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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NY Green Bank | August 2022 | New York State, USA
C&I  | Energy Efficiency | Debt Investment | Term loan facility | View on Member website

NYGB entered into a construction-to-term facility alongside C-PACE to support the construction of Albany Hyatt, an all-electric hotel at a recovered brownfield site in downtown Albany. NYGB’s facility demonstrates senior lender comfort in investing in all-electric, new building projects with C-PACE financing.

 

 

Last Updated: 12/07/2022
NY Green Bank | June 2022 | New York State, USA
Residential  | Energy Efficiency, Energy Storage, Solar | Debt Investment | Demonstration | View on Member website

In June 2022, NYGB increased its existing senior-secured revolving credit facility with Sealed Inc, an energy service provider, by $7.5 million. The upsize to NY Green Bank’s existing loan will increase Sealed’s ability to offer an innovative financing option to cover the costs of home energy efficiency and HVAC electrification measures. This transaction will enable Sealed to expand its current operations and complete additional energy-saving improvements in homes in NYS. Additionally, this transaction will help establish a track record for this type of performance-based financing and demonstrate the ability of these projects to achieve competitive risk-return profiles.

 

 

Last Updated: 12/07/2022
NY Green Bank | June 2022 | New York State, USA
C&I, MUSH, Residential  | Energy Efficiency | Debt Investment | Subordination | View on Member website

In June 2022, NYGB entered into a subordinated loan facility, originated through RFP 19, that will enable NYCEEC to make loans to finance energy efficiency projects in NYS that benefit Disadvantaged Communities. At present, Impact-focused lenders are undercapitalized relative to the scale of their need, so are unable to put significant capital to work in addressing market gaps to grow the market for clean energy and energy efficiency. NY Green Bank’s participation supports an impact-focused lender by providing capital to scale such investments to benefit disadvantaged communities.

 

 

Last Updated: 12/07/2022
NY Green Bank | March 2022 | New York State, USA
Residential  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

In March 2022, NYGB provided an $8.0 million multi-draw term loan facility to e2i (dba Clean Asset Co., LLC). This transaction will enable e2i to build and retrofit high-performance, electric, affordable multifamily homes in NYS.

 

 

Last Updated: 12/07/2022
NY Green Bank | March 2022 | New York State, USA
Residential  | Solar | Debt Investment | Refinancing | View on Member website

In March 2022, NYGB provided an incremental $15.0 million to support the refinancing of Sunrun’s $600.0 million senior secured revolving credit facility. The original facility was $250.0 million, under which NYGB had a $25.0 million commitment. This transaction will enable Sunrun to continue supporting its distributed energy project portfolio for homeowners across NYS.

Last Updated: 12/07/2022
New Zealand Green Investment Finance | April 2022 | New Zealand
Transport  | Low Emissions Transport | Debt Investment | Leasing | View on Member website

NZGIF is providing a $20 million finance facility to support Zenobē with the deployment of electric bus (E-Bus) fleets under long-term lease agreements with major operators in New Zealand. A further $30 million is being held in reserve to support additional uptake, which NZGIF hopes sends a strong signal to the public transport sector that commercial, zero emission solutions will be more accessible.

 

 

 

Last Updated: 12/07/2022
New Zealand Green Investment Finance | September 2021 | New Zealand
MUSH, Utility  | Solar | Debt Investment | Co-investment | View on Member website

NZGIF has established an $8 million senior debt facility to fund the operation of solar panels on schools across New Zealand. It will do this by setting up a facility to provide financing for the installation of solar arrays (including operating costs) using power purchase agreements (PPAs). NZGIF is also holding $10 million in reserve for future extensions to the finance facility as demand grows. The new energy initiative, called solarZero Schools, will enable Kiwi schools to convert sunshine into solar energy to power their school and contribute to an increase in New Zealand’s renewable electricity generation capacity.

 

Last Updated: 12/07/2022
New Zealand Green Investment Finance | December 2021 | New Zealand
Transport  | Low Emissions Transport | Debt Investment | Co-investment, Fund investment | View on Member website

New Zealand Green Investment Finance (NZGIF) and NZ Post have signed a $20 million financing agreement to accelerate the transition of the NZ Post fleet and its delivery contractors’ vehicles to electric vans (E-Vans) or low emissions vehicles (LEVs). NZGIF is providing financing of $10 million and NZ Post $10 million through NZGIF’s majority owned subsidiary Sustainable Fleet Finance (SFF) to provide attractive and competitive financing to improve access to E-Vans/LEVs.

