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

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

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

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

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

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

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NY Green Bank | November 2017 | New York, USA
C&I  | Solar | Debt Investment | Standardization/Data collection | View on Member website

BQ Energy (“BQ”) is a renewable energy project developer specializing in landfill and brownfield site redevelopment. As the third installation of a larger portfolio of projects to be financed in partnership with NY Green Bank, BQ will receive a US$3.1 million construction loan and term loan facility to complete a 2.8 megawatt solar project to be constructed on a remediated landfill located in the City of Beacon, NY. Solar power from this project will be sold to the City, generating a significant percentage of its total power needs.

Last Updated: 09/01/2018
Green Investment Group | November 2017 | UK
C&I, MUSH  | CHP, Energy Efficiency, Energy Storage, Low Emissions Transport, Smart Grid Technology, Solar | Debt Investment | Consumer education/marketing, Standardization/Data collection | View on Member website

GIG launched a new service called Energy Solutions to help medium and large energy users reduce energy costs and cut carbon emissions with no upfront costs for the user. Energy Solutions provides private and public organisations with end-to-end technical and funding support that will enable them to take distributed energy and energy efficiency projects from the earliest phase of development through construction and into operations and management.

As part of Energy Solutions, GIG will offer a ‘pay-as-you-save’ Energy Services Agreement (ESA). This will enable businesses to benefit from a programme of investment in energy assets with no balance sheet impact. These assets can involve a diverse range of technologies including power generation, heating and cooling, controls and systems, batteries, transport fleets, and lighting.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | November 2017 | South Australia, Australia
Utility  | Energy Storage, Onshore Wind | Debt Investment | Co-investment, Demonstration | View on Member website

The 212MW Lincoln Gap Wind Farm to be built near Port Augusta in South Australia, will include approximately 10MW of battery storage to better manage the intermittency of generation while boosting its ability to provide a cost-effective, reliable clean and secure source of energy. The project is the first in Australia to secure non-subsidised debt finance for a large-scale battery component and provides an important financing model for other developers and investors wanting to be at the forefront of the closer integration of renewables into the grid.

The project will be developed in two stages, with the CEFC committing up to AU$150 million in senior debt finance as the sole financier to Nexif Energy to help it develop the AU$300 million 126MW first stage of its planned wind farm, which will include the battery storage.

Last Updated: 05/01/2018
Green Investment Group | November 2017 | Sweden
Utility  | Onshore Wind | Equity Investment | Co-investment | View on Member website

GE and GIG partnered to deliver and operate 650 MW of onshore wind through the Markbygden ETT wind farm in Northern Sweden. The project will be the largest single site onshore wind farm in Europe, increasing Sweden’s installed wind generation by more than 12.5 percent. The equity partners raised approximately EUR800 million in financing and have commenced construction of the project. The transaction is GIG’s first equity investment following its acquisition by Macquarie and its first investment outside of the United Kingdom.

The project was financed on a non-recourse project financing basis with close to EUR500 million in debt financing. GE and GIG originated and structured a 19-year fixed volume Power Purchase Agreement (PPA) with a subsidiary of Norsk Hydro, one of the largest aluminum producers in the world. The PPA is understood to be the largest corporate wind energy PPA in the world.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | October 2017 | Queensland, Australia
Utility  | Energy Storage, Onshore Wind, Solar | Debt Investment | Co-investment, Demonstration | View on Member website | View related GBN resource

Windlab and Eurus Energy’s Kennedy Energy Park in central north Queensland will be Australia’s first fully integrated wind, solar and battery project. CEFC committed AU$94 million as a sole debt financier for the project. The AU$160 million 60MW project near Hughenden will connect to the local grid, providing electricity to communities from Julia Creek to Charters Towers, more than 500 kilometres away.

