The information contained in this database (“Information”) has been compiled by the Green Bank Network Secretariat from publicly available information, and specific pieces of information are not necessarily approved by Green Bank Network Members. The information is for informational purposes only and must only be used for non-commercial purposes.  All other use and all copying, disclosure or reproduction of the Information or any part of it is prohibited (except to the extent permitted by law).

Neither the Green Bank Network nor any of its members makes any representation as to the accuracy, quality, completeness or fitness for purpose of any information contained herein and the Green Bank Network and each of its members disclaim all responsibility and liability for the Information (including, without limitation, liability for fault, negligence or negligent misstatement).

The GBN member investment figures in the transaction descriptions refer to committed funds at the time of transaction close and are not necessarily indicative of capital deployed. All transaction-level investment figures and other details are based on the best available information and estimates made at the time of transaction closing.

The taxonomy for Risk Mitigants used to describe the private sector engagement activities for each transaction are adapted from the Organisation for Economic Cooperation and Development’s report, Green Investment Banks: Scaling up Private Investment in Low-carbon, Climate-resilient Infrastructure. This taxonomy is used to generalize types of activities across GBN members and may not be reflective of the language individual institutions use to describe their investments, which can be found in their own media.

Some of the transactions may have been updated on GBN member websites but not yet in this listing, so please refer to member websites for the most up-to-date information. Note that individual institutions may have a document detailing a Summary of Revisions to transaction descriptions on their websites.

With questions regarding this transaction list, please contact [email protected].

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NY Green Bank | June 2020 | USA
Utility  | Energy Storage, Fuel Cell | Debt Investment | Bridge loan, Term loan facility | View on Member Website

NY Green provided a 2-month senior secured $19.9 million bridge loan facility to New York Community Clean Energy HoldCo, LLC, a subsidiary of CertainSolar Inc., d/b/a NineDot Energy. Bridge Loan proceeds will finance development costs for community distributed generation Fuel Cell projects. The projects supported by this transaction are expected to provide New York State residents and businesses with lower-cost clean energy opportunities.

Last Updated: 12/14/2021
NY Green Bank | May 2020 | USA
Utility  | Solar | Debt Investment | Bridge loan, Term loan facility | View on Member Website

NY Green Bank provided a 24-month senior secured $3 million bridge loan facility to ELP BV 1, LLC, owning projects developed by East Light Partners PBC. Bridge Loan proceeds will finance late stage development costs for community distributed generation and Large Scale solar photo-voltaic projects. The projects supported by this transaction are expected to provide New York State residents and businesses with lower-cost clean energy opportunities.

Last Updated: 12/14/2021
NY Green Bank | April 2020 | Mt. Kisco, USA
Utility  | Energy Storage, Solar | Debt Investment | Term loan facility | View on Member Website

BQ Energy is a renewable energy project developer specializing in landfill and brownfield site redevelopment. As the sixth installation of a larger portfolio of projects to be financed in collaboration with NY Green Bank, BQ received a $2.27 million construction-to-term loan to complete an community distributed generation 550 kW solar array paired with a 522kW/2088kWh battery to be located on a brownfield site in the Town of Mt. Kisco, NY. This transaction provides Mt. Kisco residents and businesses a greater variety of energy choices and ultimately, lower cost clean energy opportunities.

Last Updated: 12/14/2021
Green Investment Group | June 2021 | Luzon, Philippines
C&I, Utility  | Solar | Equity Investment | Co-investment | View more information on website

GIG portfolio company, Blue Leaf Energy Asia Pte Ltd, has announced a partnership with SunAsia to co-develop 1.25 GW of solar projects in Luzon, Philippines

Last Updated: 11/21/2019
Green Investment Group | June 2021 | Japan
C&I, Utility  | Solar | Equity Investment | Co-investment | View on Member website

GIG portfolio company, Blue Leaf Energy Asia Pte Ltd, has announced a joint venture with Univergy to co-develop an initial 200 MW portfolio of large-scale solar energy projects in Japan.

