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 | February 2020 | Australia
C&I  | Energy Efficiency, Solar | Debt Investment | Cornerstone stake, Demonstration, Fund investment | View on Member website

In November 2017, QIC Global Real Estate closed an AU$200 million senior debt facility from the CEFC to support its delivering improvements in energy efficiency across its portfolio of Australian shopping centres. In February 2020, CEFC announced that it has become an equity investor in the QIC Shopping Centre Fund (QSCF), following repayment of that debt facility: https://www.cefc.com.au/media/files/qic-gre-welcomes-clean-energy-finance-corporation-as-an-equity-investor/

QIC used the debt facility to roll out a series of major energy efficiency and clean energy initiatives. Although the shopping centres involved are of different ages and are at different levels of sustainability, QICGRE is targeting a 4-star NABERS rating across its portfolio within 5 years, which will translate to energy savings of between 30 and 40 per cent. CEFC’s finance will encourage QICGRE to implement upgrades sooner than would have otherwise occurred. In 2019, QIC Global Real Estate’s QSCF became the world’s first retail property landlord to issue a Climate Bonds Initiative certified green bond: https://www.cefc.com.au/case-studies/qic-shopping-centres-use-world-first-green-bond-to-reduce-emissions-improve-sustainability/.

 

Last Updated: 06/15/2020
NY Green Bank | January 2020 | New York State, USA
C&I, MUSH, Residential  | Solar | Debt Investment | Demonstration, Term loan facility | View on Member website

BQ is a Wappingers Falls, New York-based solar energy project developer specializing in landfill and brownfield site redevelopment. NYGB’s US$10.0 million multi-draw term loan investment finances the costs of BQ’s project development efforts. The Investment establishes a structure that can be replicated for other qualified developers to create incremental renewable energy generation and greenhouse gas mitigation benefits. It contributes to accelerated development of solar facilities in NY on brownfield/landfills, with offtake arrangements targeted to the municipalities, universities, schools and hospitals and community distributed generation markets.

Last Updated: 06/15/2020
Green Investment Group | January 2020 | Kenya
Residential  | Energy Efficiency, Water Conservation | Equity Investment | Cornerstone stake, Demonstration | View on Member website

UK Climate Investments has announced that it intends to invest up to £30 million ($US39 million) in order to finance the construction of affordable green housing in Kenya.

The prospective commitment, which will be delivered through a locally managed strategy targeting $US80-250 million of investor commitments, is intended to sponsor the construction and development of approximately 10,000 energy and water efficient homes in Kenya. By demonstrating the viability of environmentally sustainable building design, UKCI’s commitment and eventual investment will seek to embed green standards in the Kenyan market. The commitment will also support the creation of a new green asset class for local investors, mobilising Kenyan institutional capital to invest further in the sector.

Last Updated: 11/21/2019
Clean Energy Finance Corporation | January 2020 | Australia
Residential  | Energy Efficiency, Energy Storage, Smart Grid Technology, Solar | Debt Investment | Interest rate buy-down | View on Member website

The Bank Australia Clean Energy Home Loan is the first green home loan backed by the CEFC, and will use energy efficiency measurement tools to determine eligibility. The Clean Energy Home Loan offers eligible borrowers 0.4 per cent discount on their home finance. The discounted rate will apply for up to five years for customers who buy or build homes which meet or exceed a minimum of 7-stars under the Nationwide House Energy Rating Scheme (NatHERS). The Bank Australia Clean Energy Home will draw on up to $60 million in CEFC finance, providing the interest rate discount to mortgages below $1.5 million.

NatHERS rates the energy efficiency of a home based on its design. The 7-star rating materially exceeds the minimum standards of the National Construction Code, and homes built to this rating require less energy for heating and cooling. Over time, Bank Australia will extend the benefits of the Clean Energy Home Loan to existing homes, to finance ambitious green home improvements, such as energy monitoring and energy storage systems, solar hot water and energy efficient air conditioning.

Measures that would help homeowners qualify for Bank Australia’s ambitious upgrade product include installing energy monitoring systems, energy storage systems, solar hot water systems and energy efficient air conditioners. The CEFC finance is designed to fill a gap in the market, giving builders and new home buyers a financial incentive to adopt sustainable design principles from the start of the project.

