The information contained in this database (“Information”) has been compiled by the Green Bank Network Secretariat from publicly available information, and specific pieces of information are not necessarily approved by Green Bank Network Members. The information is for informational purposes only and must only be used for non-commercial purposes.  All other use and all copying, disclosure or reproduction of the Information or any part of it is prohibited (except to the extent permitted by law).

Neither the Green Bank Network nor any of its members makes any representation as to the accuracy, quality, completeness or fitness for purpose of any information contained herein and the Green Bank Network and each of its members disclaim all responsibility and liability for the Information (including, without limitation, liability for fault, negligence or negligent misstatement).

The GBN member investment figures in the transaction descriptions refer to committed funds at the time of transaction close and are not necessarily indicative of capital deployed. All transaction-level investment figures and other details are based on the best available information and estimates made at the time of transaction closing.

The taxonomy for Risk Mitigants used to describe the private sector engagement activities for each transaction are adapted from the Organisation for Economic Cooperation and Development’s report, Green Investment Banks: Scaling up Private Investment in Low-carbon, Climate-resilient Infrastructure. This taxonomy is used to generalize types of activities across GBN members and may not be reflective of the language individual institutions use to describe their investments, which can be found in their own media.

Some of the transactions may have been updated on GBN member websites but not yet in this listing, so please refer to member websites for the most up-to-date information. Note that individual institutions may have a document detailing a Summary of Revisions to transaction descriptions on their websites.

With questions regarding this transaction list, please contact [email protected].

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CT Green Bank | August 2023 | CT, USA
Residential  | Renewable Power, Solar | Debt Investment | Co-investment | View on Member website

CGB partnered with ImpactAssets – an impact investing trailblazer, and Inclusive Prosperity Capital, to provide a US$12 million loan to PosiGen, a high-impact residential solar and energy efficiency providers focused on low-and moderate-income communities. With this financing, PosiGen will deploy thousands of residential solar energy systems paired with energy efficiency upgrades in low- and moderate-income communities, reducing energy burdens for those customers while contributing critical progress toward decarbonization.

Last Updated: 12/21/2023
Rhode Island Infrastructure Bank | December 2023 | Rhode Island, USA
MUSH  | Drinking/Waste Water Management | Debt Investment | Demonstration | View on Member website

Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has closed on a $2,000,000 loan to the that will allow the Town of Portsmouth to continue making 0% interest loans to qualifying homeowners to repair or replace failing septic systems and cesspools. The loan is being made through the Infrastructure Bank’s Community Septic System Loan Program.

Last Updated: 12/21/2023
Rhode Island Infrastructure Bank | November 2023 | Rhode Island, USA
MUSH  | Drinking/Waste Water Management | Debt Investment | Demonstration | View on Member website

Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has closed on a $600,000 loan to the Town of Tiverton that will allow the community to continue making 0% interest loans to qualifying homeowners to repair or replace failing septic systems and cesspools. The loan is being made through the Infrastructure Bank’s Community Septic System Loan Program.

Last Updated: 12/21/2023
Rhode Island Infrastructure Bank | October 2023 | Rhode Island, USA
C&I  | Renewable Power, Solar | Debt Investment | Financing through tax payments | View on Member website

Rhode Island Infrastructure Bank (Infrastructure Bank) today announced $483,000 in Commercial Property Assessed Clean Energy (C-PACE) program financing for a new rooftop solar installation at Fulford Manufacturing’s facility in East Providence. The Infrastructure Bank also welcomes BankRI to the C-PACE program and congratulates them on funding their first project in the state.

Fulford Manufacturing’s rooftop solar installation will generate an estimated 155,885 kWh, and by utilizing net metering will greatly reduce their annual electricity costs. The cost of the system will be offset by a combination of federal, state, and other incentives that will provide a total net income of $391,335 by the end of the 25-year C-PACE loan term.

Last Updated: 12/21/2023
New Zealand Green Investment Finance | September 2023 | New Zealand, USA
C&I, Residential, Utility  | Renewable Power, Solar | Debt Investment | Aggregation, Co-investment, Securitization, Warehousing | View on Member website

NZGIF has led a NZ$170 million (US$ 105.8 million) capital raise to launch a newly created NZGIF Solar Finance program. NZGIF attracted NZ$90 million (US$ 50 million) of private capital from First Sentier Investors and Natixis Investment Managers, alongside its own investment of NZ$80 million (US$ 49.8 million), for the solar loan program. In addition to raising capital, the program also achieved a Climate Bonds Initiative certification– the first for a New Zealand-based financial institution. The program will function as a repeatable financing solution for solar finance: NZGIF will work with developers across Aotearoa, New Zealand to finance and grow their portfolio. Once the portfolio is complete, NZGIF Solar Finance will filter and organize loans by eligibility criteria, wrap the loan in a credit enhanced financing structure, secure Climate Bonds Initiative certification, and then place the portfolio with institutional investors to provide attractively priced long-term debt to fund the portfolio. The deal won a FinanceAsia award for Best Sustainable Finance Deal 2023 (Australasia).

