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 2023 | Australia
C&I, MUSH  | Equity Investment | Co-investment | View on Member website

The CEFC is sharpening its focus on decarbonization across Australian mid-market infrastructure assets, investing up to $80 million equity into the $1.4 billion PEP Secure Assets Fund II (SAF II). Pacific Equity Partners (PEP) is one of Australasia’s oldest private markets fund managers, with A$8.7 billion in assets under management.

The PEP SAF II portfolio will target value-add mid-market infrastructure and infrastructure-like businesses, including assets with secure or contracted base cashflows in areas from healthcare and energy to transport and data centers.

As part of its investment strategy, in addition to pursuing underlying growth, SAF ll will work with investee companies to understand their carbon footprint and identify decarboniaztion pathways in line with reducing scope 1 and 2 emissions by 50 per cent by 2030 – and to set targets for net zero scope 1 and 2 emissions by 2040.

PEP also plans to work with these companies to address scope 3 supply chain emissions, in line with scenario modelling for a 1.50°C world by 2050. PEP will also look to drive further decarbonisation efforts across its existing funds as it works with companies seeking to meet the challenges of lowering their emissions.

Last Updated: 08/29/2023
Clean Energy Finance Corporation | April 2023 | Australia
C&I  | Waste Management | Debt Investment | Demonstration | View on Member website

The CEFC is committing $75 million in debt finance to develop what will be Queensland’s flagship construction and demolition (C&D) recycling facility, substantially boosting Australia’s recycling sector and expanding our onshore recycling capabilities.

Operated by Rino Recycling and strategically located in Pinkenba, between the Brisbane CBD and Airport, the $89 million facility is expected to deliver 55,363tCO2-e of carbon abatement annually, equivalent to taking almost 12,000 cars off the road. With a recovery rate of more than 90 per cent, it will produce higher quality recycled products for re-use.

The new integrated plant – one of Australia’s largest for throughput volume under one roof – will be able to process more than one million tonnes of C&D waste annually, including concrete, excavation material, vacuum waste and skip bin waste, diverting a significant amount of valuable resources from landfill.

The CEFC investment is the single largest to be made via its $100 million Australian Recycling Investment Fund.

Last Updated: 08/29/2023
Clean Energy Finance Corporation | April 2023 | Australia
Transport  | Low Emissions Transport | Debt Investment | Interest rate buy-down | View on Member website

The CEFC is continuing to drive electric vehicle (EV) ownership in Australia through a new $40 million investment to provide discounted finance for the retail Green Car Loan offered by Australian non-bank lender, Firstmac.

This latest CEFC investment with Firstmac is expected to finance at least a further 900 EVs, with the discounted finance saving customers between an estimated $1,400 and $2,5001, depending on the size and length of the loan.

The CEFC finance will enable eligible Firstmac customers to benefit from a 0.5 per cent discount for the life of their loan with a further 0.5 per cent discount provided by Firstmac, resulting in a total discount of one per cent compared to the equivalent interest rate charged to Firstmac borrowers buying internal combustion engine (ICE) vehicles.

Last Updated: 08/29/2023
Clean Energy Finance Corporation | April 2023 | Australia
C&I, MUSH  | Equity Investment | Fund investment | View on Member website

The CEFC is committing up to $80 million into a new private equity fund managed by Crescent Capital Partners to drive ambitious emission reduction targets across a range of mid-market companies to help accelerate decarbonization across the economy.

The Fund, Crescent’s seventh, has completed its fund raising with commitments of $1 billion. The Fund will make partner and controlling investments into middle market businesses with an enterprise value of $100 million to $500 million.

The CEFC investment will help drive emissions reduction across portfolio companies acquired by the Fund. Significantly, this will see Crescent set decarbonization pathways for each acquired company, exceeding the requirements of the Paris Agreement, with the goal of achieving net zero Scope 1 and 2 emissions within 10 years of acquisition. Crescent will also focus on value chain emissions, mapping out the supply chain of each asset to identify specific activities and initiatives to drive a reduction in Scope 3 emissions. Similar measures will be considered across existing Crescent assets under management in earlier funds.

While the new Fund is generally sector agnostic, acquired companies are expected to be concentrated in the healthcare, industrial and services sectors. Healthcare companies are expected to make up a significant portion of the Fund’s portfolio given Crescent’s strong track record in the sector, with the potential to make an impact in an area that has yet to address decarbonisation meaningfully – the emissions footprint of the healthcare sector accounts for up to 4.41 per cent of greenhouse gas emissions globally.

