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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Rhode Island Infrastructure Bank | Open Program Since 2015 | Rhode Island, USA
Utility  | Drinking/Waste Water Management | Debt Investment | Capacity development: Technical assistance, Guarantee/insurance, Refinancing | View on Member website

The Drinking Water State Revolving Fund (DWSRF) is a financing program that provides below-market interest rate loans to community public water systems, nonprofit noncommunity public water systems, privately organized water suppliers and local governmental units to complete water infrastructure projects.

Eligible projects those that relate to the planning, design and construction of safe drinking water supply, treatment, and transmission infrastructure. Eligible uses of financing may also include:

  • land acquisition
  • water supplier restructuring (consolidation of existing water suppliers)
  • refinancing of existing debt
  • guaranteeing or purchasing insurance for local debt obligations.

The Infrastructure Bank provides approved borrowers with a discounted interest rate – currently 25% off an independently determined market rate. For a project to be eligible for financing, it must first be placed on the Rhode Island Department of Health’s (DOH) Project Priority List (PPL), which is produced at least once annually based on transparent scoring criteria, and also receive a Certificate of Approval from DOH. Interested borrowers should contact our staff to discuss the potential project. 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. Since the inception of the DWSRF, RIIB has provided $450 million in loans to Rhode Island public water systems.

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

The Community Septic System Loan Program (CSSLP) is a lending program that provides low-cost, long-term financing to residential property owners for the repair or replacement of substandard or failing septic systems or to replace cesspools when the homeowner wishes to upgrade to a septic system.

  • 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 $25,000 with a term of up to ten years (maximum loan amount varies by community)
  • Funds may be used to pay for engineering costs in addition to construction work
  • Rhode Island Housing is responsible for underwriting and servicing loans made through the program

As a prerequisite to a homeowner participating in the program, your community must have an On-Site Wastewater Management Plan approved by the Rhode Island Department of Environmental Management (DEM). In addition, the municipality must be on DEM’s Project Priority List and be issued a Certificate of Approval. The municipality may then apply to the Bank for a lending facility, the proceeds of which can utilized to make direct loans to homeowners.

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

The Clean Water State Revolving Fund (CWSRF) is Rhode Island’s largest and most important water pollution abatement financing program. Through the program, municipalities and quasi-public agencies are able to access below-market interest rate loans for the completion of projects that mitigate water pollution.

Eligible projects include:

  • construction and upgrade of wastewater collection systems and treatment facilities
  • stormwater pollution prevention and treatment facilities
  • nonpoint source pollution (e.g. stormwater) best management practices
  • other water pollution abatement and water quality protection activities

The Infrastructure Bank provides approved borrowers with a discounted interest rate – currently 33% off the borrower’s market rate. The Rhode Island Department of Environmental Management (DEM) is the Infrastructure Bank’s regulatory partner for the CWSRF. For a project to be eligible for financing, it must first be placed on DEM’s Project Priority List (PPL), which is produced at least once annually based on transparent scoring criteria, and receive a Certificate of Approval from DEM. Projects are awarded financing based on their ranking on the PPL, readiness to proceed, and availability of funds. Since the inception of the CWSRF, the Infrastructure Bank has provided $1.3 billion in loans to Rhode Island communities, Narragansett Bay Commission, Providence Water Supply Board and Rhode Island Airport Corporation.

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

The Brownfields Revolving Loan Fund makes financing available to public, private and non-profit borrowers for the remediation of properties contaminated with hazardous substances. Conducting environmental cleanups enables these properties to be redeveloped and returned to productive use. Financing terms for loans made through the Brownfields Fund, including interest rates, fees and loan term, are made on a case-by-case basis.

The Department of Environmental Management (DEM) is the Infrastructure Bank’s regulatory partner for the Brownfields Fund. For a project to be eligible for financing through the Brownfields Fund, it must first be placed on DEM’s Project Priority List (PPL).

Remediated brownfields are perfect locations for siting clean energy infrastructure! Click here for presentations on this topic made at the 2018 Rhode Island Infrastructure Summit.

