GO Green Energy Fund

GROWTH OPPS
SUSTAINABILITY STATEMENT

Growth Opps is committed to becoming a leader in environmental sustainability. We believe the risks to the environment warrant the intentional actions of companies, governments, and global citizens, if we are to make meaningful progress. We believe it is our responsibility as global citizens, to take good care of the planet the world’s children will someday inherit, as well. As a result, we are active participants in public discourse, regarding environmental sustainability and actively seek opportunities to support clean, sustainable projects. Environment incubates life. At Growth Opps, we remain committed to improving the quality of life for all persons with a particular sensitivity to under-represented persons, groups, and communities.

GROWTH OPPS
SUSTAINABILITY STATEMENT

Growth Opps is committed to becoming a leader in environmental sustainability. We believe the risks to the environment warrant the intentional actions of companies, governments, and global citizens, if we are to make meaningful progress. We believe it is our responsibility as global citizens, to take good care of the planet the world’s children will someday inherit, as well. As a result, we are active participants in public discourse, regarding environmental sustainability and actively seek opportunities to support clean, sustainable projects. Environment incubates life. At Growth Opps, we remain committed to improving the quality of life for all persons with a particular sensitivity to under-represented persons, groups, and communities.

WHAT IS THE GO GREEN
ENERGY FUND?

Growth Opps in collaboration with Coalition for Green Capital (CGC) has established a Green Bank model that can deploy mission-driven capital to support small-scale commercial and industrial solar project development in Ohio. With support from The George Gund Foundation, The Cleveland Foundation, and the Cuyahoga County Government, CGC completed a market opportunity analysis in 2019 to determine the potential for a Green Bank model to increase clean energy development in Cuyahoga County, Ohio. Based upon this analysis, CGC found that there exists today a market in Cuyahoga County, to deploy a minimum of $15 million of mission-driven capital to support $30 million or more of projects in the county’s solar market over the next five years. The GO Green Energy Fund was born.

WHAT IS A GREEN BANK

A Green Bank is a financial institution, typically public or quasi-public, that uses innovative financing techniques and market development tools in partnership with the private sector to accelerate deployment of clean energy technologies. What makes the GO Green Energy Fund unique? The GO Green Energy Fund was created and lives within Growth Opportunity Partners (Growth Opps), a 501(c)(3) nonprofit. It leverages private investment in clean energy technologies to reduce energy costs, stimulate economic activity, create Meaningful Wage Jobs, and expedites the transition to a low-carbon economy.

WHAT IS A GREEN BANK

A Green Bank is a financial institution, typically public or quasi-public, that uses innovative financing techniques and market development tools in partnership with the private sector to accelerate deployment of clean energy technologies. What makes the GO Green Energy Fund unique? The GO Green Energy Fund was created and lives within Growth Opportunity Partners (Growth Opps), a 501(c)(3) nonprofit. It leverages private investment in clean energy technologies to reduce energy costs, stimulate economic activity, create Meaningful Wage Jobs, and expedites the transition to a low-carbon economy.

THE IMPACT

The GO Green Energy Fund aims to create clean Meaningful Wage Jobs, double the regions installed solar capacity, reduce greenhouse gas emissions potentially taking the equivalent of over 100,000 passenger vehicles off the road, and leverage $30 million in overall investment into clean energy projects in the county.

These estimates are based upon CGC modeling, which includes an assumption that a Green Bank in NEO could invest a minimum of $15 million into a variety of solar PPAs over a five-year period. Data taken from NASA suggests there is strong potential pipeline to support investment.

GO GREEN ENERGY EVENTS

Stay tuned!