The project includes 43.2 MW of wind, 15 MW (AC) of solar and 2 MW of battery storage and is expected to deliver lifetime emissions abatement of almost three million tonnes of CO2-e. The addition of the battery component will provide increased grid stability, allowing local communities to benefit from cheaper, cleaner electricity closer to the point of generation, with the added benefit of relieving demand on long transmission lines.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | October 2017 | Queensland, Australia
C&I, Residential, Utility  | Smart Grid Technology | Equity Investment | Demonstration | View on Member website

The Clean Energy Innovation Fund – which uses finance from the CEFC to invest in innovative clean energy companies and projects – committed US$5 million (approximately AU$6.5 million) to Redback. The Innovation Fund’s equity commitment is part of Redback’s US$7 million Series A-2 capital raising round, which has also secured a US$2 million investment from RightClick Capital.

Redback’s system uses machine learning to predict solar generation and customer usage. It then makes intelligent decisions to optimise energy usage, driving down energy costs for end users and reducing fossil fuel reliance. Redback’s software also enables systems to be aggregated to form a virtual power plant, to provide grid services and support increased integration of renewables into the grid. The investment will allow Redback to expand its R&D capabilities, accelerate development of its smart software suite and strengthen its technical and professional workforce.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | September 2017 | Victoria, Australia
Utility  | Solar | Debt Investment | Co-investment, Demonstration | View on Member website

The 88MW (AC) 110 (DC) Bannerton Solar Park, being constructed in near Robinvale in the Sunraysia district in Victoria will help bring stability and diversity to the state’s energy supply. The CEFC is the sole debt financier to the project and its involvement demonstrates the commercial viability of the project due to the fall in the cost of building solar in Australia.

CEFC committed approximately AU$98 million for the solar project which is being developed by a joint venture between independent global infrastructure and private equity investment manager Foresight Group and Syncline Energy, a Victorian-based developer. Equity investment in the project will be provided by the UK-listed Foresight Solar Fund Limited (FSFL), Korean government-owned Korean Infrastructure Asset Management Company KIAMCO (each of whom are taking a 48.5 per cent stake) and Korea’s Hanwha Energy (3 per cent).

Last Updated: 05/01/2018
CT Green Bank | September 2017 | Connecticut, USA
MUSH  | Solar | Debt Investment | Co-investment, Subordination | View on Member website

The Connecticut State Colleges & Universities (CSCU) partnered with Current powered by GE, SunLight Solar Energy and CT Green Bank to install solar energy systems at three campuses in order to reduce energy consumption and decrease operating expenses. Construction began in 2017 at Manchester and Middlesex Community Colleges as well as Southern CT State University with the goal of extending to other campuses including Central, Housatonic, Asnuntuck, Quinebaug, Tunxis and Western by 2019. The solar energy initiative is funded entirely with private capital sourced by Connecticut Green Bank and once fully implemented is estimated to save CSCU more than US$10 million within the first 20 years.

Last Updated: 09/01/2018
Green Investment Group | September 2017 | West Yorkshire, UK
Utility  | Waste-to-Energy | Debt Investment | Co-investment | View on Member website

GIG announced the arranging of a GB£38 million financing for Wheelabrator Technologies, to be used for the construction of Ferrybridge Multifuel 2 (FM2) – a large-scale merchant energy-from-waste facility near Knottingley in West Yorkshire, United Kingdom. FM2 will be located adjacent to Ferrybridge Multifuel 1 (FM1), which commenced commercial operations in July 2015, and next to the recently decommissioned Ferrybridge C coal-fired power station. Combined, the FM1 and FM2 plants will form the largest energy-from-waste site in the UK. The £38 million commitment is the first investment to be completed following the acquisition of the Green Investment Bank by a Macquarie-led consortium.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | August 2017 | Australia
Utility  | Waste-to-Energy | Debt Investment | Demonstration | View on Member website

Australian waste management company Cleanaway Waste Management Ltd is accelerating its best practice sustainable waste management activities with an array of projects aimed at reducing the amount of waste going to landfill. Cleanaway is financing the program of works with a AU$90 million corporate loan from the CEFC. Through the loan, the CEFC is looking to demonstrate how clean energy technologies can be used to tackle the problem of waste emissions and play a vital role in Australia’s clean energy transition.

