Activity funded: Most of the Asian Development Bank's lending comes from its ordinary capital resources, offered at near-market terms to lower- to middle-income countries. ADB also provides loans and grants from Special Funds, of which the Asian Development Fund is the largest. Funded by Asian Development Bank's member countries, the Asian Development Fund offers loans at very low interest rates as well as grants to help reduce poverty in ADB's poorest member countries. Asian Development Fund assistance supports infrastructure investments in clean, energy, sustainable transport and urban development, and reliable water supply and sanitation.
Contact information: Headquarters: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines ⎮ +632 632 4444
Asia Infrastructure Investment Bank (AIIB) -
Activity funded: The AIIB will focus on the development of infrastructure and other productive sectors in Asia, including energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, urban development and logistics.
Contact information: B9 Financial Street, Niching District, Beijing 100033, P.R. China ⎮ firstname.lastname@example.org ⎮ +86 10 8358 0000
Activity funded: JICA provides a combination of loans and grants to a variety of infrastructure and development projects, including renewable energy, around the world.
Contact information: Nibancho Center Building 5-25, Niban-cho, Chiyoda-ku, Tokyo 102-8012 ⎮ Tel: +81-3-5226-6660/6661/6662/6663
Activity funded: The REEEP Sida PFAN Initiative on Clean Energy Financing (SPICEF) provides crucial early stage pro bono project development and support in raising financing to clean energy entrepreneurs, start-up and growth stage companies, project teams and consortia with viable and environmentally beneficial business proposals, by linking them with investment and finance and nurturing their development and implementation.
• Grid Connected IPPs (any clean energy technology);
• Rural Electrification and Energy Access Projects (any clean energy technology) especially Mini-Grid distributed renewable energy utilities;
• Off-grid distributed energy service companies and others;
• Others (eg Energy Efficiency & Energy Conservation)
Funding available: Business opportunities that require total (initial) private capital in excess of US $1 million (or currency equivalent) will be considered. In the case of energy access and rural electrification projects the investment sought may be less providing the proposal demonstrates strong development impacts and social entrepreneurship.
Eligibility: SPICEF is open to projects from the following countries: Uganda, Kenya, Tanzania, Rwanda, Ethiopia, Zambia, Mozambique, Democratic Republic of Congo and Zimbabwe.
Contact information: Renewable Energy & Energy Efficiency Partnership, Wagramer Strasse 5 (Vienna International Centre, Room D-2169), A-1400 Vienna, Austria ⎮ Phone: +43-1-26026-3425
Activity funded: Abu Dhabi Fund for Development seeks to enable developing countries to achieve their development goals through funding projects in key economic sectors. It supports projects that aim to improve living standards and empower people to be part of their countries’ growth. ADFD’s project funding covers a wide range of sectors including health and education, irrigation and agriculture, water and electricity, roads and transportation.
International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have collaborated to offer concessional loans worth USD 350 million over seven annual funding cycles to promising renewable energy projects in developing countries. Projects should deploy renewable energy as defined in the Statute of IRENA: bioenergy, geothermal energy, hydropower, ocean energy, solar energy, and/or wind energy. Projects should be submitted by Members of IRENA, Signatories of the IRENA Statute or States in Accession which are included as developing countries in the “DAC List of ODA Recipients” from the Organisation for Economic Co-operation and Development (OECD). See - http://adfd.irena.org/facility.aspx.
Contact information: +97126677100 ⎮ email@example.com
Department of Agriculture (USDA)
Activity funded: Development, construction, and retrofitting of new and emerging technologies for the development of advanced biofuels, renewable chemicals, and biobased product manufacturing
Funding available: loans guarantees up to $250 million.