Last Updated: 11/21/2019
Green Investment Group | May 2021 | France
C&I, Utility  | Solar | Equity Investment | Co-investment | View on Member website

EDF Renewables, a leading French renewable energy player, has signed a share purchase agreement which, subject to the relevant anti-trust authorities’ final regulatory approvals, will see them acquire a 45% equity stake in GLHD alongside Cero Generation, one of Europe’s largest solar energy developers. Upon completion of the transaction, Cero and EDF Renewables will each own 45% of GLHD, with the remaining 10% owned by GLHD’s founders. Together, the partners will support the delivery of GLHD’s 2.4 GW solar development portfolio.

Cero Generation is a Green Investment Group portfolio company, operating on a stand-alone basis.

 

Last Updated: 11/21/2019
Green Investment Group | May 2021 | Busan, South Korea
C&I, Utility  | Solar | Equity Investment | Co-investment | View on Member website

Located near Cheongsapo in Busan, South Korea, the 40 MW development is expected to commence commercial operations in 2024.

GIG’s global offshore wind development portfolio now stands at 12.7 GW, including 3 GW of planned capacity in Korea. To reduce the country’s heavy reliance on nuclear and coal imports, the Korean government’s RE3020 plan promotes a significant increase in green energy, with a particular focus on offshore wind and associated job creation. The projects in GIG’s portfolio will play a significant role in the delivery of country’s ambitious target to deliver 12 GW of offshore wind capacity by 2030.

 

Last Updated: 11/21/2019
Green Investment Group | March 2021 | Wismar, Germany
C&I  | CHP | Equity Investment | Co-investment | View on Member website

Macquarie’s Green Investment Group (GIG), Wismar Pellets and PEARL Infrastructure Capital (PEARL) have reached financial close on the Bioenergie Wismar Combined Heat and Power Plant (Bioenergie Wismar) in northern Germany. Located at the Port of Wismar, it is GIG’s first bioenergy project in continental Europe.

Co-developed by GIG and Wismar Pellets, the combined heat and power (CHP) biomass plant will generate up to 18 MWe of electricity and 27 MWth of renewable heat. The project’s fuel supply is anchored by Wismar Pellets and ILIM Nordic Timbers, who will provide bark material as a by-product of their timber operations. Wismar Pellets and ILIM will also contract for the project’s steam output and utilise the heat at their neighbouring facilities for timber drying. The project successfully secured an EEG Feed-in-Tariff for its electricity output in November 2020.

Last Updated: 11/21/2019
Green Investment Group | February 2021 | UK
Utility  | Onshore Wind | Equity Investment | Co-investment | View on Member website

A 50/50 joint venture between Macquarie’s Green Investment Group (GIG) and Total has been successful in securing rights to a seabed lease in the Eastern Regions zone in the Crown Estate’s Offshore Wind Leasing Round 4.
The project, which will be located off the UK’s East Anglian coast, could deliver up to 1.5 gigawatts (GW) of renewable electricity and represents a significant early stage investment in the UK offshore wind sector for both companies.

Last Updated: 11/21/2019
NY Green Bank | April 2020 | USA
Utility  | Solar | Debt Investment | Financing through tax payments, Term loan facility | View on Member Website

NY Green Bank provided $26.9 million in back-leveraged credit facilities to finance the acquisition of 14 community distributed generation solar projects sponsored by Generate Capital, Inc. in New York State. These transactions are expected to provide NYS residents and businesses a greater variety of energy choices and, ultimately, lower-cost clean energy opportunities

Last Updated: 12/14/2021
Green Investment Group | February 2021 | Scieki, Poland
Utility  | Onshore Wind | Equity Investment | Acquisition | View on Member website

Macquarie’s Green Investment Group (GIG) announced its acquisition of a 22 MW onshore wind farm in Scieki from the EnerCap Power Funds. The Project is located approximately 1 km north west of the village of Scieki and approximately 75 km south west of Warsaw in central Poland.

The project consists of 11 Vestas V90 2 MW wind turbine generators and has been operating for over eight years.

Last Updated: 11/21/2019
Green Investment Group | January 2021 | Penang, Malaysia
C&I, Utility  | Solar | Equity Investment | Co-investment | View on Member website

GIG portfolio company Blueleaf Energy has completed the construction and reached energisation of its first corporate PPA rooftop solar power plant in Penang Malaysia, providing renewable energy to the automotive electronics plant of Robert Bosch (M) Sdn Bhd (Bosch).

