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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Green Investment Group | August 2015 | England, UK
MUSH  | Energy Efficiency | Debt Investment | Demonstration, Standardization/Data collection | View on Member website

Southend-on-Sea Borough Council was the first local authority in England to secure finance from the GIB to replace its existing streetlights with lower energy alternatives. GIB and its legal advisors Shepherd and Wederburn LLP have standardised the Green Loan investment process to save the public sector time and money in agreeing a financing package for energy efficiency projects.

GIB agreed to provide funding of GB£8.2 million alongside a grant of GB£5.1 million from the Department for Transport (DfT) as part of a GB£13.5 million programme of refurbishments that will see 14,000 lanterns and around 4,000 other pieces of illuminated street furniture, replaced with energy-saving LED alternatives.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | July 2015 | Perth, Australia
Utility  | Energy Storage, Solar | Debt Investment | Co-investment, Demonstration | View on Member website

CEFC committed up to AU$15 million finance towards the AU$40 million Integrated Solar and Battery Storage project in north-east of Perth in Western Australia. The Australian Renewable Energy Agency (ARENA) is supporting the project with AU$20.9 million funding. Leading French renewable energy firm Neoen has acquired the project and is providing equity towards it. A six-year power purchase agreement will enable Sandfire Resources to access the power generated by the solar plant at agreed rates. If the mine continues operating past this point, ARENA funding will be paid back as the plant continues to generate solar energy.

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | July 2015 | Kagoshima, Japan
Utility  | Equity Investment | Co-investment | View on Member website

GFO committed to invest US$5 million in a fund with Kagoshima Development Co., Ltd. for a hot renewable power generation projects in Kagoshima. This is the regional fund jointly organized and operated by both local governments and financial institutions to promote renewable energy power generation projects with local companies in Kagoshima.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2015 | Northern Territory, Australia
C&I  | Solar | Debt Investment | Co-investment | View on Member website

CEFC loaned AU$4.7 million to Epuron to construct, own and maintain a AU$7 million, 1.8MW solar photovoltaic system at the Ayers Rock Resort. ARENA is also contributing funding.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2015 | Australia, Australia
C&I, Residential  | Energy Efficiency, Low Emissions Transport | Debt Investment | Fund investment | View on Member website

CEFC provided AU$50 million through Firstmac to fund business and personal asset finance leases and loans to boost the uptake of energy efficient equipment and low emissions and electric vehicles.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2015 | Queensland, Australia
Utility  | Waste-to-Energy | Debt Investment | Demonstration | View on Member website

Queensland-based Landfill Gas Industries (LGI) is expanding its waste-to-energy operations with finance from CEFC. LGI was one of the successful bidders in the first round of contracts under the Australian Government’s new Emissions Reduction Fund (ERF). Up to AU$10 million in CEFC finance will facilitate LGI’s installation of 6 MW of electricity generation using biogas-fired generators at six landfill sites in Southern and Central Queensland. The CEFC finance demonstrates the CEFC’s potential to accelerate projects that abate carbon and are eligible for funding through the ERF.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2015 | Australia, Australia
C&I, Residential  | Solar | Debt Investment | Fund investment | View on Member website

CEFC provided up to a AU$100 million loan to major energy retailer Origin to assist in its rollout of solar PV for Australian households and business. With Solar as a Service, Origin owns, installs and maintains the rooftop solar systems, and eligible residential and business customers are able to buy the solar energy generated from the solar system at a lower rate than average retail electricity tariffs.

Last Updated: 05/01/2018
Green Investment Group | May 2015 | UK
C&I, Utility  | Biogas, Onshore Wind, Small Hydro, Solar | Equity Investment | Co-investment, Fund investment | View on Member website

Albion Community Power builds, controls and operates community-scale renewable projects across the UK. It is one of the largest single sources of equity funding available for projects in the sector. GIB and Strathclyde Pension Fund (SPF) and Greater Manchester Pension Fund (GMPF) committed GB£50 million, GB£10 million and GB£10 million respectively to ACP in 2015. The finance will be used to provide equity funding of between GB£1 million and GB£10 million for a broad range of community-scale renewable construction projects including run-of-river hydro-power, onshore wind on brownfield sites such as industrial estates, and biogas projects including anaerobic digestion and landfill gas.

