Sustainable Finance Landscape in USA
What is a green bank?
Impact financiers can address several specific market financing barriers identified by the Coalition for Green Capital. When small projects are too dispersed to attract lenders, Green Banks can aggregate and warehouse them — bundling and diversifying risk so they can later be sold to private investors. This replaces public capital with private capital at scale.
For unfamiliar or first-in-kind transactions, Green Banks can provide technical assistance at no cost. By helping standardize documents and processes, they reduce transaction costs and make new clean energy markets more efficient — similar to the way standardized contracts already exist in large capital markets like cars and homes.
Lenders & Investors
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Alaska — Alaska Sustainable Energy Corporation (ASEC) TBD URL — Non-profit
Alaska — Spruce Root — Non-profit
Arizona — Groundswell Capital — Non-profit
California — California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) — Public
California — California Infrastructure Bank — Quasi-Public
California — California Pollution Control Financing Authority (CPCFA) — Public
Colorado — Colorado Clean Energy Fund — Non-profit
Connecticut — Connecticut Green Bank — Quasi-Public
District of Columbia — City First Enterprises — Non-profit
District of Columbia — DC Green Bank — Non-profit
Delaware — Energize Delaware — Non-profit
Florida — Solar and Energy Loan Fund of Florida — Non-profit
Georgia — Atlanta Development Authority d/b/a Invest Atlanta — Non-profit
Hawaii — Hawaii Green Infrastructure Authority — Quasi-Public
Illinois — Illinois Finance Authority / Climate Bank — Quasi-Public
Indiana — Indiana Energy Independence Fund — Non-profit
Iowa — Iowa Energy Fund — Non-profit
Louisiana — Finance New Orleans — Quasi-Public
Louisiana — Louisiana Clean Energy Fund — Non-profit
Maine — Efficiency Maine Trust — Quasi-Public
Maryland — Climate Access Fund — Non-profit
Maryland — Maryland Clean Energy Center — Quasi-Public
Maryland — Montgomery County Green Bank — Non-profit
Massachusetts — Massachusetts Clean Energy Center — Public
Massachusetts — Massachusetts Housing Finance Agency / Massachusetts Community Climate Bank — Public
Michigan — Michigan Saves — Non-profit
Minnesota — Minnesota Climate Innovation Finance Authority — Quasi-Public
Missouri — Environmental Improvement and Energy Resources Authority (EIERA) — Quasi-Public
Nevada — Nevada Clean Energy Fund — Non-profit
New Jersey — New Jersey Economic Development Authority / New Jersey Green Bank — Public
New Mexico — New Mexico Climate Investment Center — Non-profit
New York — New York City Energy Efficiency Corporation (NYCEEC) — Non-profit
New York — NY Green Bank — Public
North Carolina & South Carolina — Clean Energy Fund of the Carolinas — Non-profit
Ohio — Columbus Region Green Fund — Non-profit
Ohio — GO Green Energy Fund (Growth Opps) — Non-profit
Ohio — Ohio Air Quality Development Authority — Quasi-Public
Pennsylvania — Philadelphia Green Capital Corp — Quasi-Public
Puerto Rico — Puerto Rico Green Energy Trust — Non-profit
Rhode Island — Rhode Island Infrastructure Bank — Quasi-Public
South Carolina — South Carolina Clean Energy and Resilience Accelerator — Non-profit (shares site with NC Clean Energy Fund – same org structure)
Texas — Clean Energy Fund of Texas — Non-profit
Utah — SustainEnergyFinance — Non-profit
Vermont — Vermont Economic Development Authority — Quasi-Public
Washington — Washington State Green Bank — Non-profit
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National — Elemental Impact / Elemental Excelerator — Non-profit
National — Inclusive Prosperity Capital — Non-profit