This is the October installment of the CGC’s monthly news roundup, where we compile important news and commentary on public and private investment in clean energy projects. We’ve searched the internet to find the news stories that will keep you up to speed and informed on blended finance approaches to clean energy.
Connecticut Green Bank receives DOE Grant for Improving Solar Access for Low- and Moderate-Income Communities
“The federal government is supporting a clean energy public-private partnership which makes renewable energy more readily available to those who need it most. PosiGen is proud to announce that its solar partner, Connecticut Green Bank, will receive funding through the U.S. Department of Energy SunShot program to expand its efforts to make solar power more accessible.”
AIIB Opens First Consultation for Landmark Energy Strategy
“The Asian Infrastructure Investment Bank last week launched the initial stage of public consultations for its first energy strategy — a crucial piece of policy that will play a significant role in the Beijing-based institution’s pursuit of becoming a “green bank. President Jin Liqun has repeatedly said that AIIB will be a “lean, clean and green” institution focusing simultaneously on growth, development and the environment. This includes a focus on what kind of projects, particularly on energy, the bank should and will finance.”
Green Bank Network Announces $22 Billion Milestone at OECD’s Green Investment Financing Forum
“Green Bank Network members are mobilizing as much as 8 dollars in total investment for every 1 dollar of public capital invested in clean energy projects.”
Green Climate Fund Allocates $378 Million to EBRD Green Projects
“The Green Climate Fund is allocating $378 million to support green investments by the European Bank for Reconstruction and Development (EBRD) under the Bank’s Green Economy Transition (GET) approach aimed at reducing emissions and combatting climate change. This is the Fund’s largest approval to date.”
Green Bankers Gather in Tokyo
“This week, Green Bank [Network] representatives and clean energy finance leaders will gather in Tokyo to share experiences and identify ways that public and private investment can rapidly scale to meet climate change goals.”