The first confirmed project is the development of a best-in-class resource recovery centre at Erskine Park in NSW. When operational, the centre will be capable of processing 150,000 tonnes of waste a year, diverting approximately 40 per cent of waste volume from landfill. Other projects eligible to use the CEFC finance include facilities for organics processing and resource recovery, as well as landfill gas projects.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | August 2017 | Queensland, Australia
Utility  | Solar | Debt Investment | Demonstration | View on Member website

Two new solar farms will add a total of 200MW of solar generation capacity at Collinsville in north Queensland, with the CEFC committing AU$90 million in debt finance as part of a syndicated debt facility involving Commonwealth Bank and French investment bank Natixis. BlackRock is providing equity towards the projects. Daydream Solar Farm, which is expected to be operational by mid-2018, has secured a 12-year power purchase agreement with Origin, while energy generated by Hayman Solar Farm will be sold into the grid on a merchant basis. The projects consist of about 2 million solar panels.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | August 2017 | Australia
C&I, Residential, Transport  | Energy Efficiency, Low Emissions Transport, Solar | Debt Investment | Fund investment, Interest rate buy-down | View on Member website

A AU$100 million asset finance program through Macquarie Leasing is aimed at accelerating the use of electric vehicles and other clean energy solutions. The program offers a 0.7 per cent discount on finance for electric vehicles, as well as plug-in hybrid electric vehicles, and a range of eligible energy efficient and renewable energy equipment. Customers who choose eligible lower emissions passenger vehicles can also benefit from the program, with a 0.5 per cent finance discount.

Macquarie Leasing will make the discounted finance available to customers through its existing relationships with car manufacturers. Finance will be provided to customers to enter into arrangements to purchase, hire and/or lease qualifying assets that satisfy the criteria for qualifying contracts. The program extends to new energy efficient vehicles and equipment, as well as rooftop solar and battery storage. Investment in equipment to upgrade the energy efficiency of buildings, such as energy efficient lighting, building management systems and better air conditioning, will also benefit from the finance discount.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | August 2017 | Victoria, Australia
Residential, Transport  | Energy Storage | Equity Investment | Demonstration | View on Member website

Relectrify is developing and commercialising control technology that unlocks extra performance in battery systems by boosting their second-life storage capability and lifespan once they are no longer effective as electric vehicle or plug-in hybrid car batteries. CEFC through the Clean Energy Innovation Fund committed AU$750,000 equity to Relectrify to help “prove” the business with further development of the technology and initial trials. The investment is part of a AU$1.5m pre-Series A equity raising by Relectrify.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | August 2017 | New South Wales, Australia
C&I, Residential  | Smart Grid Technology | Equity Investment | Demonstration | View on Member website

Australian company Thinxtra is deploying the world-leading Sigfox Low Powered Wide Area Network (LPWAN) technology to provide a low-cost operating framework for Internet of Things Technologies focused on cutting energy use. CEFC committed up to AU$10 million to assist the expansion of Thinxtra, through the Clean Energy Innovation Fund, as part of a AU$20 million Series B capital raising.

Thinxtra’s support technology is set to play a key role in transitioning the Australian economy to net zero carbon emissions by the second half of the century. While a whole range of devices already on the market can be connected to existing internet services, Thinxtra’s LPWAN technology requires far less power and provides much longer battery life for devices that only require the transmission of small amounts of data and intermittent internet connectivity.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | August 2017 | New South Wales, Australia
C&I, Residential, Utility  | Smart Grid Technology | Equity Investment | Demonstration | View on Member website

Wattwatchers clamp-on internet device, advanced control analytics and cloud-hosted management interface provide data that shows where and when energy is being consumed in real time. CEFC invested AU$2 million, through the Clean Energy Innovation Fund, as part of Wattwatchers AU$4 million 2016-17 Series A capital raising.

