Correlate Energy Corp. and Energetic Capital have launched a pipeline initiative to deliver renewable energy to underserved communities. This partnership combines Energetic Capital’s financing expertise with Correlate Energy’s project development skills. They aim to access the EPA’s Greenhouse Gas Reduction Fund (GGRF) programs, including the $7 billion Solar for All grant and the $14 billion National Clean Investment Fund grant, which focus on low-income households and communities. These GGRF initiatives will save millions annually and establish clean financing institutions. Additionally, non-profit insurer GreenieRE will mitigate risks in decarbonization projects, enhancing the funds’ impact. Together, these efforts address energy disparities by providing cost-effective renewable energy to disadvantaged areas.
Correlate Energy announces shared project initiative
Correlate Energy and Energetic Capital join forces to implement renewable energy projects in low-income neighborhoods. (Image Credit: Correlate Energy)
SECI projects totaling 1,023 MW were commissioned in Jaisalmer, Rajasthan, by Acme Solar, utilizing ISTS connections and SECI PPA financing. (Image Credit/Source: Andreas160578/Pixabay)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdrola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)