The power generated by the 3 MW plant is provided on a self-consumption basis with the opportunity for Bosch to sell excess generated energy back to the grid under Malaysia’s NEM (Net Energy Metering) scheme.

Fulfilling its commitment to clean renewable energy, Bosch dedicated a rooftop area of 24,500 m2 for installation of around 7,500 solar panels. Blueleaf Energy is contracted to supply power and will own and manage the photovoltaic asset. Greencells Energy Asia Pacific also participated in the project as the Engineering, Planning and Construction (EPC) contractor.

Last Updated: 11/21/2019
Green Investment Group | November 2020 | Jozwin, Poland
C&I, Utility  | Waste-to-Energy | Equity Investment | Co-investment | View on Member website

Macquarie’s Green Investment Group (GIG) announced its acquisition of a 25.3 MW onshore wind farm in Jozwin from Vortex Energy Poland and Max Bögl International SE. The project is located in Western Poland, approximately 3km north of the village of Jozwin and 200km west of Warsaw.

Last Updated: 12/14/2021
Green Investment Group | January 2021 | Cheshire, UK
C&I  | Waste-to-Energy | Equity Investment | Co-investment | View on Member website

Covanta Holding Corporation (“Covanta”), Green Investment Group Limited and Biffa plc announced financial close and the commencement of construction on the Protos Energy Recovery Facility in Cheshire, England. Covanta and GIG will each own 37.5 percent of the state-of-the-art Energy-from-Waste facility, with Biffa, the primary waste supplier for the facility, owning the remaining 25 percent of the project.

Last Updated: 12/14/2021
Green Investment Group | November 2020 | Virginia, USA
Utility  | Solar | Equity Investment | View on Member website

Savion, a Green Investment Group portfolio company, announced that a solar project it is developing in Virginia, USA, has signed a long-term power purchase agreement to supply 75 MW of renewable solar power to Dominion Energy Virginia.
The PPA is subject to approval from the Virginia State Corporation Commission.

The project is expected to begin construction in mid-2021, with commercial operation targeted to commence by the end of 2022. The approximately $US133 million solar facility brings the number of Savion-developed projects to four in Virginia under contract, operating, or under construction resulting in 190 MW of solar power and a total investment in excess of $US285 million.

Last Updated: 12/14/2021
Green Investment Group | May 2020 | Wisconsin, USA
C&I, Utility  | Solar | Equity Investment | Co-investment | View on Member website

Green Investment Group (GIG) portfolio company, Savion, has announced plans to partner with Alliant Energy on two solar development projects in Wisconsin, USA. Under the arrangement, Savion will continue development activities, and Alliant Energy will acquire the projects when regulatory approvals and other contractual commitments are complete.

Together, the 150 MW Wood County Solar Project, and the 50 MW Richland County Solar Project will generate enough green energy to power approximately 55,000 Wisconsin homes.

Last Updated: 12/14/2021
Green Investment Group | September 2020 | Ulsan, South Korea
C&I, Utility  | Onshore Wind | Equity Investment | Co-investment | View on Member website

Macquarie’s Green Investment Group (GIG) and global energy company Total have signed a series of agreements to co-develop an initial 2.3 GW portfolio of floating offshore wind projects in Korea. The portfolio consists of five projects – three in Ulsan totaling 1.5 GW and two in South Jeolla Province totaling 800 MW.

Subject to the completion of regulatory approvals and satisfaction of other conditions precedent, the partners aim to start co-development activities in the autumn of 2020. GIG has already commenced a comprehensive wind data collection campaign to support the portfolio, and the first 500 MW phase of the Ulsan project is targeting commencement of construction by the end of 2023.

Last Updated: 12/14/2021
Green Investment Group | August 2020 | Western Victoria, Australia
C&I, Utility  | Onshore Wind | Equity Investment | Warehousing | View on Member website

The consortium comprising RES, the world’s largest independent renewable energy company and Macquarie’s Green Investment Group (GIG) announced today the completion of the development phase of the second stage of the Murra Warra Wind Farm near Horsham in Western Victoria, and the sale of its interests to global private markets investment manager Partners Group (acting on behalf of its clients).

