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 | June 2023 | USA
MUSH  | Drinking/Waste Water Management, Resiliency and Adaptation, Storm Water Management, Water Conservation | Debt Investment | Demonstration, Fund investment | View on Member website

Rhode Island Infrastructure Bank has closed on a $1,000,000 Clean Water State Revolving Fund Loan, with $400,000 in principal forgiveness, for the City of Providence to conduct studies into water quality issues impacting Mashpaug Pond (phosphorous), Roger Williams Park Ponds (phosphorous and bacteria), the Woonasquatucket River (heavy metals and bacteria), and West River (bacteria). Once completed, the studies will also provide a series of Best Management Practices to improve stormwater management and water quality.

Last Updated: 09/01/2023
Rhode Island Infrastructure Bank | June 2023 | USA
MUSH  | Drinking/Waste Water Management, Energy Efficiency, Storm Water Management | Grant Investment | Demonstration | View on Member website

Rhode Island Infrastructure Bank has closed on a $5,500,000 Efficient Buildings Fund loan for numerous energy efficiency measures to be implemented at Providence Water’s water treatment facility and pump stations.

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

Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has awarded $632,100 in Sewer Overflow and Stormwater Reuse Municipal Grant Program funds for stormwater management projects in East Providence, Pawtucket, and Little Compton.

Last Updated: 09/01/2023
Rhode Island Infrastructure Bank | January 2023 | USA
MUSH  | Water Conservation | Debt Investment | Demonstration | View on Member website

Rhode Island Infrastructure Bank has closed on $15.8 million in loans for critical clean and drinking water infrastructure projects in the City of Newport.

Last Updated: 09/01/2023
Rhode Island Infrastructure Bank | December 2022 | USA
MUSH  | Drinking/Waste Water Management, Energy Efficiency | Debt Investment | Demonstration | View on Member website

Rhode Island Infrastructure Bank has closed on $9.8 million in loans for energy efficiency, drinking water, and septic system projects in the Town of Smithfield.

Last Updated: 09/01/2023
Rhode Island Infrastructure Bank | January 2023 | USA
MUSH  | Drinking/Waste Water Management, Energy Efficiency, Land Use, Water Conservation | Grant Investment | Demonstration | View on Member website

In August 2022, the Board of Rhode Island Infrastructure Bank voted to award a total of $1 million in Municipal Infrastructure Grant Program funds to the communities of Central Falls, New Shoreham, Burrillville, and Glocester for the completion of actionable, impactful projects identified through a request for proposals process

In January 2023, The Board of Rhode Island Infrastructure Bank voted to award a total of $2.5 million in Municipal Infrastructure Grant Program funds to the communities of Pawtucket, East Providence, North Providence, East Greenwich, Lincoln, and Cranston for the completion of actionable, impactful projects identified through a request for proposals process.

Last Updated: 09/01/2023
Rhode Island Infrastructure Bank | June 2022 | USA
MUSH  | Drinking/Waste Water Management | Debt Investment | Capacity development: Technical assistance | View on Member website

Rhode Island Infrastructure Bank closed on a $7.8 million Clean Water State Revolving Fund loan for the Town of Bristol to finance a number of upgrades to the town’s wastewater treatment facility including rehabilitating settling tanks, new dewatering equipment, and new piping.

Last Updated: 09/01/2023
New Zealand Green Investment Finance | July 2023 | New Zealand
Residential  | Solar | Debt Investment | Guarantee/insurance | View on Member website

NZGIF will supply up to $15m in working capital to Lodestone Energy, to further support the construction of five solar farms in New Zealand.

When completed, Lodestone’s solar farms will generate enough energy to power 50,000 average homes. Lodestone will become the largest independent solar energy generator in the country.

Last Updated: 09/01/2023
New Zealand Green Investment Finance | May 2023 | New Zealand
C&I  | Waste Management | Equity Investment | Co-investment | View on Member website

Kayasand, a distributor of premium sand manufacturing technology, is opening its first V7 high-technology manufacturing demonstration plant in New Zealand.
Kayasand’s plant uses waste products such as recycled glass, concrete and slag, and turns them into premium sand for concrete.