Eligibility: lenders with legal authority, sufficient experience and expertise, and can demonstrate they meet the FDIC definition of “well capitalized” at the time of application and issuance of the loan note guarantee, including: federal or state chartered bank, federally recognized tribes, cooperatives, farm credit bank or farm credit system, credit unions, national rural utilities cooperative finance corporation. Lenders can request guarantees for individuals, public and private entities, state and local governments, corporations, Indian tribes, farm cooperatives, agricultural producers, national laboratories, higher education institutions, public power entities.
Contact information: USDA Rural Development, Energy Division, Attention: Technology Branch, 1400 Independence Avenue, SW, Stop 3225, Washington, DC 20250.
Activity funded: business conversion, enlargement, repair, modernization, or development, purchase and development of land, easements, rights-of-way, buildings, or facilities, purchase of equipment, leasehold improvements, machinery, supplies, or inventory, debt refinancing when new jobs created, business and industrial acquisitions when the loan will keep a business from closing and/or save/create jobs.
Funding available: loan guarantees, percentage depends on activity and amount funded up to $25 million.
Eligibility: lenders with legal authority, sufficient experience, and financial strength to operate a successful lending program. Borrowers may be for-profit businesses, non-profits and cooperatives, federally recognized Tribes, public bodies, and individuals.
Contact information: local office - http://www.rd.usda.gov/contact-us/state-offices
Activity funded: “Loan guarantees to eligible private lenders to help build essential community facilities in rural areas. An essential community facility is defined as a facility that provides an essential service to the local community for the orderly development of the community in a primarily rural area, and does not include private, commercial or business undertakings.”
Funding available: maximum guarantee = 90% of eligible loss, one time guarantee fee of 1% of principal loan amount times the % of the guarantee. Repayment term - useful life of facility, state statute, or 40 years, whichever is less and negotiated by the lender and borrow and approved by USDA.
Eligibility: Private lenders for loans made to an eligible borrower (public body, community-based non-profit, or Tribe) who is unable to obtain commercial credit on reasonable terms without the guarantee.
Contact information: State Office contact list - http://www.rd.usda.gov/contact-us/state-offices
Distributed Generation Energy Project Financing (EP) (USDA)
Activity funded: loans and loan guarantees for distributed energy projects including renewables that provide wholesale or retail electricity to existing Electric Program borrowers or to rural communities serviced by other utilities.
Eligibility: energy project developers for distributed energy projects and Electric Program borrowers or other utilities that serve rural areas.
Contact information: Annie Holloway-Jones, Deputy Assistant Administrator, Office of Loan Origination & Approval, firstname.lastname@example.org
Electric Infrastructure Loan & Loan Guarantee Program (EP, R/U) (USDA)
Activity funded: construction of electric distribution facilities in rural areas; may include generation, transmission, and distribution facilities, including system improvements and replacement required to furnish and improve electric service in rural areas, as well as demand side management, energy conservation programs, and on-grid and off-grid renewable energy systems.
Funding available: insured loans and loan guarantees up to 100%
Eligibility: state and local governmental entities, federally-recognized Tribes, nonprofit and cooperative associations, for profit businesses, public bodies, and other utilities.
Contact information: Office of Loan Origination and Approval - 202-720-0848
Other: maintenance, upgrades, expansion, replacement of distribution, sub-transmission and headquarters (service, warehouse) facilities, energy efficiency, renewable energy systems
Energy Efficiency and Conservation Loan Program (EE, EP) (USDA)
Activity funded: Energy efficiency and conservation projects for commercial, industrial, and residential consumers, such as energy efficiency measures on consumers premises, distributed generation for on or off-gird renewable energy systems, demand side management investments, energy audits, consumer education and outreach, power factor correction equipment on the consumer side of the meter, energy efficient lighting, community awareness and outreach.
Funding available: loans to eligible utilities to re-lend to consumers
Eligibility: businesses that have direct or indirect responsibility for providing retail electric service to persons in a rural area.
Contact information: Rural Utilities Service - 202-720-9545
Other: utilities borrow money and re-lend it to develop new and diverse energy service products such as an on-bill financing program where customers implement energy efficiency measures behind their meters and repay the loan through their electric bill.
