Washington State backs P3 for energy

Washington state lawmakers have passed a bill to utilize P3 for energy retrofit projects.

House Bill 1777 has been passed, which will open up opportunities for private investors to provide green energy solutions to public facilities such as schools.

"This bill allows energy saving projects to be funded by private entities when the building owner does not have the capital, up front to fund the project," Representative Joel McEntire - who sponsored the legislation - told local publication The Chronicle.

Public entities will be able to contract for energy retrofit projects, repaying the cost over the long term out of the savings made in energy costs.

Public buildings are recognized as a significant source of carbon emissions and there is a growing drive to improve their energy performance.