New Resource bank (in USA) is the country’s first “green” bank and they love helping in green people in green ways……. read the full article here
It is a positive step that at least one bank in the US is finally being to understand. However if you don’t have access to a green bank where do you turn? First ask your local energy consultant, they have the knowledge and contacts to point you in the right direction.
For economically viable large projects, let’s say US$ 10 million and up sourcing finance is not the major challenge, there are several options in the market. However, the important smaller schemes often struggle, and find difficulty to securing funding, in reality nobody is really interested due the transaction cost.
I have spent time explaining the an energy efficiency finance model to banks who seem to uninterested, prefering to opt or lets say demand upfront collateral, ignoring the efficicency savings as a future income stream. Luckily, we have an Mr Xu, an energy specialist at ADB Hong Kong, who we hope will help the re-education process.