The CEFC finance will help the Sydney-based company lift its production volumes and drive down production costs. Wattwatchers technology can be used across residential, commercial, industrial and utility services because it works with a wide range of software applications. It potentially works alongside other smart technology applications, battery storage and microgrids to reduce energy consumption, encourage better energy saving habits and increase the ability to tap into locally generated rooftop solar.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2017 | Western region, Australia
Transport  | Energy Storage, Low Emissions Transport | Debt Investment | Cornerstone stake, Demonstration | View on Member website

Pilgangoora Operations Pty Ltd, a wholly owned subsidiary of Pilbara Minerals Ltd, is developing the Pilgangoora lithium-tantalum project in Western Australia, to develop resources used in lithium battery storage. In its first investment in a WA mining project of this type, CEFC supported the project through a US$15 million cornerstone commitment (around AU$20 million) to a US$100 million senior secured bond issuance by Pilgangoora Operations Pty Ltd.

Demand for lithium is expected to grow, driven by the predicted uptake of electric vehicles that use lithium ion batteries, and by the growth in energy storage solutions requiring lithium concentrate supplies. Concentrate will be exported from Port Hedland, predominantly to China under existing off-take agreements for processing lithium carbonate and lithium hydroxide for a wide range of lithium products.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2017 | South Australia, Australia
Residential  | Energy Efficiency, Solar | Debt Investment | Demonstration | View on Member website

CEFC committed debt finance of AU$32 million to lift the benchmark for student accommodation, in line with the CEFC’s efforts to encourage net zero carbon buildings in the property sector. A 428-bed student accommodation project will help set a new benchmark in energy efficient design. Initiatives incorporated into the project include energy efficient heating, ventilation and air conditioning, energy efficient equipment, LED lighting, centralised gas water heating, water efficient taps and a 25kW rooftop solar photovoltaic system.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2017 | New South Wales, Australia
Transport  | Low Emissions Transport | Debt Investment | Demonstration | View on Member website

CEFC’s finance for Moorebank Logistics Park is the first investment in clean energy transport infrastructure for the CEFC. It committed up to AU$150 million through a seven-year bilateral term debt facility to assist in providing medium-term finance for the staged construction of the terminal. Leading freight and logistics company Qube Holdings Limited is developing the nationally-significant Moorebank Logistics Park to take emissions-intensive trucks off Australian roads by increasing the use of rail networks to distribute containerised freight to and from Port Botany. The switch to rail transport, when operating at scale, will cut an estimated 3,000 truck journeys a day from Sydney’s road network, particularly the M5. It will also reduce the number of regular Sydney-Brisbane and Sydney-Melbourne truck freight trips.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | June 2017 | Victoria, Australia
Transport  | Low Emissions Transport | Debt Investment | Demonstration | View on Member website

SEA Electric is converting medium-duty trucks and commercial vans into electric vehicles. The technology allows adaptation to most van and light/medium duty truck platforms. It is suited to vehicles, which travel relatively fixed and known route distances, that return to base for overnight charging. The electric vehicles will perform express freight, general delivery and waste collection duties around Australia.

CEFC committed AU$5 million in debt finance to help the business take its next growth step, enabling it to purchase components for its next business orders. As the cost of lithium ion reduces, SEA Electric expects heavy duty trucks and buses to become economically viable as well.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | May 2017 | Queensland, Australia
Utility  | Solar | Debt Investment | Demonstration | View on Member website

A disused coal-fired power station at Collinsville in Queensland is being redeveloped as a 42MW (AC) solar plant. CEFC committed up to AU$60 million in senior debt finance to the AU$100 million Collinsville Solar Plant which has also been awarded AU$9.5 million funding from the Australian Renewable Energy Agency (ARENA).

