@misc{6332,
  author = {Roger Clark},
  title = {Organizational Structure: The Sustainable Development Fund of Southeastern Pennsylvania},
  abstract = {<p>The Sustainable Development Fund (SDF) is a modest-sized fund operating in Pennsylvania with a mission to promote:</p><ol><li>the use of renewable energy and advanced clean energy technologies;</li><li>the use of energy conservation and energy efficiency; and</li><li>the start-up, attraction, expansion, and retention of sustainable energy businesses.</li></ol><p>SDF is known for its effective fund management and its innovative renewable energy program designs. A prerequisite to the development of innovative and effective programs is the creation of a strong organizational structure. This case focuses on three elements of the SDF{\textquoteright}s organizational structure that have been critical to its success.</p><p><strong>Innovative Features</strong></p><p>The three main organizational strengths of the SDF structure are:</p><ul><li>SDF{\textquoteright}s market-driven investment approach,</li><li>SDF{\textquoteright}s ability to avoid the politicization of funding decisions, and</li><li>SDF{\textquoteright}s capacity to raise additional capital.</li></ul><p>Two limitations, narrow geographic focus and modest initial funding, are also discussed.</p><p><strong>Results</strong></p><ul><li>As of May 2002, SDF had approved fifteen investments (primarily loans) totaling $7.3 million.</li><li>A small grant budget is also available for business planning, green building design assistance, start-up activities, and other special work; 22 grants totaling $448,000 have been approved by SDF as of May 2002.</li><li>SDF has successfully managed a production incentive auction for new wind power, has developed a buy-down program for solar photovoltaics that incorporates performance features, has managed an innovative offering of subordinated debt to a 9 MW wind project, and currently manages a $500,000 per year program to enhance green power awareness in the state.</li><li>SDF{\textquoteright}s strong organizational structure has been critical to these successes.</li></ul>},
  year = {2002},
  booktitle = {Case Studies of State Support for Renewable Energy},
  journal = {Case Studies of State Support for Renewable Energy},
  series = {Case Studies of State Support for Renewable Energy},
  pages = {6},
  month = {09/2002},
  institution = {LBNL},
  publisher = {LBNL},
  address = {Berkeley},
}