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 disadvantaged 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 NEWS
These articles and updates are designed to fuel your curiosity to learn and provide
answers
to critical questions around Our Clean Energy Solutions. Scroll, click, and stay informed!
Growth Opps and The Industrial Heartland Solar Coalition Receives $156 Million EPA Grant for Equitable Solar Expansion
April 22, 2024
Growth Opps and The Industrial Heartland Solar Coalition Receives $156 Million EPA Grant for Equitable Solar Expansion
Growth Opps and IBEW Announce Landmark Partnership to Advance Solar for All Program
April 18, 2024
Growth Opps and IBEW announce a landmark partnership to collaborate on the implementation of the Solar for All program.
Growth Opps Leads Industrial Heartland Solar Coalition in Seeking $250 Million EPA Grant for Equitable Solar Expansion
November 7, 2023
The Industrial Heartland Solar Coalition, led by Growth Opportunity Partners (Growth Opps), applied for $250 million in funding from the Environmental Protection Agency’s (EPA) Solar for All program.
Growth Opps Awarded $1 Million Grant from Morgan Foundation to Support Underserved Entrepreneurs
October 31, 2023
Growth Opps receives a game-changing $1 million grant from the Burton D. Morgan Foundation, igniting hope for underserved small businesses across Ohio.