Growth Opportunity Partners, Inc. (Growth Opps) is proud to announce its partnership with the Coalition for Green Capital (CGC), to strengthen the National Green Bank's ability to catalyze America's transition to a clean energy platform. CGC also announced a partnership with the Clean Energy Fund of Texas and the Community Development Venture Capital Alliance (CDVCA). This inaugural partnership will build upon CGC's nationwide coalition of over 30 green banks and other lenders focused on addressing the climate crisis by financing clean energy projects in local communities.
"As the first African American led Green Bank established in the United States, we are thrilled to partner with CGC, to support the launch of a National Green Bank," said Michael Jeans, president & CEO of Growth Opportunity Partners, Inc. "Growth Opps has a strong record collaborating with banks, governments, municipalities, philanthropy, and the private sector to fill the gaps where capital markets have failed underserved/disadvantaged persons and communities. Having launched the GO Green Energy Fund in collaboration with CGC, we are confident in the vision and opportunities to come with the creation of a National Green Bank and the backing of our robust coalition."
"With our new partners, we anticipate an initial pipeline of projects with a total valuation of more than $2B in public-private dollars over the next several years," said Eli Hopson, executive director and COO of CGC. "Growth Opps, the Clean Energy Fund of Texas, and the CDVCA are connected to local communities and financial institutions. These local ties will help the national green bank move quickly to reach every community, especially underserved communities, as we catalyze America's transition to the clean power platform in an equitable way, create good jobs, and redress environmental injustice."
Growth Opps offers community development capital, services, and solutions to growing small businesses, municipalities, and community organizations primarily located in underserved, low and moderate-income communities. The recently launched Clean Energy Fund of Texas is the first green bank in Texas. The CDVCA is the network for community development venture capital investing.
The partnership aims to reduce greenhouse gases and address climate equity by financing energy efficiency, weatherization, & water conservation. This partnership is an important step in creating a sustainable future for everyone.