Last Updated: 03/11/2020
Clean Energy Finance Corporation | December 2019 | Australia
Utility  | Onshore Wind, Solar | Debt Investment | Fund investment | View on Member website

Specialist debt manager Infradebt focuses on direct investment in smaller utility-scale renewable projects under 25MW and typically valued from A$10 million to A$50 million. Infradebt’s ethically screened infrastructure debt fund Infradebt Ethical Fund (IEF), identifies and develops greenfield renewable energy projects around Australia, filling a gap in the private investment market for projects of this size. The CEFC has committed up to A$50 million in debt finance to Infradebt. Through its new mandate with Infradebt, the CEFC will invest alongside the IEF to boost the number of smaller utility-scale renewable energy project that are built around Australia.

Last Updated: 12/26/2019
Clean Energy Finance Corporation | December 2019 | Australia
Utility  | Waste Management, Waste-to-Energy | Debt Investment | Subordination | View on Member website

The A$511 million East Rockingham Resource Recovery Facility (ERRRF) will help tackle Australia’s rising waste management problem by diverting waste from landfill. It will also generate renewable baseload energy to support WA’s electricity network. The CEFC is committing up to A$57.5 million towards the facility. This subordinated debt facility is the first of its kind for the EfW sector in Australia and provides capital structure innovation for the project.

When complete, the ERRRF will process about 300,000 tonnes of residual waste a year, reducing annual emissions by more than 300,000 tonnes of CO2-e, the equivalent of taking about 64,000 cars off the road. The state-of-the-art facility will also generate 29MW of renewable baseload electricity for the South West Interconnected System – enough to power more than 36,000 homes. It is expected to employ about 300 workers, including apprentices during construction, and up to 50 operations staff on an ongoing basis when complete.

The ERRRF has entered into a power purchase agreement with Talison Lithium Australia for 25MW of its generating capacity. It has also secured long-term supply contracts for a significant portion of its waste from the Eastern Metropolitan Regional Council and the City of Cockburn. Importantly, the ERRRF is the first of its kind in Australia to use “waste-arising” contracts, giving councils the ability to continue to pursue waste reduction targets with waste supply commitments to the ERRRF. This type of innovative contractual framework will help support WA’s Waste Avoidance and Resource Recovery Strategy 2030.

Last Updated: 12/12/2019
NY Green Bank | December 2019 | New York, USA
C&I, Residential  | Biogas, Energy Storage, Fuel Cell, Solar | Debt Investment | Demonstration, Refinancing | View on Member website

NY Green Bank provided a senior secured $35.0 million term loan facility to Generate PPL SPV I (“Borrower”), which is owned by Generate Lending, LLC (“Parent”), a limited liability company that is owned by Generate Capital, Inc. (“Sponsor” or “Generate”). Loan proceeds will refinance a portion of a senior secured term loan between the Parent and Plug Power, Inc. This transaction is expected to result in increased Sponsor investment in New York State clean energy projects that amount to at least $35.0 million. Generate is an investment and operating platform that finances, acquires, builds, owns and operates sustainable infrastructure in the United States. It has a NYS portfolio and pipeline that includes rooftop solar, community solar, anaerobic digesters, and fuel cells. NYGB entered into this $35.0 million Facility to support Generate and leverage its illiquid position in a senior secured loan with Plug Power. By demonstrating the attractive risk-adjusted returns from sustainable infrastructure projects, Generate and NYGB expect this transaction to serve as an important precedent and signal that will usher in capital for clean energy investments in NYS and grow the market for these solutions.

Last Updated: 12/31/2019
Bulgarian Energy Efficiency and Renewable Sources Fund | Open Program Since 2006 | Bulgaria
C&I, MUSH, Residential  | Energy Efficiency | Debt Investment | Capacity development: Technical assistance, Co-investment, Guarantee/insurance | View on Member website

EERSF has the combined capacity of a lending institution, a credit guarantee facility and a consulting company. It provides technical assistance to Bulgarian enterprises, municipalities and private individuals in developing energy efficiency investment projects and then assists their financing, co-financing or plays the role of guarantor in front of other financing institutions.

The underlying principle of EERSF’s operations is a public-private partnership. The Fund pursues an agenda fully supported by the Government of Bulgaria, but it is structured as an independent legal entity, separate from any governmental, municipal and private agency or institution.

As of December 2019, the EERSF had invested $30 million into projects with a total value of $42 million.

