact the environment or make more efficient use of natural resources. Hannon Armstrong targets projects that have high credit quality obligors, fully contracted revenue streams and inherent economic value. Hannon Armstrong Sustainable Infrastructure Capital, Inc. based in Annapolis, MD, has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes beginning with the year ending December 31, 2013.
Forward Looking Statements
Some of the information contained in this press release are forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include the state of government legislation, regulation and policies that support energy efficiency, renewable energy and sustainable infrastructure projects and that enhance the economic feasibility of energy efficiency, renewable energy and sustainable infrastructure projects and the general market demands for such projects; market trends in the Company's industry, energy markets, commodity prices, interest rates, the debt and lending markets or the general economy; the Company's business and investment strategy; the Company's relationships with originators, investors, market intermediaries and professional advisers; competition from other providers of financing; the Company's ability to obtain and maintain financing arrangements on favorable terms, including securitizations; general volatility of the securities markets in which the Company participates; changes in the value of the Company's assets; interest rate and maturity mismatches between the Company's assets and any borrowings used to fund such assets; changes in interest rates and the market value of the Company's target assets; impact of and changes in governmental regulations, tax law and rates, accounting guidance and similar matters; estimates relating to the Company's ability to make distributions to its stockholders in the future; and other factors, including those discussed under the caption "Risk Factors" included in the Company's prospectus dated April 17, 2013 that was filed with the U.S. Securities and Exchange Commission under SEC Registration number 333-186711, as well as in other reports that the Company files with the SEC.
Forward-looking statements are based on estimates as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this earnings release.
The risks included here are not exhaustive. Additional factors could adversely affect the Company's business and financial performance. Moreover, the Company operates in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can the Company assess the impact of all such risk factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
The Company is providing this enclosed sustainability information for information purposes only. The information provided is based on internal company, customers and various third party sources. There is no standard system, procedures or estimates that applies across companies for qualifying products, services and solutions for environmental and climate protection, or for compiling and calculating the quantity of reduced carbon dioxide emissions attributable to such products, services and solutions. Accordingly, the estimates of annual carbon dioxide emissions are approximations and may not be comparable with similar information reported by other companies. The reduction of our customers' annual carbon dioxide emissions are derived from information gathering processes that are generally different from those applicable to the financial information presented in our Consolidated Financial Statements and are, in particular, subject to less sophisticated internal documentation as well as preparation and review requirements and the general internal control environment. We may change our policies and/or reporting disclosures for the reduction of our customers' annual carbon dioxide emissions in the future without previous notice.
SOURCE Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Tricky charts and visually deceptive graphs often make a case for the impact IT performance has on business. The debate isn't around the obvious; of course, IT performance metrics like website load time influence business metrics such as conversions and revenue. Rather, this presentation will explore various data analysis concepts to understand how, and how not to, assert such correlations. In his session at 20th Cloud Expo, Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Sys...
Feb. 26, 2017 09:45 AM EST Reads: 1,923
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Feb. 26, 2017 09:30 AM EST Reads: 1,425
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
Feb. 26, 2017 09:15 AM EST Reads: 5,401
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Feb. 26, 2017 09:15 AM EST Reads: 321
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Feb. 26, 2017 09:15 AM EST Reads: 1,497
Unsecured IoT devices were used to launch crippling DDOS attacks in October 2016, targeting services such as Twitter, Spotify, and GitHub. Subsequent testimony to Congress about potential attacks on office buildings, schools, and hospitals raised the possibility for the IoT to harm and even kill people. What should be done? Does the government need to intervene? This panel at @ThingExpo New York brings together leading IoT and security experts to discuss this very serious topic.
Feb. 26, 2017 09:15 AM EST Reads: 2,975
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Feb. 26, 2017 09:00 AM EST Reads: 6,076
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Feb. 26, 2017 08:45 AM EST Reads: 1,308
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 26, 2017 08:45 AM EST Reads: 2,205
Feb. 26, 2017 08:30 AM EST Reads: 8,127
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his general session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore...
Feb. 26, 2017 08:30 AM EST Reads: 1,619
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
Feb. 26, 2017 08:00 AM EST Reads: 6,830
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
Feb. 26, 2017 06:00 AM EST Reads: 4,358
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Feb. 26, 2017 06:00 AM EST Reads: 6,331
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Feb. 26, 2017 06:00 AM EST Reads: 5,831