Murra Warra II Wind Farm comprises 38 wind turbines with a capacity of 209 MW. The sale of Murra Warra II builds on the consortium’s success in the development, financing and construction of the adjacent 61 turbine first stage of Murra Warra Wind Farm, which was also acquired by Partners Group (in 2018).

Last Updated: 12/14/2021
Clean Energy Finance Corporation | December 2020 | Perth, Australia
Utility  | Energy Efficiency, Smart Grid Technology | Equity Investment | Demonstration, Fund investment | View on Member website

Australian energy tech startup Gridcognition provides software to plan and optimise distributed energy projects, including microgrids, virtual power plants, community energy projects, electric vehicle charging systems and behind-the-meter renewable power plants.

In December 2020 the company closed a $675,000 pre-seed investment round with some of Australia’s leading tech and clean energy investors. This includes $300,000 from the CEFC through the Clean Energy Innovation Fund.

Last Updated: 12/12/2021
Green Investment Group | September 2020 | Japan
C&I, Utility  | Offshore Wind | Equity Investment | Co-investment | View on Member website

Macquarie’s Green Investment Group (GIG) today announced a joint venture with Iberdrola, a leading global energy company, to co-develop a 3.3 GW portfolio of six fixed bottom and floating offshore wind projects in Japan.

The offshore wind projects were initiated and have been developed to date through Macquarie’s renewable energy platform, Acacia Renewables. Iberdrola will acquire Acacia Renewables and take forward the existing offshore wind development pipeline alongside GIG as a joint venture. GIG will hold an equal share in the six projects with Iberdrola, and provide development and commercial advisory services to the portfolio.

Last Updated: 12/14/2021
Clean Energy Finance Corporation | February 2021 | Queensland, New South Wales, Victoria, Australia
C&I, Residential  | Energy Efficiency | Debt Investment | Term loan facility | View on Member website

In its first direct investment to reduce embodied carbon in property construction, the CEFC has committed $95 million on behalf of the Australian Government, to help deliver the 56-hectare Roe Highway Logistics Park (RHLP) as a carbon neutral development. The project’s environmental initiatives are being led by Hesperia in collaboration with its development partners, Fiveight and Gibb Group.

The developers will use low carbon construction materials across at least five new warehouses to be built in the next 18 months. The use of low carbon concrete at RHLP could reduce emissions by up to 42 per cent compared to traditional concrete, according to analysis by leading sustainability consultant Edge Environment.

Last Updated: 12/12/2021
Clean Energy Finance Corporation | June 2020 | Australia
Agriculture  | Bio-sequestration | Equity Investment | Cornerstone stake | View on Member website

Soil Carbon Co. (SCC) is developing a biotechnology to improve the drought resilience of farming land, increase productivity and remove carbon from the atmosphere.

The microbial treatment for seeds has the potential to increase the level of organic carbon in soil, enabling it to retain more water and improving the ability of crops to withstand extreme weather conditions. It could also reduce the amount of nitrogenous fertiliser used in agricultural production, further reducing emissions.

In addition, the SCC technology could offer another source of revenue for farmers through carbon offset trading.

Retaining organic carbon in soil is vital for extensive agricultural systems.

Carbon is difficult to store in soils in the long-term because it naturally reacts with oxygen or water and is released back into the atmosphere. The SCC technology aims to overcome this by storing the carbon in melanin, which is more stable.

The CEFC has committed A$1.7 million through the Clean Energy Innovation Fund. It is the first CEFC investment in bio-sequestration and follows a previous A$8 million cornerstone investment in the $30 million Tenacious Ventures Fund .

Last Updated: 06/26/2020
Clean Energy Finance Corporation | June 2020 | Australia
Transport  | Low Emissions Transport | Equity Investment | Co-investment, Cornerstone stake | View on Member website

JET Charge, Australia’s leading specialist in electric vehicle (EV) charging infrastructure, is developing smart charging hardware that will reduce the cost of smart and connected charging stations and make them more user friendly. JET Charge is deploying its proprietary smart charging technology under a services-based model that will ensure that EV charging occurs when the electricity grid can best support it. The technology also has the potential to match EV charging to times when renewable power penetration into the grid is at its highest.