Case studies on individual projects financed through the EERSF can be found at https://www.bgeef.com/en/projects-and-case-studies.

Last Updated: 12/12/2019
NY Green Bank | December 2019 | New York, Massachusetts, Rhode Island, USA
MUSH, Residential, Utility  | Solar | Debt Investment | Co-investment, Demonstration | View on Member website

AES DE is an experienced project developer, owner, and operator of renewable energy projects, and is actively managing a project portfolio that consists of community solar, utility scale, and municipal solar projects – including 33.7 MW of community solar in NYS. NYGB’s US$50.0 million commitment in the Term Loan is expected to support a total of 41 distributed solar projects across New York, Massachusetts, and Rhode Island, including 14 distributed solar projects – totaling 46.1 MW – in NYS, which will deliver considerable benefits to New Yorkers. In addition, three of the projects in the AES DE portfolio currently under construction will support clean energy generation in New York State parks. All of these projects will be made in support of corporate goals set by AES DE’s parent company, AES Corp. which aims to decrease its carbon intensity 70% by 2030.

This transaction provides substantial liquidity to an experienced project developer focused on increasing its renewable energy project holdings. Additionally, this transaction will help NYGB continue to demonstrate the viability of community distributed generation projects in NYS, draw new investors into the marketplace, and ultimately lower the cost of capital. Increased solar deployment will continue to drive activity in the State which will help NYS meet its 6 GW solar target by 2025. Consumers are expected to be the ultimate beneficiaries in the form of broader access to lowercost clean energy generation, with corresponding resiliency, affordability, choice, and environmental benefits.

Last Updated: 03/09/2020
Green Investment Group | November 2019 | Poland
Utility  | Onshore Wind | Equity Investment | Demonstration | View on Member website

GIG announced its second acquisition in Poland, buying the 48 MW onshore wind farm in Zajączkowo from J-Power Investment Netherlands B.V and Mitsui Renewable Energy Europe Limited. The project is located approximately 10km south-west of the city of Slupsk and 110km north-west of Gdansk. The Zajączkowo wind farm comprises of 24 Vestas V80 turbines, and is generating enough renewable electricity to power the equivalent of 38,367 homes. It has been operating for 11 years, having achieved a commercial operations date in September 2008.

This acquisition sees GIG continuing to build presence in a new market with strong fundamentals and significant growth potential for renewables. Poland is the largest electricity market in Central Eastern Europe, but has one of the lowest shares of renewables in electricity generation in that part of Europe. Electricity demand is predominantly met from an ageing fleet of coal and lignite power plants, and in time these plants will need to be replaced with new generating capacity – making renewables deployment increasingly important.

Last Updated: 11/21/2019
Green Investment Group | October 2019 |
Utility  | Offshore Wind | Equity Investment | Co-investment, Demonstration | View on Member website

GIG announced the successful financial close for Taiwan’s Formosa 2 offshore wind farm. Formosa 2 was jointly developed by Macquarie Capital (75%) and Swancor Renewable Energy (25%). GIG will play a key role in delivering the project through its construction phase.

The 376 MW offshore wind project located off the coast of Miaoli will utilise 47 market-leading 8 MW turbines. Once complete, it is estimated to displace 18,750 kt CO2eover its lifetime while powering the equivalent of 380,000 households annually.

Total funding for the project of NT$62.4 bn, will be financed by a consortium of 20 international and local Taiwanese financial institutions. The significant interest shown by the financial consortium has demonstrated the attractiveness of the Formosa 2 project and the offshore wind potential in Taiwan. The financing will be used to support the development and construction of the project.

Last Updated: 11/21/2019
Green Investment Group | October 2019 | UK
C&I  | Solar | Aggregation, Capacity development: Technical assistance, Demonstration | View on Member website

GIG announced an agreement with Tesco to own and operate solar PV systems at a number of the food retailer’s sites across the UK. This is part of a major new installation programme commissioned by Tesco to increase its onsite renewable generation. The first installations have now been completed and GIG’s participation in the program is expected to encompass sites across the UK.

With these installations of onsite solar PV systems, Tesco has begun to realise its ambition to generate 10 per cent of its energy needs onsite by 2030. The move is part of the retailer’s commitment to use 100 per cent renewable electricity across the Tesco Group by 2030. GIG will install, own, operate and maintain the solar PV systems installed on the retail sites – with Tesco paying an agreed price for the electricity that the systems generate. Power Purchase Agreements (PPAs), such as these, allow firms to avoid upfront capital and maintenance costs, whilst saving on their energy bills.

