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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Clean Energy Finance Corporation | May 2019 | New South Wales, Australia
Residential  | Energy Efficiency, Energy Storage, Smart Grid Technology, Solar | Debt Investment | Demonstration | View on Member website

Families in three regional NSW cities – Bathurst Dubbo and Orange – will benefit from 220 new highly energy efficient homes for low income families. A significant portion of existing Housing Plus dwellings in regional NSW will also undergo clean energy retrofits so that they require less energy to operate for day-to-day living.

The homes, which will have rooftop solar and energy efficiency technologies installed, will be built to a minimum 7-Star National Housing Energy Rating System (NatHERS) standard.This is effectively a 40 per cent improvement on the energy efficiency achieved in homes built to the current minimum standard. The types of technology that may be used to reach the NatHERS target include rooftop solar, battery installations, heat pumps, additional insulation, double glazing, smart meters, LED lighting, and energy efficient white goods.

The CEFC’s debt finance of up to A$95 million will help deliver the homes, which will be constructed by three local developers in the three cities over the next 18 months to three years. The CEFC’s finance will also contribute to the retrofit program, which Housing Plus will use to deliver energy efficiency solutions and rooftop solar installations across existing homes in its state-wide portfolio.

Last Updated: 05/10/2019
Clean Energy Finance Corporation | May 2019 | New South Wales, Australia
Transport  | Energy Efficiency, Low Emissions Transport | Equity Investment | Cornerstone stake | View on Member website

Award-winning Australian manufacturer Omni Tanker Holdings, which produces innovative carbon fibre tank containers, is expanding its business to meet international shipping demand. Omni Tanker is drawing on a A$4 million equity investment from the Clean Energy Innovation Fund to commercialise its technology in the bulk liquid transport equipment market. The Omni road tanker and the OmniTAINER®, a portable tank container (ISO tank), are designed for intermodal applications. Omni Tanker’s ISO standard carbon fibre tank containers are six times the strength of steel tankers, and more than 35 per cent lighter. They can transport a wide range of corrosive liquids and high purity chemicals.

The combination of light weight and exceptional chemical resistance of Omni Tanker’s carbon fibre tanks means transporting them requires less energy and produces lower emissions. Additionally, while traditional rubber lined stainless steel tanks are dedicated to one product and generally carry goods in only one direction, the chemical resistance and easy washout of the OmniTANK’s patented seamless thermoplastic interior means they can be two-way loaded, reducing asset down time and empty running, increasing the efficiency and capacity of transportation routes. The investment from the Clean Energy Innovation Fund is part of broader $7.9 million capital raising by Omni Tanker, which will substantially expand its NSW manufacturing plant and specialist workforce to increase production capacity.

Last Updated: 05/02/2019
Clean Energy Finance Corporation | April 2019 | Australia
C&I  | Energy Efficiency, Solar | Debt Investment, Green Bond | Cornerstone stake | View on Member website

Woolworths Group has issued the world’s first green bond by a supermarket business to fund its sustainability strategy. The A$400 million green bond launched in April 2019 is backed by a Green Bonds Framework and funds initiatives such as LED lighting, energy efficient fridges and solar panels as part of the retailer’s 2020 sustainability strategy. The CEFC secured a A$30 million tranche of the issuance. The CEFC’s investment in this bond enables the CEFC to continue its support for Australia’s emerging green bond market, actively monitor the secondary market for green bonds and gain useful insights into the emissions profile of Australia’s supermarkets. Woolworths Group includes well known Australian and New Zealand brands Woolworths, Countdown, Dan Murphy’s, BWS and Big W. It has over 3,000 stores, more than 200,000 employees. Since 2015 the group has reduced its emissions by 13 per cent. The Climate Bonds Initiative has certified the bonds and has developed a global low-carbon buildings criteria for supermarkets as a result of Woolworths’ commitment to green bonds. The Climate Bonds Initiative is an international, investor-focused not-for-profit organisation working to mobilise the $100 trillion bond market, for climate change solutions. The green bond, which sets new standards and expectations across the entire retail industry, creates a simple and highly transparent way for the private sector to invest in clean energy technologies. It provides a new asset class for institutional investors who have an increasing appetite for products that meet environmental, social and governance (ESG) requirements.

