Bank of America Public Capital Corp (BAPCC) Energy Services provided $4.8MM lease financing for Energy Conservation Measures (ECMs) for Lake Region State College (LRSC) to be installed under a Guaranteed Savings Energy Services Agreement with an Energy Services Company. LRSC is a two-year state-run institution of higher education located in Devils Lake, North Dakota. The ECMs include a 1.6MW wind turbine, a gas boiler, a central station pumping upgrade, and various other energy efficiency improvements for the LRSC campus. In addition to reducing utility costs, the wind turbine will be utilized as a hands-on education tool for students enrolled in LRSC’s Wind Energy Technician program – the only such program in the State of North Dakota. The college expects to generate nearly $6.7MM in savings over the 15-year term of the financing.
Conserving energy and providing job training in North Dakota