Last Updated: 12/21/2023
New Zealand Green Investment Finance | September 2023 | New Zealand, USA
Utility  | Renewable Power, Solar | Debt Investment | Demonstration | View on Member website

NZGIF will supply up to $25m to fund the construction of connection assets for the new ~50MW TOPP2 geothermal plant. Additionally, it will enable upgrades to the existing connection of the 25MW Te Ahi O Maui geothermal plant.

Last Updated: 12/21/2023
New Zealand Green Investment Finance | August 2023 | New Zealand, USA
Utility  | Renewable Power | Debt Investment | Demonstration | View on Member website

NZGIF will supply up to $25m to fund the construction of connection assets for the new ~50MW TOPP2 geothermal plant. Additionally, it will enable upgrades to the existing connection of the 25MW Te Ahi O Maui geothermal plant.

Last Updated: 12/21/2023
NY Green Bank | August 2023 | NY, USA
C&I, Residential  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

NYGB committed $25MM to fund interconnection expenses and other associated fees in the development of a portfolio of distributed energy storage projects, representing NYGB’s first purely energy storage transaction. This facility is a $25 million senior-secured revolving credit facility to fund interconnection deposits for the development of a portfolio of distributed energy storage projects. This will be NY Green Bank’s first purely energy storage transaction, contributing to its goal of investing $200.0 million toward energy-storage related projects. This transaction will also contribute to New York State’s goal to deploy 3 GW of energy storage by 2030.

Last Updated: 12/21/2023
NY Green Bank | June 2023 | NY, USA
Utility  | Energy Storage, Renewable Power | Debt Investment | Demonstration | View on Member website

NYGB committed $25MM to fund interconnection expenses and other associated fees in the development of a portfolio of distributed energy storage projects, representing NYGB’s first purely energy storage transaction. This facility is a $25 million senior-secured revolving credit facility to fund interconnection deposits for the development of a portfolio of distributed energy storage projects. This will be NY Green Bank’s first purely energy storage transaction, contributing to its goal of investing $200.0 million toward energy-storage related projects. This transaction will also contribute to New York State’s goal to deploy 3 GW of energy storage by 2030.

Last Updated: 12/21/2023
NY Green Bank | May 2023 | NY, USA
C&I  | Waste-to-Energy | Debt Investment | Co-investment | View on Member website

NYGB committed $55MM in a syndicated construction-to-term facility to finance the construction of a commercial food waste to-renewable natural gas project for the New York City metro area. The project will be the largest anaerobic digester to process food waste sourced from the New York City metropolitan region, Pennsylvania, as well as other states in the Northeast. This loan will finance the construction and operation of an anaerobic digester that is expected to process 180,000 tons of food waste and 30,000 tons of fats, oils, and grease that would have otherwise been transported to landfill more than 150 miles away.

Last Updated: 12/21/2023
DC Green Bank | November 2023 | DC, USA
C&I  | Energy Efficiency, Renewable Power | Debt Investment | Financing through tax payments | View on Member website

The DC PACE Program and Twain Community Partners III LLC are proud to announce the successful closing of $6.1 million in financing to deliver energy efficiency and renewable energy upgrades to transform an existing, underutilized office building into a 105-key boutique hotel. The Canal House of Georgetown will be part of Marriott’s Independent Tribute Portfolio, with Douglas Development Corporation spearheading this project as owner and developer.

Last Updated: 12/21/2023
DC Green Bank | November 2023 | DC, USA
Residential  | Renewable Power | Debt Investment | Co-investment | View on Member website

DC Green Bank and Copernican Energy today are pleased to announce the closing of a $500,000 construction-to-permanent loan to support a 191 kW residential solar project portfolio. This investment will provide solar energy to approximately 23 low- to moderate- income (LMI) households, with over 90% of the beneficiaries located in Wards 7 and 8. The solar panels are projected to eliminate 3,252 metric tons of greenhouse gas emissions over 20 years, equivalent to the emissions from 365,928 gallons of gasoline or 3,642,741 pounds of coal burned. In addition to the environmental benefits, residents will experience a minimum 50% reduction in household utility bills

Last Updated: 12/21/2023
DC Green Bank | November 2023 | DC, USA
C&I, Community Equity, Residential  | Energy Efficiency, Fuel Cell, Renewable Power | Debt Investment | Co-investment | View on Member website

Local Initiatives Support Corporation (LISC) are pleased to announce the closing of $7.5 million in construction financing for the development of Cycle House, a mixed-use net-zero energy affordable housing property in Northwest Washington, DC. This groundbreaking project will breathe new life into a long-vacant site along North Capitol Street, adding 18 units of affordable housing and commercial space to the Truxton Circle neighborhood in Ward 5. The net-zero building will produce at least as much energy as it consumes each year by harnessing solar energy from a rooftop solar installation and a rear solar parking canopy and by utilizing fuel cells. The project is also targeting both LEED Platinum and Passive House sustainability certifications, setting a high standard for eco-friendly construction in the area.

