Diocesan Fiscal Management Conference newsletter features Catholic Energies project portfolio

Diocesan Fiscal Management Conference (DFMC) features the Diocese of Richmond’s initiative to go solar, empowered by Catholic Energies.

“‘Because a diocese has so many properties, we can leverage that scale,’ adds Page Gravely, who began working with Mike [Michael McGee, CFO for the Diocese of Richmond] in 2018. ‘We can negotiate lower engineering, procurement and construction costs from local solar contractors, and we can secure investment capital even for very small projects.’ Stand-alone small projects under 100kW in size can be very difficult to secure capital for; however, when included in a group of diocesan projects, securing larger scale capital is easier and small projects get built. This model was recognized by Solar Builder magazine, naming the Diocese of Richmond the 2020 ‘C&I Rooftop Solar Project of the Year.’”

Read the full story on page 6 of the winter 2021 Herald Newsletter here.