Last Updated: 05/01/2019
Green Investment Group | April 2019 | India
C&I  | Solar | Equity Investment | Cornerstone stake | View on Member website

UK Climate Investments (UKCI) will underpin the development of a nationwide network of solar farms following an agreement to invest £30 million (INR 275 Crores) in one of India’s leading providers of renewable energy for commercial and industrial clients, CleanMax Solar. Founded in Mumbai in 2011, CleanMax Solar pioneered the ‘Energy Sale’ model in India through the development of distributed generation capacity across some the country’s largest cities. Partnering with commercial and industrial (C&I) clients to build new rooftop and ground-mounted solar generation projects, CleanMax Solar enables businesses to access clean, cheaper-than-grid electricity by removing the need for significant upfront capital investment. CleanMax Solar’s innovative business model has seen it quickly grow to become India’s top rooftop installer in 2018 and one of the country’s largest solar developers in the C&I market segment – operating 500 MW of distributed generation capacity across 340 sites. UKCI’s commitment will assist CleanMax Solar as it looks to scale its operations, providing it with the capital needed to expand its network of private solar farms across the country. UKCI is a joint venture between the Green Investment Group and the UK Government’s Department for Business, Energy and Industrial Strategy. UKCI is managed by Macquarie Infrastructure and Real Assets, the world’s largest infrastructure manager.

Last Updated: 05/01/2019
Tata Cleantech Capital Limited | April 2019 | India
C&I  | Energy Efficiency | Debt Investment | Demonstration |

TCCL financed Energy Efficiency projects across 6 location of a leading Indian ESCO. These projects are being developed under the Opex model wherein the payment by the user shall be made from the energy savings generated by the ESCO.

Last Updated: 11/21/2019
Tata Cleantech Capital Limited | April 2019 | Karnataka, India
C&I  | Solar | Debt Investment | Demonstration |

TCCL financed 15 MW under-construction solar power project being developed in the state of Karnataka. The power generated from the project shall be supplied to private sector companies for their own consumption.

Last Updated: 11/21/2019
Tata Cleantech Capital Limited | April 2019 | Karnataka, India
C&I  | Solar | Debt Investment | Demonstration |

TCCL financed 25 MW under-construction solar power project being developed in the state of Karnataka. The power generated from the project shall be supplied to private sector companies for their own consumption.

Last Updated: 11/21/2019
Clean Energy Finance Corporation | April 2019 | New South Wales, Australia
C&I, Community Equity, Residential  | Energy Efficiency, Solar | Debt Investment | Demonstration | View on Member website

SGCH has delivered 31 new energy-efficient apartments in the Liverpool area that have features to help tenants keep their energy use and household running costs down. The apartment complex in Hoxton Park Road at Cartwright in south-western Sydney has a 7-star Nationwide House Energy Rating Scheme (NatHERS) rating. Features include high performing glass and insulation to floors, walls and ceilings, shading to windows, ceiling fans and solar panels. These features help tenants reduce their household running costs while SGCH saves on building operation costs, which allows it to provide more housing and services for customers. The six-storey building has a mix of one and two-bedroom apartments that offer tenants the opportunity to live close to work and health and education facilities. Tenants will also have access to tailored SGCH support coordination services and opportunities designed to improve their wellbeing. The development has been delivered as part of the NSW Government’s Social and Affordable Housing Fund (SAHF) Phase 1. The CEFC financed the apartment complex as part of its broader existing $170 million commitment to SGCH, to demonstrate the potential for more sustainable housing to deliver better long-term outcomes for tenants, providers and the environment. SGCH is a leading not-for-profit community housing provider with over 30 years’ experience in developing and managing sustainable, safe and affordable homes.

