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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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, Community Equity, 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, Resiliency and Adaptation, 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
DC Green Bank | June 2020 | DC, USA
Utility  | Solar | Debt Investment | Co-investment, Demonstration | View on Member website

The DC Green Bank is providing initial financing totaling $1 million to leading sustainable and DC-based firm Flywheel Development to fund its Solar For All installations in 2020 – a re-roofing and solar development effort focused on Wards 7 and 8 and backed by $3.2 million in solar assets.

By funding these projects DC Green Bank will not only help save DC residents millions in utility bills through the construction of nearly 1 megawatt of solar energy, reducing emissions by 1,100 tons of carbon dioxide annually, but also create jobs for residents and collaborative partnerships to help the District thrive.

Last Updated: 12/16/2022
NY Green Bank | August 2022 | New York State, USA
C&I  | Energy Efficiency | Debt Investment | Term loan facility | View on Member website

NYGB entered into a construction-to-term facility alongside C-PACE to support the construction of Albany Hyatt, an all-electric hotel at a recovered brownfield site in downtown Albany. NYGB’s facility demonstrates senior lender comfort in investing in all-electric, new building projects with C-PACE financing.

Last Updated: 12/07/2022
NY Green Bank | February 2023 | New York State, USA
Residential  | Energy Efficiency, Energy Storage, Solar | Debt Investment | Demonstration | View on Member website

In June 2022, NYGB increased its existing senior-secured revolving credit facility with Sealed Inc, an energy service provider, by $7.5 million. The upsize to NY Green Bank’s existing loan will increase Sealed’s ability to offer an innovative financing option to cover the costs of home energy efficiency and HVAC electrification measures. This transaction will enable Sealed to expand its current operations and complete additional energy-saving improvements in homes in NYS. Additionally, this transaction will help establish a track record for this type of performance-based financing and demonstrate the ability of these projects to achieve competitive risk-return profiles.

In February 2023, NY Green Bank (“NYGB”) provided a $10.0 million upsize to its revolving credit facility to Sealed. An upsize to NYGB’s existing loan will increase Sealed’s ability to offer an innovative financing option to cover the costs of home energy efficiency measures.

 

 

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

In June 2022, NYGB entered into a subordinated loan facility, originated through RFP 19, that will enable NYCEEC to make loans to finance energy efficiency projects in NYS that benefit Disadvantaged Communities. At present, Impact-focused lenders are undercapitalized relative to the scale of their need, so are unable to put significant capital to work in addressing market gaps to grow the market for clean energy and energy efficiency. NY Green Bank’s participation supports an impact-focused lender by providing capital to scale such investments to benefit disadvantaged communities.

Last Updated: 12/07/2022
NY Green Bank | March 2022 | New York State, USA
Residential  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

In March 2022, NYGB provided an $8.0 million multi-draw term loan facility to e2i (dba Clean Asset Co., LLC). This transaction will enable e2i to build and retrofit high-performance, electric, affordable multifamily homes in NYS.

Last Updated: 12/07/2022
NY Green Bank | March 2022 | New York State, USA
Residential  | Solar | Debt Investment | Refinancing | View on Member website

In March 2022, NYGB provided an incremental $15.0 million to support the refinancing of Sunrun’s $600.0 million senior secured revolving credit facility. The original facility was $250.0 million, under which NYGB had a $25.0 million commitment. This transaction will enable Sunrun to continue supporting its distributed energy project portfolio for homeowners across NYS.

Last Updated: 12/07/2022
New Zealand Green Investment Finance | April 2022 | New Zealand
Transport  | Low Emissions Transport | Debt Investment | Leasing | View on Member website

NZGIF is providing a $20 million finance facility to support Zenobē with the deployment of electric bus (E-Bus) fleets under long-term lease agreements with major operators in New Zealand. A further $30 million is being held in reserve to support additional uptake, which NZGIF hopes sends a strong signal to the public transport sector that commercial, zero emission solutions will be more accessible.

Last Updated: 12/07/2022
New Zealand Green Investment Finance | September 2021 | New Zealand
MUSH, Utility  | Solar | Debt Investment | Co-investment | View on Member website

NZGIF has established an $8 million senior debt facility to fund the operation of solar panels on schools across New Zealand. It will do this by setting up a facility to provide financing for the installation of solar arrays (including operating costs) using power purchase agreements (PPAs). NZGIF is also holding $10 million in reserve for future extensions to the finance facility as demand grows. The new energy initiative, called solarZero Schools, will enable Kiwi schools to convert sunshine into solar energy to power their school and contribute to an increase in New Zealand’s renewable electricity generation capacity.