Rural Economic Development Loan & Grant Program (T, BD) (USDA)
Activity funded: Loan program (see GRANTS page for grants under this program) - the REDLoan program provides zero interest loans to local utility organizations for revolving loan funds (RLF) which are passed to local businesses for projects that will create and retain employment in rural areas. The ultimate recipients repay the lending utility directly; the utility repays the Agency.
Funding available: up to $1 million in loans. Loan interest rates are 0%, the maximum term is 10 years for up to 80% of the project cost with 20% from the recipient or an intermediary.
Eligibility: any former Rural Utilities Service (RUS) borrower who borrowed, repaid, or pre-paid an insured, direct, or guaranteed loan, nonprofit utilities that are eligible to receive assistance from the Rural Development Electric or Telecommunication Programs; or current Rural Develop,ent Electric or Telecommunication Programs borrowers.
Contact information: local state office - http://www.rd.usda.gov/contact-us/state-offices
Other: funds may be used for business incubators, community development assistance to nonprofits and public bodies (Particularly job creation or enhancement), facilities and equipment for education and training to facilitate economic development, facilities and euipqment for medical care, start-up venture costs, including financing fixed assets such as real estate, buildings (new or existing), equipment, or working capital, business expansion, technical assistance.
Rural Energy America Program (EE & EP) (REAP) (USDA)
Activity funded: Grant Type 1 - purchase, installation, and construction of energy systems and energy efficiency improvements.
Funding available: Grant Type 1 - up to 25 percent of total project costs - maximum grant amount for renewable energy systems is $500,000; energy efficiency improvements - $250,000;
Loan guarantees (Grant Type 1 only) - up to 75 percent of total project costs - maximum loan amount is $25 million per applicant; up to 85% loan guarantee;
Combined grant and loan guarantee - funding up to 75% of total eligible project costs.
Eligibility: Grant Type 1 - Agricultural producers in rural or non-rural areas with at least 50% of gross income coming from agricultural operations, and small businesses in eligible rural areas. Energy types: include wind, solar, ocean, small hydropower, hydrogen, geothermal and renewable biomass (including anaerobic digesters).
Contact Information: USDA Rural Development, state coordinator contact information - http://www.rd.usda.gov/files/RBS_StateEnergyCoordinators.pdf
USDA Smart Grid Initiative
Activity funded: smart grid initiatives, communications facilities for energy management, fiber to the meter for increased energy efficiency initiatives. Applicants are encouraged to consider how facilities can be leveraged to provide additional broadband services - cooperative provided services, subsidiary provided services, and partnerships with incumbent service providers such as cable companies, telecommunications companies, cooperatives, etc. Smart grid increases the reliability of electric power by helping utilities better manage the electric grid to improve operational efficiencies. It includes metering, substation automation, computer applications, two-way communications, geospatial information systems, and other system improvements.
Funding available: $5.5 billion annual loan budget for financing electrical infrastructure in rural areas, including smart grid initiatives.
Contact information: Office of the Assistant Administrator - 202.720.9546
Single Family Housing Guaranteed Loan Program (EE, EP) (USDA)
Activity funded: assists approved lenders in providing low- and moderate-income households build, rehabilitate, improve or relocate a dwelling in an eligible rural area, including purchasing and installing measure to promote energy efficiency such as insulation, double-paned glass, and solar panels.
Funding available: funds backed by loan guarantees from approved lenders
Eligibility: applicants must meet income-eligibility, agree to personally occupy the dwelling as a primary residence, be a U.S. citizen, non-citizen national, or Qualified Alien with the legal capacity to incur a loan obligation with eligible property.
Contact information: Contact a local mortgage lender. USDA does not endorse any specific private sector lenders. The USDA list of Approved Lenders (http://www.rd.usda.gov/files/SFHGLDApprovedLenders.pdf) is not all inclusive of all participating lenders.