Last Updated: 05/01/2018
Clean Energy Finance Corporation | May 2017 | Australia
C&I  | Smart Grid Technology | Debt Investment | Demonstration | View on Member website

Australia’s first peer-to-peer green lending platform, RateSetter’s Green Loan marketplace, has been brought to life with a AU$20 million investment commitment from CEFC. The innovative online platform brings together investors, borrowers and clean energy product providers who have a shared interest in low emissions, energy efficiency and renewable energy projects.

It will allow investors to lend directly to creditworthy borrowers looking to buy or install an approved “green” product. Through the online platform, investors can nominate the amount they wish to invest, the interest rate they are prepared to accept, and their request can then be matched to approved borrowers. Borrowers can access finance to invest in eligible clean energy assets.

Last Updated: 05/01/2018
Green Finance Organisation (Japan) | May 2017 | Aomori, Japan
Utility  | Offshore Wind | Equity Investment | Co-investment | View on Member website

GFO committed to invest US$5 million in an offshore wind project in Aomori prefecture.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | April 2017 | Australia
C&I  | Energy Efficiency, Low Emissions Transport, Solar | Debt Investment | Co-investment, Fund investment, Interest rate buy-down | View on Member website

The Clean Energy Finance Corporation is committing an additional AU$180 million in finance to the NAB Energy Efficient Bonus program, following its overwhelming success in helping Australian businesses transform their energy use. The new finance means the CEFC has committed AU$300 million to the NAB Energy Efficient Bonus program, which was launched in 2015 with an initial AU$120 million commitment from the CEFC.

The Energy Efficient Bonus program provides customers with a 0.7 per cent discount on NAB’s standard equipment finance rate for loans for eligible clean energy investments, such as vehicles, energy efficient irrigation systems, solar PV, building upgrades, lighting upgrades, processing line improvements and refrigeration. Customers looking to purchase and install new equipment can go to their regular relationship manager and discuss the potential to finance more energy efficient alternatives or renewable technologies. Discounted loans are available for up to 10 years for amounts between AU$10,000 and AU$5 million.

Last Updated: 05/01/2018
Clean Energy Finance Corporation | April 2017 | Australia
C&I  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

CEFC committed AU$19 million to Investa Commercial Property Fund’s (ICPF) first Green Bond – a AU$100 million issuance certified by the Climate Bonds Initiative. ICPF said the issuance closed oversubscribed and the strong level of interest received in the issuance clearly demonstrates the underlying quality of the ICPF portfolio and confidence in Investa’s ongoing ability to deliver strong performance.

Proceeds from the bonds will be used to retire existing debt facilities and will be fully allocated against a portfolio of low carbon buildings in the ICPF’s portfolio. The 10-year bonds with a semi-annual fixed coupon of 4.25 per cent per annum are rated ‘A-‘ by Standard & Poor’s (S&P).

Last Updated: 05/01/2018
Clean Energy Finance Corporation | April 2017 | New South Wales, Australia
C&I  | Waste-to-Energy | Debt Investment | Co-investment | View on Member website

Leading resource recovery company ResourceCo Group is rolling out facilities at Wetherill Park in Sydney that will transform selected non-recyclable waste streams into Processed Engineered Fuel (PEF). CEFC lent AU$30 million to Resource Co to build two new plants. The first, a plant at Wetherill Park in Sydney, will be capable of processing 150,000 tonnes of waste materials per annum. The Sydney plant benefits from New South Wales EPA grant funding of AU$5 million and is eligible for Australian Carbon Credit Units (ACCUs). A second plant is to be built in another Australian state yet to be announced.

Once at the plant, traditionally landfill-bound waste materials are sorted. Through a process of shredding, screening and separating, inert content with no energy value is extracted while the balance of the content is converted into a dry solid fuel product. The fuel will initially be used locally, but will also be exported, as an alternative to coal and gas, for use in cement kilns in Asia.

Last Updated: 05/01/2018