General Information and Structure
The Clean Energy Fund will offer loans of up to $3 million with terms out to 15 years. The Fund's primary focus will be on making capital available to finance energy retrofit projects backed by Energy Savings Agreements and clean energy generation projects backed by Power Purchase Agreements, as well as supporting portfolios of smaller clean energy projects. This kind of financing has been available for many years to large-scale Energy Service Companies that primarily serve governmental entities, large universities and health systems, and large corporations, and to utilities, but is more difficult for small and middle-market entities to access. The Clean Energy Fund is designed to bridge that gap and help bring proven energy technologies to smaller businesses and non-profits.