Last Updated: 12/07/2022
Clean Energy Finance Corporation | September 2022 | Australia
C&I  | Energy Efficiency, Energy Storage, Low Emissions Transport | Debt Investment | Fund investment | View on Member website

The CEFC has committed up to $21 million to unlock and commercialize innovative technology solutions that will help mining operations decarbonize and reposition the sector to capture the benefits of the future low emissions economy. The CEFC investment into the private equity fund RCF Jolimont Mining Innovation Fund II (“the Fund”), will back Australian companies working to develop the innovative solutions needed to reduce emissions in the hard to abate mining sector.

The Fund targets early to late-stage private mining equipment, technology, and services (METS) companies in Australia and internationally with strong growth potential. The CEFC commitment will be directed towards clean energy businesses developing industry specific software and technology developments to improve energy efficiency, develop mine-specific renewable energy storage solutions and increase electrification of mine site vehicles.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | September 2022 | Australia
Agriculture  | Land Use | Debt Investment | Fund investment | View on Member website

In a landmark $75 million commitment in the pastoral sector, the Clean Energy Finance Corporation (CEFC) is targeting cuts to on-farm methane emissions, together with Paraway Pastoral Company (Paraway), one of Australia’s largest pastoral operators. The CEFC commitment, through an agricultural fund managed by Macquarie Asset Management, will see Paraway aim to reduce its methane intensity by at least 30 percent by 2030, aligned with the principles of the Global Methane Pledge.

Operating 28 pastoral and cropping farms over more than 4.5 million hectares across Australia, Paraway has capacity to run more than 220,000 cattle and 250,000 sheep, as well as a mixture of dryland and irrigated cropping.

As part of the commitment, Paraway will trial and showcase new technologies and practices to cut emissions, including altered herd management and genetics selection, changes to feed additive and farm practices, vegetation management and enhanced emissions measurement. Progress will be shared with other producers to encourage further emissions reduction in the vital agriculture sector.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | August 2022 | Queensland, Australia
C&I  | Onshore Wind, Smart Grid Technology | Debt Investment | Demonstration | View on Member website

A landmark CEFC investment to support the Southern Downs Renewable Energy Zone (REZ) will help develop critical transmission and grid infrastructure to connect multiple clean energy assets in Queensland to the National Electricity Market.

In its first investment to support the development of a REZ, the $160 million CEFC financing commitment will unlock an additional 500 MW of new network hosting capacity, adding to the proposed 1000MW of renewable plant capacity to support the MacIntyre Wind Precinct. The precinct includes the 103MW Karara Wind Farm, and the 923 MW MacIntyre Wind Farm, and is set to be one of the world’s largest onshore wind farms.

By stepping in with concessional finance, the CEFC has provided a scale efficient solution to unlock greater renewable generation capacity in the Southern Downs REZ. This cost effective solution has ensured a scale efficient build out shared across future generation capacity.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | August 2022 | Australia
C&I  | Energy Efficiency, Energy Storage, Renewable Power | Debt Investment | Co-investment, Fund investment | View on Member website

The CEFC is investing up to $200 million alongside ANZ Bank as part of a new program to provide discounted clean energy finance to ANZ business customers. The discounted finance is designed to encourage small to medium sized (SME) businesses to invest in a broad range of activities to cut their emissions – from renewable energy to energy efficient and precision agricultural equipment, recycling technologies, and electric vehicles. The CEFC and the ANZ will each contribute 0.25 percent toward a 0.5 percent discount on loans of up to $5 million. The finance extends the well-established CEFC co-financing programs, which have seen financial institutions provide more than 5,500 asset loans to business borrowers Australia-wide.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | July 2022 | Australia
C&I  | Energy Storage, Renewable Power, Solar | Debt Investment | Cornerstone stake, Fund investment | View on Member website

The CEFC has made a $75 million cornerstone commitment to Octopus Investments Australia’s first renewable energy platform for the development of utility scale solar and storage. The investment comes alongside a commitment made by leading Australian superannuation fund, Hostplus, further crowding in institutional capital to the Australian energy sector and supplying the growing appetite from superannuation members for more products with sustainable and renewable assets. The CEFC investment marks the entry of a major global fund manager into the Australian market, enhancing Australia’s position as a global financial hub and helping to drive the transition towards net zero emissions.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | July 2022 | Australia
C&I  | Debt Investment | Co-investment, Cornerstone stake, Fund investment | View on Member website

The CEFC has ramped up investment in companies that are fast-tracking the decarbonization of the economy, with a $50 million cornerstone investment in the Ellerston 2050 Fund alongside a $50 million commitment from Qantas Super to support the work of Australia’s carbon abatement “enablers.”