Kayasand has received the backing of New Zealand Green Investment Finance (NZGIF) via a $3.5 million equity investment. A further $1.8 million of private investment has been secured alongside the NZGIF investment bringing the total raise to $5.3 million.

Last Updated: 09/01/2023
New Zealand Green Investment Finance | May 2023 | New Zealand
Agriculture  | Bio-sequestration | Equity Investment | Co-investment | View on Member website

NZGIF has made a $2.5 million equity investment in Ruminant BioTech (RBT), an innovative agri-tech company that has developed a sustained release methane inhibitor for livestock which is designed to achieve significant methane reductions.

This investment will help accelerate the growth of a company developing decarbonisation solutions for our largest emitting sector – agriculture.

The investment has also attracted significant private co-investment, with NZGIF investing alongside several domestic and offshore investors as part of a recent capital raise conducted with assistance from Northington Partners. Co investors include the US-based climate-focused VC fund Regeneration.VC and the NZ-based Centre for Climate Action Joint Venture investment fund.

Last Updated: 09/01/2023
New Zealand Green Investment Finance | January 2023 | New Zealand
Transport  | Low Emissions Transport | Debt Investment | Demonstration | View on Member website

New Zealand’s electric vehicle charging network is getting a boost with New Zealand Green Investment Finance’s $1m investment in EV charger and network management company  Thundergrid.

Thundergrid specialises in supplying EV charging stations and managing charging networks for major corporates and government organisations. By installing smart EV charging technology that adjusts power use around existing loads, Thundergrid can ease the load on the energy grid and enable vehicles to run on electricity instead of fossil fuels.

NZGIF’s $1m debt facility will enable Thundergrid to accelerate its rollout of EV charging infrastructure, and develop other services to help its customers. This includes the ability to schedule charging to take place during off-peak times, making charging cheaper and more effectively distributing load on the national grid.

Last Updated: 09/01/2023
New Zealand Green Investment Finance | December 2022 | New Zealand
C&I  | Solar | Debt Investment | Demonstration | View on Member website

New Zealand Green Investment Finance (NZGIF) is investing $10m in Solagri Energy to help rollout solar energy to New Zealand farms in a deal announced today. Based in Canterbury, Solagri provides an innovative ‘solar as a service’ offering tailored specifically for dairy farms in New Zealand. Solagri arrays are normally ground mounted on a quarter hectare close to the dairy shed and provide the farm with low cost electricity and long term energy price security.

The $10m debt finance facility provided by NZGIF is expected to finance around 120 solar arrays over the next three years, and these arrays are expected to help avoid 36,100 tonnes of CO 2-e emissions over the life of the assets.

Last Updated: 12/07/2022
NY Green Bank | October 2022 | NY, USA
Utility  | Solar | Debt Investment | Demonstration | View on Member website

In June 2021, NY Green Bank (“NYGB”) committed $14.9 million to a construction-to-term facility to finance the construction of up to 12.5 MW of community distributed generation (“CDG”) solar projects in New York State (“NYS” or the “State”). NYGB committed an additional $50.9 million in October 2022 to support additional projects of up to 36.9 MW. This transaction is expected to provide NYS residents and businesses a greater variety of energy choices and, ultimately, lower-cost clean energy.

Last Updated: 09/01/2023
NY Green Bank | November 2022 | NY, USA
C&I, Residential  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

On April 2021, NY Green Bank (“NYGB”) committed $25.0 million to a construction loan to finance the construction of a 65-room, energy efficient hotel in Gardiner, NY, named Wildflower Farms (the “Project” or “Hotel”). NYGB committed an additional $4.0 million in November 2022, bringing the total commitment to $29.0 million. NYGB will be supporting the Project alongside CleanFund Commercial PACE Capital, Inc.,1 marking its first investment alongside a C-PACE capital provider. This transaction demonstrates NYGB’s commitment to supporting high performance buildings and represents NYGB’s first debt investment in an energy efficient (“EE”) new construction property.

Last Updated: 09/01/2023
NY Green Bank | January 2023 | NY, USA
Residential  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

NY Green Bank’s facility will fund predevelopment expenses for services such as architecture, engineering, and Housing  Quality Standards (“HQS”) renovations and surveys across 88 buildings in 15 communities, collectively known as the Reid Apartments and Park Rock Consolidated Developments (“Reid and Park Rock”), as part of the New York City Housing Authority’s (“NYCHA”) Permanent Affordability Commitment Together (“PACT”) program.

