Mount Holyoke College Shifts to Geothermal Energy with New Funds

Editorial: $155M for Mount Holyoke could build a lot of affordable housing

People aren't leaving Massachusetts because Mount Holyoke isn't caught up on geothermal energy use. They're leaving, or deciding not to move here, in large part because the state is woefully short of affordable housing.

Mount Holyoke College shifts to geothermal energy with new funds

SOUTH HADLEY, Mass. (WWLP) - MassDevelopment has issued a $154,750,000 tax-exempt bond to support Mount Holyoke College's campus improvements, focusing on accessibility and sustainability. The bond proceeds will fund significant projects at Mount Holyoke College (MHC), including the continuation of its transition to geothermal energy and renovations of residence halls. The college plans to drill geothermal exchange wells and purchase heat pumps,…

Mount Holyoke College secures $155M tax-exempt bond

The bond, issued by MassDevelopment, will pay for geothermal energy, renovations to its residence halls and key academic buildings, as well as refinance previously issued debt.

$155M Bond Will Support Renewal Plan at Mount Holyoke College

MassDevelopment has issued a $154,750,000 tax-exempt bond on behalf of The Trustees of Mount Holyoke College to support the college’s campus renewal plan. The tax-exempt bond, purchased by TD Bank, helped the borrower achieve a lower cost of capital. The college’s geothermal exchange project, already in progress, includes the drilling of geothermal exchange wells and the purchase of heat pumps and related energy equipment. The institution will a…