Last Updated: 12/21/2023
DC Green Bank | September 2023 | DC, USA
Community Equity, Residential  | Debt Investment | Co-investment | View on Member website

DC Green Bank provided debt financing to Urban Atlantic Development to build a new affordable senior housing development in Washington DC’s Ward 3, which will be the first independent senior living development in the Friendship Heights area. Urban Atlantic Development received a total of US$69 million in funding from various capital sources including DC Green Bank, the DC Department of Housing and Community Development’s Housing Production Trust Fund, low-income housing tax credit funding, DC Housing Finance Agency bond, Rise Impact Capital, Capital One Community Finance and the Amazon Housing Equity Fund.

Last Updated: 12/21/2023
DC Green Bank | July 2023 | DC, USA
Community Equity, Residential  | Energy Efficiency, Renewable Power | Debt Investment | Co-investment | View on Member website

DC Green Bank and partners announced the closing of US$3.3 million in financial support for the new construction of an affordable housing development in Ward 8 and energy efficiency and renewable energy upgrades for a building in Ward 7. In addition to a $3 million construction loan from DC Green Bank, a US$300,000 grant has been awarded to the developer through Capital Impact Partners’ Housing Equity Accelerator Fellowship, which is funded by Amazon’s Housing Equity Fund. Once completed, the properties will create 8 new and preserve 4 existing affordable housing units in total

Last Updated: 12/21/2023
Clean Energy Finance Corporation | October 2023 | Australia, Australia
C&I  | Equity Investment, Venture Capital | Co-investment, Fund investment | View on Member website

The CEFC has invested $480,000 into the Climate 10x accelerator to help back technology startups whose innovations have the potential to contribute to the transition to renewable energy and further decarbonise the economy. The investment was made by specialist fund manager, Virescent Ventures on behalf of the CEFC. The CEFC is a foundation shareholder in Virescent Ventures which focuses on investing in climate tech founders, technologies and businesses that can help achieve net zero emissions.

Last Updated: 12/21/2023
Clean Energy Finance Corporation | October 2023 | Australia, Australia
Utility  | Energy Storage, Renewable Power | Debt Investment | Fund investment | View on Member website

The CEFC has confirmed its first investment via the landmark Rewiring the Nation (RTN) Fund, committing $100 million to support the delivery of substantial clean energy projects in NSW. The RTN Fund, formally established in July, is set to play a key role in Australia’s efforts to reach 82 per cent renewables by 2030.

The CEFC investment will support the delivery of renewable generation, long duration storage and grid infrastructure as part of the ambitious NSW Electricity Infrastructure Roadmap.

In delivering the Roadmap, the Scheme Financial Vehicle (SFV), acts as a counterparty to long-term energy service agreements and private sector infrastructure contracts for renewable energy zones (REZs) and priority transmission infrastructure projects, including delivery of the 850 MW/1680 MWh Waratah Super Battery. The CEFC investment provides the SFV with a liquidity facility to support cashflow as infrastructure projects are advanced.

Last Updated: 12/21/2023
Clean Energy Finance Corporation | October 2023 | Australia, Australia
C&I  | Energy Storage, Renewable Power | Equity Investment, Venture Capital | Co-investment, Fund investment | View on Member website

Australian battery recycling startup Renewable Metals has closed an $8 million investment round to scale and commercialise its groundbreaking lithium-ion battery recycling technology, backed by the CEFC and leading Asia Pacific and US-based investors.

The CEFC investment is managed by Virescent Ventures. The lead investor is Asia Pacific-based venture capital firm Investible, via its early-stage Climate Tech Fund, with additional participation from US-based venture capital investor, the Grantham Foundation for the Protection of the Environment.