These “enablers” are companies that are providing the technology and services that their customers use to reduce their carbon footprints. They represent a new area of economic growth and business development, able to capitalize on the growing wave of investment into emissions reduction.

The open-ended, wholesale Fund will be managed by Ellerston Capital and will focus on investing in listed and unlisted small to mid-sized companies which actively help reduce carbon emissions in the wider economy. These include companies with low carbon products, technology, and services that enable energy efficiency or facilitate the accelerated adoption of low emissions technologies.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | June 2022 | Australia
Transport  | Low Emissions Transport | Venture Capital | Co-investment | View on Member website

An Australian advanced manufacturing company bringing an innovative solution to aviation emissions – modeled on shark skin – has received a $2 million investment boost from the CEFC, alongside strategic investors, including venture capitalists Bill Tai and Amanda Terry of ACTAI Ventures. MicroTau has created a lightweight film product that can be applied to the surface of aircraft, reducing drag, improving fuel efficiency, and cutting emissions. The film, which can be applied during scheduled aircraft maintenance, has the potential to save commercial aviation and shipping more than US$34 billion in fuel costs, delivering as much as 225 million tonnes in CO2 abatement annually.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | May 2022 | Australia
C&I  | Waste Management | Debt Investment | Co-investment | View on Member website

The CEFC is committing to up $7.5 million to Australian e-waste recycler Scipher Technologies to help tackle the nation’s mounting e-waste problem and reduce the associated emissions. The CEFC investment in the Scipher Series B funding round, made through the Australian Recycling Investment Fund, is being matched by a $7.5 million investment from the Australian Business Growth Fund (ABGF), delivering a substantial $15 million boost to Australia’s recycling capabilities.

E-waste includes valuable commodities which can be recovered and recycled through ‘urban mining’, preventing them from being sent to landfill. These commodities include steel and iron (ferrous metals); copper, aluminum, and zinc (non-ferrous metals), and gold, silver, and palladium (precious metals).

The CEFC investment, on behalf of the Australian Government, will enable Scipher to increase its e-waste processing capacity by investing in new and upgraded recycling infrastructure. Scipher is also planning to extend its recycling capacity to include mobile phones, lighting equipment, large household appliances, and solar panels.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | May 2022 | Australia
C&I  | Low Emissions Manufacturing, Renewable Power | Debt Investment | Co-investment | View on Member website

Manildra, Australia’s largest wheat processor and ethanol manufacturer, is taking a significant step toward reducing its greenhouse gas emissions, drawing on an $85 million CEFC investment to exit coal at its primary manufacturing plant in regional NSW.

The project will help kickstart the transition of the domestic industrial sector to a low carbon future, decarbonizing operations while maintaining global competitiveness. The installation of cogeneration technology will reduce emissions at the energy intensive Nowra plant by about 40 percent, abating an estimated 332,000 tonnes of CO2-e annually. Manildra will no longer use coal to generate steam at the plant.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | March 2022 | Australia
C&I  | Waste Management | Venture Capital | Co-investment | View on Member website

The CEFC has committed $1.1 million to Samsara Eco through the Clean Energy Innovation Fund. Samsara Eco has also attracted investment from CSIRO’s Main Sequence, and W23, the Woolworths venture capital and innovation fund, to complete a $6 million capital raising. Samsara has synthesized a novel enzyme to be dramatically more effective, compressing a process that would naturally take millennia. After being broken down into its original components, the resulting product can be sold in a pelletized form to customers.

Working in partnership with the Australian National University, Samsara’s proprietary technology involves a depolymerization process that uses modified enzymes to rapidly degrade plastic down to small molecules. This ensures recycled plastics materials have the same structural integrity as virgin plastics.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | March 2022 | New South Wales, Australia
Agriculture, Utility  | Land Use, Solar | Growth Capital | Co-investment, Demonstration | View on Member website

The CEFC has committed $5 million to the Blind Creek project, a farmer-led project that combines an understanding of the land, farming practices, and knowledge of the local community with renewable energy expertise. The CEFC investment is part of a joint venture between the CEFC and Octopus Australia to develop and deliver a utility-scale agri-solar and battery project in regional Australia.