The CEFC committed an equity investment of A$3.5 million, through the Clean Energy Innovation Fund, as part of the company’s capital raising round, of A$4.5 million, which also drew co-investment from industry executives and private investors.

Last Updated: 06/26/2020
Malaysian Green Technology Corporation | Open Program Since 2020 | Malaysia
C&I, Utility  | Biogas, Energy Efficiency, Low Emissions Transport, Small Hydro, Solar, Waste Management, Waste-to-Energy, Water Conservation | Debt Investment, Grant Investment | Co-investment, Guarantee/insurance, Interest rate buy-down, Standardization/Data collection | View on Member website

Malaysian Green Technology and Climate Change Centre (MGTC), formerly known as Malaysian Green Technology Corporation or GreenTech Malaysia, facilitates the GTFS, which was initiated in 2010. GTFS 1.0 was active from 2010 to 2017, and the GTFS 2.0 was launched in May 2018. GTFS 1.0 offered a rebate of 2% per annum on interest or profit rates charged by financial institutions, while also providing a Government guarantee of 60% for the green cost of the financed amount. In addition to providing the GTFS 1.0 finacing facilities, GTFS 2.0 provides financing through green bond (“sukuk”) issuances. An amount of up to RM2.0 billion sukuk issuance is available, with the maximum of RM300 million for each company and a maximum period of 15 years for energy producer companies and 10 years for energy user companies. Apart from the category of producer and user companies benefiting under this scheme, GTFS 2.0 also supports Energy Services Company (ESCOs), where RM1.0 billion has been exclusively allocated to finance investments or assets related to energy-efficient projects and Energy Performance Contract. An ESCO is eligible to secure financing of up to RM25 million for a period of up to 5 years.

Since its inception in 2010, as at May 2020 the GTFS has successfully approved a total of 349 projects with a total financing amount of about MYR4.5 billion or USD1.04 billion. While the Scheme covers projects in various sectors such as Energy, Building, Transport, Waste and Water as well as the manufacturing sector, the bulk of projects approved are in the renewable energy sector which accounted to more than 80% of the loans approved. The approved projects are anticipated to contribute to the avoidance of over 3.7 million tonnes of CO2 equivalent every year. The GTFS has been instrumental in encouraging the participation of private financial institutions to invest in green ventures and it has brought together a total of 29 banks and financial institutions to participate in the Scheme. With increasing numbers of entrepreneurs venturing into the green technology sector, GTFS will continue to be an important enabler bridging financing gaps and empowering emerging green businesses in the country.

Last Updated: 05/12/2020
Green Investment Group | April 2020 | Tysvær, Rogaland Fylke, Norway
Utility  | Onshore Wind | Equity Investment | Cornerstone stake | View on Member website

Macquarie’s Green Investment Group acquired the Tysvær Wind Farm from Spanish Power. The 47 MW onshore wind development is located in the Tysvær municipality, within Rogaland Fylke, southern Norway. The project is GIG’s first in Norway and further expands GIG’s presence in the Nordic region following its acquisitions of Markbygden, Overturingen and Hornamossen onshore wind farms in Sweden. In January 2020, GIG announced that it entered into agreements to supply power to Eramet Norway from its Tysvær and Buheii onshore wind farms.

Tysvær is one of a growing number of renewable energy projects being developed in-house by GIG. The project is in the final stages of planning and is currently under consideration by the Norwegian Water Resources and Energy Directorate (the NVE).

When fully operational, the wind farm will produce enough low-carbon electricity to power the equivalent of 8,750 Norwegian homes every year. Annually, it will displace an estimated 8,000 tonnes CO2e emissions – the equivalent of removing 2,500 cars from the road – supporting Norway in its goal of becoming a ‘low carbon society’ by 2050 and achieving ‘emissions neutrality’ by 2030.

Last Updated: 06/15/2020