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 | March 2021 | Perth, Australia
C&I  | Energy Efficiency | Debt Investment | Capacity development: Technical assistance, 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
New Zealand Green Investment Finance | December 2020 | New Zealand
C&I  | Energy Efficiency | Equity Investment | Cornerstone stake, Demonstration | View on Member website

Energy Solution Providers Ltd (ESP) helps companies achieve carbon reduction and cost savings with intelligent energy and carbon management solutions. ESP is one of the largest specialist companies of its kind in NZ and is well regarded as a market leader due to its proven results, specialist consulting energy and decarbonisation capability and leading edge technology including utilising machine learning to deliver energy efficiency gains.

This $2.7m equity investment will be used to grow ESP’s New Zealand business by building the customer base, enhancing software functionality and building ESP’s carbon reporting capability.

Last Updated: 12/12/2021
New Zealand Green Investment Finance | October 2020 | New Zealand
Transport  | Low Emissions Transport | Debt Investment, Equity Investment | Cornerstone stake | View on Member website

NZGIF’s investment is enabling Carbn to create a platform to scale-up finance and help the transition of fleets to electric vehicles.

Carbn Group is a parent company of two distinct subsidiaries formed to support the uptake of low emissions vehicles in corporate and government-owned fleets.

The two companies – Carbn Asset Management (CAM) and Sustainable Fleet Finance (SFF) – operate independently to reduce New Zealand’s light vehicle fleet emissions, the country’s fastest growing emissions sector. CAM provides fleet optimisation and transition planning for fleet owners, while SFF provides financing for electric vehicles for fleets.

Last Updated: 12/12/2021
New Zealand Green Investment Finance | June 2021 | Wellington, New Zealand
C&I, Transport  | Energy Efficiency, Low Emissions Transport, Renewable Power | Debt Investment | Demonstration, Term loan facility | View on Member website

New Zealand Green Investment Fund announced its first investment decision on 18 June 2020, providing $15 million to Wellington port CentrePort to be used to finance low carbon initiatives.

The green credit facility provided by NZGIF will be used exclusively to fund low carbon projects which will reduce CentrePort’s overall carbon footprint, such as the introduction of electric vehicles, on-site renewable energy generation and energy efficient upgrades. Successful investment in electrification, renewables and efficiency will not only assist the port to achieve its climate goals and reduce the region’s carbon footprint, but also provide an example for other firms, in the port sector and beyond.

Last Updated: 12/12/2021
New Zealand Green Investment Finance | August 2020 | New Zealand
Utility  | Energy Efficiency | Equity Investment | Cornerstone stake | View on Member website

New Zealand Green Investment Finance announced an equity investment in Thinxtra, a leading Internet of Things (IoT) network and service provider operating an established network across New Zealand, Australia and Hong Kong.

Thinxtra built, owns and supports a lowpower network that covers 94% of New Zealand. Powered by Sigfox technology, the network is low-cost, resilient and capable of supporting high volumes of connected devices, that require very little energy to run. Using devices that run on the network can enable companies to use less power, travel less and save carbon.

Last Updated: 12/12/2021
New Zealand Green Investment Finance | April 2020 | New Zealand
Residential, Utility  | Energy Storage, Solar | Debt Investment | Guarantee/insurance | View on Member website

New Zealand Green Investment Finance (NZGIF) has invested $10 million in solar energy services company solarZero, to support the growth of the company.

The solarZero smart solar energy service provides households with more than solar panels. Its systems include solar PV and battery hardware, smart management systems, as well as real-time monitoring to help improve energy efficiency within the home.

These technologies, in turn, extend the benefits of renewable energy beyond individual households. solarZero’s smart technology enables individual solar PV and battery systems to be linked to a ‘virtual power plant’ that supports the resilience of the electricity grid and local lines systems, especially at times of peak power demand.

Last Updated: 12/12/2021
NY Green Bank | March 2021 | Gouvernour, Schenectady and Clayton, USA
Utility  | Solar | Debt Investment | Bridge loan, Term loan facility | View on Member Website

In March 2021, NY Green Bank provided an 18-month senior secured $10.0 million bridge loan facility to Amp Solar Group Inc. Bridge Loan proceeds will finance project interconnection advance payments to National Grid and Rochester Gas and Electric Corporate for community distributed generation (“CDG”) solar projects.

AMP is developing a portfolio of CDG solar projects in NYS and requested that NYGB provide a $10.0 million Bridge Loan to finance interconnection advance deposits due to NG and RG&E under the New York State Public Service Commission Standardized Interconnection Requirements and Application Process.

Last Updated: 12/14/2021
NY Green Bank | January 2021 | Jamestown, NY, USA
C&I  | Renewable Natural Gas | Debt Investment | Term loan facility | View on Member Website

In January 2021, NYGB entered into an agreement with CGE to provide an up to $17.4 million construction-to term loan and $1.0 million letter of credit to CGE to secure long-term rights to landfill gas at the Chautauqua Landfill in Jamestown, NY and construct improvements at the Landfill that will upgrade the gas for transportation and sale as renewable natural gas. CGE was approved by the New York State Public Service Commission to own and operate a seventy-mile natural gas pipeline, and will construct, own, and operate a three-mile pipeline connecting the project to the Little Valley Pipeline. Through the pipelines, the Project will connect to the interstate pipeline grid for delivery and sale of the RNG.