The project was founded by local farmers with a multi-generational connection to the site and to the local community, together with a team of renewable energy experts, including technical support from Stride Renewables and Axcentium. The characteristics of the project reflect their vision to co-locate regenerative agriculture with solar, engage in genuine community consultation, and include the community in the project’s financial benefits.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | July 2022 | Victoria, Australia
Agriculture, Utility  | Land Use, Solar | Growth Capital | Co-investment, Demonstration | View on Member website

The CEFC is backing the development of the proposed 44 MWac Perry Bridge and 80 MWac Fulham solar farms, in a landmark joint venture with Octopus Investments. Octopus Australia and the CEFC have purchased the rights to develop the two projects from local Gippsland based developer Solis Re, and the three parties will be working closely together to bring the projects to financial close. The CEFC commitment to these development stage assets is $850,000. The solar farms are aiming to showcase the ability of sheep grazing and solar farming to co-exist, providing a diversified revenue stream to local landholders.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | March 2022 | Australia
Agriculture  | Bio-sequestration, Land Use | Venture Capital | Demonstration | View on Member website

The $1.6 million CEFC investment will enable UK-based Downforce Technologies Limited to take the next step in developing and commercializing its data-based technology, with Australia identified as the first market, reflecting the uniquely favorable potential of Australian soils to play a role in soil carbon capture. Downforce Technologies has developed an innovative technology solution to cut the cost of measuring and monitoring soil health and carbon levels – a key component in cutting land-based emissions.

This investment aims to further extend the benefits of monitoring soil carbon. Enhanced monitoring can improve soil carbon levels, leading to environmental and economic benefits such as improved agricultural productivity, soil resilience, reduced emissions, and an additional revenue stream for farmers.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | February 2022 | Australia
C&I  | Fund investment | View on Member website

The CEFC has committed $80 million to the IFM Investors Private Equity Growth Partners Fund alongside the legalsuper and HESTA superannuation funds. IFM has an established track record of helping drive down emissions within its private equity portfolio companies and has achieved carbon neutral certification from Climate Active, the Australian Government certification standard.

Established by industry super owned IFM Investors and managed by the IFM Investors private equity team, the new fund aims to invest in companies with high growth potential, resilient and profitable business models and strong management. The companies, predominantly focused in the Australian technology, business services and healthcare sectors, will be chosen based on their potential to drive a material reduction in emissions. Importantly, this will include innovative companies with the potential to capitalise on the transition to net zero emissions by bringing new technologies and business models to market.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | January 2021 | Queensland, Australia
Utility  | Solar | Debt Investment | Co-investment | View on Member website

The CEFC has committed up to $37 million in debt finance to Blue Grass Solar Farm, as part of a syndicate of lenders which also includes ING and the Sumitomo Mitsui Banking Corporation. It will feature 375,000 bifacial solar panels, which have an increased generation capacity compared with existing panels, as well as half-cut cells technology which reduces the cell to half the normal size. Blue Grass Solar Farm is expected to cut emissions by approximately 320,000 tonnes CO2-e per year.

The investment will also support Solar 30 30 30, an ARENA-led initiative that will help achieve ultra low-cost solar. The initiative aims for solar PV to achieve 30 per cent efficiency at 30 cents per installed watt by 2030 and will help drive down costs to meet the goal of solar electricity generation at $15 per MWh.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | December 2021 | Australia
C&I  | Energy Efficiency, Renewable Power | Debt Investment | Guarantee/insurance | View on Member website

The CEFC is providing a $30 million senior secured debt facility to finance energy performance improvements at Brisbane’s 200 Creek Street commercial office building. The building will undergo equipment and building services upgrades, including a combination of energy efficiency, renewable energy, and energy conservation technologies and practices. The work will lift the building to a NABERS 5.5 star rating, a performance achieved by just six percent of commercial office buildings Australia-wide.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | November 2021 | Australia
C&I  | Energy Efficiency, Low Emissions Transport, Waste Management | Fund investment | View on Member website

The CEFC is investing $72 million into a $1 billion capital raising by the QIC Global Infrastructure Fund (QGIF) as part of its plans to accelerate its trajectory to net zero emissions. QGIF will lift its emissions reduction ambitions across its portfolio, with the capital raising supporting investment in bolt-on emissions reduction opportunities at existing assets, as well as the acquisition of new assets, including those with a focus on reducing carbon emissions.

As a part of its work towards integrating ESG across its investment process, QIC has committed to halve its scope 1 and 2 emissions by 2030 for QGIF (on a 2020 baseline) and is targeting net zero scope 1 and 2 emissions for the Fund by 2040. QIC has also committed to actively contribute to the broader industry net zero emissions ambitions for QGIF assets.

The CEFC investment, on behalf of the Australian Government, brings total investment in QGIF to almost $3.4 billion. The scale and diversity of the QGIF portfolio allows it to benefit from the deployment of a broad range of clean energy technologies across its 11 core and core-plus infrastructure assets.

Last Updated: 11/07/2022