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

The Efficient Buildings Fund (EBF) provides attractive, long-term financing to municipalities and quasi-public agencies for the completion of energy efficiency and renewable energy projects. EBF seeks to finance energy retrofits in public buildings that will result in electric and heating savings greater than 20% across all properties receiving improvements. To date, the Infrastructure Bank has made $28 million in loans through the Efficient Buildings Fund.  Eligible properties include municipal buildings, schools, publicly-owned utilities, such as wastewater or drinking water facilities, and quasi-state entities. Financing can be repaid over terms of up to 15 years and can be structured to provide annual cash-flow savings to the borrower. The Rhode Island Office of Energy Resources (OER) is the Bank’s regulatory partner for the program. For a project to be eligible for financing, it must first be placed on OER’s Project Priority List (PPL). OER ranks and scores project applications based on transparent scoring criteria, which results in the production of a PPL at least once annually. Interested borrowers should contact our staff to discuss the potential project. Projects are awarded financing based on their ranking on the PPL, readiness to proceed and availability of funds.

Last Updated: 02/05/2019
Green Investment Group | February 2015 | Hoddesdon, Hertfordshire, UK
Utility  | Biomass | Debt Investment, Equity Investment | Co-investment | View on Member website

GIB invested total of GB£29.8 million via loans and equity stake in this biomass plant in Hertfordshire, UK.

Last Updated: 05/01/2018
CT Green Bank | January 2015 | Colebrook, Connecticut, USA
C&I  | Onshore Wind | Debt Investment | Co-investment, Demonstration | View on Member website

BNE Energy’s Colebrook South facility harnesses the power of the wind to generate electricity at the state’s first commercial wind farm. The project has a capacity of five megawatts and is now powering approximately 1,500 – 2,000 homes. The project was financed by a US$14.9 million construction loan from Webster Bank, a US$2 million loan from the Connecticut Green Bank and US$5.6 million from a California bank tied to federal tax credits.

Last Updated: 09/01/2018
Clean Energy Finance Corporation | January 2015 | Australia, Australia
C&I  | Solar | Debt Investment | Fund investment | View on Member website

CEFC is providing up to AU$20 million in senior debt finance to ET Solar Australia for a new solar Power Purchase Agreement (PPA) programme aimed at commercial premises with an emphasis on high energy users, including shopping centres, mining and manufacturing businesses. ET Solar will provide up to AU$13.3 million in equity.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | December 2014 | Australia, Australia
Utility  | Onshore Wind, Solar | Debt Investment | Cornerstone stake | View on Member website

CEFC committed to provide a cornerstone investment of up to AU$75 million in the inaugural issue of National Australia Bank’s Climate Bond issuance. This is an Australian first for an Australian dollar denominated and Australian asset linked bond of its kind. The NAB Climate Bonds are senior unsecured NAB corporate bonds for financing a portfolio of renewable energy assets and facilities in Victoria, South Australia, Tasmania, Western Australia, NSW and the ACT. The CEFC’s investment will finance projects that meet the CEFC’s investment eligibility criteria. This NAB Climate Bond will be certified in compliance with international Climate Bonds Standards, a global benchmark which assists investors identify investments which contribute to climate change solutions.

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | November 2014 | Miyazaki, Japan
Utility  | Biomass | Equity Investment | Co-investment | View on Member website

GFO committed to invest US$3 million equity in this woody Biomass project in Miyazaki.

Last Updated: 05/01/2018
Green Investment Group | November 2014 | North Yorkshire, UK
Utility  | Waste-to-Energy | Debt Investment, Equity Investment | Co-investment | View on Member website

GIB invested GB£33.4 million via loan and equity stake purchase in this waste treatment plant in North Yorkshire.

Last Updated: 05/01/2018
Green Investment Group | November 2014 | NW England, UK
Utility  | CHP | Debt Investment, Equity Investment | Co-investment | View on Member website

GIB provided GB£16.9 million of mezzanine loans and is also making a GB£13.2 million equity investment via its Foresight-managed fund, UKWREI, in the Widnes CHP plant. The remainder of the GB£42.1 million mezzanine finance is being provided by GCP Infrastructure Investors. Investec Bank plc and Eksport Kredit Fonden (EKF) have also jointly committed GB£42.5 million of senior loans to the project, while Stobart (GB£9.8 million) and BWSC (GB£2.6 million) will both take equity stakes.

Last Updated: 05/01/2018
Green Investment Group | September 2014 | UK, UK
MUSH  | Energy Efficiency | Debt Investment | Co-investment | View on Member website

The NHS is one of the UK’s most energy intensive organisations, spending more than GB£750 million on energy costs each year. GIB and DLL are working with NHS Trusts to improve energy efficiency and save money. GIB and DLL committed GB£50 million of funding for NHS energy efficiency measures, with both parties investing GB£25 million.