Last Updated: 09/01/2023
NY Green Bank | May 2023 | NY, USA
Residential  | Solar | Debt Investment | Aggregation, Warehousing | View on Member website

NY Green Bank (“NYGB”) has entered into five transactions to accelerate the deployment of more than 14,500 solar projects at homes across New York State (“NYS”) by Sunrun, Inc. (“Sunrun”). Sunrun is a national solar provider that markets and develops residential solar energy systems. The five transactions complement each other – three provide financing to fund the purchase of materials and installation of the solar projects and two provide post-construction financing. One of the post-construction financings was arranged by Investec Bank PLC (“Investec”), an international specialty bank and asset manager, and the second post-construction financing was arranged by SunTrust Robinson Humphrey Inc. (“SunTrust”) and ING Capital LLC (“ING”). The equipment financing facility was jointly arranged by KeyBank N.A. (“Key”) and ING, respectively.

In May 2023, NYGB increased its existing commitment to Sunrun by $19MM
to enable Sunrun to develop further into marginal markets and
territories in New York State.

Last Updated: 09/01/2023
NY Green Bank | December 2022 | NY, USA
Utility  | Energy Storage, Solar | Debt Investment | Co-investment, Subordination | View on Member website

On December 19, 2022, NY Green Bank (“NYGB”) closed a $60.0 million participation in a $250.0 million term loan to Hecate Energy, LLC. NYGB’s participation in the term loan will support Hecate Energy, LLC in selling solar and battery storage projects in the early stages of development

Last Updated: 09/01/2023
NY Green Bank | December 2022 | NY, USA
C&I, Residential  | Energy Efficiency, Renewable Power | Debt Investment | Demonstration | View on Member website

On December 19, 2022, NY Green Bank (“NYGB”) closed a $21.0 million construction-to-term loan to PAZ Management, Inc. PAZ Management, Inc. will use NYGB’s facility to finance the construction and operation of an electrified, mixed-use property. The Phase 1 facility will finance the renovation of a former school building and new construction.

Last Updated: 09/01/2023
NY Green Bank | June 2022 | NY, USA
C&I, MUSH, Residential  | Energy Efficiency, Renewable Power | Debt Investment | Subordination | View on Member website

On June 2, 2022, NY Green Bank (“NYGB”) provided a $5.0 million subordinated term loan to the New York City Energy Efficiency Corporation (“NYCEEC”). On November 28, 2022, NYGB upsized this facility with an additional $5.0 million subordinated term loan. NYCEEC will use NYGB’s facility to make loans to finance clean energy and energy efficiency projects located in New York State (“NYS”) that benefit disadvantaged communities (“DACs”).

Last Updated: 09/01/2023
NY Green Bank | November 2022 | NY, USA
Transport  | Low Emissions Transport | Debt Investment | Revolving credit facility | View on Member website

On November 10, 2022, NY Green Bank (“NYGB”) closed a $10.0 million revolving credit facility, with a $15.0 million accordian feature, to Tenet Energy, Inc (“Tenet”). NYGB’s facility will lend against electric vehicle (“EV”) auto loans originated by Tenet. This financing will provide Tenet with additional capital to provide financing to EV owners in New York State. The facility will allow Tenet to grow its EV auto loan portfolio and efficiently monetize auto loans through private securitizations or loan sales.

Last Updated: 09/01/2023
NY Green Bank | November 2022 | NY, USA
Residential  | Debt Investment | Demonstration | View on Member website

On November 4, 2022, NY Green Bank (“NYGB”) provided a $12.0 million predevelopment loan that will fund predevelopment expenses for services such as architecture, engineering, Housing Quality Standards (“HQS”) renovations and surveys. These services and milestones are required before the Sponsors can obtain the construction financing, they have been designated to receive as part of the New York City Housing Authority’s (“NYCHA”) Permanent Affordability Commitment Together (“PACT”) program. This designation is to rehabilitate the Frederick Samuel Apartments in Harlem.

