… Bryan Garcia, the President and CEO of the Connecticut Green Bank, had a big decision to make. Garcia is a member of the Governor’s Council on Climate Change (GC3), a group charged with creating a comprehensive climate strategy for the State of Connecticut. As of September 2016, Garcia remained undecided about a key …
… the prestigious Ash award in policy innovation, the "Nobel of policy," upon the Connecticut Green Bank for its role in "sparking the green bank movement." The Green Bank used financial structuring to attract private capital to clean energy projects in Connecticut. Using transaction enablers and risk …
… Harish Hande and the company he founded, SELCO, provide solar electricity for lighting and power to India's poor. For the work of his company, Hande has received numerous recognitions; he is frequently … During its initial years of operation, the company expanded deliberately as it gained capital and experience. Then in an ill-fated attempt to scale-up during the early 2000s, …
… NY Green Bank (NYGB), New York State’s $1-billion clean-energy fund, and a young new efficiency … named Sealed signed a $5-million loan-financing agreement as a way to broaden the market for home energy-efficiency upgrades. In New York State, those upgrades face two key barriers … have not been systematized enough for large investors to be comfortable providing pools of capital that would cover whole portfolios of households. NYGB and Sealed entered the loan …
… oil company PEMEX had to find ways to implement this policy. Nevertheless, in spite of efforts by various government agencies as well as PEMEX, by mid-2014 no ethanol had been … makers looked at the country's energy supply, they expected that substituting bioethanol for some portion of gasoline fuel would meet a number of the country’s needs. First, it … Third, biofuels could provide a new market for Mexico's struggling agricultural sector. Finally, PEMEX would soon face competition due to new energy reforms that promised to …
… Like many countries, Australia has a large existing building stock that is responsible for a substantial percentage of its greenhouse-gas emissions. Given that it will take decades for these buildings to be … institutions are reluctant to lend when any claim that they might make in the event of a default is junior to the property mortgage holder. This is why the Environmental Upgrade …
… financial backing, buy and erect the turbines, and begin generating electricity by 2010. For Walmart de México, becoming the wind farm’s off-taker accomplished a number of important … electricity at below the rates charged by Mexico’s state-controlled utility, shaving costs for the famously thrifty retailer. In addition, the project allowed Walmart de México to get … them too far from the company’s central activity of retailing. The company’s investment group analyzed sustainability projects on the same basis as any other project, concentrating …
… had to decide how it was going to respond and how much it was willing to invest in its efforts to grow in the U.S. In Europe, the supply-constrained market during 2007-10 had … with some of the continent’s leading developers of solar projects. Trina supplied modules for a number of large, signature projects, developing a strong track record. Now, the … been rocky, and the rapid rise of the Chinese solar industry had worried many U.S. interest groups. In addition, U.S. lawmakers were concerned with the overall trade imbalance between …
… As the Connecticut Green Bank works to design high-impact programs for the solar market, it has supported the … Solar-market demand was accelerating faster than incentives could fulfill it—even as falling incentives dropped more rapidly than decreasing installed costs. The need to …
… across five continents. But many investors believed these first years were just a warm-up for what was to come (the company’s market capitalization had doubled since its IPO in 2005). Global demand for wind energy remained … energy business. The demand for electricity was booming, while environmental concerns over greenhouse gases emitted by coal-fired electrical plants had mounted and the price of fossil …