The first project funded by the alliance will be at Queen’s Medical Centre, part of Nottingham University Hospitals NHS Trust, where GB£7.5 million is being invested to finance the installation of a suite of energy production and reduction measures. The project has been developed under the Carbon and Energy Fund (CEF) framework and it will be delivered by the energy services company, Interserve. As with previous NHS energy efficiency projects, the Trusts and Health Boards that will benefit from the new funding won’t need to find the capital upfront. The money saved by reducing their energy bills more than covers the cost of the repayments.

Last Updated: 05/01/2018
Green Investment Group | August 2014 | Speyside, Scotland
Utility  | CHP | Equity Investment | Co-investment | View on Member website

John Laing and GIB invested GB£26 million via equity investment in the Speyside project. The remainder of the funding, in the form of debt came from a bond issued by the project company and listed on the London Stock Exchange. These bonds are guaranteed by Infrastructure UK, part of HM Treasury. GIB and John Laing’s investment were conditional on the successful conclusion of the bond process.

Last Updated: 05/01/2018
Green Investment Group | August 2014 | Derby, UK
Utility  | Waste-to-Energy | Debt Investment | Co-investment | View on Member website

GIB invested GB£64 million into a new energy from waste plant in Derby. The project is being developed by Derby City and Derbyshire County Councils, alongside sponsors Interserve plc and Shanks Group plc. GIB will provide long-term loan financing alongside Germany’s Bayerische Landesbank and Japan’s Sumitomo Mitsui Banking Corporation, with each bank providing a third of the loan funding, totalling up to GB£195 million.

The new facility in south Derby will process waste from households in Derby and Derbyshire. It will see an increase in the amount of waste that is recycled with the remaining treatable waste converted into energy using an innovative gasification technology. The project will generate enough electricity to power 14,000 homes. The project also involves running all Derby and Derbyshire’s household waste recycling centres. Following a 32 month construction period, the project will operate for 25 years.

The project will recycle over 35,000 tonnes of materials per year and divert over 170kt/year of waste from landfill.

The project will see 250 people recruited to work on construction of the new facility and 34 new permanent roles to operate it. The gasification plant will be supplied by Energos, a UK-based company supplying advanced gasification plants around Europe.

The project will be the first long term, project financed, municipal gasification plant in the UK. This is important in demonstrating the investment potential of this type of technology.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | July 2014 | Australia, Australia
C&I  | Solar | Debt Investment | Co-investment | View on Member website

CEFC committed to provide up to AU$20 million senior debt finance to enable Australian solar PV company, Tindo Solar, to locally manufacture, install and own rooftop solar arrays and sell the power to the building occupants under a new power purchase agreement (PPA) programme. The financing is being provided through the Solaire Income Fund.

The Solaire Income Fund, being established by Lighthouse Infrastructure and the Impact Investment Group, will provide additional finance. Lighthouse Infrastructure and the Impact Investment Group are establishing the AU$200 million Solaire Income Fund to provide long-term stable returns to investors through investment in solar PPAs and related assets. The Fund will invite investors to provide equity finance in addition to the CEFC’s finance to support Tindo’s rollout of its solar PPA program.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2014 | New South Wales, Australia
C&I  | Biogas, Energy Efficiency | Debt Investment | Co-investment | View on Member website

CEFC provided AU$15 million debt facility to support whole of abattoir/rendering plant upgrade located in regional New South Wales. It is also co-financed by Bindarees Beef’s own bank. It includes anaerobic digestion, electricity generation and heat capture for use within the meat manufacturing sector.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2014 | Australia, Australia
C&I, Utility  | Energy Efficiency, Low Emissions Transport, Onshore Wind, Solar | Debt Investment, Equity Investment | Cornerstone stake, Fund investment | View on Member website

CEFC worked with the Direct Infrastructure division of Colonial First State Global Asset Management (CFSGAM) to establish Australia’s first unlisted clean energy direct infrastructure investment platform for institutional investors, the CFS Australian Clean Energy Infrastructure Fund. The CEFC will provide up to AU$80 million of debt and equity as the initial cornerstone investor in the wholesale infrastructure investment platform that will invest in renewable energy, energy efficiency or low emissions technology. To grow the opportunity, CFSGAM will seek to raise a further AU$300-$500 million.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2014 | Pilbara, Australia
Utility  | Waste-to-Energy | Debt Investment | Co-investment, Demonstration | View on Member website

CEFC will provide up to AU$50 million in senior debt finance for
development of two Western Australian waste-to-gas facilities by New Energy Corporation. This is Western Australia’s first municipal waste-to-gas project. The facilities will recover municipal, industrial and commercial waste streams and sell the generated power (estimated as 70% renewable) most likely to local large energy users (e.g. local water or port authorities).