Last Updated: 11/21/2019
Clean Energy Finance Corporation | November 2019 | Australia
Utility  | Energy Storage, Waste Management | Debt Investment | Demonstration | View on Member website

The CEFC committed up to A$50 million in project finance for South Australia’s landmark ‘big battery’, working alongside Neoen, ARENA and the SA Government to improve grid security and maximise the benefits of renewable energy. The CEFC finance is part of a 50 per cent expansion of the Hornsdale Power Reserve, the world’s largest grid-scale battery. The expansion, by leading international renewable energy developer Neoen, will provide an Australian-first large-scale demonstration of the potential for battery storage to provide the stabilising inertia services that are critical to the future integration of renewable energy.

Last Updated: 11/21/2019
Clean Energy Finance Corporation | November 2019 | Australia
Agriculture  | Energy Efficiency, Waste Management | Equity Investment | Fund investment | View on Member website

Tenacious Ventures, Australia’s first dedicated agrifood tech venture capital firm, supports early stage companies that are developing technologies designed to lower emissions and increase energy efficiency in the agriculture sector. The A$30 million Tenacious Ventures Fund I will invest in up to 20 early-stage agrifood tech companies that are underpinned by emerging technologies and transformative business models. The CEFC has made a cornerstone investment commitment of $8 million equity to the fund, through the Clean Energy Innovation Fund, which draws on the finance and skills of the CEFC and the Australian Renewable Energy Agency (ARENA).

Agriculture is a significant and growing contributor to global emissions and the world’s largest source of non-CO2 emissions, with about 14 percent of global greenhouse gas emissions. It is estimated to represent up to 30 percent of global emissions when the broader food system, such as growing, harvesting, processing, packaging, transport, and consumption, are taken into account. Emerging agricultural technology targets measures to improve farm efficiency and increase food yields, reduce agricultural inputs, land clearing and methane emissions, advance plant science and crop genetics and minimise food waste.

Last Updated: 11/21/2019
Clean Energy Finance Corporation | October 2019 | Australia
C&I, Transport, Utility  | Energy Efficiency, Energy Storage, Low Emissions Transport, Smart Grid Technology, Solar | Equity Investment | Cornerstone stake, Fund investment | View on Member website

The CEFC iinvested A$100 million into Macquarie Infrastructure and Real Assets (MIRA)’s Australian infrastructure platform to further support decarbonisation in the infrastructure sector. MIRA is pursuing emissions reductions and improved energy efficiency across its Australian infrastructure platform. MIRA, one of the world’s leading alternate asset managers, will target lower carbon emissions at assets in sectors including airports, electricity, port, rail and water. The emissions reduction standards will focus on identifying global best practice to drive positive change. Global best practice measures include Science Based Targets (SBT), which work to achieve the Paris Agreement commitment to limit global warming to well below two degrees Celsius from pre-industrial levels.

Last Updated: 10/11/2019
NY Green Bank | September 2019 | New York, USA
C&I  | Energy Efficiency | Equity Investment | Co-investment, Demonstration | View on Member website

NY Green Bank committed $5.0 million to finance the construction and operation of an energy efficient, LEED Certified lodging property located in the Village of Saranac Lake (the “Project”) and developed by Saranac Lake Resort Owner, LLC. The Project’s energy efficiency measures are expected to reduce greenhouse gas emissions relative to design standards. This is NYGB’s first investment in an energy efficient, new building asset as part of its ongoing efforts to participate in sustainable infrastructure investments in support of Clean Energy Fund objectives. The Project is expected to create approximately 71 full time jobs in New
York State, supporting economic development in the North Country.

Last Updated: 10/11/2019
Green Investment Group | October 2019 |
Utility  | Offshore Wind, Onshore Wind, Solar | Capacity development: Technical assistance, Consumer education/marketing | View on Member website

GIG announced a ground-breaking initiative to increase the availability of standardised, climate-related data. GIG’s pioneering Carbon Score methodology will be combined with Bloomberg NEF’s market-leading renewable energy project data to build a tool to assess the carbon impact of over 40,000 wind and solar assets globally.