Last Updated: 08/29/2023
Clean Energy Finance Corporation | December 2022 | Australia
Utility  | Renewable Power, Solar | Debt Investment | Demonstration | View on Member website

The CEFC has committed $100 million to the 300 MWac Walla Walla Solar Farm near Albury, NSW, taking lifetime commitments in renewable energy projects to $3.03 billion and delivering an additional 5.1 GW of solar and wind energy generation capacity.

It is the largest solar farm to be project financed by the CEFC and its third investment in large scale clean energy generation in two months, in a significant boost to the sector as it faces strong economic headwinds.

Together with CEFC investment commitments of $175 million in the Golden Plains Wind Farm and $75 million in the ACEN clean energy portfolio, the Walla Walla Solar Farm transaction marks an important contribution to the decarbonization of the electricity sector as Australia pursues 82 per cent renewable energy generation by 2030.

Last Updated: 08/29/2023
Clean Energy Finance Corporation | November 2022 | Australia
Transport  | Low Emissions Transport | Debt Investment | Interest rate buy-down | View on Member website

CEFC finance will help get more Australians on the road to owning an electric vehicle (EV) with a commitment of up to $20.5 million to make green car loans cheaper through Taurus Motor Finance (Taurus). The commitment from the CEFC will support an estimated $100 million of green finance for Australian consumers to purchase EVs.

Eligible borrowers will receive discounted interest rates on green car loans, compared to the rate for internal combustion engine powered (ICE) vehicles. The investment has the potential to accelerate the uptake of EVs and drive decarbonization of the emissions intensive transport sector by tapping into growing demand in Australia for EVs. It will further influence the Australian finance sector by demonstrating the value of green car loans.

Last Updated: 08/29/2023
Clean Energy Finance Corporation | October 2022 | Australia
Utility  | Energy Storage, Renewable Power, Small Hydro | Debt Investment | Co-investment | View on Member website

Renewables developer ACEN and the CEFC have joined forces to develop large-scale clean energy assets across Australia, powered by a $75 million CEFC investment that will help accelerate the delivery of an 8 GW clean energy portfolio that includes solar, wind, battery and pumped hydro.

The CEFC finance is part of an ACEN Australia debt raise targeting AUD$600 million and follows an AUD$140 million long-term, green loan agreement with Japanese lender MUFG and an AUD$100 million facility agreement with DBS Bank.

ACEN is a listed energy platform of Philippine diversified group Ayala, with an 18 GW development portfolio throughout the Asia Pacific region. ACEN Australia will use the loan to further develop its portfolio of Australian clean energy assets.

Last Updated: 08/29/2023
Clean Energy Finance Corporation | October 2022 | Australia
Utility  | Energy Storage, Renewable Power | Debt Investment | Co-investment | View on Member website

CEFC has made its third large scale battery storage investment, committing $35.5 million in project finance to the 100 MW Capital Battery. The battery will provide critical network support, enabling it to accommodate more clean energy and support the ACT’s ambitions to reach net zero emissions by 2045.

The transaction marks the first time CEFC has introduced a co-lender to a battery project, with specialist infrastructure fund manager Infradebt committing $35.5 million. Neoen, one of the world’s leading producers of renewable energy, has contributed equity and will own and operate the battery.

The battery will help modernize and stabilize the grid, performing multiple roles including firming renewable energy, supporting the transmission network, and providing frequency services. It is under construction in the ACT and on track to be operational in the first half of 2023

Last Updated: 08/29/2023
Clean Energy Finance Corporation | November 2022 | Victoria, USA
Utility  | Onshore Wind | Debt Investment | Co-investment | View on Member website

The CEFC has committed up to $175 million to develop Stage 1 of the Golden Plains Wind Farm, near Geelong. The project will include 122 wind turbines and generate 756.4 MW of clean energy to replace coal-fired generation. The estimated annual emissions abatement is an average 770,000 tonnes CO2-e, or more than 23 million tonnes CO2-e over the project’s 30-year lifetime.

Golden Plains Wind Farm is the first fully merchant wind farm in Australia to be financed by commercial lenders, with the CEFC commercial debt package crowding in an additional $1.8 billion of private sector capital. This includes 100 per cent equity from clean energy investor TagEnergy, in its first Australian investment. Debt providers include Westpac, Bank of China, Mizuho, German state-owned investment bank KfW, the Commonwealth Bank, and Danish Credit Export Agency EKF.

Last Updated: 12/16/2022
Clean Energy Finance Corporation | November 2022 | Melbourne, USA
C&I  | Low-Emissions Construction | Debt Investment | Demonstration | View on Member website

“The CEFC commitment of up to $70 million in debt finance for the Melbourne T3 Collingwood development is the first project to be financed through the specialist CEFC Timber Building Program. The CEFC has nominally allocated $300 million to the Timber Building Program, to help kick start mass timber construction in Australia, which has the potential to substantially reduce embodied carbon.