STATE OF NEW YORK
Activity funded: NY Green Bank is a state-sponsored, specialized financial entity working with the private sector to increase investments into New York’s clean energy markets, creating a more efficient, reliable and sustainable energy system. NY Green Bank increases the availability of capital for projects deploying proven clean energy technologies across New York State through: (1) leveraging private sector capital to support and expand clean energy financing markets; (2) animating and growing capital markets reducing the need for government support; and (3) motivating faster and more extensive deployment of clean energy assets, contributing to economic development, greater energy choices, reduced environmental impacts and more green energy advantages for every public dollar spent.
Contact information: 1359 Broadway, 19th Floor, New York, NY 10018-7842 ⎮Email: email@example.com ⎮Phone: 212-379-6260
STATE OF OHIO
Activity funded: The Energy Loan Fund is a program that provides low-cost financing to small businesses, manufacturers, nonprofits, and public entities for energy improvements that reduce energy usage and associated costs, reduce fossil fuel emissions, and/or create or retain jobs. Eligible activities include energy retrofits, energy distribution technologies and renewable energy technologies. Projects must achieve 15 percent reduction in energy usage, demonstrate economic and environmental impacts and be included within a long-term energy strategy.
Contact information: firstname.lastname@example.org ⎮ (800) 848-1300
International Finance Corporation (World Bank)
Activity funded: IFC raises virtually all funds for lending activities through the issuance of debt obligations in international capital markets. IFC finances projects and companies through loans from IFC's account, typically for seven to 12 years. They make loans to intermediary banks, leasing companies, and other financial institutions for on-lending. IFC also provides early-stage and late-stage venture capital financing through direct investments and funds.
Contact information: 2121 Pennsylvania Avenue, NW, Washington, DC 20433 USA ⎮Tel: (202) 473-1000
Activity funded: Scaling Solar Program - Scaling Solar brings together a suite of World Bank Group services under a single engagement aimed at creating viable markets for solar power in each client country. The “one stop shop” program aims to make privately funded grid-connected solar projects operational within two years and at competitive tariffs. When implemented across multiple countries, the program will create a new regional market for solar investment. The package includes:
• Advice to assess the right size and location for solar PV power plants in a country's grid.
• Simple and rapid tendering to ensure strong participation and competition from committed industry players.
• Fully developed templates of bankable project documents that can eliminate negotiation and speed up financing.
• Competitive financing and insurance attached to the tender, delivering competitive bidding and ensuring rapid financial close.
• Risk management and credit enhancement products to lower financing costs and deliver power at lower tariffs.
Contact information: email@example.com
Acumen Fund (EP) (BD) (BG) (BM)
Activity funded: charitable donations that make long-term debt or equity investments in early-stage companies providing reliable and affordable access to agricultural inputs and markets, quality education, clean energy, healthcare services, formal housing, and safe drinking water to low-income customers. Clean energy examples - manufacture, sale, and distribution of affordable energy products and services, biodigesters, biomass energy generation
Funding available: investment capital in the range of $0.25M-$3M, structured as either debt or equity.
Eligibility: see- http://acumen.org/investments/investment-model-2/. Must be located in or have significant operation or impact in East Africa, West Africa, India, Pakistan or Latin America.
Contact information: Acumen Fund, 40 Worth St, Set 303, New York, NY, 10013 ⎮ (212) 566-8821. Offices in Mumbai, India; Nairobi, Kenya; Karachi, Pakistan; Accra, Ghana; London, England; Bogota, Colombia.
BASE is an international NGO and a Specialized Partner of the United Nations Environment Programme dedicated to accelerate and driving investment in sustainable energy solutions.
Activity funded: no guidelines available, see http://energy-base.org/projects/
Funding available: organization assists projects to find financing
Eligibility: projects worldwide
Contact information: BASE, Elisabethenstrasse 22, 4051 Basel, Switzerland ⎮Tel: +41 61 274 04 80 ⎮firstname.lastname@example.org
Living Cities (EE) (V)
Activity funded: community development, transit development, energy efficiency retrofits.