As developers, asset owners and managers, project finance providers and energy consumers increasingly seek to understand the environmental benefits of projects better, the demand for robust environmental data continues to grow. However, as recognised in the recent Climate Finance Leadership Initiative (CFLI) Financing the Low-Carbon Future report, the integration of climate-related risks and opportunities into investment decisions continues to be challenged by a lack of information.

GIG’s methodology helps to address some of this by generating a simple and intuitive Carbon Score for renewables assets, enabling BNEF clients to quickly, clearly and consistently assess, and compare, the positive carbon impact of individual assets, fund portfolios or PPAs. Through the partnership, GIG’s Carbon Score will be applied to over 60% of the world’s consented wind and solar projects.

Last Updated: 10/11/2019
Clean Energy Finance Corporation | September 2019 | Australia
Utility  | Energy Storage | Debt Investment | Demonstration | View on Member website

Large-scale battery storage projects may be eligible for finance through the CEFC’s Dispatchable Power Program. Up to A$125 million is available through the first phase of the program, which is designed to complement grant funding offers for emerging technologies. Initially, successful applicants under the New South Wales Government’s Emerging Energy Program (EEP), are eligible to apply for funding under the CEFC’s Dispatchable Power Program. In subsequent phases of its Program, the CEFC may look to support emerging technologies alongside other State Government grant programs, as they arise. The CEFC’s finance is available at a fixed-interest rate for projects that meet the CEFC’s investment criteria, and can be used to support contracted, partially-contracted and uncontracted projects which will rely on merchant revenues such as from the provision of Frequency Control Ancillary Services (FCAS)

The battery projects will be expected to meet the CEFC’s investment criteria to be eligible for finance and will be assessed on a case-by-case basis.The large-scale battery storage projects supported through this program are expected to unlock opportunities for higher penetration of renewable energy in the New South Wales grid. While the CEFC’s Dispatchable Power Program is targeting utility scale battery opportunities, the CEFC may look to finance other projects eligible for EEP grants, if appropriate. These may include technologies such as biogas, virtual power plants and pumped hydro.

Last Updated: 10/11/2019
Clean Energy Finance Corporation | September 2019 | Australia
MUSH  | Energy Efficiency, Smart Grid Technology | Equity Investment | Cornerstone stake, Fund investment | View on Member website

CEFC finance will help Barwon Institutional Healthcare Property Fund improve the energy efficiency and comfort of a range of healthcare and medical facilities around Australia. The CEFC announced taking an A$80 million equity stake in the Barwon Institutional Healthcare Property Fund which has 14 healthcare property assets across Australia and is planning to acquire more.

The investment will improve the energy performance of existing assets to achieve carbon emissions reductions of about 40 per cent when compared with the Council of Australian Governments (COAG) Baseline Energy Consumption in commercial buildings. Measures include rooftop solar, energy efficient Heating Ventilation and Air Conditioning (HVAC) systems, lighting upgrades and building monitoring systems. The CEFC’s equity is part of a broader A$375 million capital raising which involves several large Australian superannuation funds.

Last Updated: 10/11/2019
Clean Energy Finance Corporation | September 2019 | Australia
Agriculture  | Biomass, Energy Efficiency, Energy Storage, Onshore Wind, Small Hydro, Solar, Water Conservation | Capacity development: Technical assistance, Consumer education/marketing | View on Member website

In an Australian first, the CEFC and the National Farmers Federation (NFF) collaborated to back ready-made clean energy solutions for Australian farmers, with the twin goals of increasing on-farm efficiency and cutting greenhouse gas emissions. In a practical new guide for Australia’s 85,000 farming enterprises, the CEFC and the NFF have identified 51 opportunities where farmers can reduce their energy bills by improving energy efficiency and switching to renewables. The investment commitments start at under A$10,000, making them cost effective at a time of farm stress and drought.

The potential energy efficiency technologies range from variable speed drives and smart controls to best-in-class tractors and refrigeration equipment. Renewable energy solutions include increasingly cost-effective solar PV as well as on-farm microgrids, which are particularly relevant in remote areas or where network connections are expensive.

Last Updated: 10/11/2019
Green Investment Group | August 2019 | Off the Suffulk coast, UK
Utility  | Offshore Wind | Equity Investment | Cornerstone stake | View on Member website

Macquarie’s Green Investment Group (GIG) entered into an agreement, subject to the satisfaction of customary completion conditions, to acquire a 40% stake in the East Anglia ONE (EA1) offshore wind farm from ScottishPower Renewables (UK) Limited, a subsidiary company of the Iberdrola group. GIG secured debt financing from the market to assist in funding its investment.