Last Updated: 05/01/2019
CT Green Bank | April 2019 | USA
Residential  | Solar | Aggregation, Securitization, Warehousing | View on Member website

In April 2019, CT Green Bank announced the sale of $38.6 million investment-grade rated asset-backed security (ABS) notes. This innovative first-of-its-kind issuance monetizes the solar home renewable energy credits (SHRECs) generated through the Residential Solar Investment Program (RSIP). The sale was comprised of two tranches of SHRECs produced by more than 105 megawatts of 14,000 residential solar photovoltaic (PV) systems. The SHRECs were aggregated by the Green Bank and sold in annual tranches to Connecticut’s two investor-owned utilities, Eversource Energy and United Illuminating Company, at a fixed, predetermined price over 15 years. The funds raised through this sale will recover the costs of administering and managing the RSIP, including the incentives offered to residential participants in the program.

The Green Bank worked with Kestrel Verifiers to certify that this issuance conforms with the Climate Bonds Standard.  Further, it partnered with the Climate Action Reserve (CAR) to independently assess the impact of the systems in tranches one and two of the SHRECs. CAR estimates that these systems will produce 238,000 MWh of electricity each year, avoiding the emission of approximately 749,494 tonnes carbon dioxide equivalents (tCO2e) of greenhouse gases (GHGs).  CAR leveraged the Environmental Protection Agency’s (EPA) Avoided Emissions Generation Tool (AVERT) and Co-Benefits Risk Assessment (CoBRA) in their assessment of air quality and public health impacts respectively.

Last Updated: 06/15/2020
Green Investment Group | March 2019 | Southern California, USA
C&I, MUSH  | Energy Storage | Debt Investment | Co-investment, Demonstration | View on Member website

GIG provided debt financing for an innovative battery-based energy storage project in Southern California. It is the project’s third debt financing and will fund the completion of its construction.  The financing funds construction of an additional 97 MWh portfolio and, once fully constructed, will complete a 63 MW / 340 MWh project for Southern California Edison (SCE) of behind-the-meter, battery storage systems located in grid-constrained pockets of the West Los Angeles Basin service territory. CIT Group, which led the initial financing through its Power and Energy Finance unit, was also the lead lender in the second financing in December and this financing, which was joined by Rabobank, Sumitomo Mitsui Banking Corporation and ING. Macquarie acquired the original portfolio from AMS in August 2016 and together Macquarie and AMS have been jointly developing and constructing it. The project’s first debt financing in 2017 was a first-of-its kind non-recourse project financing of distributed battery-based energy storage systems. The fleet of energy storage systems, which are located at various large-load commercial, industrial and government host sites in Los Angeles and Orange counties, will be used for utility grid services including flexible and reserve capacity, solar integration and voltage management in addition to retail energy services such as demand management, back up generation and enhanced power quality.

Last Updated: 03/27/2019
Green Investment Group | March 2019 | Bedfordshire, England, UK
Utility  | Waste-to-Energy | Equity Investment | Co-investment | View on Member website

Covanta Holding Corporation and Green Investment Group Limited announced financial close on a deal in which they will each own 40 percent of the state-of-the-art Rookery South Energy Recovery Facility in Bedfordshire, England. Primary waste supplier Veolia ES (UK) Limited (“Veolia”) owns the remaining 20 percent. The Rookery facility will provide 545,000 tonnes of annual treatment capacity for non-recyclable waste, further enabling the UK to achieve national self-sufficiency in managing waste and compliance with landfill diversion targets. Veolia will deliver the majority of Rookery’s waste supply under a long-term contract, with the balance of the waste sourced through other commercial, industrial and municipal counterparties. In processing this waste, Rookery will generate over 60 megawatts of electricity which will be sold into the grid on a merchant basis, powering the equivalent of over 112,500 homes. Construction of the facility will be led by Hitachi Zosen Inova under a turnkey engineering, procurement and construction contract and is expected to take approximately 36 months to complete. Over 300 jobs will be created during the construction period providing related benefits to the local economy. Many opportunities will also be created for the local supply chain with a commitment from the project to purchase goods and services from local companies wherever possible. Covanta will provide technical oversight during construction and will supply operations and maintenance services when the project commences operations in 2022.