The pipeline will be built in partnership with project developers such as Infinite Renewables, based in Bridgend, Wales, and Green Highland Renewables, based in Perth, Scotland. ACP’s objective is to create a portfolio of small, decentralised renewable generation projects closer to the sources of demand.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | May 2015 | Australia, Australia
C&I  | Energy Efficiency | Equity Investment | Cornerstone stake, Fund investment | View on Member website

CEFC committed up to AU$125 million as cornerstone equity in the High Income Sustainable Office Trust (HISOT), a new AU$400 million wholesale property fund working to improve the energy performance of commercial office properties in major metropolitan markets on the eastern seaboard. Managed by leading real estate fund manager EG, HISOT will buy and refurbish office properties to significantly lift their energy and operating performance. The fund is targeting a portfolio about 12 core Australian commercial properties in major metropolitan office markets on the eastern seaboard.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | May 2015 | Australia, Australia
C&I  | Energy Efficiency | Debt Investment | Co-investment, Fund investment, Interest rate buy-down | View on Member website

CEFC provided AU$120 million through the National Australia Bank (NAB) to support a major investment programme to help Australian businesses cut their energy and operating costs and lift business performance. The NAB’s AU$120 million CEFC-supported program, which provides 0.7% pa off equipment finance rate on qualifying assets for the life of the loan, is available across a broad commercial base, with a particular emphasis on agribusiness and regional Australia. The finance supports small and large-scale projects of up to AU$5 million, with the benefits of the CEFC investment flowing directly through to the business operators. Equipment, loan, hire purchase or finance lease options are available as well as tailored repayments to suit cash flows. Typically no deposit is required up front.

Last Updated: 05/01/2018
Green Investment Group | May 2015 | Sussex coast, UK
Utility  | Offshore Wind | Equity Investment | Demonstration | View on Member website

GIB acquired a GB£236 million stake in the 400MW Rampion Offshore Wind Farm. The project has been developed by E.ON, which will continue to own the remaining shares in the joint venture. Rampion was constructed 13km off the Sussex coast in the English Channel.

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | March 2015 | Akita, Japan
Utility  | Biomass | Equity Investment | Co-investment | View on Member website

GFO committed to invest US$7 million equity in this woody Biomass project in Akita. A special purpose company was created for the project called “United Renewable Energy Company”.

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | March 2015 | Nagano, Japan
Utility  | Biomass | Equity Investment | Co-investment | View on Member website

GFO committed to invest US$5 million equity in this woody Biomass project in Nagano.

Last Updated: 05/01/2018
Green Investment Group | March 2015 | Glasgow City, UK
MUSH  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

GIB financed the first wave of the Glasgow City Council’s plan with GB£6.3 million to replace 70,000 existing streetlights with lower energy, lower cost alternatives.

Last Updated: 05/01/2018
Green Investment Group | March 2015 | Lanark, Scotland
Utility  | Waste-to-Energy | Equity Investment | Co-investment | View on Member website

GIB, Foresight Group and Zouk Capital LLP made equity investments in the construction of the GB£111 million Levenseat Renewable Energy Limited 12.3 MW energy from waste (EfW) plant and adjacent Materials Recycling Facility (MRF) at Forth by Lanark, Scotland. GIB provided an additional GB£10.3 million to the Foresight UKWREI fund (in which GIB is a cornerstone investor) to allow the fund to invest GB£28.3 million in the GB£111 million project.

The project is also backed by an equity investment from Levenseat Limited and senior debt from Investec Bank plc. The MRF will recover plastics, metals, paper and card for recycling. The project is forecast to recycle over a million tonnes of materials over its lifetime and will generate the heat required by the MRF.

Last Updated: 05/01/2018
Green Investment Group | March 2015 | Coast of Norfolk, UK
Utility  | Offshore Wind | Equity Investment | Co-investment, Demonstration | View on Member website

GIB made a GB£240 million investment in the UK’s offshore wind sector by purchasing a 20 per cent stake from Statkraft and Statoil in Scira Offshore Energy Limited (Scira), the owner of Sheringham Shoal offshore wind farm, for an agreed valuation of GB£240 million. The 317 MW offshore wind farm has been operating for two years in the Greater Wash area, between 17 and 23 kilometres off the coast of Norfolk.

The investment is part of a wider strategy, led by GIB, to strengthen the UK offshore wind sector by allowing developers to recycle capital into new projects and by attracting new investors into the sector. GIB’s stake in the wind farm was subsequently acquired by the GIB Financial Services-managed offshore wind fund in April 2015

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | March 2015 | Niigata, Japan
Utility  | Small Hydro | Equity Investment | Co-investment | View on Member website

GFO committed to invest US$0.35 million equity in this small hydro project in Niigata.

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | March 2015 | Japan
Utility  | Small Hydro | Equity Investment | Cornerstone stake, Fund investment | View on Member website

GFO committed to invest US$6 million in a fund with Mirai Energy Partners Inc. for hydro projects in Japan. This Mirai Hydro Power Limited Partnership Fund is to invest in the renewal of nationwide local hydropower generation owned by manufactuers and local governments.