The acquisition reinforces GIG’s commitment to accelerating the UK’s energy transition and brings the total capacity of UK offshore wind supported by GIG to over 5.7 GW, across 14 projects – equivalent to almost 50% of the total UK offshore wind capacity in operations or construction.

EA1 is a 714 MW development located 43 KM off the UK’s Suffolk coast. The project will comprise 102 Siemens Gamesa 7 MW wind turbines, which when fully operational, will produce enough green electricity to power the equivalent of over 600,000 homes annually.

Last Updated: 09/11/2019
Green Investment Group | August 2019 | Warmiab, Masurian Voivodeship, Poland
Utility  | Onshore Wind | Equity Investment | Cornerstone stake | View on Member website

Macquarie’s Green Investment Group (GIG) acquired the 42 MW Kisielice onshore wind farm from Impax New Energy Holdings Cooperatief W.A, an entity owned by NEF2, a renewable energy fund managed by Impax Asset Management. Located in Warmiab, Masurian Voivodeship, it is GIG’s first investment in Poland. The project has been fully operational since 2014 and consists of 21 Enercon E82 turbines generating enough renewable electricity to power 45,590 homes per year.

In October 2019, GIG announced that for the next ten years, Signify, the world leader in lighting, will purchase renewable energy for its operations in Poland from the Kisielice onshore wind farm. Signify’s Polish facilities are responsible for more than 25 per cent of its global electricity footprint. The Virtual PPA marks a major milestone in Signify’s commitment to become carbon neutral in 2020: http://greeninvestmentgroup.com/news-and-insights/2019/signify-signs-vppa-with-green-investment-group/

Last Updated: 09/11/2019
Green Investment Group | August 2019 | South Africa
Utility  | Onshore Wind, Small Hydro | Debt Investment | Capacity development: Technical assistance, Demonstration | View on Member website

Established in 2000, H1 Holdings is a majority black-owned and managed developer of renewable energy projects. UKCI will provide critical financing for the development of the Kruisvallei Hydro project in the Free State province (4 MW), Kangnas Wind Farm in the Northern Cape province (140 MW) and the Perdekraal East Wind Farm in the Western Cape province (110 MW). The financing will be provided through an innovative funding mechanism developed by UKCI in close consultation with H1 Holdings and designed to support Black Economic Empowerment (BEE) entities.

The projects are expected to be completed by the end of 2020 and provide enough clean electricity to power nearly 200,000 homes each year. During their lifetime, they will help avoid approximately 844,000 tonnes of greenhouse gas emissions per annum.

In addition to promoting cleaner growth, the projects will stimulate rural development by employing and training at least 40 per cent of construction, operations and maintenance staff from local communities.

Last Updated: 09/11/2019
Clean Energy Finance Corporation | July 2019 | Perth, Australia
MUSH  | Energy Efficiency, Solar | Debt Investment | Co-investment, Demonstration | View on Member website

The next generation of Curtin University students will reap the benefits of clean energy, via a major new industry-connected innovation hub. With more than 56,000 students, Curtin University is WA’s largest university with the main campus based in Perth, a major regional campus in Kalgoorlie and four international campuses.

The mixed-use Exchange development in Perth will deliver improvements in energy efficiency and lower carbon emissions while providing world-class educational facilities. It will include about 1,000 new student accommodation beds, a 60-room boutique hotel, 38 apartments, 3,000 square metres of commercial space and 15 specialty retail shops. The CEFC has committed up to $120 million in debt finance towards the $300 million Exchange project. The first stage of the development is expected to open in January 2022.

The Exchange is expected to save more than 2,455 tonnes of carbon emissions annually – the equivalent of taking about 520 cars off the road each year.  To achieve that target, integrated sustainability initiatives will include a high-performance building façade, energy efficient heating, ventilation and air conditioning, energy efficient internal lighting systems and a more than 300kw of solar PV across the project.

Last Updated: 07/24/2019
Tata Cleantech Capital Limited | July 2019 | Rajasthan, India
Utility  | Solar | Debt Investment | Refinancing |

TCCL financed 20 MW of solar power project in the state of Rajasthan. The project has been operational since February 2013. The power produced shall be purchased by a government owned company.

Last Updated: 11/21/2019