Last Updated: 03/27/2019
NY Green Bank | March 2019 | New York, USA
Utility  | Onshore Wind | Debt Investment | Co-investment, Demonstration, Refinancing | View on Member website

NY Green Bank committed US$68.75 million to finance the acquisition of 612.0 MW of operating largescale wind projects in New York State by funds managed by The Carlyle Group. These assets account for approximately 30% of current wind generation in NYS. As a Joint Lead Arranger in this transaction alongside other commercial banks, NYGB’s participation supports the long-term financing of large scale renewable projects in NYS that have merchant exposure. The recapitalization and proposed operational improvements are expected to extend the useful life of the projects, resulting in additional greenhouse gas reductions in NYS, and the retention of more than 40 clean energy jobs in the North Country and Western New York.

Last Updated: 06/01/2019
NY Green Bank | March 2019 | New York, USA
Utility  | Onshore Wind | Debt Investment | Co-investment, Demonstration, Refinancing | View on Member website

NY Green Bank committed US$31.25 million to the recapitalization of a portfolio of wind farms by BlackRock Global Renewable Power Fund II, including a 55.35 MW project in New York State. NYGB’s participation in this transaction – alongside other commercial banks – supports the long-term financing of a large scale renewable project in NYS that has merchant exposure, as well as the secondary market for assets of this type. The existence of a robust secondary market supports even greater development of large scale renewables through the availability of greater sources of capital interested in investing in this asset class. In addition, NYGB’s involvement in this transaction contributes to ratepayers’ greater energy choices, and ultimately, lower-cost clean energy opportunities.

Last Updated: 06/01/2019
Clean Energy Finance Corporation | February 2019 | Melbourne, Australia
C&I, Residential  | Energy Efficiency | Debt Investment | Co-investment, Demonstration | View on Member Website

Melbourne’s distinctive Collins Arch building is set to be a landmark in urban sustainability, targeting industry leading energy efficiency standards in a mixed-use building development.

The twin towers of the 47-level Collins Arch building – linked by an impressive skybridge – include 184 residential apartments, 50,000 square metres of premium office space across 24 levels, the 294-room 5-star W Hotel and a 1,000 square metre retail area.

The Collins Arch development will feature a range of industry leading clean energy technologies, including built in real-time energy monitoring and capacity for residential electric vehicle charging.

It will be designed to achieve a 5.5 star NABERS Energy rating for its premium commercial office space; a 4.5 star NABERS Energy rating for the W Hotel and a 7 star average NatHERS rating across the residential apartments.

The development will include high-efficiency air conditioning and energy efficient façade fabric insulation. Together these initiatives will lower energy consumption, lower carbon emissions and deliver improved operational efficiency across the project.

The clean energy initiatives are expected to deliver a minimum 20 to 25 per cent improvement on the development’s carbon footprint.

The CEFC has committed $100 million to the landmark development, which will shape the character of Melbourne’s city skyline for decades to come.  The CEFC’s finance for the project is about creating new environmentally-sustainable standards in Australian cities and locking in a low carbon approach to building design and management.

Last Updated: 03/01/2019
NY Green Bank | December 2018 | New York, USA
Residential  | Solar | Debt Investment | Co-investment, Demonstration, Term loan facility | View on Member website

Delaware River Solar, LLC (DRS) is a NY-based solar development company based out of Callicoon, New York State (NYS), that finances, builds, and operates Community distributed generation (DG) projects. DRS engaged NYGB to provide financing support for the development of the DRS Community DG portfolio in NYS.

Under the New York State Public Service Commission Standardized Interconnection Requirements and Application Process, developers seeking interconnections for their projects are required to make a deposit of 25.0% of the interconnection upgrade estimates followed by full payment 120 business days later.