Funding available: flexible debt from socially motivated investors.
Contact information: Living Cities, Catalyst Fund, 1040 Avenue of the Americas, Floor 17, New York, NY 10018; 1730 M Street NW, Suite 400, Washington, DC 20036.
Activity funded: Bank of America has provided more than $53 billion in financing for low-carbon activities, including energy efficiency, solar, hydro, fuel cells, wind, geothermal, biomass, and sustainable transportation. In 2016, BOA announced the expansion of the Catalytic Finance Initiative (CFI). First launched in 2014 with a $1 billion commitment from Bank of America, the CFI is designed to mobilize at least $10 billion in commitments toward high-impact sustainable investments. The 2016 expansion of eight new partners includes the addition of AllianceBernstein (AB); Babson Capital Management LLC, a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual); Crédit Agricole CIB; the European Investment Bank (EIB); HSBC Group; International Finance Corporation (IFC), a member of the World Bank Group; and Mirova, a subsidiary of Natixis Group, all of which have pledged capital and expertise to develop and advance innovative financing structures for investments in clean energy and other sustainability focused projects. CFI partners bring expertise in a broad range of financial specialty areas. This includes clean energy infrastructure finance, green bonds, project finance, green asset-backed securities, emerging markets investment and advisory assistance, and approaches to blending public and private finance.
Activity funded: Elevations Credit Union is committing $35 million in financing for energy efficiency and renewable energy upgrades for homes and businesses in Boulder County and the City/County of Denver. Energy loans are made possible through Elevations Credit Union, in conjunction with the grant-funded EnergySmart and Denver Energy Challenge services. Boulder and Denver Counties have set aside nearly $8 million of the grant funds to create a finance program to improve the energy efficiency of existing buildings and stimulate local economic growth,
Contact information: 303.443.4672 ⎮ 1.800.429.7626 ⎮ email@example.com
Several organizations use crowd-funding to finance loans for residential and other renewable energy projects. These organizations are not traditional lending institutions and may not be regulated by laws governing other lending organizations.
Description: Collective Sun's mission is to help nonprofits implement sustainable solar power projects. Their website states that they offer a unique, safe and reliable investment opportunity with attractive interest rates that investors can feel good about while supporting nonprofits.
Contact information: (888) 980-2786 ⎮ firstname.lastname@example.org
Description: Mosaic offers a PowerSwitch loan wherein they provide upfront capital for the full cost of the solar panels and installation and connect the borrower to their network of certified local solar contractors. According to their website, over 2,500 investors have used the Mosaic platform to provide more than $5 million to finance solar projects in California, Colorado, Florida, New Jersey, and Arizona - https://joinmosaic.com/impact-investing.
Contact information: email@example.com ⎮ (510) 746-8602
Description: Solar Bonds are corporate notes issued by SolarCity that offer interest rates from 1.1% to 5.25%. Earnings come from SolarCity and the monthly solar payments they receive from their 230,000+ solar customers — homeowners, schools, businesses, and government facilities.
Contact information: firstname.lastname@example.org ⎮tel:877-554-7652
Description: SunFunder offers accredited investors an opportunity to invest in a diversified portfolio of offgrid solar projects and earn a financial return. SunFunder raises capital from institutional & accredited investors and provides inventory, working capital and structured asset finance loans to solar companies in emerging markets. Their customers include both residential and commercial solar Distributors, Wholesale Importers, Manufacturers and Pre-paid residential solar businesses.
Contact information: email@example.com ⎮Offices in San Francisco, California and Arusha, Tanzania
Description: Wunder partners with solar installers to create investment opportunities in solar construction projects.
Contact information: 1702 Walnut Street, Boulder, CO 80302 ⎮(888) 660-7823