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)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: Castillo Engineering)
Annual output of 1.6B kWh from DMEGC’s fishery-PV project saves 496,400 tons of coal and cuts 1.2 million tons of CO2 emissions. (Image Source: DMEGC Solar)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: X-ELIO)
The Mockingbird Solar Center invests $500 million in renewable energy and creates 550 jobs in Texas. (Image Credit/Source: MarkStebnicki/Pexels)