In April 2018, NY Green Bank entered into an agreement with DRS  to provide a $7.0 million bridge loan to finance the interconnection expenses of their community distributed generation projects in New York State. In July 2018, NYGB committed an additional $55.0 million to participate in a term loan to finance the capital costs of DRS’s Community DG portfolio of projects. In December 2018, NYGB committed a further $25.0 million to provide a construction facility for Community DG projects in NYS. Collectively, these transactions are initially expected to support the deployment of up to 70.0 megawatts of solar photovoltaic in NYS, providing residents and businesses with a greater variety of energy choices and, ultimately, lower-cost clean energy opportunities.

Last Updated: 03/01/2019
Green Investment Group | December 2018 | Grangemouth, Scotland
Utility  | CHP, Waste-to-Energy | Equity Investment | Co-investment | View on Member website

Green Investment Group, the specialist green energy project developer and investor, and Covanta, the world’s leading energy-from-waste (EfW) owner and operator, announced financial close on the acquisition of a 50 per cent stake in the Earls Gate Energy Centre (EGEC). EGEC is a 21.5 MWe combined heat and power energy-from-waste facility located in Grangemouth, Scotland. EGEC will prevent 216,000 tonnes of mixed household, commercial and industrial waste from entering landfill per annum. Instead, the waste will be converted into 79GWh of green electricity and 81GWh of heat in the form of steam each year. Working closely with co-investor and developer Brockwell Energy who own the remaining 50 per cent stake, the facility will become a direct source of reliable, green, low-cost energy for local businesses located at Earls Road. Chemical manufacturer and site service provider, CalaChem, has entered into a long-term Energy Supply Agreement (ESA) for the offtake of electricity and steam produced by EGEC. The total project value is approximately £210 million.

Last Updated: 12/19/2018
Clean Energy Finance Corporation | December 2018 | Australia
Utility  | Energy Storage, Onshore Wind, Solar, Waste-to-Energy | Equity Investment | Cornerstone stake | View on Member website

The Australian Renewables Income Fund (ARIF), a renewable energy fund managed by Infrastructure Capital Group, will focus on acquiring and developing large-scale wind and solar developments, as well as energy-from-waste projects, large-scale battery storage and pumped hydro.  The CEFC has made a cornerstone equity commitment of up to $100 million to ARIF. The CEFC’s commitment is directed towards further renewable energy asset purchases, including yet-to-be developed large-scale assets, as well as operating projects. Based on previous investment experience, the CEFC expects its investment to contribute to the development of some 260MW in renewable generation assets, with the potential to deliver carbon abatement of about 630,000 tonnes a year.

There are currently limited fund style opportunities for institutional investors seeking equity exposure to renewable energy assets. The CEFC is investing in ARIF to expand the availability of tailored renewable energy investment options for investors, and to respond to the expectations of fund members. It is also helping increase the amount of finance available for large-scale renewable energy projects, especially at the early stage of development.

ARIF has three operating seed assets: – the 55MW Mumbida Wind Farm south-east of Geraldton in Western Australia; the 132MW Hallet 4 Wind Farm in Brown Hill South Australia and the 107MW Bald Hills Wind Farm, in Gippsland Victoria. All three assets have current contracted power purchase agreements with major entities.

Last Updated: 12/17/2018
Clean Energy Finance Corporation | December 2018 | South Australia, Australia
Utility  | Onshore Wind | Debt Investment | Co-investment, Demonstration | View on Member website

The CEFC and specialist infrastructure debt investment manager Westbourne Capital have committed AU$160 million in finance to construct Stage II of Nexif Energy’s Lincoln Gap Wind Farm in South Australia. The additional CEFC commitment, of AU$50 million, takes its overall senior debt commitment in the project to AU$200 million, representing its largest investment in a single wind farm development to date. When complete, the Lincoln Gap Wind Farm near Port Augusta will have a total generating capacity of more than 212 MW, producing enough energy to power 155,000 homes. It will offset some 680,000 tonnes of carbon emissions annually. CEFC Wind sector lead Andrew Gardner said: “This debt finance package sees Westbourne Capital participating as a mezzanine debt lender alongside our senior debt commitment. “The ability to fold mezzanine debt into finance for new build wind farms in this manner creates new investment opportunities for non-bank lenders to further support the growth of the renewable energy sector.”