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | March 2015 | Aomori, Japan
Utility  | Solar | Equity Investment | Co-investment | View on Member website

GFO committed to invest US$1 million equity in this Solar project in Aomori.

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | March 2015 | Ibaraki, Japan
Utility  | Solar | Equity Investment | Co-investment | View on Member website

GFO committed to invest US$0.4 million equity in this Solar project in Ibaraki.

Last Updated: 05/01/2018
Green Investment Group | March 2015 | Thames, UK
Utility  | Biomass | Debt Investment, Equity Investment | Co-investment | View on Member website

GIB and Irish electricity utility Electricity Supply Board (ESB) invested GB£35 million in combination of equity and stakeholder loans each in this biomass facility in the port of Tilbury. In addition, GB£2 million was provided by technology provider Aalborg Energie Technik and senior debt funding was provided by EKF (Eksport Kredit Fonden), Investec and Rabobank.

Last Updated: 05/01/2018
Rhode Island Infrastructure Bank | Open Program Since 2015 | Rhode Island, USA
Residential  | Drinking/Waste Water Management | Debt Investment | Consumer education/marketing | View on Member website

The Sewer Tie-In Loan Fund (STILF) is a lending program that provides low-cost loans to homeowners to connect to the local sewer system and abandon their individual septic system or cesspool.

  • Financing is interest-free, with borrowers only subject to a $300 loan origination fee and a 1% annual servicing fee on the outstanding loan balance (differs in some communities)
  • Residents may borrow up to $10,000 with a term of up to five years
  • The cost to properly abandon the existing septic system (pumping out its content and filling with sand) is also eligible
  • Funds cannot be used to connect newly-constructed homes to sewers, or to repair, replace, or upgrade existing sewer connections.
  • Rhode Island Housing is responsible for underwriting and servicing loans made through the program

For residents to access funds through STILF, a municipality must first be placed on DEM’s Project Priority List and be issued a Certificate of Approval for the project. The municipality can then apply to the Bank for a lending facility, the proceeds of which can be utilized to make direct loans to homeowners.

Last Updated: 02/05/2019
Rhode Island Infrastructure Bank | Open Program Since 2015 | Rhode Island, USA
Utility  | Drinking/Waste Water Management | Debt Investment | Capacity development: Technical assistance | View on Member website

The Water Quality Protection Charge (WQPC) program makes funds available to public drinking water suppliers to complete projects that protect sources of drinking water. Eligible projects include the purchase of watershed lands, property surveys and appraisals, water supply system management plans, and other physical improvements that directly protect the quality and safety of public drinking water supplies. Applications for funds must first be submitted to the Rhode Island Water Resources Board, which verifies project eligibility, and then a written request for funds can be submitted to the Infrastructure Bank.

Last Updated: 02/05/2019
Rhode Island Infrastructure Bank | Open Program Since 2015 | Rhode Island, USA
MUSH  | Debt Investment | Capacity development: Technical assistance | View on Member website

The Municipal Road and Bridge Revolving Fund (MRBRF) is a financing program that provides attractive long-term financing to municipalities for transportation infrastructure projects. Eligible projects include capital improvements to roads or bridges, and associated infrastructure, such as sidewalks. The Infrastructure Bank provides approved borrowers with a below-market interest rate – currently 33% off an independently determined market rate.

The Rhode Island Department of Transportation (RIDOT) is RIIB’s regulatory partner for the MRBRF. For a project to be eligible for MRBRF financing, it must first be placed on DOT’s Project Priority List (PPL), which is produced at least once annually using transparent scoring criteria. Projects are awarded financing based on the order in which they are ranked on the PPL, readiness to proceed, and subject to the availability of funds. To date, the Infrastructure Bank has made $50.7 million in Road and Bridge loans.

Last Updated: 02/05/2019
Rhode Island Infrastructure Bank | Open Program Since 2015 | Rhode Island, USA
MUSH  | Drinking/Waste Water Management, Energy Efficiency, Energy Storage, Solar | Debt Investment | Capacity development: Technical assistance | View on Member website

The Facility Plan Loan Program (FPLP) provides financing to local governmental units for the completion of water pollution abatement project facility plans, and amendments or updates to such plans. These facility plans are a prerequisite for projects seeking to receive financing through the Clean Water State Revolving Fund (CWSRF). Borrowers can receive up to $150,000 in financing for a loan term of up to three years at a below-market fixed interest rate.

Last Updated: 02/05/2019