Last Updated: 12/07/2022
New Zealand Green Investment Finance | December 2021 | New Zealand
Transport  | Low Emissions Transport | Debt Investment | Co-investment, Fund investment | View on Member website

New Zealand Green Investment Finance (NZGIF) and NZ Post have signed a $20 million financing agreement to accelerate the transition of the NZ Post fleet and its delivery contractors’ vehicles to electric vans (E-Vans) or low emissions vehicles (LEVs). NZGIF is providing financing of $10 million and NZ Post $10 million through NZGIF’s majority owned subsidiary Sustainable Fleet Finance (SFF) to provide attractive and competitive financing to improve access to E-Vans/LEVs.

Last Updated: 12/07/2022
Clean Energy Finance Corporation | September 2022 | Australia
C&I  | Energy Efficiency, Energy Storage, Low Emissions Transport | Debt Investment | Fund investment | View on Member website

The CEFC has committed up to $21 million to unlock and commercialize innovative technology solutions that will help mining operations decarbonize and reposition the sector to capture the benefits of the future low emissions economy. The CEFC investment into the private equity fund RCF Jolimont Mining Innovation Fund II (“the Fund”), will back Australian companies working to develop the innovative solutions needed to reduce emissions in the hard to abate mining sector.

The Fund targets early to late-stage private mining equipment, technology, and services (METS) companies in Australia and internationally with strong growth potential. The CEFC commitment will be directed towards clean energy businesses developing industry specific software and technology developments to improve energy efficiency, develop mine-specific renewable energy storage solutions and increase electrification of mine site vehicles.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | September 2022 | Australia
Agriculture  | Land Use | Debt Investment | Fund investment | View on Member website

In a landmark $75 million commitment in the pastoral sector, the Clean Energy Finance Corporation (CEFC) is targeting cuts to on-farm methane emissions, together with Paraway Pastoral Company (Paraway), one of Australia’s largest pastoral operators. The CEFC commitment, through an agricultural fund managed by Macquarie Asset Management, will see Paraway aim to reduce its methane intensity by at least 30 percent by 2030, aligned with the principles of the Global Methane Pledge.

Operating 28 pastoral and cropping farms over more than 4.5 million hectares across Australia, Paraway has capacity to run more than 220,000 cattle and 250,000 sheep, as well as a mixture of dryland and irrigated cropping.

As part of the commitment, Paraway will trial and showcase new technologies and practices to cut emissions, including altered herd management and genetics selection, changes to feed additive and farm practices, vegetation management and enhanced emissions measurement. Progress will be shared with other producers to encourage further emissions reduction in the vital agriculture sector.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | August 2022 | Queensland, Australia
C&I  | Onshore Wind, Smart Grid Technology | Debt Investment | Demonstration | View on Member website

A landmark CEFC investment to support the Southern Downs Renewable Energy Zone (REZ) will help develop critical transmission and grid infrastructure to connect multiple clean energy assets in Queensland to the National Electricity Market.

In its first investment to support the development of a REZ, the $160 million CEFC financing commitment will unlock an additional 500 MW of new network hosting capacity, adding to the proposed 1000MW of renewable plant capacity to support the MacIntyre Wind Precinct. The precinct includes the 103MW Karara Wind Farm, and the 923 MW MacIntyre Wind Farm, and is set to be one of the world’s largest onshore wind farms.

By stepping in with concessional finance, the CEFC has provided a scale efficient solution to unlock greater renewable generation capacity in the Southern Downs REZ. This cost effective solution has ensured a scale efficient build out shared across future generation capacity.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | August 2022 | Australia
C&I  | Energy Efficiency, Energy Storage, Renewable Power | Debt Investment | Co-investment, Fund investment | View on Member website