In August 2022, NYGB increased its existing construction-to-term facility with CGE by $2.6 million ($21 million aggregate) to support a landfill gas (“LFG”) to renewable natural gas (“RNG”) project in Chautauqua County.

Last Updated: 12/07/2022
NY Green Bank | February 2021 | USA
Utility  | Energy Storage, Solar | Debt Investment | Demonstration, Term loan facility | View on Member Website

NYGB’s $25.0 million commitment in the Term Loan is expected to support a total of 95 distributed solar projects across NYS, Massachusetts, Illinois, Maryland and Georgia, including 30 distributed solar projects – totaling 144 MW – in NYS, which will deliver considerable benefits to New Yorkers. In addition, three of the projects in the Nexamp portfolio currently under construction will support clean energy generation in NYS parks.

Nexamp is a solar, battery storage, and clean energy company founded in 2007 and headquartered in Boston, Massachusetts. Nexamp develops, constructs, owns, and operates clean energy projects reporting over 300 MW of operating solar generating capacity across 100+ projects and approximately 500 MW of solar generating capacity under construction that includes 100+ projects.

Last Updated: 12/14/2021
NY Green Bank | January 2021 | Rudarpa, NY, USA
C&I  | Renewable Natural Gas, Waste-to-Energy | Debt Investment | Demonstration, Term loan facility | View on Member Website

In January 2021, NY Green Bank entered into an agreement with Rudarpa North Country, LLC, an indirect subsidiary wholly owned by Rudarpa, Inc, to provide a $29.5 million construction-to-term loan for the first Landfill Gas to Renewable Natural Gas project in Rudarpa’s tobe-built portfolio of LFG-to-RNG projects. RNC will be Rudarpa’s first project and is located in Bethlehem, NH.

Rudarpa is expected to deploy at least $29.5 million for LFG-to-RNG projects in New York State.

In September 2022, NYGB increased its existing construction-to-term facility with RUDARPA, Inc. by $3.5 million ($33 million aggregate) to support the first LFG-to-RNG project in Rudarpa’s to-be-built portfolio of projects.

Last Updated: 12/07/2022
NY Green Bank | April 2020 | USA
C&I  | Debt Investment | Revolving credit facility | View on Member Website

NYGB’s mission includes filling clean energy financing gaps for economically viable projects and business models where private capital is unavailable. The COVID-19 crisis has exacerbated financing market gaps; less capital is expected to be available for many clean energy projects and business models, resulting in even greater dependence by market participants on NYGB financing than before the COVID-19 crisis.

NY Green Bank, a division of the New York State Energy Research and Development Authority, earmarked $50 million in capital, applied to the SBA, and was approved as a PPP lender to provide PPP loans to small businesses and other eligible borrowers in the clean energy industry of New York State.

Last Updated: 12/14/2021
NY Green Bank | June 2020 | USA
Utility  | Solar | Debt Investment | Capacity development: Technical assistance, Term loan facility | View on Member Website

NY Green Bank has committed $3.8 million to finance the deployment of solar photovoltaic (projects in the development pipeline of SunX, LLC, which is wholly owned by Distributed Sun LLC. This is an expansion of NYGB’s investment in solar development capital as part of its ongoing efforts to participate in sustainable infrastructure investments in support of New York State’s Clean Energy Fund objectives. The $3.8 million financing facility is expected to support the deployment of up to 39.8 megawatts of solar PV in NYS, providing residents and businesses with a greater variety of energy choices and, ultimately, lower-cost clean energy options.

Last Updated: 12/14/2021
NY Green Bank | September 2020 | USA
Utility  | Solar | Debt Investment | Demonstration, Standardization/Data collection | View on Member Website

NY Green Bank committed to an up to $35.0 MM construction and interconnection facility to finance the development of up to thirteen community distributed generation solar projects 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.

With its commitment, NYGB expects to support the deployment of up to 78.0 MW of CDG projects in NYS.

Last Updated: 12/14/2021
NY Green Bank | June 2020 | USA
Utility  | Solar | Debt Investment | Capacity development: Technical assistance, Term loan facility | View on Member Website

NY Green Bank has committed $3.8 million to finance the deployment of solar photovoltaic (projects in the development pipeline of SunX, LLC, which is wholly owned by Distributed Sun LLC. This is an expansion of NYGB’s investment in solar development capital as part of its ongoing efforts to participate in sustainable infrastructure investments in support of New York State’s Clean Energy Fund objectives. The $3.8 million financing facility is expected to support the deployment of up to 39.8 megawatts of solar PV in NYS, providing residents and businesses with a greater variety of energy choices and, ultimately, lower-cost clean energy options.

Last Updated: 12/14/2021
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