Last Updated: 09/01/2023
DC Green Bank | July 2023 | DC, USA
Community Equity, Residential  | Energy Efficiency, Renewable Power, Solar | Debt Investment | Co-investment | View on Member website

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

The property developer and recipient of this grant, Ayesha Hudson, an alumna of Capital Impact Partners’ Equitable Development Initiative, is the Founder and CEO of A-Peace, LLC. For more than 20 years, Ayesha has been in the business of residential property ownership and management, with a focus on providing affordable housing for underserved communities.

Last Updated: 09/01/2023
DC Green Bank | July 2023 | DC, USA
Residential  | Renewable Power, Solar | Debt Investment | Refinancing, Revolving credit facility | View on Member website

DC Green Bank and Uprise Solar today announced the closing of a $385,000 permanent loan to support the long-term viability of 187 kW’s of residential solar projects across DC. The loan supports the financing of a portion of an existing portfolio of solar projects and will consolidate previous construction loans into a permanent loan that will finance the operation of 24 residential solar projects in the District. The original loan package consisted of two construction loans and a revolving line of credit. The financing was used to install the solar projects while supporting the operating costs of Uprise. The permanent loan will be used to support the ongoing operations of the solar projects.

These projects, now completed, are expected to generate approximately 3,500,000 kWh’s of renewable energy over 20 years. In addition, the projects will reduce GHG emissions by 2,660 metric tons of carbon dioxide equivalent over the same period. This is equivalent to the carbon dioxide emissions from 298,242 gallons of gasoline consumed or 2,932,507 pounds of coal burned. Uprise is a certified contractor with Solar for All, a program of the District’s Department of Energy and Environment (DOEE) and administered by the DC Sustainable Energy Utility (DCSEU), that works with local solar contractors to expand the deployment of solar and cut electricity costs for income-qualified residents by 50% or more. Additionally, these projects created 12 jobs, 8 full-time direct jobs, and 4 part-time jobs. The new debt structure will provide Uprise Solar with long-term financing, enabling them to scale their operations and continue deploying solar projects within the District.

Last Updated: 09/01/2023
DC Green Bank | May 2023 | DC, USA
Residential  | Renewable Power, Solar | Debt Investment | Revolving credit facility | View on Member website

DC Green Bank and SEDC Solar announced the closing of a $1.4 million construction revolving loan facility to finance a portfolio of solar plus battery storage projects for homes, rental units, and community-serving institutions in Wards 4, 5, 7, and 8 of Washington, D.C. Within the first year of the investment term, SEDC anticipates the installation of 1000 kilowatts of solar rooftop panels, resulting in an estimated greenhouse gas emissions reduction of up to 992 metric tons of CO2 equivalent per year for 20 years while also increasing both household and energy grid resilience due to the inclusion of battery storage. In line with DC Green Bank’s value of Inclusive Prosperity, the projects built in the first year will reduce the energy bills of 200 beneficiaries by approximately 50 – 80%, with roughly 75% of the recipients being Low- and Moderate- Income (LMI) households or community-serving organizations.The project financing will utilize Opportunity Zone incentives to deliver the intended community benefits and will also seek to leverage new Investment Tax Credit provisions in the federal Inflation Reduction Act as well.

Last Updated: 09/01/2023
DC Green Bank | April 2023 | DC, USA
C&I  | Drinking/Waste Water Management, Energy Efficiency, Renewable Power, Solar, Storm Water Management | Debt Investment | Demonstration | View on Member website

DC Green Bank and Flywheel Development are proud to announce the closing of a $2.6 million pre-development and site acquisition loan to support the development of a sustainable commercial hub in the Trinidad neighborhood of Ward 5. The site will serve as the headquarters for Flywheel Development as well as space to bolster emerging local sustainability-focused businesses, including other solar contractors and developers. This project showcases several noteworthy design components aimed at achieving superior energy efficiency and environmental performance. The commercial hub will include rooftop solar and a building-integrated photovoltaic façade with a 102-kW capacity, generating 117.3 MWh of annual energy. The building will be designed to achieve net-zero on-site energy performance and will exceed the District-mandated stormwater management requirements as well. The project is slated to pursue passive house standards, further enhancing its energy efficiency and sustainability.

Last Updated: 09/01/2023