Revolutionary green initiative in the U.S. targets $160B in climate tech funding
New U.S. ‘green bank’ aims to steer over $160B in capital into climate techFor years, banks have been financing large renewable power projects, from utility-scale solar farms to horizon-spanning wind farms.
But the demand is there, which is why advocates have been clamoring for the federal government to support a so-called green bank, which will underwrite these sorts of projects.
That green bank is now a reality.
Green bank loans have a pretty good track record, too.
The Connecticut Green Bank, for example, has a delinquency rate that’s on par with other commercial lenders across both residential and commercial portfolios.