The 15-storey prime-grade office tower, located at 36 Wellington St Collingwood, will be one of Melbourne’s tallest hybrid mass timber buildings. It will deliver a dual emissions reduction impact – cutting embodied carbon levels by as much as 40 per cent1 during the construction phase and, once operational, target market leading net zero emissions. “

Last Updated: 12/16/2022
Clean Energy Finance Corporation | October 2022 | USA
C&I  | Solar | Equity Investment | Co-investment | View on Member website

A CEFC investment in Australian company SunDrive will help commercialise revolutionary solar technology that replaces silver with copper to improve solar panel efficiency and reduce costs. At nearly 100 times cheaper than silver and far more abundant, the switch to copper has the potential to improve solar panel uptake by driving down costs. Leading the $21 million Series A round alongside Main Sequence Ventures, the $7 million CEFC commitment is made through the Innovation Fund, managed by Virescent Ventures. The raise has also attracted the support of private investment companies including Blackbird Ventures and Grok Ventures.

Last Updated: 12/16/2022
Rhode Island Infrastructure Bank | Open Program Since 2019 | Rhode Island, USA
MUSH  | Green Infrastructure, Storm Water Management | Grant Investment | Capacity development: Technical assistance, Demonstration | View on Member website

The Municipal Resilience Program (MRP) provides direct support to cities and towns to complete a municipal-driven workshop process that brings together climate change information and local knowledge to identify top hazards, current challenges, and community strengths. This process identifies priority projects and strategies to improve the municipality’s resilience to all natural and climate-related hazards.

Upon successful completion of the MRP workshop, municipalities are designated as “Resilient Rhody Municipalities” which enables municipalities to apply for dedicated MRP Action Grants to implement identified projects.

Last Updated: 12/16/2022
DC Green Bank | July 2022 | DC, USA
MUSH, Residential  | Green Infrastructure, Storm Water Management | Debt Investment | Demonstration | View on Member website

In August, DC Green Bank and Rainplan announced today the closing of an initial $2,000,000 deal to increase access and affordability for stormwater management infrastructure across the District of Columbia. The loan agreement is groundbreaking in its commitment to deliver financing for both commercial and residential projects as well as its approach to diverse and scalable projects, including surrounding green mobility hubs, houses of worship, local businesses, and residential communities.

Last Updated: 12/16/2022
DC Green Bank | June 2022 | DC, USA
Utility  | Energy Efficiency, Solar | Debt Investment | Co-investment | View on Member website

DC Green Bank announced the closing of an innovative $1,000,000 joint venture with Latino Economic Development Center to support the delivery of dozens of new solar installations and energy efficiency retrofits for small businesses and community-serving organizations. The $1,000,000 venture will be capitalized by $900,000 from DC Green Bank and $100,000 from LEDC. Community borrowers can apply for loans ranging from $25,000 – $250,000 with repayment periods as long as 10 years, with larger loans possible on a case-by-case basis.

Last Updated: 12/16/2022
DC Green Bank | May 2022 | DC, USA
Utility  | Solar | Debt Investment | Co-investment, Financing through tax payments, Subordination | View on Member website

DC Green Bank closed a $7 million deal with PosiGen to accelerate the deployment of residential solar across the District for low-to-moderate income (LMI) residents. The loan agreement will unlock funding for the construction of up to 3,000 kW of solar capacity on approximately 320 homes across the District. The installations are expected to create hundreds of clean economy jobs in the construction phase and generate more than 3,600 MWh of renewable energy on a yearly basis, while avoiding more than 2,500 tons of CO2 equivalent annually.

Last Updated: 12/16/2022
DC Green Bank | May 2022 | DC, USA
Utility  | Solar | Debt Investment | Revolving credit facility | View on Member website

DC Green Bank announced the closing of a more than $530,000 deal to accelerate the deployment of community solar across the District. The loan agreements will deliver funds for the construction of approximately 75 kW of capacity across 15 residential projects. In addition to the funds allocated for the construction of existing projects in the company’s pipeline, the deal also includes hundreds of thousands of dollars as part of a revolving credit facility to make financing available for the development and deployment of up to an envisioned 75 kW of additional community solar as well.

Last Updated: 12/16/2022
DC Green Bank | April 2022 | DC, USA
MUSH  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

“The DC Green Bank closed an investment of more than $500,000 to support Shiloh Baptist Church of Washington as it pursues upgrades to its sanctuary building cooling system and considers additional building efficiency upgrades and capital improvements.
This investment is part of DC Green Bank’s Community Impact Initiative (CII) pilot program. The CII pilot is designed to support community-serving institutions, including houses of worship, as they pursue building and systems upgrades that increase energy efficiency, bring down operating costs, and allow them to direct those savings to other deferred maintenance needs.”