The CEFC is investing up to $200 million alongside ANZ Bank as part of a new program to provide discounted clean energy finance to ANZ business customers. The discounted finance is designed to encourage small to medium sized (SME) businesses to invest in a broad range of activities to cut their emissions – from renewable energy to energy efficient and precision agricultural equipment, recycling technologies, and electric vehicles. The CEFC and the ANZ will each contribute 0.25 percent toward a 0.5 percent discount on loans of up to $5 million. The finance extends the well-established CEFC co-financing programs, which have seen financial institutions provide more than 5,500 asset loans to business borrowers Australia-wide.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | July 2022 | Australia
C&I  | Energy Storage, Renewable Power, Solar | Debt Investment | Cornerstone stake, Fund investment | View on Member website

The CEFC has made a $75 million cornerstone commitment to Octopus Investments Australia’s first renewable energy platform for the development of utility scale solar and storage. The investment comes alongside a commitment made by leading Australian superannuation fund, Hostplus, further crowding in institutional capital to the Australian energy sector and supplying the growing appetite from superannuation members for more products with sustainable and renewable assets. The CEFC investment marks the entry of a major global fund manager into the Australian market, enhancing Australia’s position as a global financial hub and helping to drive the transition towards net zero emissions.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | July 2022 | Australia
C&I  | Debt Investment | Co-investment, Cornerstone stake, Fund investment | View on Member website

The CEFC has ramped up investment in companies that are fast-tracking the decarbonization of the economy, with a $50 million cornerstone investment in the Ellerston 2050 Fund alongside a $50 million commitment from Qantas Super to support the work of Australia’s carbon abatement “enablers.”

These “enablers” are companies that are providing the technology and services that their customers use to reduce their carbon footprints. They represent a new area of economic growth and business development, able to capitalize on the growing wave of investment into emissions reduction.

The open-ended, wholesale Fund will be managed by Ellerston Capital and will focus on investing in listed and unlisted small to mid-sized companies which actively help reduce carbon emissions in the wider economy. These include companies with low carbon products, technology, and services that enable energy efficiency or facilitate the accelerated adoption of low emissions technologies.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | June 2022 | Australia
Transport  | Low Emissions Transport | Venture Capital | Co-investment | View on Member website

An Australian advanced manufacturing company bringing an innovative solution to aviation emissions – modeled on shark skin – has received a $2 million investment boost from the CEFC, alongside strategic investors, including venture capitalists Bill Tai and Amanda Terry of ACTAI Ventures. MicroTau has created a lightweight film product that can be applied to the surface of aircraft, reducing drag, improving fuel efficiency, and cutting emissions. The film, which can be applied during scheduled aircraft maintenance, has the potential to save commercial aviation and shipping more than US$34 billion in fuel costs, delivering as much as 225 million tonnes in CO2 abatement annually.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | May 2022 | Australia
C&I  | Waste Management | Debt Investment | Co-investment | View on Member website

The CEFC is committing to up $7.5 million to Australian e-waste recycler Scipher Technologies to help tackle the nation’s mounting e-waste problem and reduce the associated emissions. The CEFC investment in the Scipher Series B funding round, made through the Australian Recycling Investment Fund, is being matched by a $7.5 million investment from the Australian Business Growth Fund (ABGF), delivering a substantial $15 million boost to Australia’s recycling capabilities.

E-waste includes valuable commodities which can be recovered and recycled through ‘urban mining’, preventing them from being sent to landfill. These commodities include steel and iron (ferrous metals); copper, aluminum, and zinc (non-ferrous metals), and gold, silver, and palladium (precious metals).

The CEFC investment, on behalf of the Australian Government, will enable Scipher to increase its e-waste processing capacity by investing in new and upgraded recycling infrastructure. Scipher is also planning to extend its recycling capacity to include mobile phones, lighting equipment, large household appliances, and solar panels.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | May 2022 | Australia
C&I  | Low Emissions Manufacturing, Renewable Power | Debt Investment | Co-investment | View on Member website

Manildra, Australia’s largest wheat processor and ethanol manufacturer, is taking a significant step toward reducing its greenhouse gas emissions, drawing on an $85 million CEFC investment to exit coal at its primary manufacturing plant in regional NSW.

The project will help kickstart the transition of the domestic industrial sector to a low carbon future, decarbonizing operations while maintaining global competitiveness. The installation of cogeneration technology will reduce emissions at the energy intensive Nowra plant by about 40 percent, abating an estimated 332,000 tonnes of CO2-e annually. Manildra will no longer use coal to generate steam at the plant.

Last Updated: 11/09/2022