Will accelerate lending, enhance transparency, and standardize financial data collection for CGC’s Network
Banyan Infrastructure (Banyan), a leading project finance software provider, is excited to announce a partnership with the Coalition for Green Capital (CGC).
As America’s national green bank, CGC is continuing to develop and expand a network of self-sustaining state and local green banks that invest in projects that transform the US energy system and reduce costs for consumers and businesses. Banyan supports CGC’s work by providing a digital platform and advisory services to streamline the management of deal pipelines, originations, portfolio management reporting, and regulatory compliance.
The announcement comes as representatives of both Banyan and CGC participate in the Alaska Sustainable Energy Conference in Anchorage. Among CGC’s network partners that will benefit from the new relationship with Banyan is Spruce Root, a non-profit Community Development Financial Institution that serves the southeastern part of the state.
Additionally, Banyan will help CGC ensure that, along with its network, it can deliver clear, accurate data on the deployment of federal funding. This includes incorporating the Environmental Protection Agency’s unique requirements into its software, with the goal of creating audibility, transparency, and the ability to formalize complex reporting across the country’s clean lending ecosystem.
This robust digital infrastructure will support CGC in establishing operational and reporting standards that facilitate the effective deployment of catalytic capital across its national network of green banks. Combining CGC’s innovative approach to project financing with Banyan’s cutting-edge software solutions will lay the groundwork for a long-term and viable energy market needed to scale green lending nationwide and attract private investment.
CGC’s investment and lending network provides a vision of what the larger clean infrastructure market can accomplish, proving that technology and stakeholder collaboration can build a framework to unleash catalytic capital from both the private and public sectors.
“Banyan Infrastructure has always been at the forefront of project finance software, but to truly create impact, we need an innovator who is willing to prove out the value of digital tools at scale,” says Will Greene, CEO at Banyan Infrastructure. “CGC is the perfect combination of practical and visionary, and its work will help lay the foundation for project finance capital mobilization in the years to come. We’re honored to be a part of this historic mission.”
“Technology is a critical piece of the reporting puzzle, especially as CGC scales its operations. Clear, timely, and accurate data will demonstrate the significant impact of catalytic capital,” says Jeff Diehl, Chief Operating and Compliance Officer at CGC. “Our partnership will ensure that all Americans will have the abundant, clean energy they need and deserve, at a lower cost.”
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