Last Updated: 12/10/2018
NY Green Bank | October 2018 | New York City, NY, USA
C&I  | Energy Efficiency | Debt Investment | Co-investment, Standardization/Data collection | View on Member Website

Ecosave Inc. is an energy efficiency services company providing turnkey design, engineering, construction, management, and maintenance services for mid-sized commercial customers through an energy services agreement (ESA) model. NYGB is committing $2.0 million alongside capital from NYCEEC to finance an ESA between Ecosave and the Hebrew Home at Riverdale, a senior care facility in the Bronx. Using NYGB capital, energy efficiency improvements including LED lighting retrofits and HVAC upgrades will be installed at no upfront cost to the customer, and a portion of the resulting energy savings will be used to repay the lenders over time.

This transaction establishes greater performance history for energy efficiency projects with medium-sized, unrated, commercial and industrial (“C&I”) customers, an asset class that historically has reduced access to commercial capital. The installation is expected to reduce at least 560 metric tons of GHG emissions annually or 8,460 metric tons of GHG emissions over the 15-year project life. The transaction will help to demonstrate viability of the ESA model, drawing new investors and financial institutions into the marketplace. This fits within NYGB’s strategy to increase liquidity and drive additional volume in the NYS energy efficiency sector, ultimately lowering the cost of capital for energy efficiency retrofits.

Last Updated: 03/01/2019
NY Green Bank | December 2018 | New York, USA
C&I, Residential  | Solar | Debt Investment | Demonstration | View on Member website

CCR is developing a portfolio of Community distributed generation (DG) solar projects in New York State (NYS). Under the New York State Public Service Commission Standardized Interconnection Requirements and Application Process, developers seeking interconnections for their projects are required to make a deposit of 25% of the interconnection upgrade estimates followed by full payment 120 business days later. In August 2017, NYGB and CCR closed a Bridge Loan for up to $11.5 million to finance those interconnection deposit payments to NYS utilities, which will be used for as many as 72 Community DG solar projects. In December 2017, the Bridge Loan was increased by $13.5 million and extended until December 2019 to finance a portion of the balance of the estimated interconnection upgrade payments. In December 2018, the Bridge Loan was further increased by $20.0 million to a total $45.0 million facility, and extended until April 2021, to finance interconnection deposit payments and support CCR’s development of its NYS solar assets.

Last Updated: 03/01/2019
Clean Energy Finance Corporation | October 2018 | Western Region, Australia
Utility  | Biogas | Debt Investment | Co-investment, Demonstration | View on Member website

CEFC committed up to AU$90 million towards Australia’s first large-scale energy from waste (EfW) project – a state-of-the-art plant at Kwinana in Western Australia capable of producing 36MW of electricity, enough to power up to 50,000 homes. The Kwinana plant will use technology that already has a strong track record in Europe and meets strict environmental requirements. The thermally-treated waste heats water into steam to produce electricity, with metals recovered for recycling and other by-product materials suitable for reuse in the construction industry. The Kwinana plant is being developed by Phoenix Energy and Macquarie Capital and global fund manager DIF holds a majority equity stake. It is expected to employ around 800 workers during its three-year construction phase, and some 60 operations staff on an ongoing basis. It has secured long-term supply contracts for the majority of its waste requirements from the Rivers Regional Council and the City of Kwinana. The CEFC finance is part of a AU$400 million debt syndicate that also includes SMBC, Investec, Siemens, IFM Investors and Metrics Credit Partners, some of which have prior experience in banking EfW projects globally. The Australian Renewable Energy Agency (ARENA) is contributing a further AU$23 million in grant funding.

Last Updated: 10/26/2018
Clean Energy Finance Corporation | October 2018 | Australia
C&I  | Biomass, Energy Efficiency, Solar, Waste Management | Debt Investment | Demonstration | View on Member website

Australia’s Visy Industries will increase its capacity to recycle waste materials by 10 per cent with a pipeline of projects to improve the overall energy efficiency and renewable energy use of its large-scale Australian manufacturing operations.