CEFC financing will be for about one quarter of the total project cost and will be supplemented by a similar level of financing from another bank, with the balance of half the project cost funded through equity. No concessionality applies. The CEFC’s finance for New Energy will assist in developing what is the first municipal waste-toenergy gasification project within Australia, and help
facilitate access to private sector funding for other waste-to-energy facilities in the future.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2014 | Australia, Australia
C&I  | Solar | Debt Investment | Fund investment | View on Member website

CEFC is providing up to AU$70 million senior debt finance under a AU$116 million solar PV power purchase agreement (PPA) program to be delivered by a leading US vertically integrated solar company. SunEdison will enter the Australian market with a range of differentiated finance products including leasing and PPAs. This program will support expansion of the solar PV market in Australia, bringing new financing options and leading international expertise to large commercial customers with system requirements exceeding 100kW (AU$20 million) and National Consumer and Small-to-Medium Enterprise customers (AU$50 million). SunEdison will be contributing equity to the programme to bring the total programme funding to AU$116 million.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2014 | Alice Springs, Northern Territory, Australia
Utility  | Solar | Debt Investment | Co-investment | View on Member website

CEFC provided AU$13 million in construction and term finance for a 5MW portfolio of four solar PV plants, 3 of which are in remote communities, the fourth in Alice Springs. Total cost of the plants is AUD 15m. The CEFC’s loan will allow construction of a 3.1 MW expansion project. 2 of the solar plants have long-term power purchase agreements with the Northern Territory’s Power and Water Corporation. Epuron is investing equity in the form of expansion capital and the value of the Uterne 1 and TLKN assets into the transaction. There is no concessionality.

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | March 2014 | Akita, Japan
Utility  | Waste-to-Energy | Equity Investment | Co-investment | View on Member website

GFO committed to invest US$1 million equity in this project in Akita, Japan. The plant will generate power from waste (eg raw garbage), providing an alternative to municipal waste incineration.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | March 2014 | Perth, Australia
C&I  | Wave | Debt Investment | Co-investment, Demonstration | View on Member website

CEFC provided a AU$20 million debt funding facility to assist in the final stage of the development and commercialisation of wave power technology, known as the CETO technology (CETO 6) in Perth. The CEFC, in conjunction with Carnegie, developed a new hybrid corporate loan/project finance financing structure tailored for this transaction and the CETO technology development. The new financing model is designed to lower the financing risks. The loan is structured to fund the development of a specific project but with security over the assets of the company including any cash refunds the company will receive under the R&D tax incentive. While technically a corporate loan, this has a high level of structural controls such as those usually found in project finance transactions. This financing structure can have wider application for other emerging energy technology projects, and be used by other financers to accelerate development of the renewable energy industry in Australia.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | March 2014 | New South Wales, Australia
C&I  | Energy Efficiency | Debt Investment | Fund investment | View on Member website

CEFC provided AU$100 million of debt finance to Balmain Funds Management for deep retrofit projects targeting commercial properties that will help reinvigorate Australia’s ageing building stock and improve its energy productivity while reducing operating and maintenance cost.The CEFC finance will be used for major building retrofits that lift a property’s National Australian Built Environment Rating System (NABERS) rating by at least two stars, up to at least four stars (or the equivalent thereof).

Last Updated: 05/01/2018
Green Investment Group | March 2014 | Liverpool Bay, off the North Wales coast, UK
Utility  | Offshore Wind | Equity Investment | Co-investment, Demonstration | View on Member website

GIB bought 10% equity from RWE Innogy at purchase price of GB£ 220 million in this offshore wind project in Liverpool Bay. GIB’s stake in the wind farm was subsequently acquired by the GIB Financial Services-managed Offshore Wind Fund in October 2015.

Last Updated: 05/01/2018