Last Updated: 12/16/2022
DC Green Bank | February 2022 | DC, USA
Residential  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

DC Green Bank closed a $255,728, 1.99% interest rate Navigator loan pre-development loan with local nonprofit affordable housing developer Mi Casa, Inc. The loan will support the financing of pre-development costs for a mixed-use and mixed-income construction project in Ward 5. The completed building is expected to deliver 27 units of affordable housing in addition to 3,000 square feet of new office space on the ground floor for Mi Casa’s headquarters as well as additional space for community use.

Last Updated: 12/16/2022
DC Green Bank | February 2022 | DC, USA
Utility  | Solar | Debt Investment | Co-investment | View on Member website

DC Green Bank Closed a $2 million revolving loan facility with Together Solar to bolster the company’s existing solar portfolio and support an expansion of solar deployment across the District. The loan facility will provide permanent financing for one of the region’s largest portfolios of existing solar installations, with a focus on the provision of solar to non-profits and faith-based institutions in the city.

Last Updated: 12/16/2022
DC Green Bank | January 2022 | DC, USA
C&I  | Energy Efficiency, Renewable Power | Debt Investment | Loan loss reserve | View on Member website

DC Green Bank and City First Enterprise announced the closing of a $2.8 million investment partnership for small businesses in the District and to bolster the bank’s Commercial Loan for Energy Efficiency and Renewables (CLEER) Financing program. Small businesses can now apply for up to $150,000 in loans with interest rates as low as 3% through the new fund, and multifamily, commercial, or industrial property owners and commercial tenants can access up to $250,000 through CLEER to upgrade to clean energy systems, increase stormwater resilience, and improve energy efficiency. DC Green Bank will deliver an initial $100,000 loan-loss reserve to provide credit enhancement for the first $2 million of investment through the CLEER program.

Last Updated: 12/16/2022
DC Green Bank | January 2022 | DC, USA
Utility  | Solar | Debt Investment | Co-investment | View on Member website

DC Green Bank closed a $1.8 million permanent loan facility for a newly completed community solar project in Ward 7 of Washington, D.C. The long-term facility will support the recently completed community solar installation in the Fairfax Village community in Southeast D.C., which is slated to deliver as much as $2.3 million in electricity savings over the next 15 years and reduce nearly 1,000 tons of CO2-equivalent annually.

Last Updated: 12/16/2022
DC Green Bank | September 2021 | DC, USA
C&I, Residential  | Energy Efficiency, Water Conservation | Debt Investment | Demonstration | View on Member website

DC Green Bank Provided a $250,000 pre-development loan to finance the design and planning stages for an energy efficient and sustainable building in Ward 7 in Northeast Washington, D.C. It is estimated that the building will be 17,000 square feet and include 13 affordable condominium units, space for their corporate headquarters, as well as a grocery store. The building’s current design also includes rooftop solar panels and a stormwater recycling system.

Last Updated: 12/16/2022
DC Green Bank | September 2021 | DC, USA
MUSH, Residential  | Green Infrastructure, Storm Water Management | Debt Investment | Demonstration | View on Member website

DC Green Bank Provided a $650,000 revolving loan facility to allow for Green Compass to design, build, and operate an estimated five new stormwater management and green infrastructure projects over the next 18 months. Combined, Green Compass will be constructing approximately 10,000 square feet of new green infrastructure to reduce runoff and pollution, and improve local air and water quality. The new projects aim to divert up to 250,000 gallons of stormwater runoff that would otherwise enter the sewer system every storm.

Last Updated: 12/16/2022
DC Green Bank | May 2021 | DC, USA
Utility  | Solar | Debt Investment | Co-investment, Demonstration | View on Member website

DC Green Bank provided $1.7 million of construction loans to support the installation of solar panels at six condominium communities in Southeast Washington. D.C. Once completed, these installations will cut electricity bills in half for nearly 230 low- to moderate-income (LMI) residents in the District as part of the District’s Solar for All program. Additionally, the projects are expected to reduce nearly 1,000 tons of CO2-equivalent annually and are also projected to create 19 jobs during the construction phase.

Last Updated: 12/16/2022
DC Green Bank | September 2020 | DC, USA
Utility  | Solar | Debt Investment | Co-investment, Demonstration | View on Member website

DC Green Bank provided a $760,000 loan to D.C.-based company Flywheel Development to construct a 470-kilowatt solar installation at the Abrams Hall building in the Parks at Walter Reed. Abrams Hall was recently transformed into low- and moderate-income housing, which includes units for seniors and formerly homeless veterans.

Last Updated: 12/16/2022