The investment round will support Renewable Metals in the development of a pilot plant in Perth, bringing forward the construction of a larger scale demonstration plant capable of processing up to 1,500 tonnes of battery waste annually. The investment will also support the expansion of the Renewable Metals team to further develop the Australian battery recycling industry – which CSIRO has estimated could help recover up to $3.1 billion of valuable battery materials and metals1 – and contribute to the global battery industr

Last Updated: 12/21/2023
Clean Energy Finance Corporation | September 2023 | Australia, Australia
C&I  | Energy Efficiency, Renewable Power | Debt Investment | Fund investment | View on Member website

The CEFC will leverage the power of private sector capital to finance sustainable building upgrades, committing up to $75 million via a new investment mandate. The mandate will target commercial offices, hotels and retail assets to decarbonise a substantial part of the property sector. The CEFC investment will be managed by leading Australian commercial real estate investment manager, MaxCap Group. Under the mandate, MaxCap will originate, execute and manage a portfolio of real estate loans, aiming to attract further institutional capital to invest in the sustainable refurbishment of commercial buildings.

The mandate will provide senior debt finance for building owners seeking to improve sustainability performance of low rated commercial office, retail and hospitality assets through repositioning and upgrade works that reduce operational emissions by at least 30 per cent.

Last Updated: 12/21/2023
CT Green Bank | June 2023 | USA
C&I  | Solar | Debt Investment | Financing through tax payments | View on Member website

The Connecticut Green Bank proudly announces that 27 Realty Drive in Cheshire has completed a second rooftop solar photovoltaic system installation financed by Commercial Property Assessed Clean Energy (C-PACE). The property serves as the headquarters for Barker Specialty Advertising Co. Inc., a family business and leader in the promotional products industry for more than 70 years. The first solar project was installed in 2021 at 55 Realty Drive.

Last Updated: 09/01/2023
CT Green Bank | August 2023 | USA
MUSH  | Energy Efficiency, Solar | Debt Investment | Financing through tax payments | View on Member website

The Connecticut Green Bank announces that Westport Tennis Club, 1696 Post Road East, Westport, installed a solar photovoltaic (PV) system on their roof using Commercial Property Assessed Clean Energy (C-PACE) financing. The 60.72 kW system is expected to save the facility more than $328,090 in avoided electricity costs over the 20-year financing term.

For more than 40 years, the Westport Tennis Club (WTC) has been serving the community with a safe, clean environment for play. Their facility features indoor, fully lighted Har-Tru courts providing year-round tennis lessons, clinics, and open courts for the whole family.

Last Updated: 09/01/2023
CT Green Bank | May 2023 | USA
C&I  | Energy Efficiency, Solar | Debt Investment | Financing through tax payments | View on Member website

Enko Chem, Inc. today announced that, with support from the Connecticut Green Bank, the company has embarked on a robust clean energy program at its facility on Maritime Drive. The projected energy savings over 20 years are upwards of $10M including utility incentives, tax credits, and operational energy savings. The energy efficiency project is being financed utilizing a long-term, fixed-rate C-PACE loan totaling $3.6M. C-PACE is administered by the Connecticut Green Bank and is specifically designed for financing green upgrades, such as energy efficiency improvements or the addition of renewable energy sources.

Last Updated: 09/01/2023
CT Green Bank | February 2023 | USA
Transport  | Carbon Offsets, Low Emissions Transport | Debt Investment | Demonstration | View on Member website

The Connecticut Green Bank and its partners are proud to announce that their pioneering collaboration has secured innovative carbon credit capital funding to help accelerate the deployment of electric vehicle (EV) charging systems across the United States. Acting as an aggregator and facilitator for its partners, the Green Bank has opened access to a stream of patient capital that will help ensure the future viability of these charging networks and draws upon private sector funds to deliver a lower carbon transportation future for our communities.

The Green Bank’s roster of project partners originally included EV charging pioneers Volta, U-Go Stations, which Blink Charging recently acquired, Proterra, and the EV Structure Company. The consortium’s partners have expanded to now include Dominion Energy, Exelon, Optiwatt, EV Match, BLINK, AmpUp, and OpConnect. Together, these partners already have 725 EV charging stations across the United States enrolled with the project. The project is now poised to expand dramatically in size and geographic scope.

Last Updated: 09/01/2023
Rhode Island Infrastructure Bank | June 2023 | USA
MUSH  | Drinking/Waste Water Management, Resiliency and Adaptation, Storm Water Management, Water Conservation | Debt Investment | Demonstration | View on Member website

Rhode Island Infrastructure Bank has closed on a $515,000 Clean Water State Revolving Fund loan to the Town of Narragansett for site improvements at the Town’s Scarborough Wastewater Treatment Facility to better protect the site from coastal erosion.

Last Updated: 09/01/2023
Rhode Island Infrastructure Bank | June 2023 | USA
MUSH  | Drinking/Waste Water Management, Water Conservation | Debt Investment, Green Bond | Demonstration | View on Member website

Rhode Island Infrastructure Bank has closed on a $77,260,000 Green Bond to support clean water projects for the Narragansett Bay Commission and the communities of East Greenwich, East Providence, Middletown, Woonsocket, and Warwick, and for drinking water projects in the City of Providence.

Last Updated: 09/01/2023