A global leader in the packaging, paper and resource recovery industries, Visy provides high quality, innovative and sustainable packaging products and solutions. As a major Australian manufacturer, Visy is leading the way in investing in energy efficient equipment and technologies to help power its 24-hour operations.

Visy recycles 1.2 million tonnes of paper and cardboard each year. Drawing on AU$30 million in debt finance from the CEFC, Visy expects to increase this capacity by 10 per cent with upgrades to existing recycling infrastructure as well as investments in new equipment to support greater resource recovery.

Last Updated: 10/03/2018
NY Green Bank | October 2018 | Chemung County, NY, USA
C&I, Residential  | Solar | Debt Investment | Standardization/Data collection | View on Member Website

BlueRock is developing and operating a portfolio of Community DG projects in NY, with a current pipeline of 20.0 MWdc. In 2017, BlueRock partnered with Renovus Solar, Inc. to develop and build the Renovus Rock, LLC project, a 646.0 kWdc project located in Millport, NY that has been operating since April 2017. BlueRock is now the sole owner of the project. NYGB has provided the Term Loan of $775,000, secured by the Renovus Rock, LLC project to support the development BlueRock’s Community DG portfolio in NYS.

This transaction is estimated to support the deployment of Community DG projects in the State which will provide commercial and residential project subscribers access to reliable, clean, low-cost energy. As there is increasingly strong demand for Community DG throughout NYS, growth of this asset class through the deployment of projects offers and requires participation by capital providers. Products like the Term Loan are expected to ultimately be offered by private capital providers in future to finance Community DG portfolios-at scale.

Last Updated: 03/01/2019
Clean Energy Finance Corporation | October 2018 | South Australia, Australia
Residential  | Energy Storage, Solar | Debt Investment | Co-investment, Demonstration | View on Member website

South Australian households can draw on cost-competitive CEFC finance to install home solar and battery storage under the South Australian government’s Home Battery Scheme. The CEFC has committed up to AU$100 million to finance loans for the scheme, with the finance available through RateSetter’s new South Australian ‘green lending’ platform Under the Scheme, 40,000 South Australian households have access to up to AU$6000 in government subsidies to put toward the cost of the battery component of solar and battery installations. The CEFC will finance loans where the upfront costs of the home battery system installations are not met by the subsidies. RateSetter and the CEFC have been working together since May 2017, when the CEFC made a AU$20 million commitment to kick-start RateSetter’s Green Loan Marketplace for borrowers looking to buy or install energy efficient and solar products.

Last Updated: 10/26/2018
Clean Energy Finance Corporation | July 2018 | Tasmania, Australia
Utility  | Onshore Wind | Equity Investment | Co-investment | View on Member website

The 112MW Granville Harbour Wind Farm will boost Tasmania’s wind energy capacity by about a third.

On a 1,200 hectare cattle farm on Tasmania’s west coast, the Granville Harbour Wind Farm is owned by Palisade Investment Partners on behalf of its clients and has a long-term power purchase agreement with Hydro Tasmania.

It is expected to create 200 jobs during construction. Once operational, the AU$280 million wind farm’s 31 turbines are expected to generate enough electricity to power 40,000 homes.

The Granville Harbour development is part of an increasing focus on wind energy in Tasmania, which will see considerable investment in regional areas of the state over the coming years.

Tasmania is targeting 100 per cent renewable energy by 2022 and is looking towards becoming a net exporter of electricity by supplying renewable energy to the National Electricity Market.

Tasmania currently has about 90 per cent of its electricity generated from renewables, with the bulk coming from its hydro-electric resources.

The CEFC’s AU$59 million finance towards the project is in two parts – a direct equity commitment of AU$25 million and a further AU$34 million in equity commitment via the Palisade Renewable Energy Fund (PREF).

Last Updated: 07/27/2018